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Industry News

T.O. tops residential construction market ranking

Across Canada, there were 213,683 homes under construction at the end of Q2 2014, reports BuzzBuzzHome. The Toronto metro area ranked first on a list

Altus Group acquires RealNet Canada

Altus Group Limited, a provider of real estate consulting and advisory services, software and data solutions, recently announced its acquisition of RealNet Canada Inc., a

Q2 condo sales outpace increased listings: TREB

According to the latest data from the Toronto Real Estate Board (TREB), Q2 condo sales rose 10.4 per cent, outpacing a 4.4-per cent increase in
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GTA new home sales up from last year in June

The Building Industry and Land Development Association (BILD) recently reported that a total of 4,608 new home sales were recorded for the GTA in June,

Mixed-use condo planned for Toronto Beaches

The Beech House, a 95-unit mixed-use condo complex, will call Toronto’s Beaches community home in September 2017, if all goes according to plan. The five-storey

Canadian house prices overvalued, says Fitch

Canadian home prices remain approximately 20 per cent overvalued, according to Fitch Ratings’ (Fitch) sustainable home price model. In a July 14 press release, the

Toronto condos to get smartphone controls

Condo developer Canderel Residential recently announced a partnership with Samsung to make its 66-floor YC condominium development “smart.” Coined the Canderel Digital Home, a True

Condo with apple orchard planned for Calgary

Lamb Development Corp. recently revealed plans for an innovative condo development, known as The Orchard on Twelfth, in downtown Calgary. Slated for a 61,000-square-foot site,

Eau Claire condo sale breaks Calgary records

A luxury condo sale in Eau Claire has broken MLS records in Calgary, according to an article by Mario Toneguzzi of the Calgary Herald. The

National housing starts up in June: RBC

According to a report from the Royal Bank of Canada, Canadian housing starts increased by 0.6 per cent in June 2014, to 198,200 annualized units,

Toronto condo community enters third phase

River City, a new sustainable condominium community in Toronto’s West Don Lands neighbourhood, is now entering its third phase of development, known as RC3. Saucier

Toronto condo prices soar in June: TREB

In June, Toronto residential sales increased by 15.4 per cent, year-over-year, to 10,180 transactions, according to the Toronto Real Estate Board. At the same time,

Average national house price increases in Q2

According to the Q2 Royal LePage House Price Survey, the average Canadian home price increased between 3.9 and 5.2 per cent in the second quarter

Manitoba proposes new condo legislation

Manitoba’s Tourism, Culture, Heritage, Sport and Consumer Protection Minister Ron Lemieux has announced a proposed new Condominium Act. The proposed legislation, which would take effect
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Canadian housing market slowing down, says RBC

The Canadian housing market is forecast to slow later in 2014, according to the latest Economic and Financial Market Outlook report from RBC Economics. Construction

Canadian housing starts up in May: BMO

According to the Bank of Montreal, Canadian housing starts reached 198,300 units in May, up from 196,700 in April. Robert Kravcic, Senior Economist at BMO,

Vancouver condo 75 per cent recycled

Image Development Inc., a condominium developer based out of Vancouver, has launched its low-rise development, Marquee on the Drive, at 2250 Commercial Drive in Vancouver.