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Industry News

own vs. rent

GTA home prices rise by up to 48% since COVID

Many people are relocating out of Toronto to the suburbs, driving home prices up. Here's where the highest appreciation is occurring.
virtual meetings

Ontario further extends deadline for virtual meetings

The Ontario government has extended the deadline for condo corporations to hold their meetings virtually and permit electronic voting without a bylaw.
Mitchell

Property Management Institute of Canada partners with MediaEdge Communications

The industry partnership will develop a series of certificates leading to a Canadian Building Operator designation.
virtual meetings

First-of-its-kind certification for chairing virtual meetings

More than 70 board members and condo managers recently completed a workshop to earn the industry's first certification for chairing virtual meetings.
bid-rigging

Conspiracy charges laid after years-long bid-rigging inquiry

A years-long inquiry into allegations of bid-rigging and conspiracy in the supply of condo refurbishment services has finally wrapped up.
new condo

Strong housing market to power through 2021

Some analysts predicted that mortgage defaults would rise during the pandemic, but this hasn't been the case.
IREM's AMO designation marks diamond anniversary

AMO designation marks diamond anniversary

The first AMO credentials to signify real estate management companies adhered to IREM's then novel certification standards were conferred in March 1946.
geoexchange

Minto’s latest condo a geoexchange first

Minto Communities GTA will debut its first multi-residential geoexchange energy system with the launch of North Oak condo.
M City

M City expands with ultra tech-savvy plans

The latest residential addition to Mississauga's M City is expected to raise the bar for smart living in Canada.
Nadia Todorova

RCCAO appoints Nadia Todorova executive director

Nadia Todorova has been appointed as executive director of the Residential and Civil Construction Alliance of Ontario (RCCAO), a leading industry advocate for infrastructure investment.
WLI Championship Team

ULI Toronto extends noms for WLI Championship Team

Industry members are asked to nominate a female-identified leader in the Greater Toronto and Greater Golden Horseshoe region. 
Alberta budget

Alberta’s education mill rate nudges up 0.1 bps

Alberta’s education mill rate has nudged up 0.1 basis point, adding $0.01 per $1,000 of assessed value to the provincial portion of property tax bills.
home sales

One quarter of millennials bought a home during COVID

About 40 per cent have already racked up savings since the pandemic began, according to a new survey. The majority say remote work has made it more likely they will move further from employers.
ICBA

Scam callers claiming to be Tarion persist during pandemic

Tarion flagged the issue last June when it first came to light. Homeowners on the receiving end of the phone calls were offered tax refunds and asked for banking information.
Upfront costs pose barrier for low-income householders to tap into energy retrofit incentives

Upfront costs hinder access to energy savings

More than 110 industry associations, building service/product providers and public advocacy and community development groups are voicing support for no-cost incentives targeted specifically to low-income households.
Transit-oriented development

Study finds human cost of transit-oriented development

Transit-oriented development can be a blessing and a curse for communities, suggests a new UBC study.
multi-unit housing designs

EllisDon Community Builders to deliver affordable housing

EllisDon has launched EllisDon Community Builders, a new group to assist clients who wish to deliver affordable and supportive housing.