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JL Developments launches unique Alberta hillside community
JL Developments launches unique Alberta hillside community
Edmonton-based JL Developments is launching West Hawk, a new residential community of over 500 residential lots, in the Town of Cochrane just west of Calgary. West Hawk is an amenity-rich community of about 110 acres.
Average house price hit $668,754 in July, up 6% from 2022
July home sales saw the largest year-over-year increase in more than two years, but little changed from June, the Canadian Real Estate Association said Tuesday, with the number of homes that sold up 8.7 per cent from the prior July.
As condo market cools, niche buyers move in
The condominium market has slowed in Toronto this summer, except for one cadre of buyers, downsizers. Nationally, the condo segment of the Canadian Real Estate Association’s MLS Home Price Index accelerated 2.3 per cent on a seasonally adjusted basis.
 | Residential Landscape Canadians keep the faith in real estate, and homeownershipBarbara LawlorPartner & CEO, Baker Real Estate Inc. |
Secondary units in demand as homebuyers grapple with rates
As Canadians grapple with interest rate hikes and high mortgage payments, there is a growing demand for houses with secondary units, like basement apartments and laneway homes, real estate experts say. Secondary dwellings can offer much-needed rental income to homeowners.
Mortgage holders opt for shorter terms, hope for lower rates
More Canadian homeowners have opted for shorter-term mortgages in recent months, hoping for an eventual lowering of interest rates according to RBC, setting the stage for a wave of renewals and another potential hit for household finances in the future.
Canadian home sales fell for the first time in six months
Canadian home sales fell for the first time in six months with the number of homes trading falling 0.7 per cent in July from June, the first decline in transactions since January, according to seasonally adjusted data released by CREA.
8 homes you can buy for less than $200K in Edmonton
In Edmonton, residents are still fortunate to live where the average income can get you into the housing market. According to Zoocasa, you need an income of $57,000 annually to afford Edmonton’s average home price of $366,600.
Silvertip continues growth for custom homebuilder Rockwood
Rockwood Custom Homes was launched in 2009, with CEO Allison Grafton setting the bar as a high-performance custom builder. In 2015 she had built or renovated 65 homes, primarily in Bel Aire, Elbow Park, Aspen Heights, Springbank and now Canmore.
Star Building Supplies to untangle building supply chain
Star Building Supplies — a member of the Qualico family of companies — had tripled the size of its Calgary operations in buying 12 acres of land along Crosspoint Road in the booming industrial area of Balzac, east of CrossIron Mills and Century Downs Racetrack and Casino.
Etobicoke condo to offer ‘Drake aesthetics at affordable prices’
When the team at CORE Architects presented its initial designs for the 9Hundred Condos to Harhay Developments, a two tower project with 161 suites in 20-storey Tower 1, and 238 suites in 21-storey Tower 2, an evocative scenario involving Toronto’s most famous rapper emerged.
Lack of buyers hurting industry sentiment and housing starts
The Canadian Home Builders’ Association (CHBA) released the 2023 Q2 Housing Marketing Index (HMI), which saw both single- and multi-family indexes remain low but increase slightly once again this quarter, improving from the lows recorded in Q4 2022.
11-storey Parliament & Co. mixed-use coming to Corktown
The Downing Street Group and The Sher Corporation are bringing the Parliament & Co. mixed-use development to Toronto's historic Corktown neighbourhood. The 11-storey building includes 3,000 square feet of retail at grade, open concept commercial lofts and live-work lofts.
London's hospital land redevelopment faces uncertain future
A plan to turn two vacant hospital buildings into almost 140 affordable apartments in London, Ont. now faces an uncertain future after a $13.5 million grant proposal by charity developer Indwell was rejected by Canada Mortgage Housing Corporation (CMHC).
Kelowna council cancels 25-storey residential hghrise
Kelowna city council has cancelled permits for a 25-storey residential highrise on city-owned land downtown following the revelation that JDH Naturals, a “vender” hired by developer Appelt Properties paid students support the project at a public hearing.
Emerging plans for 1,200 homes on the Pickering Greenbelt
The battle over the largest chunk of land the province removed from the protected Greenbelt in December intensified this week. As many as 30,000 housing units could be built on the Duffins Rouge Agricultural Preserve near Pickering in the future.
Navacord acquires condo insurance provider CIS
Navacord Corp. has acquired Markham based Condominium Insurance Solutions (CIS), one of the largest condo insurance providers in Ontario. CIS’s offerings are tailored to meet the needs of the Condominium Act of Ontario to their clientele of condo corporations.
Flood insurance to be available to all property owners in Canada
Standard insurance policies generally do not cover storm surge and overland flooding because it is considered too high risk, however the Insurance Bureau of Canada expects to have a national flood insurance program by April 1, 2025.
4 surprising takeaways from Muskoka’s cottage owner survey
In July, the District of Muskoka released its Second Home Study, an analysis of the area’s cottager population. Despite the recent explosion of rentals across Ontario’s cottage country, Muskoka’s numbers remained low. Only 11 per cent of cottagers surveyed are renting out their properties.
The battle for a Prince Edward Island Beach
Though public access to beaches is enshrined in law throughout Canada, P.E.I. is unique. In 1982, the province passed the Lands Protection Act, restricting the amount of land a non-resident can own to five acres and 165 feet of shoreline.
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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