Industry News

Fair Housing Plan affordable housing

Ontario municipalities in charge of creating affordable housing

Recent changes to regulations under the Promoting Affordable Housing Act allows municipalities to require affordable units in new residential developments.
inclusionary zoning new home sales TREB

Average price for a GTA condo climbs nine per cent: TREB

The average selling price for condominium apartments sold in Q1-2018 was up by nine per cent year-over-year to $533,447, according to the TREB.
affordable rental housing

TREB releases market data on GTA condo rentals

Toronto Real Estate Board President released market data on GTA condo rentals, noting that average rents were up well above the rate of inflation on a year-over-year basis in the first quarter of 2018
new home sales

National home sales recover slightly in March

According to statistics recently released by the Canadian Real Estate Association, national home sales climbed 1.3 per cent from February to March 2018.
vacant dwelling tax

Vacant dwelling tax deemed costly to collect

Much of the data that might indicate if a unit is vacant comes from fragmented sources, is not currently collected or inaccessible due to privacy issues, and is frequently inconclusive.
LED incentives

LED incentives still relevant in U.S. market

Halogen and incandescent bulbs still garner strong sales for residential purposes, while LEDs are gaining market share through displacement of compact fluorescent lamps.
Horizon North

Canadian housing starts trend stable in March

According to CMHC, March 2018 delivered stable housing starts with 226,842 units compared to 225,804 units in February.
public registry

CAO launches public registry of condo corporations

The Condominium Authority of Ontario (CAO) officially launched its public registry of condo corporations on April 1, 2018.
new home sales BILD

GTA home sales fall 39.5 per cent YOY in March

There were 7,228 home sales in the GTA in March 2018, a 39.5 per cent decline compared to the record 11,954 home sales in March 2017, according to the TREB.
fellows

Vancouver home sales fall nearly 30 per cent in March

In March 2018, the Real Estate Board of Greater Vancouver reported 2,517 residential home sales, down 29.7 per cent compared to March 2017's 3,579 sales.
electric vehicle charging

Electric vehicle charging regs green-lit for May

It will become easier to install electric vehicle charging stations on condo properties in Ontario starting this spring.
Quebec and Newfoundland

Quebec and Newfoundland proffer homebuyer funds

Provincial budgets, released in both provinces on March 27, outline different approaches to financial assistance that's projected to benefit about 430 recipients in Newfoundland and 47,000 in Quebec.
home sales forecast home sales activity

Home sales activity to fall 7.1 per cent this year: CREA

The Canadian Real Estate Association (CREA) has updated its forecast for national home sales activity for 2018 and extended the outlook to 2019.
licensing

Deadline to apply for condo manager licence to close

The deadline to apply for the licences that are now mandatory to continue providing condo management services in Ontario closes on Friday, March 30.
new home sales BILD

BILD reports higher prices for new homes in GTA

According to the Building Industry and Land Development Association (BILD), the prices of new homes in the GTA showed few signs of slowing down in February.
GTA home sales

National home sales decline further in February

Canadian home sales fell 6.5 per cent month-over-month in February, according to statistics released by the Canadian Real Estate Association (CREA).
electric vehicle

Vancouver adopts 100 per cent EV-ready policy

Vancouver is now one of the first cities in North America to adopt a 100 per cent EV-ready policy for all new multi-unit residential buildings.