Browsing Tag

home prices

Canada Infrastructure Bank and Avenue Living Address Multi-Family Residential Retrofits

Building Jul 5, 2022

The Canada Infrastructure Bank (CIB) and Avenue Living Asset Management (Avenue Living) announced a commitment of $150 million towards sustainable retrofit projects in low-density residential buildings across Western Canada.Under the…

Real Estate

Calgary home sales ease as detached and semi detached markets see pullback: board

The Canadian Press Jul 4, 2022

CALGARY – The Calgary Real Estate Board says sales eased in June as the market experienced a pullback in the detached and semi-detached housing categories.The Alberta board says last month's sales amounted to 2,842, down two per…

Real Estate

Canada needs to build more affordable housing for newcomers

Fawziah Rabiah-Mohammed, Abe Oudshoorn, Cindy Brown, Luc Theriault Jul 4, 2022

Minister of Immigration, Refugees and Citizenship Marco Mendicino holds a press conference in Ottawa in November 2020. THE CANADIAN PRESS/Sean Kilpatrick Fawziah Rabiah-Mohammed, Western University; Abe Oudshoorn, Western University;…

Building

Amid rental housing crunch in St. John’s, nearly one in five city units sits empty

Sarah Smellie - The Canadian Press Jun 30, 2022

JOHN'S, N.L. — As a shortage of affordable rental housing grips the capital of Newfoundland and Labrador, an anti-homelessness group is calling on the City of St. John's to fill its vacant public units.Doug Pawson, executive director…

Real Estate

Ford says he’ll have an ‘aggressive’ housing plan, will focus on vacant property

The Canadian Press Jun 28, 2022

TORONTO — Ontario Premier Doug Ford, whose previous government said it was stymied by municipalities in making further progress on housing supply, said Monday he will have a very ``aggressive'' plan moving forward.Ford said that supply…

Construction

Record-setting year for residential construction industry: CHBA report

Building Jun 24, 2022

The Canadian Home Builders’ Association (CHBA) has released its annual report on the performance of Canada’s residential construction industry, which according to the association, details a record-setting year for the industry in its…

Real Estate

Canadian home buyers face least affordable market in a generation: RBC

Building Jun 24, 2022

RBC’s latest housing affordability report released Thursday reveals that the situation is the worst its been since the early 1990s, and will worsen before it gets better.RBC’s aggregate affordability measure for Canada went up 3.7…

Construction

Alberta housing starts rebound to 2015 levels as oil prices surge

Amanda Stephenson – THE CANADIAN PRESS Jun 21, 2022

CALGARY – Alberta's cities are once again abuzz with the sound of hammers and saws as surging oil prices fuel a fresh building boom in the province.According to Statistics Canada, housing starts in Alberta, seasonally adjusted at an…

Real Estate

Ontario must commit to affordable housing for all, not attainable housing

Murat Ucoglu, Ute Lehrer, York University Jun 21, 2022

A for sale sign outside a home indicates that it has sold for over the asking price, in Ottawa, in March 2021. House prices and rents have become increasingly more unaffordable in Ontario over the past few years. THE CANADIAN PRESS/Justin…

Real Estate

Canada’s house price boom strongest in suburbs as gap with downtown shrinks: Study

The Canadian Press Jun 21, 2022

OTTAWA — New research shows house prices in Canada's suburbs grew faster than in downtown areas during the pandemic as remote work spurred a preference for bigger homes.The Bank of Canada said in a study Monday that the closure of many…

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