Industry News
Apartment units led year-over-year price gains in October
Apartment units continued to lead year-over-year price gains in October, the Canadian Real Estate Association (CREA) reported last week.
Class B Global Adjustment costs up for review
The newly released 2017 update to Ontario's Long Term Energy Plan hints at future relief for commercial electricity customers currently carrying a disproportionate share of Global Adjustment costs.
Last chance for Albertans’ input on improving condominium governance
Albertans that would like to provide input on ways the government can improve condominium governance and dispute resolution have until November 10 to do so.
GTA new condo sales slow as prices climb in Q3
A total of 4,577 new condominium apartments were sold in Q3-2017 in the GTA, down 30 per cent compared to last year as fewer new projects came to market.
Greenland reveals plans for Lakeside Residences in Toronto
Greenland recently revealed official plans for Lakeside Residences – a 3.85-acre master-planned community to be located on Toronto’s waterfront.
GTA new condo sales keep pace with 10-year average
In September, the market for new homes in the GTA sped up, largely driven by sales of multi-family homes, condo apartments and stacked townhomes, says BILD.
Report renews calls for more family-friendly housing in the GTA
A new report by Ryerson City Building Institute and Urbanation has brought renewed urgency to calls for more family-friendly housing in the GTA.
GTA home sales climb nearly 12 per cent in October
The TREB reports 7,118 home sales took place in October 2017 in the GTA, representing an above-average increase of nearly 12 per cent between September and October.
Montreal’s Le Castelnau recognized with INOVA Award
At the recent INOVA Awards Gala, DevMcGill and TGTA were presented with an INOVA Award in the Multi-Residential Category for their project, Le Castelnau.
Condo corp partners with Airbnb in Canadian first
As some condo corporations struggle to enforce rules against short-term rentals, one condo corporation has rolled out the welcome mat for Airbnb.
Global Kingdom Ministries breaks ground on Trinity Ravine Towers
Global Kingdom Ministries recently celebrated the groundbreaking of Phase 1 of Trinity Ravine Towers, a two-tower, 55+ adult lifestyle condominium community.
Proposed Tarion policy to help protect new home buyers
New home buyers in Ontario will soon have greater deposit protection once a proposed policy and draft regulation from Tarion comes into effect.
GTA condo prices rose 22.7 per cent in Q3-2017
According to the Toronto Real Estate Board, condo prices in the GTA climbed 22.7 per cent year-over-year in the third quarter of 2017.
Tour des Canadiens team announces third phase
The team behind the Tour des Canadiens mixed-use residential projects has announced a third phase to the residential project, TDC3.
Alberta introduces stronger protection for condo buyers
On October 12, the Alberta government approved the first stage of new regulations that will better protect condominium buyers in the province.
Construction starts on Canada’s tallest building, The One
Mizrahi Developments celebrated the start of construction on the retail portion of The One with a ribbon cutting ceremony featuring Toronto Mayor John Tory. The
National home sales begin to climb in September
Canadian home sales increased by a modest 2.1 per cent between August and September 2017, according to statistics from the Canadian Real Estate Association (CREA).
