Industry News
B.C. appoints superintendent of real estate
British Columbia has appointed regulator and public sector leader Michael Noseworthy as the superintendent of real estate, effective Oct. 19, 2016.
REMI Network a finalist for publishing award
For the fourth year in a row, the REMI Network has been named a finalist in the 2016 Canadian Online Publishing Awards (COPAs). The awards,
Calgary’s University District gets LEED Platinum
Calgary’s University District is the largest residential project in Canadian history to earn LEED Platinum certification for Neighbourhood Development.
Canadian housing starts trend lower in August
The trend measure of housing starts in Canada was 195,640 units in August, down from 201,379 in July, according to Canada Mortgage and Housing Corporation.
Neil Rodgers named the next president of OHBA
Neil Rodgers will be elected the 2016-2017 president of the Ontario Home Builders’ Association (OHBA) at the organization’s annual Meeting of Members.
CMHC generates $338-mil in net income for Q2
CMHC’s recent Q2 financial results stated that during the last quarter, it generated $338 million in net income from its mortgage loan and other programs.
Metro Vancouver home sales fall 22.8 per cent
For the second month in a row, home sales in Metro Vancouver have slowed considerably, returning to more typical levels for the month.
GTA home sales surge 23.5 per cent in August
In August 2016, the TREB reported a record 9,813 GTA home sales through the MLS System, which is 23.5 per cent above the number of August 2015 transactions.
Bank of Canada interest rates remain on hold
The Bank of Canada has announced it is keeping its target overnight lending rate at 0.5 per cent, but lower interest rates are expected for the near future.
GTA low-rise home prices surpass record in July
July 2016 saw the average price of a new low-rise home in the GTA exceed $900,000 for the first time, according to BILD.
Vancouver home sales slowed in July
According to the Real Estate Board of Greater Vancouver, there were 3,226 home sales in the region in July 2016, a drop of 18.9 per cent year-over-year.
Barrie’s Collier Centre nears completion
Fortress Real Developments Inc. has announced its Collier Centre and Lakeview Condominium project in Barrie, Ontario, is now over 80 per cent complete.
Record high B.C. home sales expected for 2017
A recent forecast from the BCREA finds residential sales are expected to jump 10.4 per cent to 113,000 units this year, surpassing the previous record.
Canada ranks high on ten most liveable cities list
Three of the ten most liveable cities in the world are located in Canada, according to a new report by The Economist Intelligence Unit.
Associa selected to manage waterfront condo
Associa MRCM has been awarded the management contract for Grand Harbour, part of Etobicoke’s Landmark Waterfront condominium community.
Doors Open Toronto issues call for proposals
The 18th annual Doors Open Toronto, a free weekend-long celebration of Toronto’s architecture, history and urban design, will be held May 27 and 28, 2017.
Ontario plans to regulate home inspectors
Ontario plans to introduce legislation this fall that would regulate the province’s home inspectors in order to provide better consumer protection.


