Industry News

home

Fewer buyers desire move-in-ready home

Affordability was the most important necessity for the majority of home buyers this year, according to CMHC's annual Mortgage Consumer Survey.
home sales

National home sales remain stable in October

National home sales held steady from September to October 2019, according to statistics from the Canadian Real Estate Association.
home sales

GTA home sales up since last October: TREB

Greater Toronto Area realtors reported 8,491 home sales through the MLS System in October 2019, according to the Toronto Real Estate Board.
Mortgage

BCCA launches mortgage solution for workers

BCCA has launched a mortgage investment corporation (MIC) to make securing a mortgage easier for B.C.’s skilled tradespeople and other in-demand workers.
Condominium Property Regulation

Alberta to review Condominium Property Regulation

The Alberta government has prioritized funds to review what it considers "ongoing dysfunction" in the province’s real estate industry.
condo towers

Pharrell Williams designs condo towers for Toronto

Reserve Properties and Westdale Properties have teamed up with singer-songwriter Pharrell Williams on a condo development at Yonge and Eglinton.
Alberta revenue boost

New fees and taxes spell Alberta revenue boost

New budget announces plans to double various land title fees, apply the 4 per cent tourism levy on online short-term rental transactions and bring all public sector pension fund investment management back under AIMCo's purview.
Tarion

Auditor report reveals critical oversights at Tarion

Ontario’s auditor general has released a report of recommendations for improving processes and standards at Tarion Warranty Corporation.
Distillery District

No. 31 condo coming to Toronto’s Distillery District

No. 31 will be a 41-storey residential tower at 31 Parliament Street in the Distillery District.
residential sales

Quebec residential sales hit new Q3 record

Residential sales in Quebec’s real estate market hit a new high in the third quarter, one that hasn't been seen Q3 2003.
condominium apartment

GTA realtors report condo sales up

Greater Toronto Area realtors reported 6,407 condominium apartment sales through TREB's MLS system during the third quarter of 2019.
Tarion

New Tarion measures to inform future home buyers

Tarion has unveiled new measures that attempt to help consumers make more educated decisions when buying a home.
unsolicited infrastructure bids

Ontario creates web portal for unsolicited infrastructure bids

The private sector can now share their expertise on public infrastructure needs through unsolicited bids submitted online to the Ontario government.
newcomers

Newcomers to boost demand for residential units

Newcomers to Canada are expected to buy 680,000 homes over the next five years, according to a Royal LePage survey released today.
safety standards

TSSA aims to improve compliance with safety standards

The Compliance Support Program will be offered to all operators and owners regulated by Ontario’s Technical Standards and Safety Authority.
national home sales September 2019

September sees national home sales rise: CREA

National home sales rose 0.6 per cent month over month in September, according to statistics released today by CREA.
infrastructure report

Infrastructure report calls for urgent investment

Canada’s public infrastructure requires urgent attention in order to reverse the current state of disrepair, according to latest report.