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Prefab not a unicorn to cut Canada's housing costs (yet): Report

2 weeks ago

Prefab not a unicorn to cut Canada's housing costs (yet)

An increasingly popular idea endorsed by the Canadian government is that prefabricated housing can play a pivotal role in reducing housing costs. But don’t expect factory-built homes to save the day now, says real estate private equity firm Hawkeye Wealth.

Calgary redev of former mobile home park progresssing

Midfield Heights, located along 16th Avenue N.E. west of Deerfoot Trail, ceased to be a mobile home park in 2018 when the City of Calgary evicted the park's residents after lengthy legal and political battles that spanned years.

IBC: Rebuilding after disasters needs better management

The Insurance Bureau of Canada (IBC) is calling for national discussions about how to better manage rebuilding after disasters as their cost and frequency grow. It is asking the federal government to lead talks with provinces on disaster recovery efforts.

Landlords will need help if temperature law becomes reality

As an Ottawa MPP puts forward a plan to require Ontario landlords to provide renters with air conditioning, one representative for local landlords says building owners will need support for expensive and time-consuming upgrades.

Canada building lots of rental. Losing interest in condos

Despite a challenging economic environment, national housing starts have held up a lot better than gloomy predictions from analysts. A big reason why? Developers are building loads of rental units.

Condo dev. in Hamilton stalls as market hits historic low

Builders of highrise condos are hitting the brakes on Hamilton projects as the residential development sector struggles through the worst market downturn in decades. After another dismal quarter, the horizon for condo towers is hazier than ever.

70% of new homebuyers needed down payment help: study

A majority of homebuyers (70 per cent) in the past two years say they couldn’t have purchased their home without help covering the down payment, according to new research from Mortgage Professionals Canada.

CIBC, CMHC repay interest-free loan, not high-interest debts

A Hamilton-based couple signed a mortgage refinance agreement with Canadian Imperial Bank of Commerce. The plan, as laid out in the document, was to use nearly 40 per cent of the money to wipe out high-interest debts.

N.S. housing starts must double to restore affordability

Housing construction starts in Nova Scotia need to more than double for 10 years from the current 5,400 pace annually to restore affordability to pre-pandemic levels, according to a Canada Mortgage and Housing Corporation report.

Toronto homes sold at a loss has ‘surged’ to 7 per cent

In another sign of the struggling real estate market, 397 — or about seven per cent of all homes sold in Toronto in 2025 — were sold at a loss, according to new MLS data provided exclusively to the Star from HouseSigma.

Calgary home sales fall, inventory surges, prices decline

Calgary’s resale market dipped more deeply into balanced market conditions last month. Resales fell 16 per cent year-over-year in June, Calgary Real Estate Board figures reveal. Inventory surged 83 per cent compared with the same month last year.

Couple in warranty battle with Ontario homebuilder

A Belle River, Ont. couple say they are emotionally and financially depleted trying to fix hundreds of thousands of dollars in deficiencies to their 2,500-sq.-ft. new construction home. In 2019, the couple launched a lawsuit against Everjonge Homes.

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