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Industry News

energy training delivery agents sought for Canada's promised home retrofit program

Energy training delivery agents sought

Public agencies, not-for-profit organizations and private sector energy services providers are all expected to play a role in developing the workforce that will underpin Canada’s promised home retrofit program.
Quebec to put damper on fossil fuel heating

Quebec to put damper on fossil fuel heating

A draft regulation posted in the Gazette du Québec signals the government's intent to prohibit installation of fossil-fuel-fired boilers, furnaces and water heaters in “certain existing residential buildings” after December 31, 2023.
housing market

Tricon expands U.S. single-family rental platform

Tricon Residential announced it has formed a new joint venture with Pacific Life Insurance Company and a leading global investor to acquire newly built single-family rental homes in the U.S. Sun Belt.
Appraisal Institute of Canada

Scarborough home values climb most during COVID

Properties purchased in Scarborough in the six months prior to COVID-19 have jumped in value by 25 per cent—appreciating more than other parts of Toronto, including the downtown core.
Quebec

More Quebec residents opt for country homes

More Québecois prefer a home in the country, according to new insights on residents' changing intentions since the pandemic began.
home sales

GTA home sales and listings down in April

Even though home sales in the GTA dropped 12.7 per cent in April compared to March, the market is still going strong.
More lucrative support for NS accessory units

Pandemic relief defrays Ontario insolvencies

Low interest rates, flexibility to defer payments and various government-funded programs synergized into what are characterized as “exceptional” circumstances in a recessionary period.
Superkül

Brightwater launches Superkül-designed luxury townhomes

Each townhome contains a flex space on the upper level that connects to the rooftop terrace and is suited for an indoor/outdoor office, playroom or extra entertaining space. 
west kelowna secondary

Humber College to deliver CMRAO education program

Humber College will help develop and deliver the Condominium Management Regulatory Authority of Ontario's new education program for condominium managers.
Ontario power system revenue is surplus to projections despite COVID-19-related rate relief

Power system revenue transcends lockdown relief

It appears that seven weeks of COVID-19-related electricity rate relief for residential and small business customers did not adversely undermine Ontario power system revenue.
foreign buyers

Feds greenlight ‘vacant home’ tax for foreign buyers

As of January 2022, the government is applying a 1 per cent annual tax on the value of non-resident and non-Canadian owned properties that are “vacant or underused.”
Manitoba education property tax rebate comes with a two-year freeze on allowable rent increases

Manitoba tax rebate comes with rent freeze

About $248 million from the education levy will be returned to property taxpayers this year through 25 per cent rebates to residential/farm ratepayers and 10 per cent rebates to commercial/industrial ratepayers.
Ontario has not offered an electricity rate reprieve during the latest lockdown

No electricity rate reprieve with this lockdown

There has been no rate relief with the latest stay-at-home imperative, but the Ontario Energy Board has extended the annual prohibition on electricity shut-offs during the cold months to cover much of May.
RHF

Global projects win grants through Elaina’s Sustainability Fund

Elaina’s Sustainability Fund has selected five organizations and individuals to receive the first round of grant funding.
sellers' market

Extreme sellers’ market expected to let up in 2021

Although potential homebuyers may face less competition as the year goes on, a housing supply crisis looms in the background as prices go up and the population grows.
The Moderne

The Moderne to be one of Hamilton’s tallest condos

This is the latest phase in converting the century-old Royal Connaught Hotel in Hamilton, Ont., into residences.
mortgage

Canadians see dismal future for homeownership

Beyond the hot housing market, 36 per cent of the under-40 crowd are abandoning their dreams of ever owning a home.