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Industry News

Stalled economic growth worries central bankers

Bank of Canada Governor Stephen Poloz suggests the economy is now on two distinct growth tracks, but acknowledges that hits in the resource sector ripple out to other industries.

Record number of GTA condo units rented in Q2

The number of GTA condo units rented through the MLS system during the second quarter of 2015 surged to a record-setting 8,200, reports Urbanation.

Canada’s top 10 condo management companies

Thank you to those companies that submitted information for our 2015 ranking of condo management companies in Canada. We appreciate your input. Every effort has

$4.385-mil equity financing for T.O. development

Greybrook announced on July 6 the successful closing of a $4.385-million equity financing for a mid-rise condo development in Toronto's Willowdale area.

$22.4-mil equity financing for T.O. development

Greybrook Securities Inc. and Greybrook Realty Partners Inc. announced on July 6 the successful closing of a $22.4-million equity private placement offering of units of the

Housing starts trended upward in June: CMHC

The Canada Mortgage and Housing Corporation (CMHC) reports that in June, the trend measure of Canadian housing starts rose to 183,959 units.

GTA home sales set new all-time high for June

The Toronto Real Estate Board (TREB) reported 11,992 sales through the Multiple Listing Service (MLS) system for June 2015, breaking records for the month.
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Metro Vancouver saw record home sales in June

Last month was record-breaking for the Real Estate Board of Greater Vancouver (REBGV), which reported its highest sales ever for the month of June.

Saskatchewan introduces online condo resource

The massive growth in Saskatchewan's condo sector over the last decade has prompted the provincial government to develop a new online condo resource.

Ontario allows e-signatures on real estate docs

Effective July 1, 2015, electronic signatures are legally equivalent to signatures on paper documents in Ontario real estate transactions.

Adjustment likely in T.O. condo market: CIBC

A CIBC report predicts that subsiding rental demand and increasing condo supply will likely lead to an impending adjustment in Toronto's high-rise market.

CCI celebrates proposed condo law reforms

The Ontario Caucus of the Canadian Condominium Institute, or CCI, recently welcomed the provincial government’s proposed Protecting Condominium Owners Act.

ASHRAE standard 188 targets legionellosis risk

The new ANSI/ASHRAE Standard 188-2015, outlining legionellosis risk management procedures for building water systems, is the product of four rounds of public review since July 2010.
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May sees stronger Canadian home sales: CREA

May 2015 was the fourth consecutive month where Canadian home sales showed an increase over the previous month, says the Canadian Real Estate Association.
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Metro Vancouver home sales up over last May

The Metro Vancouver market remained competitive in May, leading to upward pressure on home prices, especially in the detached home segment.

GTA home sales continue at record pace in June

Realtors have reported 5,661 GTA home sales through the Toronto Real Estate Board (TREB) MLS System between June 1 and 14.

Canadian developer to build condos in Honduras

Now under construction, Calm Waters Resort is a new Honduras project featuring condos and villas from the Canadian-based IsleVision Investment Group.