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Industry News

CREA optimistic about 2015 housing market

As of March 2014, the Canadian Real Estate Association (CREA) expected that interest rates in the Canadian housing market would increase in the second half

CMHC adjusts mortgage insurance business

The Canada Mortgage and Housing Corporation (CMHC) has completed its review of the homeowner and multi-unit mortgage loan insurance business and has made two changes.

June named Smoke-Free Housing Month in B.C.

The Heart and Stroke Foundation of B.C. & Yukon and the B.C. Lung Association have named June Smoke-Free Housing Month.

Canadian housing affordability down in Q1

RBC reports that overall Canadian housing affordability was down in the first quarter of 2014. But condos fared slightly better than other housing types.

Builders to regulate activity in 2014: CMHC

According to the latest CMHC Housing Market Outlook, builders are expected to adjust building activity in 2014 and 2015 in order to manage inventory levels.

Canadians lack mortgage literacy: survey

A new survey from LAWPRO found that 61 per cent of Canadians don't know where to turn if they can’t pay their mortgage.

New design unveiled for Gehry-Mirvish towers

The new design of Toronto's proposed Gehry-Mirvish towers feature two residential skyscrapers that rise 92-stories and 82-stories respectively.

Top 10 ‘hoods for condo construction in Toronto

Buzz Buzz Home reports that the Entertainment District has the highest level of condo construction in Toronto. Buzz Buzz Home used a Market Snapshot tool in conjunction

Alberta amends bill to protect condo owners

The Government of Alberta has introduced The Condominium Property Amendment Act to better protect the rights of condo owners within the province.

Toronto condo rentals increase in first quarter

Urbanation reports that the number of Toronto condo rentals increased by 13.5 per cent in first quarter of 2014 compared to last year.

Manitoba looks to protect home buyers, sellers

Manitoba has proposed new legislation that would ensure fairness and transparency for families buying or selling homes.

Construction starts on luxury Oakville condo

Construction has started on The Randall Residences, a luxury condominium development in Oakville, which aims to revitalize the historic core.

Montreal industrial market lagging: Report

A new report from Jones Lang LaSalle says that the Montreal industrial market is lagging, which it attributes to Quebec's recent election.

Toronto MLTT seen as barrier to buying a home

A survey from the Ontario Real Estate Association found that the majority of people see the Toronto municipal land transfer tax as a barrier to buying a home.

Toronto developer sued for misrepresentation

The developer of Toronto's Emerald City Condominiums is facing a class action lawsuit totaling $30 million for misrepresentation in their advertisements.

Ontario commute times longest in the country

Ontario commute times are the highest in Canada. And at an average of 65.6 minutes, Torontonians have the longest commute of all.

Toronto condo sales up in first quarter

Urbanation reports that there were 5,140 new Toronto condo sales in the first quarter This is up from 2,728 during the same period in 2013.