Industry News

discipline committee

CMRAO looks to fill discipline committee seats

The Condominium Management Regulatory Authority of Ontario (CMRAO) is accepting applications to sit on its discipline and discipline appeals committees.
home sales forecast

Canadian home sales climb in December

According to the CREA, national home sales rose 4.5 per cent from November to December, the fifth consecutive monthly home sales increase.
Ben Myers

Ben Myers launches residential real estate advisory firm

Veteran real estate analyst Ben Myers has launched Bullpen Research & Consulting Inc., a boutique residential real estate advisory firm.
housing market

Home prices expected to climb 2.5 per cent in 2018

RE/MAX recently released its 2018 Housing Market Outlook, which identifies which housing market trends we are expected to see in 2018.
demand for vacation rentals

Demand for vacation rentals grew in 2017

Accommodations in Whistler, B.C. and Blue Mountain, Ontario, were the top draws among approximately 11,000 advertised Canadian destinations.
income and housing security

Income and housing security top senior concerns

Canada's largest seniors' advocacy organization is prioritizing housing needs for different stages of aging among five key issues it plans to champion this year.
rent control in Ontario condo sales

GTA condo rents surge nine per cent in Q4

According to Urbanation Inc., the number of condo units leased in Q4-2017 fell 11 per cent year-over-year as listings dropped by 16 per cent.
new home sales

GTA new home sales slow in November: BILD

New home sales in the GTA fell slightly in November as condos continued to comprise most of the sales and a record low number of new single-family homes were sold, finds BILD.
BC Road builders

BC Road Builders announce 2018 board of directors

The BC Road Builders and Heavy Construction Association has announced its 2018 board of directors including Todd Strynadka as the new chair.
condo management

Ali Arlani to lead condo management regulator

Ali Arlani will become CEO and registrar of the Condominium Management Regulatory Authority of Ontario (CMRAO) on Jan. 15.
inclusionary zoning

Ontario announces Inclusionary Zoning framework

Ontario's Inclusionary Zoning framework would allow municipalities to require the inclusion of affordable housing units in new development projects.
condo

Unregistered condo corps could face late charges as of March

Condo corporations that do not register with the Condominium Authority of Ontario by Feb. 28, 2018, may face late charges.
housing market forecast prediction

National home sales expected to dip in 2018: CREA

The Canadian Real Estate Association has updated its housing market forecast for sales activity in 2017 and 2018, predicting lower sales activity in 2018.
prompt payment Bill 142

Ontario passes legislation to strengthen consumer protection

The Ontario government recently passed the Strengthening Protection for Ontario Consumers Act to strengthen protection for home buyers.
Greenbelt

Ontario seeks public input on Greenbelt expansion

Ontario has launched a public consultation on further expanding the province’s Greenbelt in the Greater Golden Horseshoe.
GTA home sales

National home sales continued to climb in November

November 2017 saw national home sales rise for the fourth month in a row, up 3.9 per cent from October, according to statistics released by the Canadian Real Estate Association (CREA).
Bill 104 land-use planning

Ontario legislation replaces OMB with local appeal panels

Earlier this week, the Ontario government passed the Building Better Communities and Conserving Watersheds Act, 2017, legislation that will provide communities with a stronger voice in land-use planning.