CondoBusiness - Industry News
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Industry News

GTA

GTA condo sales above 10-year average

Condos, including units in low, medium and high-rise buildings, stacked townhouses and loft units, accounted for 2,396 new home sales in May.
geothermal

Geothermal condo rising in downtown Mississauga

The 418-unit tower will join a crop of other residential developments across Canada that are delving into renewable energy sources as a way to eliminate dependency on exhaustible resources.
Longueuil

Ground breaks on largest residential project in Longueuil

The first tower of Sir Charles Condominiums broke ground this month. Devimco Immobilier's $800-million, transit-oriented development is said to be the largest real estate project in the history of Longueuil.
condo prices

GTA condo price rises by 44% since 2017 housing peak

Condos have appreciated more than any other housing type in the GTA when comparing the average price from the housing peak in 2017 to today.
oshawa

800-home community in Oshawa has green ambitions

The Heights of Harmony in North Oshawa’s Kedron neighbourhood will bring a mix of townhomes and single-family dwellings to Ontario's fastest-growing city by 2023. 
vaccine

Vaccine efforts ramp up for residential builders in Ontario

The Residential Construction Council of Ontario has stepped up efforts to ensure that builders and workers know how to register for their COVID-19 vaccinations.
Lakestone

First condo coming to B.C.’s Lakestone community

The natural setting of Lake Country, British Columbia, inspired the architecture of what will become the first condo project in the Lakestone community located in the Okanagan Valley.
SOMA on Cambie

SOMA on Cambie rises in Vancouver

At 28,000 square feet, the development aligns with Vancouver’s overarching plan for higher density land use developments.
Ontario to tweak electricity rebate eligibility

Ontario to tweak electricity rebate criteria

Common area accounts registering more than 250,000 kilowatt-hours of consumption annually receive the rebate under a grandfathering provision that is slated to end on Oct. 31, 2021.
stress test

Stricter mortgage stress test won’t quell buying frenzy anytime soon

While it’s hard to predict the consequences of the new stress test, the move isn’t necessarily a silver bullet for a cooler housing market, experts say.
urban

Urban exodus in Ontario may be exaggerated

Small-town life appeals to only 18 per cent of big city residents who are considering selling their home in the next year.
Toronto Atmospheric Fund approved as delivery organization for EV charger funds

GTHA multi-res prioritized for EV charger funds

The Toronto Atmospheric Fund could soon be disbursing grants to help install about 300 electric vehicle chargers in public venues and multi-unit residential buildings throughout the Greater Toronto and Hamilton Area.
transitional general licensees

Ontario extends educational deadline for transitional general licensees

Ontario is extending the time that all transitional general licensees have to complete the education and exam requirements to apply for a general licence.
LeftBank

LeftBank condo in River District launching in June

The 34-storey LeftBank condo in the Don River area of Toronto is launching next month, ahead of an eight-month closure of the soon-to-be upgraded Don Valley River Trail.
B.C. to ease rules for strata EV expenditures

New guide demystifies EV charging in MURBs

A new educational guide aims to demystify the complex process of installing EV charging stations in multi-unit residential buildings.
Canderel

Canderel acquires prime Toronto site for development

Canderel announced it has purchased the 1.91-acre lot at 490 St. Clair Avenue West, on the northeast corner of St Clair Avenue West and Bathurst Street.
condos at the core of affordable recreational property

Condos anchor affordable recreational property

While Canadians may tend to entertain dreams of cottages, camps or cabins, condos are at the core of affordable recreational property options in many popular vacation areas.