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
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
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.



