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Ownly, Logel Homes partner to offer online home selection, sales
Ownly, Logel Homes to offer online home selection, sales
Calgary multi-family homebuilder Logel Homes is partnering with e-commerce real estate platform Ownly in a venture they say could radically change the way people buy homes.
GTA condo sales down 51% from 2022 levels: BILD
Greater Toronto Area condominium sales so far this year are down 51 per cent from 2022 totals, according to the latest report from the Building Industry and Land Development Association (BILD).
Canadians are looking into buying homes in other countries
The COVID-19 pandemic ushered in the work-from-home and remote work era. This and rising housing costs caused many Canadians to consider buying homes outside the country in places like Mexico, the US and beachfront properties, a Point2Homes report states.
Concord Pacific CEO loses latest round over condo space
Concord Pacific Group CEO Terry Hui has lost his bid to thwart the petition by condo owners at a tower near Vancouver’s Yaletown. The residents are seeking access to a 6,000-square-foot amenity space.
B.C. ski resort home sells for record $32-million
It took four years to build this 8,700-square-foot house, designed by American architect firm Bohlin Cywinski Jackson, known for designing Apple stores. Perched high above Alta Lake, the home makes the most of the lake and mountain views.
Quebec’s Loyalist farmhouse restoration embraces modernity
ADHOC Architectes led the restoration of a nearly two-century-old farmhouse annex in Quebec’s Eastern Townships, which was originally constructed by the area’s first Loyalist immigrants. Throughout the process, ADHOC remained dedicated to the site’s historical significance.
Railyards development in Vic West complete after 21 years
The Railyards’ colourful playground with a splash area is the newest and final piece in the site’s 21-year build-out where residential buildings have been constructed on top of what was once a bleak former industrial site in Vic West.
Sudbury homeowners fed up with falling construction debris
Shannon Mikus was surprised to see what looked like snow falling in her backyard — in the middle of July. Upon closer inspection, Mikus saw they were small bits of expanded polystyrene foam, which is closely related to and resembles Styrofoam.
Home insurance issues if you've been displaced by B.C. fires
All standard homeowner and tenant insurance policies cover damage caused by fires, and also provide coverage to help with the cost of mass evacuations, according to the Insurance Bureau of Canada (IBC).
Insurance policies are limiting rental to unrelated tenants
A Calgary landlord who has owned a three-bedroom rental property for 17 years says a common insurance policy doesn't allow three or more unrelated tenants limiting the ability to rent to young adults who often share in-home rentals.
Ottawa considering a cap on international student numbers
The federal government is considering a cap on the number of international students to ease the pressure on the housing market, says the man now tasked with tackling Canada's housing crisis. Canada hosted more than 800,000 international students last year.
Mounting debt levels a risk for Canadian households: MRB
High debt levels will place a significant number of households at risk according to MRB Partner's Phillip Colmar. Household credit market debt as a proportion of disposable income increased from 181.7% in Q4 2022 to 184.5% in Q1 2023.
Vacant unit tax survives challenge at Ottawa council
Ottawa council is keeping a vacant unit tax and streamlining the reporting process as the city awaits more data. The tax is one per cent of assessed value on homes unoccupied for six months or more in a year.
Montreal councillors would like a tax on vacant housing
City of Montreal councillors are studying the possibility of taxing vacant housing, car trips and large paved parking lots. Proponents want Montréal to work to identify and adopt, over the next few years, eco-fiscal measures likely to encourage eco-responsible behavior.
Montreal housing starts plummet to 1998 levels
After seven months, the pace of housing starts in 2023 is approaching the historic low of 1998 despite the housing shortage. Montreal stands out in this regard, with Toronto and Vancouver on track for a record year. The annualized rate of housing starts in the census metropolitan area (CMA) of Montreal, from January to July 2023, is approximately 12,000 units.
Montreal bylaw doesn't compensate developers enough
Richard Shearmur, professor with the McGill School of Urban Planning, says he is not surprised developers choose to pay rather than build social and affordable housing. He says the city doesn't make the construction route "worthwhile."
N.L. property owners say short-term rental laws miss the mark
A housing expert says the provincial government's long-awaited short-term regulations miss the mark — and property owners they lack clarity The provincial government would require property owners to register short-term rentals and follow rules that govern established operators like hotels.
Short-term rental restrictions protect Halifax housing supply
The City of Halifax new short-term rental restrictions prioritize the protection of the long-term housing supply limiting short-term rentals to a host’s primary residence in residential zones along with other provisions that apply to commercially zoned areas.
Manufactured homes are a possible answer to U.S. housing shortage
In the first half of 2022, more than 50,000 manufactured homes were shipped across the U.S., a 31% year-over-year increase, according to U.S. Census Bureau. The production of 112,865 manufactured homes in 2022 was the largest increase in 15 years.
Florida cities search for solutions to condo owner exodus
Changes to Florida state law requiring condo inspections and repairs are bearing down on unit owners, hitting them with unexpected bills that some can’t afford and raising fears that they will be forced to sell their homes.
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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