Worry, buyer’s remorse high as real estate market slowdown materializes
Posted: May 18th, 2022In: ConstructionNewsTORONTO – A wave of buyer’s remorse is taking shape in several heated real estate markets, after housing prices started dropping and the number of sales slowed over the last two months. Realtors and lawyers[...]
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CREA reports home sales down in April as mortgage rates rise
Posted: May 16th, 2022In: ConstructionNewsIncreasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday. The association found the number of homes sold dropped by 25.7[...]
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Vancouver council hiking empty homes tax to 5 per cent of assessed value in 2023
Posted: May 1st, 2022In: ConstructionNewsVancouver is raising the empty homes tax that is designed to ease vacancy rates in the city, from three per cent to five per cent of the property’s value. The motion by Mayor Kennedy Stewart[...]
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Federal housing council calls for budget funding for urban, rural Indigenous people
Posted: Apr 1st, 2022In: ConstructionNewsOTTAWA – A federal housing council says the government should invest at least $6.3 billion over this year and next to deal with the immediate housing needs of Indigenous people in urban, rural and northern communities. The National Housing Council’s report[...]
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Average rents in Canada up 4.4% year over year
Posted: Feb 25th, 2022In: ConstructionNewsThe average rent for all Canadian properties listed on Rentals.ca in January was $1,807 per month, up 4.4 per cent annually and 1 per cent monthly, according to the Rentals.ca and Bullpen Research & Consulting[...]
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National rental price up 3% from last year, while vacancy rates hold steady: CMHC
Posted: Feb 18th, 2022In: ConstructionNewsCanadian tenants faced another year of affordability challenges as rents crept up nationally and were particularly high in Vancouver and Toronto. The findings from Canada Mortgage and Housing Corp.’s annual rental market report released Friday show the[...]
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Despite COVID 19, census shows population grew at fastest rate in G7, topping 36.9M
Posted: Feb 10th, 2022In: ConstructionNewsOTTAWA – Canada’s population grew at a faster rate than many of its peers, rising to over 36.99 million on census day last year despite a historic slowdown caused by COVID-19. Statistics Canada said the[...]
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2021 home sales set new record, tops previous high by 20 per cent: CREA
Posted: Jan 18th, 2022In: ConstructionNewsThe Canadian Real Estate Association says annual home sales reached a new high in 2021, eclipsing the previous record set in 2020 by about 20 per cent. The association said Monday that about 667,000 residential[...]
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Hurdles ahead: Uncovering future challenges faced by the AEC industry
Posted: Nov 15th, 2021In: ConstructionNewsPhoto by Nick van den Berg on Unsplash Hundreds of millions more people will settle in the world’s cities in the coming decades. Artificial intelligence will continue to transform every aspect of our lives. Buildings,[...]
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Amazon cloud computing division to open second Canadian hub in Calgary region
Posted: Nov 9th, 2021In: ConstructionNewsCALGARY – Amazon says it plans to open a second cloud-computing server hub in Canada in late 2023 that will result in billions of dollars of investments in the coming years. Amazon Web Services, the[...]
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