Industry News

Queen's Park

Todd Smith picks up condo file in cabinet posting

Todd Smith, MPP for Prince Edward-Hastings, has been named Minister of Government and Consumer Services in Ontario Premier Doug Ford’s cabinet.
affordable housing condominium apartments

GTA condo prices climb 5.4 per cent year-over-year

The TREB reports the average selling price for condominium apartments in the Greater Toronto Area has increased by 5.4 per cent year-over-year to $561,338.
national home sales

National home sales rise 4.1 per cent in June

According to recent statistics from the Canadian Real Estate Association (CREA), national home sales climbed 4.1 per cent from May to June 2018.
retrofit financing

Toronto may extend reach of retrofit financing

Toronto Council is considering opening up a loan fund for energy upgrades to a larger pool of borrowers, including private sector landlords, condo corporations, health care and educational facilities.
new home sales BILD condo sales

GTA home sales climb 17.6 per cent in June

The GTA saw 8,082 home sales in June 2018, an increase of 2.4 per cent year-over-year. Compared to May 2018, sales were also up by 17.6 per cent.
ULI Toronto

ULI Toronto announces new Management Committee members

The Urban Land Institute (ULI) Toronto has named three influential industry professionals that will helm its Management Committee.
housing approvals

Streamlined approvals to provide faster housing: report

A new RESCON report finds that there are ways to increase the speed and efficiency of housing approvals, which will help provide more housing supply.
AVLI on Atlantic

Calgary’s AVLI on Atlantic offers customizable units

AVLI on Atlantic, a new development in Calgary’s Inglewood neighbourhood, is providing unit owners with the opportunity to design their own living space.
RAW X RAW Design

RAW Design celebrates 10 years with annual installation

On June 27, Toronto-based architecture firm RAW Design celebrated its 10th anniversary with RAW X, its annual summertime installation.
new home sales BILD condo sales

Stronger condo sales boosted GTA’s new home market in May

In May, the GTA’s new home market saw condo price increases with condo sales close to the 10-year average and remaining condo apartment inventory falling.
The Humber

Options for Homes to launch Toronto’s first smoke-free condo

Non-profit developer Options for Homes is launching its latest development, The Humber, which is set to become Toronto’s first smoke-free condo building.

BILD flags housing as municipal ballot-box issue

BILD is flagging housing as a ballot-box issue in the Greater Toronto Area’s upcoming municipal elections.
Graywood Developments

Developer doubles down on West St. Clair West

With shovels in the ground on its sold-out SCOOP project, the developer has unveiled plans for another mid-rise condo in the neighbourhood.
home sales

Vancouver home sales slide 35.1 per cent in May

Home sales in Metro Vancouver continued to decrease in May 2018, reports the Real Estate Board of Greater Vancouver (REBGV).
NEST Condos

The Brivia Group launches NEST Condos in Montreal

The Brivia Group recently launched NEST Condos, a new project slated to rise in downtown Montreal at 1198 Crescent St., at the corner of René-Lévesque Blvd.
construction housing starts trend

National housing starts trend down in May

The trend in housing starts was 216,362 units in May 2018, down from 225,481 units in April 2018, reports Canada Mortgage and Housing Corporation.
Doug Ford

Don’t widen municipal land transfer tax: OREA, TREB

Last week, OREA and TREB jointly called on MPP candidates vying for seats in the York Region to reject requests to expand the municipal land transfer tax.