CondoBusiness - Industry News
REMI

Industry News

CAO

Feedback deadline approaching for Condo Buyers’ Guide

The Condominium Authority of Ontario is looking for sector feedback on its Condo Buyers’ Guide that it plans on updating later this year. 
home sales

GTA sees uptick in homes sales for July

There was more choice for buyers, with annual growth in new listings outstripping that of sales, according to TRREB.
11 Yorkville

11 Yorkville condo tops off in Toronto

Completion comes nearly fours years after the 65-storey condo broke ground in November 2020. Residency is expected later this year.
GTA investment

Condo sales in Toronto drop nearly 20% in Q2

TRREB reports there were 5,474 sales during April, May and June, compared to 6,824 in Q2 2023.
Inlet District

Inlet District gets final rezoning enactment

WesGroup Properties received final rezoning enactment for the 14-acre Inlet District in the area formerly known as Coronation Park.
Park Road

Construction begins on flatiron condo Park Road

Capital Developments started building the 28-storey tower less a one year after its launch. 
renter feedback survey

Alberta sets housing construction record in June

Alberta’s housing boom of 54 per cent is on track to set records as one of the busiest years ever.
renovate

Many Canadians planning to renovate, not move

Energy efficient upgrades are also top of mind as spending habits shift.
home

Price increases predicted across luxury home market

Toronto buyers will likely return to purchasing condos once competition heats up again for single-family homes.
buyer

Buyer enthusiasm lukewarm during spring market

Buyers weren’t so eager to return to the housing market after winter, even with the Bank of Canada’s rate cut in June.
HAF

New MEI study blames excessive regulation for high housing costs

A new study by the Montreal Economic Institute points to regulatory burden as the main reason Montreal’s housing prices have soared.
home sales

Most liveable places in Canada identified

Affordability and safety factor highly into Canada's most habitable neighbourhoods, according to preferences identified in RE/MAX’s new 2024 Liveability Report.
depreciation reports

Depreciation report requirements take effect in B.C.

Regulations are now in effect to protect B.C. strata owners from unexpected long-term repairs and replacement costs.
LTB

Condo associations seek changes to criminal code

Ontario’s leading condo associations are requesting the federal government to impose stricter sentencing measures on individuals who commit or attempt to engage in violent assaults against condo operators.
Chronic property tax arrears at Toronto condo

Chronic property tax arrears at Toronto condo

Chronic property tax arrears at a downtown Toronto condominium complex now amount to more than $10.2 million on 15 units held by five different owners.
solar

Edmonton reopens solar rebate program

The Change Homes for Climate Solar Rebate Program reopened on July 2.
Saskatchewan

Committee flags multi-res accessibility revisions under OBC 

The Design of Public Spaces Standards Development Committee has listed recommendations to improve multi-residential buildings.