The 4,060 Greater Vancouver home sales recorded on MLS® in March marked a 53.7-per-cent increase compared to the same period last year, reported the Real Estate Board of Greater Vancouver (REBGV).

The 8,940 GTA home sales recorded last month marked an 11-per-cent uptick in activity compared to March 2014, said Paul Etherington, president of TREB.

A soft landing is on the horizon this year for the condominium markets in eight major Canadian cities, according to a Conference Board of Canada report commissioned by Genworth Canada. Released March 26, the Winter 2015 Metropolitan Condo Outlook forecasts modest sales gains in most of the subject cities.

The deaths of two workers after a scaffolding collapsed at a Toronto construction site last week prompted the Provincial Building and Construction Trades Council of Ontario

Tridel and Concert Properties are among the high-rise finalists selected for the 2015 Tarion Awards of Excellence, recognizing superior customer service. Organized by Tarion Warranty

A recent survey from TD Canada Trust (TD) found that millennials are more likely to choose an urban lifestyle while older generations tend to gravitate to small towns or rural settings. Across the board, each age group believed that suburbs were the ideal neighbourhood in which to raise a family, although Gen Y individuals indicated an interest in staying in the city if family-sized condo options were available and attainable.

A new condominium development, designed to offer affordable home ownership opportunities for Toronto residents, has officially opened at 35 Saranac Blvd. in Toronto, Ont. The 341-unit project, known as Cranbrooke Village, was financed through the City of Toronto’s Home Ownership Assistance Program (HOAP) in collaboration with Options for Homes and sister organization Home Ownership Alternatives.

For the first time since 2012, low-rise sales have outpaced high-rise sales in the GTA for the first two months of the year, according to the Building Industry and Land Development Association (BILD). Up nine per cent from last year, new high-rise sales reached 1,333 units in February while low-rise sales totaled 1,465 units, a 17 per cent year-over-year increase.

The Canadian Real Estate Association (CREA) has released its monthly sales statistics and national home sales increased by one per cent from January to February 2015. Greater Vancouver, the Okanagan region, and Greater Toronto led the nation’s sales while over half of other local markets posted declines.

As oil prices continue to decline and the Canadian dollar weakens, the Canadian Real Estate Association (CREA) has adjusted its 2015 resale housing forecast and extended it to 2016. The national forecast has been revised to reflect fewer sales. Currently, CREA is forecasting a total of 475,700 unit sales in 2015, an annual decline of 1.1 per cent.

In partnership with Mizrahi Developments, London-based Foster + Partners recently unveiled their design plans for "The One," a development which, if approved by City Council, will feature Canada's second tallest tower next to the CN Tower. Following a successful approval process, the 80-storey mixed-use development will be constructed at 1 Bloor St. W, the site of Toronto’s historic Stollerys retail shop.

A new report from the International Monetary Fund (IMF) is raising concerns about the stability of Canada’s housing market. According to the global economy forum, Canadian household debt levels are among the highest recorded in Western countries.

According to data from the Ottawa Real Estate Board, a total of 853 residential properties were sold in Ottawa during the month of February, a decrease of 1.7 per cent from the year prior. The sales figure is also below the five-year average for February, which is 914 units.

According to the latest residential real estate statistics from the Greater Montreal Real Estate Board (GMREB), condo sales in the Montreal Census Metropolitan Area (CMA) increased by three per cent, year-over-year, in February. Total residential sales, which includes single-family homes, plexes, and condominiums, reached 3,281 units in February, a figure representing no change from the year prior.

Multi-unit urban housing starts reached 86, 214 units in February, shifting downward from the 115, 123 starts reported in January, according to the Canada Mortgage and Housing Corporation’s latest Preliminary Housing Start data. In eight of the ten Canadian provinces, all housing types experienced a decline in month-over-month housing starts.

A new report from Fortress Real Developments (Fortress) revealed that two-thirds of market experts agree that a major housing correction is not in the cards for Canadians over the next five years. In fact, the report, which sourced data from a variety of professional resources, said that analysts could not agree when it came to defining a “housing bubble.”

Through the Homeowner Protection Act, the Government of B.C. is establishing new requirements for home builders specializing in the construction of single-family homes and small residential buildings. In order to renew their licences on an annual basis, home builders will be required to take continuing education courses in professional development as it relates to residential construction.