Industry News
Foreign ownership of condos up YOY in Toronto
According to the Canada Mortgage and Housing Corporation (CMHC), recent media stories have indicated that foreign buyers are causing the price of Canadian homes to
National home sales increased in November
According to the Canadian Real Estate Association (CREA), Canadian home sales increased 1.8 per cent in November 2015 compared to October, reaching its highest monthly
Tour des Canadiens celebrates topping-off
Cadillac Fairview, Canderel, the Fonds immobilier de solidarite FTQ and the Montreal Canadiens Hockey Club recently celebrated the finalization of the exterior structure, or topping-off,
GTA high-rise homes dropping in size: BILD
Prices of new low-rise homes in the GTA have reached a record high, according to the Building Industry and Land Development Association (BILD). The average
GTA condo employs new back-up power solution
The Grange, a property managed by Brookfield Condominium Services, will be the first GTA condominium to implement an innovative and affordable back-up power solution by
$1-bil transit-oriented project slated for Brossard
The City of Brossard and Devimco Immobilier have signed an agreement to develop a billion-dollar mixed-use transit-oriented development (TOD) that includes a tramway station in Sector
CREA revises 2015 and 2016 home sales forecast
The Canadian Real Estate Association has revised its forecast for home sales activity through the MLS Systems for both 2015 and 2016. Following its last
Canada modifies mortgage insurance rules
On Dec. 11, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance in order to contain risks in the housing market,
Housing starts trend higher in November: CMHC
According to Canada Mortgage and Housing Corporation (CMHC), Canadian housing starts trended upward in November at 208,401 units, compared to 206,125 in October. The trend
Quadrangle designs six-storey wood frame condo
On December 1, Quadrangle Architects submitted a building permit application to the City of Toronto for a six-storey wood-frame condo to be located at 1884
Stationwest aims to help relieve commuter strain
Adi Development Group is building a new development along one of the GTA’s busiest transit corridors in Aldershot, one of Burlington’s fastest-growing neighbourhoods, with the
New development slated for Laval-des-Rapides
Following several investments in construction projects totaling nearly $1 billion in Laval, the Fonds immobilier de solidarité FTQ has seen potential in the city’s residential,
November home sales hit record number: TREB
According to the Toronto Real Estate Board, there were 7,385 home sales through the MLS System in November 2015, a 14 per cent increase over
Ontario passes Smart Growth legislation
On Dec. 3, the Ontario government passed legislation that intends to give the province’s residents more say in how the land in their communities will
Bill 106 passes third reading at Queen’s Park
Today the Ontario legislature passed Bill 106, the Protecting Condominium Owners Act, in its third and final reading.
Alberta’s first car-free condo breaks ground
On Nov. 19, N3 Condo in Calgary’s East Village broke ground. The project, a joint effort between Calgary-based Knightsbridge, Toronto-based Metropia and the Calgary Municipal
Certified construction trades oppose Dean report
Editor’s note: The headline of this news brief has been updated from an earlier version which mistakenly stated that the Ontario College of Trades opposes the



