Industry News

home sales forecast

Canadian home sales fall 2.1 per cent in July

National home sales fell 2.1 per cent from June to July, marking the fourth consecutive month of declining sales activity, according to statistics released by the Canadian Real Estate Association.

Survey finds majority opposes home-sharing services ban

With short-term rental rules on the horizon, a group is touting the survey finding that a majority of Canadians oppose a ban on home-sharing services.
Awards of Distinction

OHBA names 2017 Awards of Distinction finalists

The Ontario Home Builders’ Association has announced the finalists for its 2017 Awards of Distinction, to be announced on Sept. 26th at the OHBA Conference.
Peter & Adelaide

New 47-storey condo to rise in downtown Toronto

Peter & Adelaide, a new residential tower by Graywood Developments, will rise at Peter St. and Adelaide St. in downtown Toronto’s Entertainment District.

Tarion coverage for condo conversions anticipated in 2018

Tarion coverage for Ontario condo conversions is expected to become available at the beginning of 2018, according to a regulatory proposal.
Condominium Authority

Condominium Authority of Ontario adopts fees as proposed

Condo owners will pay a monthly fee of $1 per voting unit to fund services to be provided by the newly formed Condominium Authority of Ontario.
rent control in Ontario condo sales

GTA condo sales fall eight per cent y-o-y in Q2

According to the Toronto Real Estate Board (TREB), there were a total of 8,223 condominium apartment sales reported between April and the end of June in the Greater Toronto Area.
short-term rental

Vancouver echoes Toronto’s proposed short-term rental rules

City of Vancouver staff earlier this month proposed short-term rental rules that are markedly similar to rules proposed in Toronto.
housing minister

Peter Milczyn named Ontario’s new housing minister

Peter Milczyn, MPP for Etobicoke-Lakeshore, was sworn in as Ontario’s housing minister at a Queen’s Park ceremony this morning.
condo sales

GTA condo sales reach record high in June

In June, the Greater Toronto Area’s new housing market continued to climb with condo sales in the region reaching a new record high, reports BILD.
waste diversion

Multi-res superintendent finds success with waste diversion program

Education and easy access are two key factors that helped an Ottawa-based condo find success with its waste diversion program.
facility service providers

Condo management companies strike partnership

Associa Maple Ridge Community Management announced that it has struck a strategic partnership with Harmony Management.
Shibley Righton

Shibley Righton LLP’s condo law group expands

Prominent local condo lawyers Audrey Loeb and Armand Conant have teamed up under the Shibley Righton LLP banner.
forecast prediction

TREB revises 2017 home buying forecast downwards

The Toronto Real Estate Board has revised its forecast range for 2017 transactions down to between 89,000 and 100,000, but listings are expected to grow.

CetraRuddy selected to design Yorkville condo

CetraRuddy, the New York-based team behind Manhattan’s One Madison tower, has been selected to design Adi Development Group’s 64 Prince Arthur.
home sales forecast

Canadian home sales cool further in June

The number of homes sold in Canada fell 6.7 per cent from May to June, marking the largest monthly decline in home sales since June 2010, says the CREA.
Port Lands

Governments invest in Port Lands transformation

The governments of Canada, Ontario and Toronto are investing in projects like the Toronto Port Lands Flood Protection to help protect against climate change