Industry News
Supply of new condo units drops to six-year low
According to a new Urbanation report, there were 7,731 new condo units sold in the GTA during Q2-2016, a 26 per cent increase year-over-year.
National home sales continue to decline: CREA
Canadian home sales fell 1.3 per cent from June to July 2016, marking the third consecutive month of declines, according to data released by the CREA.
Ottawa housing starts continue downward trend
Housing starts in the Ottawa CMA were trending at 4,475 units in July, down from 4,533 units in June, according to Canada Mortgage and Housing Corporation.
Toronto’s Joy Condos begins to take shape
Joy Condos is beginning to take shape after breaking ground less than one year ago. The condominium is expected to be completed in 2017.
Tim Hudak named incoming CEO of OREA
Tim Hudak has been named the next Chief Executive Officer of the Ontario Real Estate Association (OREA), effective later this year.
Heat shrinks future pool of Olympic host cities
Health researchers project that Calgary and Vancouver will be among just three suitable North American locations to host the Summer Olympics by 2085 due to the risks of outdoor activities in intense heat.
Stantec Tower begins to rise in Edmonton
Construction has started on Stantec Tower, soon to be Edmonton’s tallest and part of one of the largest mixed-use projects in Canada.
GTA home sales set new July record
In July, Greater Toronto Area realtors recorded 9,989 home sales through the Toronto Real Estate Board’s MLS System, marking a new record for the month.
Associa enters Ontario market with partnership
Community management firm Associa has entered into a partnership with Maple Ridge Community Management (MRCM), one of Ontario's largest management agencies.
B.C. strata owners to benefit from changes
British Columbia is making changes to its Strata Property Act that will give owners more flexibility when they decide they would like to sell the property.
Problematic housing market conditions worsen
According to the most recent Housing Market Assessment from CMHC, problematic conditions in Canada's housing market have escalated since the last report.
GTA condo sales surge 17.4 per cent: TREB
According to the Toronto Real Estate Board (TREB), there were 8,965 condominium apartment sales reported in the second quarter of this year, representing a 17.4
Ontario revs up ultra-high speed internet access
Homes and businesses in more than 300 communities across southwestern Ontario will soon have access to ultra-high speed internet.
CaGBC offers free LEED certification in Fort Mac
Canada Green Building Council is offering free LEED registration and certification for commercial, institutional and residential projects in Fort McMurray.
Devron hosts preview event for the Vanguard
Devron Developments recently held a private event to introduce residents of Thornhill, Ont. to the Vanguard, the company’s newest condo project. At the event, guests
Developers dampen risk by reaching sales targets
According to the recent Toronto Housing Market Insight Report from Canada Mortgage and Housing Corporation (CMHC), most condominium developers in the city begin construction only when
Modular builds could ease housing shortages
Cities that are facing housing shortages should push for more instances of modular construction to increase options for potential homebuyers and tenants, says Kasun Hewage,


