CondoBusiness - Industry News
REMI

Industry News

Nova Scotia

Nova Scotia quashes property tax surcharge

The Nova Scotia government has cancelled plans to impose a property tax surcharge on non-resident home and cottage owners less than two weeks after enacting legislation to do so.
Quebec

Priced-out buyers flock to condos in Montreal area

Sales of condos and plexes in the Greater Montreal Area remained at sustained levels during April, despite a 17 percent decline for single-family homes.
B.C. nixes rodenticides for mice and rat control

Rodenticides nixed for B.C. mice and rat control

British Columbia is poised to make a temporary ban on rodenticides for mice and rat control permanent within commercial and residential properties.
AKRA

AKRA will be a residential retreat near Yonge and Eglinton

Despite the growing hustle and bustle of Midtown Toronto, a new 22-storey condo called AKRA promises to be a retreat in the sky, just a few blocks north of the busy intersection of Yonge and Eglinton.
housing market

The impacts of BC’s increased housing supply

The British Columbia Real Estate Association has released a report estimating the potential impacts of increased housing supply on BC's housing market.
passive house

World’s tallest passive house planned for Vancouver

A 60-storey residential development is planned for downtown Vancouver. It will be the world's tallest passive house building.
National Day of Mourning

RESCON observes National Day of Mourning

On this National Day of Mourning, workplaces across Canada are encouraged to remember those who have lost their lives, suffered injury or illness on the job, or experienced a work-related tragedy.
multifamily

New design guide for zero energy multifamily buildings

A new advanced energy design guide is now available to help contractors and designers develop a viable plan for attaining zero energy multifamily buildings.
new home sales

Average price of GTA condos up 20%

Greater Toronto Area realtors reported 7,932 condo sales in Q1 2022, representing a decrease of 15.6 per cent compared to the record 9,399 sales in Q1 2021.
LRT

Construction starts on Water Street by the Park

Construction of Kelowna’s largest and tallest development has officially begun. ater Street by the Park will redefine the skyline.
smart home tech

Only 1 in 5 Canadian households use smart home tech

In a new study about Canadian homeowners' attitudes towards sustainability, four in five respondents said that the issue of climate change is important to them and that they are concerned how it could affect future generations.
housing accelerator fund

Breaking down home buying supports in ‘demand-sided’ budget

Supply will remain an ongoing issue as new supports push more first-time homebuyers to Canada's housing market.
townhomes

20 new affordable townhomes begin ascent in west Toronto

Diamond Kilmer, Habitat for Humanity GTA and CreateTO broke ground on 20 new affordable townhomes just north of St. Clair Avenue West in Toronto’s thriving Stockyards community. 
mass timber plan

B.C. launches Mass Timber Action Plan

B.C. has launched the Mass Timber Action Plan and announced $1.2 million in funding for four new mass-timber housing and infrastructure.

Addressing housing supply in Budget 2022

Budget 2022 proposes a new Housing Accelerator Fund, expanding the Rapid Housing Initiative and incentivizing energy-efficient rental construction, among other key steps.
Quebec

Montreal area home prices rose significantly in March

Overbidding occurred in half of all transactions in the Montreal Census Metropolitan Area for the month of March.
construction

New 2020 national building, fire codes released

The 2020 National Model Codes have been released including building, fire and energy. The 2020 codes include nearly 400 changes.