Industry News
CREA updates its Canadian home sales forecast
The Canadian Real Estate Association (CREA) has updated its home sales activity forecast for 2015 and 2016.
First-time buyers big drivers of housing market
First-time buyers are significant drivers of the current housing market, according to CAAMP's new spring report.
Multi-unit segment drives May housing starts
Multiple starts in Ontario, Quebec and the Atlantic region drove a modest uptick in the trend measure of housing starts in May, according to CMHC.
Company faces $70,000 fine after worker injury
A judge imposed a $70,000 fine on a concrete formwork company on June 4 in connection with a worker injury.
GTA home sales set new May record: TREB
The number of GTA home sales that occurred last month set a new May record, reports the Toronto Real Estate Board (TREB).
Two-alarm condo fire destroys four suites
Fire crews spotted thick smoke en route to a condo fire at the 2200 block of 1st Street SW in Calgary that prompted multiple 911 calls on May 26.
Prime Toronto site acquired for development
Fortress Real Developments has acquired a sought-after residential site known as "Brookdale on Avenue Road."
Market to lure foodies to North Van waterfront
The developer of a mixed-use, master-planned community on North Vancouver’s waterfront sees it as a future draw for foodies and related business ventures. Concert Properties
Condo fire causes $16.3-mil in damage
Edmonton Fire Chief Ken Block is raising awareness about the risks of smoking materials on balconies after a condo fire caused $16.3-million in damage.
Arrest made in alleged $4.1-mil condo fraud
A St. Catharines man has been arrested and charged in connection with the alleged defrauding of 13 local condo corporations of $4.1-million.
Local condo investors take long view: CMHC
A majority of local condo investors in Toronto and Vancouver reported plans to hang onto the last secondary condo unit they bought for more than five years.
Economist downplays Canadian household debt
A noted Canadian economist argues that record household debt levels pose few threats in light of borrowers' healthy net worth, gains in asset value and projected continued low interest rates.
BOMA Toronto celebrates building excellence
About 500 real estate professionals gathered at the Ritz-Carelton Hotel in downtown Toronto on May 15 for BOMA Toronto’s 17th annual Celebration of Excellence Awards Gala.
Early May sales increased over last year: TREB
Greater Toronto Area REALTORS® have reported a 9.6 per cent year-over-year increase in home sales during the first two weeks of May, according to TREB.
LEED certification ups condo resale prices: TD
LEED certification boosts the resale price of a Toronto condo anywhere from five to 14 per cent, according to a special TD Economics report released May 12.
National home sales saw seasonal surge in April
Last month, national home sales returned to the levels observed during much of the second half of 2014, the Canadian Real Estate Association reported May 15.
NYC bumps Toronto as new multi-res leader
New York City now has more multifamily units under construction than any city in North America, bringing Toronto's reign over urban construction to an end.



