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Cities

GTA new home sales dipped in 2022, affected by interest rates, monetary policy

Building Jan 26, 2023

According to the Building Industry and Land Development Association (BILD), 2022 saw the Greater Toronto Area (GTA) experience the lowest level of new home sales since 2018. Altus Group, BILD’s official source for new home market…

Real Estate

Interest rate hikes: The Bank of Canada’s ‘resolute’ fight against inflation could threaten its …

Ellen D. Russell, Associate Professor, Wilfrid Laurier University Jan 26, 2023

Tiff Macklem, Governor of the Bank of Canada, holds a press conference at the Bank of Canada in Ottawa on Jan. 25, 2023. THE CANADIAN PRESS/Sean Kilpatrick Ellen D. Russell, Wilfrid Laurier UniversityThe Bank of Canada…

Real Estate

Bank of Canada hikes key interest rate by quarter point, says it plans to hold

Nojoud Al Mallees – THE CANADIAN PRESS Jan 25, 2023

OTTAWA – The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy.The central bank raised its key interest rate by a quarter of a…

Cities

To attain global climate and biodiversity goals, we must reclaim nature in our cities

Emma Despland, Professor, Biology Department, Concordia University Jan 25, 2023

Conserving nature in cities can help protect the biodiversity within them. (Unsplash) Emma Despland, Concordia UniversityThe climate and biodiversity crises we have been experiencing for the past few decades are inseparable. The…

Construction

B.C. plans to streamline housing permit approval process to get more homes built

Brieanna Charlebois - The Canadian Press Jan 17, 2023

VANCOUVER — The British Columbia government is creating a single hub for developers to get provincial approval to build homes, in a bid to accelerate a housing permit process that has forced them to wait as long as two years.Premier…

Real Estate

Tri City real estate sales in December halved from 2021, fall 23 percent from November

Patrick Penner, Local Journalism Initiative Reporter Jan 13, 2023

By Patrick Penner, Local Journalism Initiative ReporterTRI-CITIES DISPATCHDecember property sales in the Tri-Cities were less than half of those made in 2021, as the dramatic downturn in real estate sales shows no signs of slowing…

Cities

Disrupting City Building Processes with Joy

Paul Kalbfleisch and Scott Higgins Jan 11, 2023

Many of the world’s biggest problems are being pushed down to cities—they are on the frontlines of every crisis from affordable housing to climate change and mental health issues caused by isolation and social division due to digital…

Real Estate

Vancouver market takes ‘wait and see’ approach as Dec. sales fall 52% from year ago

Tara Deschamps – THE CANADIAN PRESS Jan 6, 2023

Greater Vancouver ended 2022 with another month of prospective homebuyers taking a ``wait and see'' approach, which the region's real estate board said pushed down sales by 52 per cent and prices three per cent from the year before.…

Cities

Smart buildings: What happens to our free will when tech makes choices for us?

Patrick Lecomte, Université du Québec à Montréal (UQAM) Dec 29, 2022

A so-called smart building. What will become of our free will when choices are made for us by technology embedded in the building? (Shutterstock) Patrick Lecomte, Université du Québec à Montréal (UQAM)Smart buildings, which are…

Real Estate

Mortgage stress tests unchanged despite housing market slowdown

Ian Bickis – THE CANADIAN PRESS Dec 19, 2022

Mortgage stress test levels were left unchanged Thursday as the federal banking regulator and Department of Finance favoured a cautious approach over calls to relax tests to help a slowing housing market.The Office of the…

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