Industry News
Study compares cost of renting vs. owning a home
New study by Point2 comparing the cost of renting vs. owning a home finds that Canadian homeowners spend 24% more than renters on monthly shelter.
Discount overnight power rate coming to Ontario
The new optional time-of-use rate scheme for residential and small business customers will be based on four price periods and introduce a far greater discrepancy between lowest and highest-cost electricity.
‘The Inclusive’ affordable community moves closer to completion
A mixed-use community that will rise from the grounds of an old shopping plaza and parking lot is one step closer to being realized in an underserved area of Toronto.
Montreal condo developer joins Order of Canada
Samuel Gewurz, president of Proment Corporation and a pioneering builder on Montreal’s Ȋle des Soeurs, has been named to the Order of Canada.
Canada’s ban on foreign property buyers takes effect Jan 1
Canada's Prohibition on the Purchase of Residential Property by Non-Canadians Act will take effect on January 1, 2023, and remain in place for two years.
Residential energy use re-emerges in CDM plans
Program reviewers with Ontario's Independent Electricity System Operator (IESO) are recommending broader inclusion of the multifamily and singe-family housing sectors in provincial conservation initiatives.
Survey finds Montrealers desire green housing
Fifty-nine per cent of homeowners and future buyers in the Montreal CMA would be willing to pay a premium for an environmentally friendly home. This is higher than the provincial average.
Forecast for B.C. property assessments in 2023
Based on trends in the real estate market as of July 1, 2022, most homes are expected to rise in value with BC Assessment's soon-to-be released 2023 report.
Radio Arts breaks ground in Hamilton
Radio Arts has started construction at the corner of Hamilton’s King and Caroline Street.
Unregulated fees for unit sub-meters questioned
Ontario’s auditor general is calling for a closer look at the unregulated fees that electricity customers in multifamily buildings pay to unit sub-meter providers.
ONE Properties is newest developer on East Village project
Two new mixed-use towers will complete Q Block on the neighbourhood’s east side, representing an approximate private investment value of $250M to the community.
New coalition forged to promote accessibility
Commercial real estate owners/managers, homebuilders and organizations that provide services and advocacy for people with disabilities have joined forces in the Accelerating Accessibility Coalition.
Tower crane safety guide sets best practices
A new comprehensive best practices guide for builders and trade contractors to use when erecting, operating and dismantling tower cranes has been released.
Young families to be welcome in B.C. condos
Newly introduced amendments to B.C.'s Strata Property Act would halt strata corporations’ ability to exclude children or prevent owners from renting out their units to tenants.
NorthCore condo launches in Yonge Sheppard area
NorthCore, a boutique 16-storey mixed-use residence, is the first condo launched along the Yonge and Sheppard node in a decade.
Bristol Place will bring tallest condos to Brampton
Redefining the city skyline with two record-breaking towers, Bristol Place will reach new heights as the tallest condominium towers in Brampton.
Canadians rank affordable housing as top issue
The Habitat for Humanity Canada Affordable Housing Survey found that 78 per cent are worried about having to spend less on food, savings, transportation costs, and/or debt payments to continue to afford their current housing.


















