Industry News
GTA luxury home sales nearly double year-over-year
Third-quarter sales of luxury homes priced over $2 million in the GTA nearly doubled when they increased 92 per cent year-over-year in Q3 2016.
GTA new home prices continue to climb
Prices for all types of new homes continue to set records in the GTA as sales of new high-rise homes remain on pace for an exceptional year.
Link Condominiums construction nearly 50 per cent complete
Fortress Real Developments and Adi Development Group have announced that construction on the Link Condominium project is nearly 50 per cent complete.
GTA condo rents increase as supply falls to five-year low
During Q3-2016, the number of condo apartments rented through the MLS system fell by nine per cent from a record high last year to 7,651 units.
Canadian home sales slightly higher in September
According to a recent report from the Canadian Real Estate Association (CREA), national home sales recovered slightly in September 2016 compared to August.
EllisDon to build Manitoba’s tallest structure
EllisDon has been selected to build SkyCity Centre Winnipeg, which will soon become Manitoba’s tallest skyscraper.
GTA home sales climb 21.5 per cent in September: TREB
According to the TREB, GTA realtors reported 9,902 sales through the MLS System in September 2016, which is a 21.5 per cent increase year-over-year.
Canadian housing starts trend higher in September
In September, the trend measure of housing starts was 199,503 units, compared to 196,465 in August, according to Canada Mortgage and Housing Corporation.
Hazel McCallion hosts GTHA summit over land planning concerns
Hazel McCallion recently hosted a summit of GTHA mayors and chairs to hear from municipal officials on the province’s Co-Ordinated Land Use Planning Review.
Brandy Lane Homes to help revitalize Robertson Davies Park
Brandy Lane Homes and the City of Toronto are working together to revitalize Robertson Davies Park after 29 Norway Maple trees were accidentally cut down.
Metro Vancouver home sales fall 32.6 per cent
September 2016 saw Metro Vancouver home sales fall to 2,253, a 32.6 per cent drop compared to the 3,345 sales recorded in September 2015.
Canada-wide carbon polluting fees coming
Canadian provinces and territories have been given a 2018 deadline to either invoke some form of carbon pricing or accept a federally imposed model.
Home renovation spending in Ontario is set to increase
Homeowners in Ontario are set to increase renovation spending, according to the latest Housing Market Insight from Canada Mortgage and Housing Corporation.
National home sales fall for fourth consecutive month
Canadian home sales fell 3.1 per cent month-over-month in August 2016, making it the fourth consecutive month of sales declines, according to the CREA.
Four Seasons and Carbonleo partner on downtown Montreal project
Construction is currently underway on the Four Seasons Hotel and Private Residences on the vibrant de la Montagne Street in Montreal.
$1.5-bil M City development slated for Mississauga
Rogers Real Estate Development Limited has announced plans for M City, a $1.5-billion development slated for the western edge of downtown Mississauga.
OHBA presents annual awards at President’s Gala
The Ontario Home Builders’ Association's gala to welcome incoming president Neil Rodgers to his new role helped honour other local associations and members.


