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Condo developers offer free wine, avocado toast to woo buyers in slowing market
VANCOUVER – It wasn't that long ago that prospective homebuyers in Vancouver would line up for hours to get into condo presale events or face off in heated bidding wars for a chance to buy property in one of the country's hottest housing…
CMHC reports pace of Canadian housing starts slowed in May, below estimate
The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…
As Montreal booms, city’s reputation for affordable apartments takes a hit
MONTREAL – When Erica Fagan and her fiancé started looking for a new apartment in their St-Henri neighbourhood, they thought they had reasonable criteria: they wanted a two-bedroom place where they could bring their own appliances and their…
Edmonton’s new Walterdale Bridge connects the city, nature, and people
The city of Edmonton, Alberta welcomes their new single span, twin through-arch steel structure, Walterdale Bridge that stretches from bank to bank across the North Saskatchewan River.Greater than the length of two football fields,…
The City of Toronto releases first ever Resilience Strategy
The City of Toronto has officially released Toronto's first ever Resilience Strategy to approach building a more resilient city holistically.In 2016, Toronto joined the global network hosted by 100 Resilient Cities, initiated by The…
Venture capitalist Roger McNamee calls for end to Sidewalk Labs development
TORONTO – A prominent technology investor is adding his voice to those calling on Toronto to abandon the proposed Sidewalk Labs development on the city's waterfront.Venture capitalist Roger McNamee, who was an early investor in Facebook…
CRA identifies more than a billion dollars in additional taxes in BC and Ontario real estate markets…
Diane Lebouthillier, Minister of National Revenue, has announced the updated results for the CRA's audits in the real estate sector. Since 2015, CRA audits have identified over $1 billion in additional gross taxes related to the real estate…
Manitoba government report calls Winnipeg development planning ‘dysfunctional’
WINNIPEG — A report by the Manitoba government says development planning at Winnipeg City Hall is dysfunctional and is chasing away investment.The report from the Treasury Board Secretariat is the latest volley in a war of words…
Ontario Launches Search for Development Partners to Transform Ontario Place
The Ontario government has announced that, it is “launching a world-wide search to find a private sector partner, or partners, with the best, most remarkable concepts to transform Ontario Place into the world-class destination it was always…
Homebuyers escaping high housing costs by relocating to secondary cities
TORONTO – Danielle Bacci's favourite part of her move to near Windsor, Ont., is the lack of traffic along her 15-minute commute to work in nearby Leamington.The 26-year-old bank employee and her partner left Toronto and bypassed the…