Canada
CondoBusiness
February housing starts relatively unchanged
In February 2016, the trend measure of Canadian housing starts was 198,880 units, compared to 199,107 units in January, according to Canada Mortgage and Housing
Canadian Apartment Magazine
Average cost to rent an apartment in Canada
Rentseeker.ca, Canada’s leading apartment finder and real estate listing website, recently published its Fall 2015 infographic featuring the average cost to rent an apartment throughout Canada. Broken
CondoBusiness
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
CondoBusiness
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,
CondoBusiness
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
CondoBusiness
Canadian housing starts trend upward in October
According to Canada Mortgage and Housing Corporation (CMHC), the trend measure of housing starts in Canada for October was 206,089 units, compared to 202,793 in
CondoBusiness
Canadian home sales dipped slightly in July
Canadian home sales, as tracked through the MLS systems of real estate boards and associations across the country, dipped 0.4 per cent from June to July. This marks the second
CondoBusiness
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.
CondoBusiness
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.
CondoBusiness
Non-permanent residents shape housing market
According to a new CIBC World Markets report, non-permanent residents (NPRs) of Canada are reshaping the country’s housing market. The report, which notes that NPRs have now reached record levels, at 770,000 people, says this demographic is a major force capable of influencing macro-economic variables like housing activity.
CondoBusiness
Housing affordability declines in Q4 2014: RBC
The latest Housing Trends and Affordability Report from RBC Economics found that the Canadian home ownership dream became slightly less affordable in the fourth quarter of 2014. Between November and December of last year, resale activity fell 5.6 per cent, the sharpest month-over-month decline recorded in four and a half years.
Canadian Apartment Magazine
Newfoundland invests in affordable housing
A $68-million Investment in Affordable Housing (IAH) agreement has been reached with the federal government and the Government of Newfoundland and Labrador. The funding, delivered through an extension to the existing IAH agreement, will be distributed through the Newfoundland and Labrador Housing Corporation (NLHC) over the course of five years.
Canadian Facility Management & Design
Feds provide funds for Saskatchewan projects
The Government of Canada is providing $436.7-million, through the Provincial Territorial Infrastructure Component (PTIC) of the New Building Canada Fund (NBCF), to the province of Saskatchewan for new projects. Of that sum, $196.5-million will be dedicated to provincial projects and the remaining $240.2-million will go to other eligible PTIC applicants.
Canadian Facility Management & Design
Unprecedented donation funds health care centre
The largest private Canadian health care donation ever made will help to fund the construction of the Ted Rogers Centre for Heart Research in Toronto, O.N. The $130-million donation, supplied by the Rogers family, will assist the development of the facility, which will specialize in individualized genomic medicine, tissue engineering and advanced cardiac care. An additional $139-million in funding will be supplied by SickKids, the University Health Network (UHN) and the University of Toronto (U of T).
Canadian Apartment Magazine
CAPREIT and I-RES enter acquisition agreement
The Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has entered into a mutually beneficial agreement with Irish Residential Properties REIT plc (I-RES) in which both companies will have the opportunity to acquire properties from one another. For up to one year, CAPREIT will have access to €150 million to acquire high quality Irish properties and, once funding has been sourced, I-RES will be able to acquire CAPREIT properties.




