CondoBusiness - Industry News
REMI

Industry News

pricing

Housing market more vulnerable to downturn

Canada's housing market has reaching a new vulnerability high as homes prices accelerate alongside ongoing overvaluation. 
greenhouse gas

Community net metering demo set for Ontario

Sifton Properties’ West 5, a 70-acre mixed-use development in London, Ontario, will be a test site for an electricity generation and sharing model known as community net metering.
LTB

CAT to handle disputes over nuisances in 2022

Changes to the Condo Act, coming into force on January 1, 2022, will expand the CAT's jurisdiction to manage certain disputes related to nuisances.
fraud

Condo manager faces fraud charges

A new case emphasizes how seriously the Condominium Management Regulatory Authority of Ontario deals with complaints against its licensees and the action that follows.
BOMA BEST criteria revised for multifamily buildings

BOMA BEST criteria introduce multifamily tweaks

Landlords and condominium corporations participating in the BOMA BEST environmental performance benchmarking and certification program will have to comply with an expanded list of best practices.
Ontario regulation sets deadline for energy-use data availability via the Green Button program

Deadline set for energy-use data availability

A newly filed regulation instructs Ontario's electricity and gas distributors to be ready for the province-wide rollout of the Green Button program by November 2023.
Saskatchewan ends exemptions for smoke and CO alarms in older residential buildings

Sask ends exemptions for smoke and CO alarms

Saskatchewan landlords and homeowners will have to install smoke and carbon monoxide (CO) alarms in older residential buildings that were previously exempt. Enforcement begins July 1, 2022.
M2M SQUARED

M2M SQUARED helps fill multi-gen housing gap

The design for M2M SQUARED will almost double the amount of two-bedroom and up units compared to many residential projects in the Greater Toronto Area.

New vision for amenity spaces emerges at Leaside Common

Leaside Common will feature a shared open space on each floor that brings both sides of the development together.
housing system

Economists skeptical of federal government’s housing plan

The majority of economists on Finder’s BoC Interest Rate Forecast panel say the federal government’s housing plan won't do enough to solve Canada’s housing crisis.
masks

Study finds ‘serious difference’ in viability of different masks

A new study from the University of Waterloo found the most common masks, primarily due to problems with fit, filter about 10 per cent of exhaled aerosol droplets.
Ontario proposes new RPP price-setting regimen

Ontario proposes new RPP price-setting regimen

Electricity prices could become more responsive to fluctuating commodity costs if proposed regulatory amendments are adopted in Ontario.
mortgage cap

Concerns as new mortgages jump to record high

One concerning trend is the amount of mortgage debt being taken on by consumers with lower credit scores.
mentorship

New condo project planned for Stockyards District

Greybrook Realty Partners is expanding into Toronto's Stockyards District neighbourhood alongside developer Marlin Spring, with a $20-million investment in a mid-rise condo project.
housing

Major party leaders urged to prioritize housing crisis

The Residential Construction Council of Ontario is lighting a fire under the promises federal delegates are making with a recent statement on the crisis.
livable cities

Calgary launches office conversion incentive

The City of Calgary is launching the Downtown Calgary Development Incentive Program to support downtown office conversions.
National Home Warranty

Hub to acquire assets of National Home Warranty

Hub has signed a purchase agreement to acquire the assets of National Home Warranty, a wholly owned subsidiary of Aviva Canada Inc.