Industry News
CMHC predicts housing market activity to moderate
According to CMHC’s 2018 Housing Market Outlook, housing markets in Canada should see a moderation in both housing starts and sales in 2019 and 2020.
New GTA condo prices climb 11 per cent in Q3-2018
New condominium apartment sales in the GTA rose four per cent year-over-year to 4,738 units in Q3-2018, according to Urbanation’s Q3-2018 market results.
New minister picks up condo file in cabinet shuffle
There’s a new point person on the condo file in Ontario’s Progressive Conservative government after a cabinet shuffle yesterday.
Continuing education prescribed for condo managers
Some condo managers who want to renew their licences next year will have to pass a test to prove they are current on Ontario’s condo laws.
Devimco selected for Montreal mixed-use project
Devimco Immobilier has been selected by Club Sportif MAA to develop a mixed-use condominium project on Peel St., just south of Sherbrooke St. in Montreal.
Canada’s luxury condo market thrives as house sales falter
Sales of luxury condominium apartments in the $1-2 million range continue to thrive in urban centres, according to the RE/MAX Spotlight on Luxury Report.
Great Gulf breaks ground on 8 Cumberland
Great Gulf recently broke ground on 8 Cumberland, a modern 51-storey high-rise condominium located in Toronto’s Yorkville neighbourhood.
National housing market remains vulnerable: CMHC
Canada’s housing market remains highly vulnerable, yet conditions of overvaluation are slowing overall, notes CMHC’s most recent Housing Market Assessment.
GTA new home market rebounds in September
The GTA new home market experienced improvements in new project openings and new home sales in September compared to the previous month, reports BILD.
Condo paves way for EV charging on large scale
One Bedford Condo in Toronto is now equipped to support electric vehicle (EV) charging in just about every exclusive-use space in its parking garage.
Mortgage financing stress test makes the grade
Among the continuing concerns, some lenders are still relying on the equity of the property, rather than the borrower's ability to repay the loan.
Affordability main concern as real estate sector focuses on supply
Developers, investors, lenders and experts are cautiously optimistic about the real estate sector, according to a recent report from PwC Canada and ULI.
Feds foil carbon pollution amnesty efforts
Surcharges will apply to 22 different fuel types, but most consumer expenditure is expected to go to gasoline and natural gas price add-ons.
ENERGY STAR to recognize multi-res buildings
A pilot program launched today aims to take energy efficiency to new heights by recognizing multi-res buildings with ENERGY STAR labels.
TREB releases recommendations on housing supply, affordability
TREB has released recommendations on what new councillors, mayors and regional chairs across the GTA can do to ensure housing supply and affordability.
National home prices rose 2.2 per cent in Q3
Home prices saw modest annual gains in many regions across Canada in Q3-2018, according to the Royal LePage House Price Survey and Market Survey Forecast.
Canadian home sales activity wanes in September
National home sales fell 0.4 per cent between August and September 2018, according to recent statistics from the Canadian Real Estate Association (CREA).


