Real Estate News
Real Estate News
First-Time Buyers Are Bringing On Bidding Wars And Closing In On $1M Listings
Toronto agents say first-time buyers are flooding into open houses and dominating offer nights, which is something they haven’t seen happen since the Bank of Canada began to turn up the heat on interest rates.
Mar 18, 2024
Industry
Finalists Announced For 2024 HAVAN Housing Excellence Awards: Full List
The 15th year of the Homebuilders Association Vancouver Awards will be held on Saturday, May 4.
Real Estate News
The Last "Uneventful Month"? Canada's Home Price Decline Comes To A Halt In February
“It’s looking like February may end up being the last relatively uneventful month of the year as far as the 2024 housing story goes,” said Shaun Cathcart, CREA’s Senior Economist.
Real Estate News
Fake Invoices And Dim Sum Meeting At Centre Of Development "Gone Terribly Wrong"
The two sides of a recent lawsuit were involved in one real estate development in Prince George and one in Abbotsford.
Insider: Rate Cuts A Must For Housing Supply (And They Can’t Come Soon Enough)
The data shows it is completely plausible — and possible — to serve tens of thousands of new housing units into the market in the coming months, just by lowering rates.
Construction
Canadian Housing Starts Surge 14% In February As Builders Play “Catch Up”
However, Right at Home Realty President John Lusink urges Canadians to keep expectations at bay: “We are just so far short of being able to satisfy real demand.”
Development Projects
Still No Completion Date For The One As SKYGRiD Takes Over Construction
A weeks-long transition culminated this week in SKYGRiD fully taking over construction of The One.
Real Estate News
$15M Mansion In Toronto’s Bridle Path Set To Be Demolished
Although one can only imagine that whatever the current homeowners have planned for the prestigious plot of land will be grand, the existing property at 42 Park Lane Circle sets the bar quite high.
Affordable Housing
'Mortgage Madness': GTA Developer Will Cover First Two Years Of Payments
Camrost Felcorp is offering a limited-time purchase incentive, wherein the developer will carry two years of mortgage payments at three of their hottest pre-con projects.
Policy
Every Ontario Municipality To Qualify For The Building Faster Fund In 2023 (MAP)
Keeping track so you don’t have to: these are the municipalities that hit at least 80% of their provincially mandated housing target last year.
Policy
Vancouver Approves Motion To Explore Building Co-Op Housing On City-Owned Land
The motion calling for Vancouver to explore ways to build more co-op housing on City-owned land was introduced by Councillor Sarah Kirby-Yung.
Real Estate News
Broadway Plan Numbers Are A Matter Of Nuance, And Debate
As of the start of this month, 36 applications to rezone properties within the Broadway Plan had been submitted to the City of Vancouver, but some say the actual number of planned developments is much higher.
Policy
Does British Columbia Really Need A Flipping Tax?
How big of a problem is flipping these days? And what are the unintended consequences of the BC government's proposed flipping tax?
Real Estate News
Rare Piece Of Lake Ontario Cuts Asking Price By $20M
The drop in price comes after the City of Pickering made two unsuccessful bids on the Frenchman's Bay property.
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