Renx Homes News Canada (RENXHOMES)
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Reid’s Heritage Homes hits market sweet spot with larger townhomes

1 week ago

RHH hits market sweet spot with larger townhomes

While building and selling new homes in Southwestern Ontario still continues to be a challenge, the leader of Reid's Heritage Homes (RHH) says certain changes have helped to drive the business forward.

Desjardins mortgage portfolio grows 8% to $206.8B

Desjardins Group’s residential mortgage portfolio grew by more than $15 billion over the past year as stronger net interest income and lower credit-loss provisions helped drive a 34.8 per cent increase in second quarter earnings.

Manulife Bank mortgage portfolio grows 12% to $28.7B

Manulife Bank’s mortgage portfolio reached $28.7 billion at the end of the second quarter, up 12 per cent from $25.6B a year earlier as residential lending continued to drive growth. Mortgage balances increased four per cent from Q1.

$25M in infrastructure to unlock 1,300 homes in Moncton

Moncton's mayor has welcomed an announcement by the municipal, provincial and federal governments that they will jointly spend $25 million to improve city infrastructure. Mayor Shawn Crossman said the funding will be the catalyst for development along Elmwood Dr.

Buyers want houses; policy keeps pushing condos

OPINION: Housing policy in the GTHA cannot address the housing crisis if it continues to ignore homebuyers’ preferences. Land-use policy has prioritized increasing housing density without giving sufficient consideration to the kinds of homes Ontarians actually want to buy.

Sales of tiny condos offer hints to the market's future

Michael Soudebov, realtor with Re/Max Professionals Sidorova Inwood Realty Inc., got plenty of attention when he posted a video on social media describing a newly built condominium apartment that sold for just $260,000 on July 1.

Disciplinary hearing ordered for former RECO chair

Last Wednesday, the Real Estate Council of Ontario (RECO) posted notices on its website referring both Katie Steinfeld, broker of record for On the Block Realty Inc., and her brokerage to the discipline committee.

The new Vancouver special - a prefab?

Richard Chen and Angela recently moved into their newly built two-storey home, made entirely of Douglas fir plywood, the first house in Vancouver to be built using a specific system of prefabricated modules.

Window for cheap mortgage rates may be narrowing

CIBC Capital Markets made a rate call last week that mortgage borrowers should know about. In the report, the company’s chief economist Avery Shenfeld predicts that the Bank of Canada’s policy rate will change direction next year.

Saskatoon city hall nixes two small infill housing projects

A Saskatoon consultant says he's still baffled over a city hall decision to kill a small-scale infill project in a west-side neighbourhood. What struck him the most was the lack of debate or questions from council about the proposal.

Surrey eyes site near USA border for housing

Delta council recently approved a staff recommendation indicating the city has no comment on a proposal by the City of Surrey to have a 20-lot residential subdivision just north of the Canada/U.S. border.

Seller ordered to repay $500,000 from illegal home sale

After putting down the deposit toward a new home in Hamilton, Ont., a couple learned the seller wasn’t licensed with the Home Construction Regulatory Authority and the home wasn’t enrolled with Tarion — which oversees new home warranty claims.

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