CondoBusiness - Industry News
REMI

Industry News

new home

GTA new home market quiet in January

Condominium apartments accounted for 381 units sold—the lowest level for January in 14 years.
Ontario proposes sunset for timeshare contracts

Ontario proposes sunset for timeshare contracts

The Ontario government is considering a 10-year exit horizon for timeshare contracts as part of its update to the Consumer Protection Act.
Quebec

Canadian home sales at 14-year low

An increasing number of East Coast markets show that prices appear to be trending up again.
York Mills

Condo at Yonge and York Mills will be a first in 20 years

Plans to revitalize a tired corner of York Mills Road and Yonge Street are moving forward with a brand new design for a mixed-use community that promises direct TTC subway access.
HST

Deadline ahead for Vacant Home Tax declaration

Toronto homeowners now have until February 28 to declare their property’s occupancy status for the Vacant Home Tax.
Greece

First skyscraper in Greece begins ascent

The residential tower will rise within one of the largest urban regeneration projects in the world.
federal budget

New reg imposes financial penalties on Ontario homebuilders

A new regulation may impose administrative penalties on Ontario homebuilders or vendors who breach their legal and ethical obligations.
condos

Call for volunteers: mental health and violence in condos

The industry has issued a call for volunteers to help condo communities more effectively manage safety and security concerns.
housing

Economists predict home prices could decline by 10 to 20% 

According to Finder's panel of economists, the most effective action the Bank of Canada can take to improve housing affordability greatly depends on interest rates.
Built Green

Empire Communities acquires green building initiative ERTH

The new green building initiative focuses on a commitment to offer more sustainable and healthier homes and community features.
LRT

Mattamy Homes breaks ground on three GTA projects

Mattamy's GTA Urban Division is setting out to expand company's multi-family, mid- and high-rise offering in the GTA.
One-window guide for EV charger grants opens

One-window guide for EV charger grants opens

The new online reference hub has been designed to steer businesses, not-for-profit groups and municipalities to applicable funding options.
condominium rents

GTA condominium rents up 17% in 2022

As reported by Urbanation, GTA condominium rents rose by nearly 17 per cent in 2022 following decreases in 2021 and 2020.
Cosmetic pesticides okayed for use in Manitoba

Cosmetic pesticides okayed for use in Manitoba

Manitoba has repealed a prohibition that had been in place since 2014 and is again allowing the application of cosmetic pesticides on private green space, municipal sidewalks and boulevards.
workspace

At Scarborough’s newest collaborative workspace

LCH Developments wanted to bring something unique to the empty retail space on the ground floor of a condominium in Cliffside Village.
buyer

Home sales in Canada grew slightly in December

Across the country, prices are down more than they are nationally in Ontario and parts of B.C.
condo sales

Leading condo associations call for safety reform

One concern is that the recent tragedy could deter condo directors from getting involved in disputes or even serving on a board.