Industry News
Demand for Calgary condos fuels launch success
According to market analysts, condo demand is outpacing supply in the Calgary area. This is good news for Anthem Properties Group (Anthem), a Western Canadian developer who just launched the third phase of Waterfront, a condominium development located at 216 Riverfront Ave SW in Calgary, A.B. The grand opening, which took place last week, allowed the developer to sell 252 of 288 units, the highest number to sell during a grand opening since the recession.
New green condo planned for Laval
Urbania 2, a new condominium development in Laval, Q.C., will focus on environmental sustainability and green building. Initially, the development will feature 212 condo units and 16 floors. However, once completed, it could include up to six buildings and 1,150 units.
First-time homebuyers wait for financial stability
A new survey from the Canadian Association of Accredited Mortgage Professionals (CAAMP) suggests that first-time homebuyers are waiting to become financially stable before purchasing a
Ontario housing starts decline in October: CMHC
According to the latest Preliminary Housing Starts data from the Canada Mortgage and Housing Corporation (CMHC), the total number of Ontario housing starts declined from
Montreal condo prices grow in October: GMREB
Condominium sales have decreased in October, year-over-year, in the Montreal area while prices have grown, says the Greater Montreal Real Estate Board (GMREB). According to
Office condo to be first of its kind in Ottawa
Ottawa will soon have its first Class A commercial condominium tower, Cathedral Hill Executive Office Condos, complete with customizable floor plans, shared boardrooms, common showers
Calgary moves toward six-storey wood frame
Following in the footsteps of jurisdictions in Ontario, British Columbia and Quebec, the City of Calgary announced that it will accept building permit applications for six-storey wood frame buildings, effective October 29. Currently, Alberta’s provincial Building Code stipulates that wood-frame construction is limited to four storeys.
Housing starts to remain steady in 2015: CMHC
According to the latest Housing Market Outlook from the Canada Mortgage and Housing Corporation (CMHC), 2015 housing starts are forecast to hold steady with starts in 2014. Based on economic and demographic trends, housing starts are expected to reach an average of 189,000 units in 2014. For 2015, housing starts are forecast at 189,500 units.
Montreal’s Ogilvy Warehouse converts to condos
The Ogilvy Warehouse Condominiums, a 54-unit loft-style development, will open in downtown Montreal in 2016.
More high rise construction on the GTA’s horizon
Canada Mortgage and Housing Corporation (CMHC) released its Fall Housing Market Outlook report for the Greater Toronto Area (GTA) noting that home starts are set to increase by almost eight per cent to 36,000 units in 2015 before moderating to 34,750 units in 2016.
Strong condo sales in the GTA in Q3: report
Urbanation Inc., a leading source of information and analysis on the Toronto condominium market, released its Q3-2014 market results at the end of October highlighting that a total of 4,753 new condominium apartments were sold across the Greater Toronto Area during Q3-2014
Condo with automated parking coming to Calgary
According to CREB, a new luxury condo with a unique, automated parking system will call Calgary’s Mission neighbourhood home in 2017.
T.O. condo sales exceed 10-year average: BILD
New home and condo sales in the GTA are performing above average, according to the Building Industry and Land Development Association (BILD)
Mandatory recycling set for Calgary condos
Beginning in February, 2016, recycling will be mandatory in condominiums and apartment buildings throughout Calgary, provided city council approve proposed amendments to the Waste & Recycling bylaw
OSC steps up efforts for women in boardrooms
All listed companies in Canada, besides Alberta and British Columbia, will soon be required to disclose targets for the number of women they want in high-ranking
Local companies form strategic alliance
MADY Development Corporation announced a collaboration with EllisDon Corporation in an effort to further extend the typical general contractor offering and better support the delivery of superior high-rise commercial and residential services.
Canadians choose Canada for vacation properties
A recent survey by Point2 Homes found that 73 per cent of Canadian respondents are intending to purchase vacation properties in the next five years; with half of those respondents preferring Canadian locations over warmer locales.


