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Industry News

Targeted tax back on Toronto CRE industry radar

The city of Toronto's renewed contemplation of its special revenue-generating powers has real estate industry advocates proactively calling for a role in any future discussions.

GTA residential land transactions reach $4.2-bil

According to Altus Group’s recently released 2015 Real Estate Review of the GTA’s 2015 new home market, the housing market is resilient due to new

GTA new condo sales at highest level since 2011

In 2015, a total of 20,753 new condominium units were sold across the Greater Toronto Area, according to a report by Urbanation Inc., topping 2014

Housing starts trended lower in January: CMHC

According to Canada Mortgage and Housing Corporation (CMHC), January saw the trend measure of housing starts drop to 199,169 units, compared to 203,304 in December.

Empire appoints president of Low Rise Division

Empire Communities, one of Canada’s largest homebuilders of low-rise and high-rise communities in Southwestern Ontario and the GTA, has announced the appointment of Tony Pucci

GTA new home sales above average in 2015

There was strong demand for new homes in the GTA last year, resulting in the third-highest annual sales in the past decade, according to the

Q4 saw moderate increase in condo sales: TREB

According to the Toronto Real Estate Board (TREB), there were 5,595 condominium apartment sales reported through the MLS system during the fourth quarter of 2015,

Overvaluation to impact markets in 2016: CMHC

The latest Housing Market Assessment (HMA) from Canada Mortgage and Housing Corporation (CMHC) reports moderate evidence of overvaluation in housing markets across Canada during the
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Pace of home price inflation to slow in 2016

The Toronto and Vancouver residential real estate markets led the country in strong gains during the fourth quarter of 2015, according to the recent Royal

Ottawa’s LeBreton Flats a ‘legacy’ in the making

Ottawa’s LeBreton Flats is being redeveloped into a world-class cultural destination dedicated to open green spaces, public facilities, housing and hockey.

New condo to create eastern gateway to Yorkville

Toronto’s Yorkville neighbourhood will have a new eastern gateway at the northwest corner of Yonge St. and Cumberland St. with the development of 8 Cumberland. The
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Canadian home sales dipped in December

Canadian home sales experienced a slight decrease of 0.6 per cent from November to December, according to statistics recently released by the Canadian Real Estate

Housing starts trended lower in December

According to Canada Mortgage and Housing Corporation (CMHC), the trend measure of housing starts in Canada fell to 203,502 units in December from 208,204 in

TREB raises tax fairness at budget committee

The Toronto Real Estate Board (TREB) issued a news release Tuesday stating that it would appear before the city’s budget committee to press for fairness in taxation.

Conviction in worker deaths not enough: council

The Provincial Building and Construction Trades Council of Ontario says a recent conviction in construction worker deaths is only a partial deterrent.

2015 luxury real estate sales surged in key cities

Markets in the Greater Toronto Area and Vancouver had a record year for residential real estate over $1 million in 2015, with the most significant

GTA home sales hit record number in 2015

According to a recent statement from the Toronto Real Estate Board (TREB), December 2015 saw the second-best sales on record for the month, concluding a