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OHBA acquires EnerQuality to expand training mandate
OHBA acquires EnerQuality to expand training mandate
The Ontario Home Builders’ Association (OHBA) has taken full ownership of energy efficiency certification company EnerQuality Corporation, a move aimed at expanding the OHBA’s increasing focus on training its 4,000 member companies.
 | Residential Landscape Condominium investing in an ever-changing marketBarbara LawlorPartner & CEO, Baker Real Estate Inc. |
Shorter wait times for development approvals in GTA: BILD
A new report from the Building Industry and Land Development Association (BILD) reveals many key municipalities surrounding the Greater Toronto Area have made at least some improvements in approval wait times for residential development projects.
Record rental construction drives housing starts: CMHC
Total housing starts in the six largest census metropolitan areas rose by four per cent in H1 of 2024, as developers continued to focus on multi-unit apartment buildings at historically high levels, according to Canada Mortgage and Housing Corporation (CMHC).
No more stress tests for switching mortgage at renewal: OSFI
The Office of the Superintendent of Financial Institutions (OSFI) will no longer require banks to apply the mortgage stress test on borrowers who switch lenders if they are simply renewing their loan, the regulator said on Wednesday.
Mortgage rate drop almost over, Desjardins says
According to Desjardins (DCP-T) estimates, rates granted on five-year mortgage loans have already fallen by more than 170 basis points (1.7 percentage points) since their peak, due to the anticipation of the Bank of Canada rate cuts.
Renos, teardowns contributed to high TO home prices: report
Tearing down and renovating freehold properties during the pandemic contributed to soaring costs of the Toronto area’s detached homes, which skyrocketed by almost 35 per cent in just four years, according to a Re/Max Canada report.
Toronto home sales pick up pace after summer slog
Buyers are treading carefully back into Toronto real estate in September after the summer market turned to sludge. In some midtown neighbourhoods, entry-level detached and semi-detached houses under $2 million have been making up the bulk of recent sales.
B.C. building permits soar as Van. shifts to buyers’ market
OPINION: Canadian building permits rebounded in July after two months of declining values. This recovery was driven in large part by B.C., where permit values more than doubled on a monthly basis to $2.4 billion.
Canada has a housing problem. First Nations plan to fix it
Taza, in southwest Calgary, is Canada’s largest First Nations development. The Tsuut’ina Nation, in partnership with Montreal-based real estate developer Canderel, is building a master-planned community on 1,200 acres of the Tsuut’ina Nation’s land.
Canadian real estate flippers still near record levels
Canadian real estate may have slowed for the average person, but not for flippers. In fact, the share of sellers that managed to flip their property within a few months is just off record highs.
Prices aren't the only thing pushing first-time buyers away
Rising prices are undoubtedly a part of the story, but another factor is the growth in incomes and savings bolstered by the pandemic - countering government’s financial support for households and businesses, according Statistics Canada’s 2022 Canadian Housing Survey data.
Watchdog probes suspected CREA anti-competitive policies
The federal competition watchdog is investigating if rules by the Canadian Real Estate Association (CREA), Canada’s largest realtor industry group, are pressuring home sellers to pay higher commissions to real estate agents.
Min.-wage workers need to earn double to afford TO rents
In Toronto, the minimum wage is $16.55. To have affordable rent someone would need to earn $37.31 for a one-bedroom and $44 for a two-bedroom — at least double for both rents, according to the Canadian Centre for Policy Alternatives.
Ont. couple says 4-year-old home is teardown, suing builder
A Fort Erie, Ont., couple say their house was so badly constructed they have no choice but to tear it down. They're now suing Marina Homes, the house designer and the Town of Fort Erie for $3 million.
Lenders scramble to find way out of property empire collapse
The unwinding of $144 million in debt former child actor Robby Clark amassed before the collapse of his companies comes after attempts to market the properties as a package failed. Lenders are now scrambling to find value amid the wreckage.
What do Canadians want most in a home?
A new survey from Wahi that explored what type of home Canadians would most like to buy reveals that many homebuyers still dream of owning a renovated single-family home in the suburbs, despite ongoing affordability challenges.
U.S. new home sales fell in August as buyers awaited lower rates
New U.S. single-family home sales decreased 4.7 per cent last month after rising at the fastest pace since early 2022, government data showed Wednesday. The median sales price decreased 4.6 per cent from a year earlier.
China unveils biggest package yet to boost property market
China unveiled its biggest package yet to shore up its beleaguered property market, lowering borrowing costs on as much as US$5.3 trillion in mortgages and easing down-payment requirements for second home purchases to a historical low.
Tokyo home prices seen to largely withstand BOJ rate hikes
Tokyo residential property prices are likely to hold up after the Bank of Japan’s (BOJ) interest-rate increases, though some areas may see declines, industry experts say. Tokyo’s housing market has been buoyant in recent years, thanks to rock-bottom interest rates.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Toronto Real Estate Forum
Dec 04 2024
to Oct 05 2024
Metro Toronto Convention Centre - South Building
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First Nations Housing Conference
Feb 04 2025
to Feb 06 2025
Valhalla Hotel, Thunder Bay, ON
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2025 ULI Housing Opportunity Conference
Feb 25 2025
to Feb 26 2025
Atlanta, GA
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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CHBA's Home Building Week in Canada
May 11 2025
to May 15 2025
Victoria, BC
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2025 CFAA Rental Housing Conference
May 13 2025
to May 15 2025
Vancouver, BC
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