CondoBusiness - Industry News
REMI

Industry News

housing

Ontario invests additional $1.6B in housing infrastructure

Ontario is investing an additional $1.6 billion to speed up construction on homes and critical infrastructure. The announcement was made at the annual Association of
CMRAO

CMRAO releases second practice guide

The CMRAO released its second practice guide that delves into procurement and contractor oversight for condominium managers.
short-term rental

London strengthens short-term rental enforcement

The City of London will increase inspections and provide education and outreach to rental operators.
home sales

July home sales in GTA strongest in four years

The Greater Toronto Area experienced the best home sales for the month of July since 2021.
Concordia AI research

AI forecast calls for immediate policy reform

New research from Concordia University offers developers an AI-driven lens into Canada’s housing supply challenges.
CAO

CAO releases updated buyers’ guide

The guide has undergone a review through consultations and user testing with condo community members.
Softwood to play material role in housing plan

Softwood assigned material role in housing plan

Canadian softwood lumber is expected to play a material role in hitting the federal government’s target for nearly 5 million units of new housing over the next decade.
Prize-winning housing tech set to build scale

Prize-winning housing tech set to build scale

Artificial intelligence and robotics are central to prize-winning technology tapped to accelerate new housing production on a nationwide scale.
heat

Keeping homes comfortable during heat waves

Tips for managing the heat and humidity at home.
new home

GTA new home market “deeply challenged”

A downturn continues as new home sales in the GTA remained extremely low in June.
Hangar

Toronto City Council greenlights Hangar District

The mixed-used project will become the first neighbourhood within the 370-acre former Downsview Airport lands.
B.C. offers heat pump rebate to more claimants

B.C. offers heat pump rebate to more claimants

Eligibility for British Columbia’s heat pump rebate has now been extended to unit-owners and renters of low-rise multifamily housing who meet income and technical criteria.
development review

Q&A: Toronto unveils new development review plan

Since its launch, the division has reduced major application decision times across all categories. The new plan builds on this success.
Burnaby

Burnaby adopts new height-based zoning

Burnaby is one of the first cities in North America to adopt a height-based approach to zoning that eliminates complex rules.
purpose-built rental

Oxford breaks ground on purpose-built rental milestone

Oxford Properties Group broke ground on Scarborough's first major purpose-built rental development in over a generation.
luxury

Ultra-luxury condos in high demand

In Toronto, condos priced over the $5 million mark are experiencing strong demand.
property tax

Toronto boosts property tax relief threshold

The City of Toronto has expanded the Property Tax & Utility Relief programs, increasing the deferral and cancellation household income threshold for seniors and persons with disabilities.