CondoBusiness - Industry News
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Industry News

condo sales

April condo sales decline by 30.4% across GTA

Homes sales across the Greater Toronto Area were down in April by 23.3 per cent year-over-year.
Competition Bureau continues to probe Quebec MLS oversight

Competition Bureau probes Quebec MLS oversight

The Competition Bureau of Canada is continuing to investigate the Quebec Professional Association of Real Estate Brokers’ control of the multiple listing service (MLS) and real estate transaction data.
The Evergreen

The Evergreen condo to adjoin historic church in Ottawa

The condo will be a net-zero operational carbon building and respect the heritage elements of the church.
Almadev

Almadev breaks ground on LSQ community

A 15-acre transit-connected development started construction in North York last week.
Métis

Manitoba Métis Federation opens mixed-use residence

While the 77,900-square-foot property is the first of its kind for the MMF, it will be a template for other developments.
Arkfield

Arkfield acquires townhouse site in Richmond Hill

The site is approved for 44 townhouses.
Quebec

GTA home sales reach dire low

New home sales in the Greater Toronto Area mark the sixth consecutive month of record all-time lows.
short-term rental

BC short-term rental rules now in effect

In an effort to bring more long-term housing to market, all short-term rental listings in BC must now be registered with a provincial registration number.
Elevator safety enforcers to impose new fines

Elevator safety enforcers to impose new fines

Inadequately monitoring elevator technicians’ credentials could have financial consequences for multifamily landlords, condominium corporations and long-term care home and student residence operators in Ontario.
home

Mississauga advances housing development efforts

Despite market challenges, Mississauga anticipates 11,600 residential units progressing to building permit applications shortly, greatly surpassing those submitted in 2024.
Guelph

Guelph greenlights taller residential buildings

The City of Guelph will now allow taller buildings in the downtown and Stone Road/Edinburgh Road areas to boost housing supply.
new home

Vancouver’s unsold condo inventory could surge by 60%

Nearly 3,500 new condo units in Vancouver could remain unsold this year as completions outpace demand.
Quebecers

Quebecers most optimistic about Canadian economy

All Quebec markets recorded year-over-year price gains in the first three months of the year.
rental housing gap

New GTHA condo sales slowest in decades

New condo sales in the Greater Toronto Hamilton Area are the slowest in more than 30 years.
heat pumps

B.C. making multi-res heat pumps more affordable

Electric heat pumps are becoming more accessible for renters and other multi-residential occupants across British Columbia.
the CAT

CAO launches consumer protection and compliance policy

The CAO launched a new policy that details its approach to protecting condo consumers by verifying legal compliance.
energy

Toronto opens link for energy and water reporting

The City of Toronto has opened a reporting link for owners of large buildings to report their energy and water usage for 2024.