Industry News
Q Tower launches in Queens Quay West
Led by developers Lifetime Developments and Diamondcorp, the design comes from Canada-based Wallman Architects.
Slight change in homes sales from June to July
National home sales shifted slightly between June and July, 2023. A 0.7 per cent drop was attributed to a decline in the Greater Toronto Area, although sales were up in the majority of all local markets.
Vancouver fire incidents surpass historic record
The City of Vancouver has experienced more fire incidents in the first half of 2023 than any other time in history during this same period.
Quebec home inspectors get standardized rules
Quebec is introducing standardized certification and skills upgrading requirements for home inspectors who conduct assessments related to sales transactions.
Developers collaborate on multi-res tower at Bloor and Sherbourne
A trio of developers is teaming up on a new multi-residential tower that will replace an assembly of ten houses in Toronto.
Multi-tower project bound for Pickering
Plans for Pickering City Centre entail 6,000 new residences across more than 10 mixed-use towers and revitalizing a 1970s-era shopping mall.
Brokerage to end dual listing on TSX and NASDAQ
The Real Brokerage Inc. cites “minimal trading volume” in return for duplicate administrative expenses in the decision to voluntarily delist from the TSX.
Alberta to probe regulated electricity rate
Alberta’s regulated electricity rate has been flagged for possible elimination in a newly released list of priority tasks for the Minister of Affordability and Utilities, Nathan Neudorf.
Rents for GTA condos rose 12.6% in Q2
Q2 rental market data reveals that the annual rate of rent growth for vacant GTA condos was 12.6%, pushing rents to a record high average of $2,803.
Ontario eyes purchase agreements for new builds
The Ontario government is considering whether to mandate the legal review of purchase agreements for units in new condominium developments.
TOD plans for Ottawa multi-res building
Colonnade BridgePort submitted an official plan amendment and zoning by-law amendment with the City of Ottawa to increase density at 2000 City Park Drive.
Work begins on net-zero ready community in Oshawa
The net-zero ready abodes will emit 85 per cent less emissions once complete and include multi-generational housing.
Park Road launches in Yorkville
Capital Developments recently launched the project, with Diamond Schmitt designing the flatiron-style building to overlook the Rosedale Ravine.
Designs reveal remaining towers for M City
Designs for the final three remaining towers in Mississauga’s multi-billion-dollar M City development were recently unveiled.
Residential sales in Montreal dipped in June
Residential sales in Montreal reached 3,627 in June 2023, representing a decline of 10 per cent overall compared to the same period last year.
Ontario extends deadline for energy/water data
The deadline to submit consumption data to Ontario’s energy and water reporting and benchmarking program has been extended to help accommodate this year's large new cohort of mandated participants.
Construction begins on FRAME in Vancouver
Spanning over the East and West towers, FRAME includes homes ranging from 515 to 1,127 square feet to meet the spatial needs of a variety of new families.


















