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Industry News

Condo Pavilion returns to Montreal HomeExpo

The Condo Pavilion is back for a seventh year during the Montreal HomeExpo, taking place at Olympic Stadium from February 9 to 12.

Fortress, Kingridge sell Oakville commercial site

Fortress Real Developments and Kingridge Developments have sold a six-acre commercial site in Oakville, Ontario to the Region of Halton.

GTA condo markets tighten in Q4

Condominium apartment sales in the GTA climbed 22.3 per cent year-over-year to 6,831 in Q4-2016, according to the Toronto Real Estate Board.

TREB report predicts another strong year for home sales

The Toronto Real Estate Board recently released its annual Market Year in Review & Outlook Report at its Economic Summit in Toronto on January 31.

GTA new homes market set new records in 2016

In the GTA new homes market, 2016 set new records for low inventory, high prices and high-rise condo sales, according to a report from BILD and the Altus Group.

ACMO confirms condo residents eligible for hydro rebate

In September, ACMO advised members of a Hydro Rebate program that would come into effect on Jan. 1, 2017, but residents were unsure of their eligibility.

Community Associations Institute forms Canadian chapter

Community Associations Institute has announced the introduction of a Canadian chapter headquartered in Toronto that will be known as CAI Canada.

TREB against LTT increase for repeat home buyers

TREB is encouraged by the Budget Committee's decision to halt increases to the Land Transfer Tax for first-time buyers but remains concerned about increases for repeat buyers.

GTA home prices have spillover effect in surrounding cities

Due to climbing home prices in the GTA, CMHC reports that home prices in surrounding urban centres are also increasing in a spillover effect.

National home price growth remains inflated: CMHC

According to CMHC’s latest Housing Market Assessment (HMA), national home price growth increased by seven per cent year-over-year at the end of Q3-2016.

Real estate employers keep a lid on salaries

Skill shortages are more select in other Canadian business sectors, while real estate employers report they are pressed to fill some of the industry's key job functions, including: commercial property manager; condominium manager; building operator; and commercial leasing agent.

Mattamy Homes hires new VP of sustainable development

Mattamy Homes has hired industry leader Subhi Alsayed in the new role of vice president, sustainable development at the company.

MRCM donates over 7,000 pounds of food to The Salvation Army

The Salvation Army received 7,037 pounds of food from Maple Ridge Community Management (MRCM) following its food drive this holiday season. The goods were collected

Americans look north as President Trump takes office

The number of Americans browsing for Canadian properties spiked following the U.S. election last fall, and real estate advisors don’t expect this increased interest to abate any time soon as President Donald Trump takes office today.

M City to anchor $1.5-bil master-planned community in Mississauga

Plans are underway for the 60-storey, 784 unit M City tower, which will sit at the corner of Burnhamthorpe Road and Confederation Parkway in Mississauga.

National home sales rebound slightly in December

National home sales increased 2.2 per cent from November to December 2016, according to statistics released by the Canadian Real Estate Association (CREA).

GTA condo rents climb 12 per cent year-over-year

Urbanation has released its year-end 2016 rental results which find that condo rent in the former City of Toronto has increased an average of 12 per cent year-over-year.