GTA new home sales dipped in 2022, affected by interest rates, monetary policy
Posted: Jan 27th, 2023In: ConstructionNewsAccording 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[...]
Read More about GTA new home sales dipped in 2022, affected by interest rates, monetary policyResidential construction industry raises funds for housing projects for homeless
Posted: Jan 20th, 2023In: ConstructionNewsThe residential construction industry raised more than $1.4 million for construction of two projects in Toronto that provide housing to those who are experiencing homelessness or at risk of experiencing homelessness. The funds were used[...]
Read More about Residential construction industry raises funds for housing projects for homelessB.C. plans to streamline housing permit approval process to get more homes built
Posted: Jan 17th, 2023In: ConstructionNewsVANCOUVER — 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[...]
Read More about B.C. plans to streamline housing permit approval process to get more homes builtVancouver market takes ‘wait and see’ approach as Dec. sales fall 52% from year ago
Posted: Jan 7th, 2023In: ConstructionNewsGreater 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[...]
Read More about Vancouver market takes ‘wait and see’ approach as Dec. sales fall 52% from year agoToronto city council approves plan to allow for greater density in residential areas
Posted: Dec 21st, 2022In: ConstructionNewsToronto city council has approved a sweeping housing plan that will significantly transform zoning bylaws in an effort to address the affordability crisis. A majority of councillors — 23 out of 26 — voted in[...]
Read More about Toronto city council approves plan to allow for greater density in residential areasToronto’s housing plan could take years to improve affordability for renters: experts
Posted: Dec 20th, 2022In: ConstructionNewsToronto’s recently approved housing plan is a good step forward but it could take years before the increase in supply makes renting more affordable in the city, urban planners and experts say. Toronto city council[...]
Read More about Toronto’s housing plan could take years to improve affordability for renters: expertsRenting increased by three times the rate of home ownership in last decade: RBC
Posted: Dec 12th, 2022In: ConstructionNewsTORONTO – Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the past[...]
Read More about Renting increased by three times the rate of home ownership in last decade: RBCFord to Crombie, mayors criticizing housing law: ‘Get on board’ and ‘stop whining’
Posted: Dec 9th, 2022In: ConstructionNewsThe mayor of Mississauga and other municipal leaders who have voiced opposition to a new provincial housing law need to “get on board” and “stop whining,” Ontario Premier Doug Ford said Wednesday in an unprompted[...]
Read More about Ford to Crombie, mayors criticizing housing law: ‘Get on board’ and ‘stop whining’Ontario won’t allow homes to be built on floodplains, Ford says after fed warning
Posted: Dec 5th, 2022In: ConstructionNewsCLARINGTON, Ont. – Ontario has no plans to allow homes to be built on floodplains, Premier Doug Ford said Friday after the federal environment minister warned Ottawa would not provide disaster compensation where development is[...]
Read More about Ontario won’t allow homes to be built on floodplains, Ford says after fed warningB.C. government to bring in rental changes, supply laws to boost housing
Posted: Nov 27th, 2022In: ConstructionNewsVICTORIA – The British Columbia government has introduced sweeping changes to boost the housing supply, and while local governments say they want to do their part, they’re concerned about effects the laws will have on[...]
Read More about B.C. government to bring in rental changes, supply laws to boost housing