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Industry News

Tallest wood condo under construction in Quebec

Origine, a new green condo project that recently broke ground, is set to become the tallest solid wood condo tower in North America. As the

B.C.’s economic growth due to housing sector

According to the Conference Board of Canada’s recent Provincial Outlook: Spring 2016, British Columbia’s booming housing sector will be one of the province’s main drivers

Quebec City condo to allow Airbnb-style rentals

Condos LB9, a new $150-million condominium development to be located in Quebec City, is the first project in Canada with a condominium agreement that specifically

JP Thornton joins Kasian’s Toronto team

Kasian has announced that JP Thornton has joined its Toronto office as Principal and Commercial Leader, effective May 24, 2016. In this role, Thornton will

GTA construction strikes to end within the week

According to the Residential Construction Council of Ontario (RESCON), the residential construction strikes that are currently underway will be over in one week or less.
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GTA home sales surge 10.6 per cent in May

According to Toronto Real Estate Board (TREB) president Mark McLean, there were 12,870 home sales reported through the MLS system in May 2016, representing a

FirstOnSite Restoration acquired by U.S. firm

FirstOnSite Restoration G.P. Inc., Canada’s largest independent disaster restoration service provider, has announced the sale of its company to Interstate Restoration, a U.S.-based firm, has

Continued condo boom defines T.O. construction

Construction costs are escalating in Toronto, but less so than the average across 38 global markets analyzed in a newly released overview of project development trends.

Housing starts expected to slow in 2016 and 2017

In the second quarter Housing Market Outlook (HMO), Canada Edition released by Canada Mortgage and Housing Corporation (CMHC), national housing starts are predicted to slow

CMHC generated $313 mil in net income for Q1

Canada Mortgage and Housing Corporation (CMHC) released its first quarter financial results earlier this week, along with supplemental data on the organization’s mortgage loan insurance,

PM firm selected to manage Toronto condo

Ontario-based property management provider FirstService Residential has been selected to manage The Madison, a condominium development located at Yonge St. and Eglinton Ave. in midtown

National luxury housing market on upturn

Royal LePage has recently released the findings to a national survey of residential luxury real estate professionals on current and long-term trends in the luxury

Great Gulf purchases YWCA of Calgary site

The YWCA of Calgary recently hosted a cheque presentation and media opportunity on the south patio of its downtown site, located at 320 5th Avenue

Service provider introduces hoarding cleanup

ServiceMaster of Canada, a firm that provides services for residential and commercial properties, is expanding its restoration services to include hoarding and extreme cleanup as
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National home sales set new record for April

Canadian home sales rose 3.1 per cent from March to April to set a new record for the month, according to statistics released by the

U.S. real estate gaining Chinese investment

Canada remains the predominant foreign investor in the U.S. commercial market, with acquisitions totalling $24.6 billion in 2015, but Chinese purchasers significantly outpaced Canadian residential investment last year.

Anita Wiklém named a Top Female Entrepreneur

PROFIT and Canadian Business have announced their 18th annual W100 list of Canada’s Top Female Entrepreneurs. Anita Wiklém, creative director and founding partner of Wiklém