Benchmark lumber prices jump to a record US$1,000 despite slowdown in sales volumes
CALGARY – Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with new all-time record high prices for lumber and oriented strandboard (OSB) building panels. Western SPF (spruce, pine, fir) lumber prices rose to a […]
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Suburbs lead the way in housing completions as starts also climb: CMHC
The suburbs surrounding Toronto, Montreal and Vancouver’s are fueling an uptick in homes beginning construction and properties ready for occupancy, says Canada Mortgage and Housing Corp. In two reports released Monday, the federal housing agency […]
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Average Greater Toronto Area home price to top $1 million for first time in 2021: TRREB
According to the Toronto Regional Real Estate Board (TRREB), the outlook for the Greater Toronto Area (GTA) real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and […]
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How cities can unlock the potential of laneway housing
After an extensive renovation, an old house in a laneway in Toronto became a new two-bedroom home. (LGA Architectural Partners, Ben Rahn/A Frame), Author provided By Shelagh McCartney, Associate Professor, Urban and Regional Planning, Ryerson University; […]
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CMHC: Retail, construction and services workers have high share of mortgage deferrals
OTTAWA – Canada’s housing authority says retail, construction and services workers were the most common deferrers of mortgage payments in the first few months of the COVID-19 pandemic. New data from Canada’s Mortgage and Housing Corp. shows […]
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