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Arthroto, DIRTT's prefab model for office-to-res conversions
Arthroto, DIRTT's prefab model for office-to-res conversions
Startup Arthroto has partnered with DIRTT to “revolutionize” the future of housing, providing a way to meet the urgent need for affordable and sustainable development by converting unused office spaces into residential, mixed-use and potentially also flexible housing.
Triple M Housing to make modular home building mainstream
If you’ve ever been curious about the inside of a modular factory, Rick Weste, CEO of Triple M Housing Ltd., would be a great tour guide. Weste considers the 3 M’s of Triple M to stand for Making Modular Mainstream.
George Brown College is going to build staff housing
George Brown College is floating the idea of building its first homes for staff and faculty in the coming years after its housing task force, created earlier in 2023, found faculty, not only students, were feeling the pinch of unaffordability.
Condo developer to build rental-only detached houses
After being vilified for its plans to buy $1-billion worth of houses in Ontario to rent them out, Core Development Group Ltd. says it now also wants to build new rental houses from scratch.
Ontario Land Tribunal dismisses appeal by Willowdale group
A long-delayed and contested plan to build 60 units of supportive housing in Willowdale can move ahead. The Ontario Land Tribunal decision says the complex at 175 Cummer Ave. can exist in harmony with the community and provides needed housing.
Banff's historic backyard cabins have renewed relevance
Travel back in time, and Banff residents were making housing work for workers and tourists by building backyard cabins — even if they weren't legal. Today, Banff's plans might bring back that now lost gentle density as part of the fix.
Five-year fixed rates are dropping, variable rates to follow
In December, interest rates on five-year fixed mortgages dropped to levels not seen since May due to central banks signalling that monetary tightening is likely over. Five-year variable rates are at least one per cent higher than fixed rates.
Hybrid mortgages an option amid interest rate uncertainty
It’s hard to overstate how much is riding on inflation getting back near the Bank of Canada’s two per cent target. If it does, financial markets, debt jugglers and Canada’s real estate market might just avoid an economic faceplant.
More borrowers turning to lenders of last resort
In a time of high interest rates and rich house prices, mortgages from private lenders have become a lifeline for many debt-laden homeowners. Mark Morris, Toronto-based real estate lawyer is seeing a steady stream of clients struggling with borrowing costs.
Toronto just saw the worst year for homes sales in 23 years
Toronto-area real estate sales hit a 23-year low as the market took a significant hit from a slowing economy. There were 65,982 homes sold in 2023, according to Toronto Regional Real Estate Board data, the lowest since 2000.
Here's what to expect in Toronto real estate in 2024
Experts agree the real estate market's success in 2024 hinges on where the Bank of Canada decides to take interest rates after an 16-month rate hike campaign that has dampened sales activity and reduced prices in most Canadian markets.
Calgary condo owners see significant property tax rise in 2024
Calgary condo owners will likely see a significant hike in property taxes in 2024, following on an increase in property values in 2023. The median price of a condo is $295,000, up from $255,000 the year before.
Ontario act strives for transparency in real estate industry
The rules of Ontario’s real estate brokerage business changed in December when the Trust In Real Estate Services Act (TRESA) came into force, promising enhanced professionalism, more robust consumer protection, transparency and education of both buyers and sellers.
Edmonton's urban planning overhaul effective Jan. 1
On New Year's Day, Edmonton will look much the same from the ground, but its map will have radically changed. Edmonton city council approved a complete zoning overhaul in October after days of contentious public hearings, impacting all residential communities.
B.C. tourist region board frustrated by short-term rental laws
A Columbia Shuswap Regional District director had strong words in opposition to B.C.'s new short-term rental legislation during a recent board meeting while providing a report on the new legislation and how it might affect the regional district.
Condo owners say B.C.’s short-term rental laws unfair
A Port Moody man who owns a condo in Kelowna says he is being unfairly targeted by B.C.'s new short-term rentals legislation which, starting this spring, will restrict short-term rentals to a homeowner’s principal residences and onsite secondary suites.
The top homes of the week of 2023
A special edition of The Globe and Mail’s roundup of the top housing and real estate stories features the best homes of the week of 2023. From converted churches to famous architects, here are the most interesting homes the year had to offer.
P.E.I. developer makes controversial Point Deroche his home
Two properties totalling more than 60 acres on Prince Edward Island's North Shore, including the controversial development at Point Deroche, have been purchased by well-known Island developer Tim Banks, the CEO of APM Group, with approval by the provincial cabinet.
Red-tape stalls Londoner's plan to build new house
All he wanted was to replace a deteriorated home. But a year and a half after getting an OK from city hall and months of red-tape delays from the province, a Londoner will have to wait until spring to break ground.
U.S. Mortgage REIT JER Files For Chapter 11
Mortgage REIT JER Investors Trust has filed for Chapter 11 bankruptcy with the U.S. Bankruptcy Court, becoming the latest in a string of real estate companies to face financial peril amid 2023’s interest rate environment.
Industry Events
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Canadian Home Building Association: National Fall Meetings
Oct 21 2024
to Oct 25 2024
Ottawa, Ontario
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Canada Real Estate Auction
Oct 22 2024
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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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Housing Central Conference
Nov 18 2025
to Nov 20 2025
Sheraton Vancouver Wall Centre Hotel, BC
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