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Industry News

GTA new home sales fell to 18-year low in 2018

In 2018, the GTA new home market saw the lowest total sales nearly two decades, according to the Building Industry and Land Development Association (BILD).

Housing market vulnerable despite easing overvaluation: CMHC

Although overvaluation has eased in Toronto and Victoria, the national housing market remains vulnerable for the tenth quarter in a row, finds CMHC.

New boutique condo Enticy launches in Montreal

Enticy, a new boutique condominium project from Omnia Technologies and financial partner Claridge, is set to begin construction in spring 2019.

Canada funds first net-zero multi-res building in London

The Government of Canada is investing $3.9 million toward the construction of Canada’s first net-zero, mixed-use, multi-unit residential building in London.

Phil Soper ranked top Canadian in real estate

For the sixth consecutive year, Phil Soper has been named the most influential person in Canadian residential real estate by the Swanepoel Power 200.

Real estate leaders tapped for Alate advisory board

Alate Partners has formed an advisory board of real estate developers, owners and operators to help identify promising smart real estate solutions.

Single Canadians hesitate on home purchases: survey

As Canadians’ household debt ratio climbs higher, single Canadians interested in purchasing a home on their own are not the ones to blame for the increase.

Quadrangle forms partnership with UK-based BDP

Building Design Partnership (BDP) has made a strategic investment in Toronto-based architecture and interior design firm Quadrangle.

Ontario aims to modernize real estate laws

The Ontario government is reviewing the Real Estate and Business Brokers Act, 2002 by seeking public input in an effort to modernize real estate laws.

New $45-million condo hotel set for Mont-Tremblant

C Hôtels Tremblant is investing $45 million in a new luxury hotel and condominium complex to be located at the foot of Versant Soleil in Mont-Tremblant.

GTA condo sales fell 9.9 per cent in Q4-2018

According to the TREB, there were 5,191 condominium apartment sales in the fourth quarter of 2018, a decline of 9.9 per cent compared to Q4-2017.

Altree Developments announces two new Canadian projects

Altree Developments has announced two new GTA development projects, located at 2 Forest Hill Road, in Toronto, and 30 and 44 Zorra Street, in Etobicoke.

Canadian home sales decline further in December

According to the Canadian Real Estate Association (CREA), national home sales posted a decline of 2.5 per cent from November to December 2018.

KnightsBridge’s Arborescence set to rise in Bromont

Arborescence, a sustainable condominium development project from KnightsBridge, is set to rise alongside the Kamloops Trail on Bromont Mountain.

Federal policies have negative impacts on housing markets: Report

Federal policy changes made with the intent to cool housing prices and demand continue to impact housing markets across Canada, according to a new report.

GTA condo rents post record increase in 2018

Condo rents in the GTA rose by an average of 9.3 per cent in 2018, surpassing the 8.3 per cent growth recorded in 2017, according to Urbanation Inc.

National housing starts trend declines in December

The trend in housing starts was 206,981 units in December 2018, down from 212,338 units in November 2018, according to CMHC.