Industry News

Lake Suites

Greenland Group (Canada) set to launch Lake Suites

Greenland Group (Canada)’s second tower at its Lakeside Residences master-planned community, called Lake Suites, is set to launch this fall.
condo laws

Minister signals plans to strengthen condo laws

Bill Walker, Ontario’s new minister of government and consumer services, signaled plans to strengthen the province’s condo laws last week.
construction housing starts trend

National housing starts trend decreases in October

The trend in housing starts was 206,171 units in October 2018, down from 207,809 units in September 2018, reports Canada Mortgage and Housing Corporation.
Bentall Kennedy Montreal

Montreal home sales up 11 per cent annually

In October 2018, Montreal recorded 3,731 residential sales, an increase of 11 per cent year-over-year, reports the Greater Montreal Real Estate Board.
housing market

CMHC predicts housing market activity to moderate

According to CMHC’s 2018 Housing Market Outlook, housing markets in Canada should see a moderation in both housing starts and sales in 2019 and 2020.
GTA condominium apartment sales Q3-2018

New GTA condo prices climb 11 per cent in Q3-2018

New condominium apartment sales in the GTA rose four per cent year-over-year to 4,738 units in Q3-2018, according to Urbanation’s Q3-2018 market results.
condo

New minister picks up condo file in cabinet shuffle

There’s a new point person on the condo file in Ontario’s Progressive Conservative government after a cabinet shuffle yesterday.
condo managers

Continuing education prescribed for condo managers

Some condo managers who want to renew their licences next year will have to pass a test to prove they are current on Ontario’s condo laws.
Club Sportif MAA

Devimco selected for Montreal mixed-use project

Devimco Immobilier has been selected by Club Sportif MAA to develop a mixed-use condominium project on Peel St., just south of Sherbrooke St. in Montreal.
luxury home sales condominium apartments

Canada’s luxury condo market thrives as house sales falter

Sales of luxury condominium apartments in the $1-2 million range continue to thrive in urban centres, according to the RE/MAX Spotlight on Luxury Report.
8 Cumberland

Great Gulf breaks ground on 8 Cumberland

Great Gulf recently broke ground on 8 Cumberland, a modern 51-storey high-rise condominium located in Toronto’s Yorkville neighbourhood.
housing market

National housing market remains vulnerable: CMHC

Canada’s housing market remains highly vulnerable, yet conditions of overvaluation are slowing overall, notes CMHC’s most recent Housing Market Assessment.
investment GTA new home market

GTA new home market rebounds in September

The GTA new home market experienced improvements in new project openings and new home sales in September compared to the previous month, reports BILD.
EV

Condo paves way for EV charging on large scale

One Bedford Condo in Toronto is now equipped to support electric vehicle (EV) charging in just about every exclusive-use space in its parking garage.
mortgage financing stress test

Mortgage financing stress test makes the grade

Among the continuing concerns, some lenders are still relying on the equity of the property, rather than the borrower's ability to repay the loan.
condominium affordability

Affordability main concern as real estate sector focuses on supply

Developers, investors, lenders and experts are cautiously optimistic about the real estate sector, according to a recent report from PwC Canada and ULI.
carbon pollution amnesty

Feds foil carbon pollution amnesty efforts

Surcharges will apply to 22 different fuel types, but most consumer expenditure is expected to go to gasoline and natural gas price add-ons.