Industry News

University District

Calgary’s University District gets LEED Platinum

Calgary’s University District is the largest residential project in Canadian history to earn LEED Platinum certification for Neighbourhood Development.
housing starts

Canadian housing starts trend lower in August

The trend measure of housing starts in Canada was 195,640 units in August, down from 201,379 in July, according to Canada Mortgage and Housing Corporation.
OHBA

Neil Rodgers named the next president of OHBA

Neil Rodgers will be elected the 2016-2017 president of the Ontario Home Builders’ Association (OHBA) at the organization’s annual Meeting of Members.
mortgage

CMHC generates $338-mil in net income for Q2

CMHC’s recent Q2 financial results stated that during the last quarter, it generated $338 million in net income from its mortgage loan and other programs.
Metro Vancouver

Metro Vancouver home sales fall 22.8 per cent

For the second month in a row, home sales in Metro Vancouver have slowed considerably, returning to more typical levels for the month.
August 2016

GTA home sales surge 23.5 per cent in August

In August 2016, the TREB reported a record 9,813 GTA home sales through the MLS System, which is 23.5 per cent above the number of August 2015 transactions.
interest rates

Bank of Canada interest rates remain on hold

The Bank of Canada has announced it is keeping its target overnight lending rate at 0.5 per cent, but lower interest rates are expected for the near future.
home-prices

GTA low-rise home prices surpass record in July

July 2016 saw the average price of a new low-rise home in the GTA exceed $900,000 for the first time, according to BILD.
Metro Vancouver

Vancouver home sales slowed in July

According to the Real Estate Board of Greater Vancouver, there were 3,226 home sales in the region in July 2016, a drop of 18.9 per cent year-over-year.
Collier Centre

Barrie’s Collier Centre nears completion

Fortress Real Developments Inc. has announced its Collier Centre and Lakeview Condominium project in Barrie, Ontario, is now over 80 per cent complete.
record

Record high B.C. home sales expected for 2017

A recent forecast from the BCREA finds residential sales are expected to jump 10.4 per cent to 113,000 units this year, surpassing the previous record.
liveable cities

Canada ranks high on ten most liveable cities list

Three of the ten most liveable cities in the world are located in Canada, according to a new report by The Economist Intelligence Unit.
July

Associa selected to manage waterfront condo

Associa MRCM has been awarded the management contract for Grand Harbour, part of Etobicoke’s Landmark Waterfront condominium community.
Doors Open Toronto

Doors Open Toronto issues call for proposals

The 18th annual Doors Open Toronto, a free weekend-long celebration of Toronto’s architecture, history and urban design, will be held May 27 and 28, 2017.
home inspector

Ontario plans to regulate home inspectors

Ontario plans to introduce legislation this fall that would regulate the province’s home inspectors in order to provide better consumer protection.
condo

Supply of new condo units drops to six-year low

According to a new Urbanation report, there were 7,731 new condo units sold in the GTA during Q2-2016, a 26 per cent increase year-over-year.
home sales

National home sales continue to decline: CREA

Canadian home sales fell 1.3 per cent from June to July 2016, marking the third consecutive month of declines, according to data released by the CREA.