Industry News

home ownership

Home ownership more affordable than renting: report

According to a new Mortgage Professionals Canada report, the soaring cost of rent is making home ownership more cost effective, now and in the future.
condominium housing starts

National housing starts trend down in August

The national trend in housing starts continued its downward path in August compared to the historical peak recorded in March 2018, reports CMHC.
inclusionary zoning

Revisit inclusionary zoning reg: REALPAC to province

REALPAC is calling on the new administration at Queen's Park to revisit Ontario's inclusionary zoning regulation.
Arborescence

KnightsBridge launches Arborescence condo project

KnightsBridge has officially launched Arborescence, a new condominium development located directly on the Kamloops Trail of Quebec’s Bromont Mountain.
GTA home sales

GTA home sales rose 8.5 per cent in August

Home sales in the Greater Toronto Area increased 8.5 per cent year-over-year to 6,839 units in August 2018, reports the Toronto Real Estate Board (TREB).
stop collecting carbon tax

Ontario utilities to stop collecting carbon tax

The Ontario Energy Board must provide direction before the levy can be removed from natural gas bills.
Wonder Condos

Former bread factory to become Wonder Condos

Graywood Developments and Alterra have teamed up to redevelop a former bread factory into commercial space and hard lofts as part of a larger development.
Great Gulf

Great Gulf raises funds for Youth Bipolar Disorder

A recent golf tournament put on by Great Gulf raised a record $209,378 for Youth Bipolar Disorder at Sunnybrook Health Sciences Centre.
office development GTA new home market

Slower sales in July for GTA new home market

Sales of new homes in the GTA slowed in July as prices held steady, according to the Building Industry and Land Development Association (BILD).
technology smart condominium

Tridel reveals first smart condominium at Ten York

Tridel has unveiled its first smart condominium, a newly completed 69-storey development, at Ten York, located in downtown Toronto.
GTA home sales

Stronger national sales activity recorded in July

Canadian home sales climbed 1.9 per cent from June to July 2019, according to statistics released by the Canadian Real Estate Association (CREA).
Waterloo development

GGH tech hubs, transit opens door for development: Altus Group

Significant affordability challenges in the GTA and tighter mortgage rules are increasingly causing prospective home buyers to look for dwellings in the GGH.
high-density land

High-density land in the GTA traded at $92/sf in Q2

High-density land in the GTA traded hands at an average of $92 per buildable square foot in Q2-2018, according to a report
high-rise housing starts

National housing starts trend down in July

The national trend in housing starts declined slightly to 219,988 units in July 2018, down from 221,738 units in June 2018, according to CMHC.
Baker District

City of Guelph selects Windmill for Baker District redevelopment

The City of Guelph has selected Windmill Development Group as its preferred partner for the Baker District project in downtown Guelph.
GTA home sales

GTA home sales surge 18.6 per cent in July

In July 2018, the GTA experienced strong growth in both the number of home sales and the average selling price, reports the Toronto Real Estate Board.
chief planner

Former chief planner launches mayoral campaign

Jennifer Keesmaat is campaigning to become the next mayor of Toronto, the city she formerly served as chief planner.