Industry News
Alberta introduces stronger protection for condo buyers
On October 12, the Alberta government approved the first stage of new regulations that will better protect condominium buyers in the province.
Construction starts on Canada’s tallest building, The One
Mizrahi Developments celebrated the start of construction on the retail portion of The One with a ribbon cutting ceremony featuring Toronto Mayor John Tory. The
National home sales begin to climb in September
Canadian home sales increased by a modest 2.1 per cent between August and September 2017, according to statistics from the Canadian Real Estate Association (CREA).
Ontario moves to reform new home warranties system
The Ontario government last week delivered on previously announced plans to introduce legislation to reform the province’s new home warranties system.
Province strengthens consumer protection with new rules: OREA
The government of Ontario has introduced legislation that, if passed, will implement North America-leading rules in the province around how real estate professionals can represent consumers.
Guelph named best local association by OHBA
The Ontario Home Builders’ Association (OHBA) President’s Gala recognized esteemed OHBA members and local associations for their commitment to the industry.
National Housing Strategy Roundtable seeks expert input
Housing experts and stakeholders recently met with Minister Duclos at a National Housing Strategy Expert Roundtable in Ottawa on October 5.
Daniels to offer suites designed for accessibility
The Daniels Corporation last week unveiled plans to offer suites expressly developed for accessibility.
GTA home sales fall 35 per cent in September
According to the Toronto Real Estate Board (TREB), there were 6,379 home sales in the Greater Toronto Area in September 2017, a decline of 35 per cent year-over-year.
Ian Darling named Condominium Authority Tribunal chair
Ian Darling will serve as the first chair of the Condominium Authority Tribunal (CAT) starting Oct. 2.
GTA and Vancouver see more luxury condo sales
Vancouver boasts a greater share of higher priced transactions with 165 condo deals topping $2 million versus 100 in the Greater Toronto Area, but the single highest price was garnered in the GTA.
GTA new home sales fall 69 per cent in August
Sales of new homes in the GTA fell by 69 per cent year-over-year in August 2017, but year-to-date sales remain strong, reports BILD.
Affordable housing development breaks ground in Scarborough
The Daniels Corporation and partner Diamond Corp. recently broke ground on a new condominium community called Daniels FirstHome Markham Sheppard.
Foreign buyer purchases fall in Greater Golden Horseshoe
According to new data from provincially collected tax information, home purchases by foreign buyers have fallen since the Fair Housing Plan was introduced.
Phase 1 of Quebec’s biggest mixed-use development breaks ground
Devimco Immobilier recently broke ground on Phase 1 of Solar Uniquartier, a development that is being touted as Quebec’s biggest mixed-use real estate project.
GTA home sales plunge 34.8 per cent in August
The Toronto Real Estate Board (TREB) announced that there were 6,357 home sales completed in the GTA in August 2017, a drop of 34.8 per cent year-over-year.
Mattamy Homes names Margaret Whelan to Board
Mattamy Homes, the largest privately owned home builder in North America, has appointed Margaret Whelan to its Board of Directors
