Industry News
Industry loses noted architect Brian L. Curtner
With great sadness, Quadrangle Architects shared that founding principal Brian L. Curtner passed away Saturday from cancer. He was 64.
Vancouver condos lure ultra-wealthy homebuyers
Luxury market analysts conclude Vancouver is well positioned to attract more ultra-wealthy homebuyers who face economic and/or political turmoil in their own countries.
Harper pledges to help first-time home buyers
Prime Minister Stephen Harper unveiled a pledge Wednesday to raise the Home Buyers’ Plan withdrawal limit from $25,000 to $35,000 if re-elected.
Building permit values rose 14.8 per cent in June
The total value of building permits rose 14.8 per cent in June to $7.7 billion, following a 13.9 per cent drop in May, reports Statistics Canada.
Investors exit syndicate mortgage for SoBa condo
Centro Mortgage Inc. recently announced the exit of investors in a syndicate mortgage for a Fortress Real Developments Inc. project in Ottawa.
Calgary’s lower housing demand to persist: CREB
Calgary’s low housing demand is expected to persist through to the end of 2015, according to the Calgary Real Estate Board's mid-year forecast for 2015.
WorkSafeBC to heighten asbestos inspections
WorkSafeBC prevention officers will be increasing inspections of residential demolition and renovation sites to ensure contractors are adhering to health and safety laws when identifying and removing asbestos.
GTA condo sales up 14.4 per cent annually in July
July’s 2,429 condominium apartment sales in the GTA marked a 14.4-per-cent year-over-year increase, reports the Toronto Real Estate Board (TREB). Overall, last month’s home sales for the region
New product drove Q2 condo sales in the GTA
A total of 6,297 new condominium units were sold in the Greater Toronto Area during the second quarter of this year, according to Urbanation.
Real estate industry loses environmental guide
Dr. Donald (Don) Pinchin was a respected scientist and a strong communicator who supported the real estate industry in its pursuit of health, safety and regulatory compliance.
$12.85-mil equity financing for Yorkville project
Greybrook Securities and Greybrook Realty Partners Inc. have announced the closing of a $12.85-million private placement of units of the Greybrook Scollard Limited Partnership.
Celestica to sell Toronto property to developers
Celestica has entered into a $137-million agreement to sell the property where its Toronto corporate headquarters and manufacturing operations are located.
Condo rentals up 20 per cent from last Q2: TREB
The Toronto Real Estate Board reports that 8,821 GTA condo rentals occurred through the MLS system in Q2-2015, a 20.3-per-cent year-over-year increase.
Condo sales up 17 per cent from last Q2: TREB
The Toronto Real Estate Board (TREB) reported 7,656 condominium apartment transactions through TREB’s MLS system in Q2-2015, a 17-per-cent increase over the same period in 2014.
Fortress acquires Collier Centre project in Barrie
Fortress Real Developments has arranged to acquire the Collier Centre in Barrie, Ontario, a mixed-use building that began construction in 2012.
Canadian home sales dipped from May to June
The number of Canadian home sales tracked through local MLS Systems dipped 0.8-per-cent month-over-month in June, says the Canadian Real Estate Association.
Stalled economic growth worries central bankers
Bank of Canada Governor Stephen Poloz suggests the economy is now on two distinct growth tracks, but acknowledges that hits in the resource sector ripple out to other industries.
