Industry News
Budget 2024 misses the mark for first-time buyers
Thirty-one per cent of the cost of buying a new home is attributable to taxes, fees and levies, according to a study done by the Canadian Centre for Economic Analysis.
Housing plan falls short on climate resilience
Sustainability proponents are flagging missed opportunities to meet national climate commitments by 2050.
New measures announced in Canada’s Housing Plan
Calling it "the most comprehensive and ambitious housing plan ever seen in Canada," Prime Minister Justin Trudeau emphasized the new housing plan will lead to 3.87 million homes by 2031.
Major Victoria waterfront development proposed
The first rezoning submission for Victoria’s Arts and Innovation District by Reliance Properties will see a major mixed-use development.
Ontario introduces new ‘cutting red tape’ legislation
Ontario introduced new legislation to cut red tape and build at least 1.5 million homes by 2031, the government announced on Wednesday.
Construction labour crunch at odds with housing targets
Canada’s residential construction industry will need to attract more than 1,030,000 workers in order to reach 5.8 million housing starts.
Metropia breaks ground for Union City under new president
Metropia broke ground Wednesday for its Union City condo community in Markham.
Next phase begins for Bravo Condos in Vaughan
Menkes and QuadReal have started construction on the next phase of the largest mixed-use development in the Vaughan Metropolitan Centre.
Canada pledges $6B housing infrastructure fund
The Government of Canada is launching a new $6 billion Canada Housing Infrastructure Fund to help accelerate critical housing infrastructure.
Manitoba security system purchasers to get rebate
The Manitoba government is delivering on an election campaign promise to provide a $300 rebate on the purchase of a business or home security system.
Analysis reveals GTA’s highest and lowest condo fees
The least expensive maintenance fees were mainly located beyond Toronto’s core.
Toronto eyes enforcement clout for EV spaces
Toronto’s commercial and multifamily landlords could be getting some enforcement clout beyond the honour system to discourage misuse of electric vehicle charging spaces in their parking garages.
Vancouver to gain more authority over landscaping
Proposed amendments to Vancouver’s charter would allow Council to set conditions for landscaping new development and hand off dog licence revocation to City staff.
Concert Properties appoints Ruth Legg VP of ESG
Ruth Legg has been named vice president of environment, social and governance at Concert Properties, effective March 26, 2024.
Edmonton housing market heating up
The Greater Edmonton Area’s housing market has been gaining momentum ahead of spring, showing residential sales increases since January.
Toronto opens resource for energy and water reporting
A link has opened for building owners to report their energy and water usage before the July 2, 2024 deadline.
Vancouver names Corrie Okell new GM of development
Corrie Okell has been named the new general manager of development, buildings and licensing for the City of Vancouver.