Industry News
Condos are outpacing other housing in the GTA
A report from TD Economics says that condos are outpacing other housing in the GTA, with three condos being built for every detached home.
Victoria’s most expensive condo sold
Victoria's most expensive condo, located in the James Bay neighbourhood, has been sold for $5 million. The sale broke a new record for the city.
Affordable Calgary condos boost sales activity
According to the CBRE, affordable Calgary condos have led to significant year-over-year sale increase in the first two months of 2014.
Canada’s housing affordability under pressure
According to RBC', the costs of home ownership will gradually outpace incomes in 2014, putting pressure on Canada's housing affordability.
CMHC mortgage insurance premiums set to rise
The CMHC will increase its mortgage loan insurance premiums for homeowners and one to four unit rental properties on May 1, 2014.
Toronto condo rental supply to exceed demand
The supply of Toronto condo units for rent will exceed demand by about 1,000 homes per year, according to a new report.
World Housing uses condo proceeds for charity
A new program from World Housing is asking condo developers to donate money from unit sales to build housing for international communities in need.
Canadian housing market is overvalued: Report
The Canadian housing market is overvalued by about 20 per cent, according to recent analysis from Fitch Ratings.
New mixed-use project in Quebec City on the way
A new mixed-use project in Quebec City will feature condos, renal units and commercial space. The development, dubbed Project QB, will begin in summer 2014.
Expert attributes smaller condo sizes to HST
In a recent radio interview on AM640, RealNet president George Carras identified a growing trend in smaller condo sizes throughout the Greater Toronto Area.
Greater Toronto Area condo sales on the rise
Greater Toronto Area condo sales saw a 21 per cent year-over-year increase in the fourth quarter of 2013, according to the Toronto Real Estate Board.
Calgary condo market exceeds expectations
A recent report by the Altus Group found that the Calgary condo market exceeded expectations in 2013, featuring strong demand and increased prices.
Van. program lets buyers trade cars for condos
A new program from Vancouver's InGastown development lets participants trade in their cars and put the value towards a condo down payment.
Report predicts stable Quebec condo market
According to the QFREB, the Quebec condo market will remain stable throughout 2014, and will ultimately favour buyers.
Alberta unveils New Home Buyer Protection Act
Buyers in Alberta will now receive mandatory warranty protection under the New Home Buyer Protection Act.
Toronto ranks first in high-rise development
With 130 projects slated for 2014, Toronto is still the North American city to beat when it comes to high-rise developments.
Vancouver penthouse was biggest sale of 2013
A two-story Vancouver penthouse clocked in as Canada's most expensive property sold in 2013 after going for $25 million.
