housing affordability

2021 home sales set new record, tops previous high by 20 per cent: CREA

By:Building .caPosted: Jan 18th, 2022In: ConstructionNews

The 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[...]

Feds give co operative housing providers extra help to ease rental costs

By:Building .caPosted: Jan 14th, 2022In: ConstructionNews

Toronto housing co-operative ’60 Richmond East Housing Co-op’ is an urban in-fill project that incorporates a dynamic building program and LEED initiatives, designed by Teeple Architects Inc.. (Photo: by Shai Gil via TeepleArch.com) OTTAWA –[...]

New home prices increase nationally in October

By:Building .caPosted: Nov 20th, 2021In: ConstructionNews

According to the Statistics Canada ‘New Housing Price Index, October 2021’, new home prices increased 0.9% in October nationally, slightly higher than the rise observed over the past four months. Prices were up in 15 of the 27 census metropolitan[...]

Record High Q3 for GTA New Condo Sales: Urbanation

By:Building .caPosted: Nov 8th, 2021In: ConstructionNews

According to data from the recently released Urbanation Inc., Q3-2021 Condominium Market Survey, new condominium apartment sales in the Greater Toronto Area totaled 7,773 units during the third quarter of 2021, increasing 22% year-over-year from[...]

Nova Scotia housing plan includes temporary rent cap, $35 million for new units

By:Building .caPosted: Oct 21st, 2021In: ConstructionNews

HALIFAX – A temporary rent cap will be legislated as part of a wide-ranging government plan to address Nova Scotia’s lack of affordable housing. The Progressive Conservative government introduced a plan Wednesday that also includes[...]

Chantal Hébert – In Pursuit of Housing: The Impact of Canada’s Federal Election

By:Building .caPosted: Oct 16th, 2021In: ConstructionNews

Welcome to CREA’s REAL TIME – a podcast dedicated to sparking conversations with inspiring people about all things Canadian real estate and impacts to REALTORS® and Canadians. Canadians have had their say in Canada’s 44th[...]

Vancouver Affordable Housing Development for Women by Women Achieves Milestone

By:Building .caPosted: Oct 7th, 2021In: ConstructionNews

GBL Architects reports reports that it has received unanimous approval from the City of Vancouver Council for their new housing development for the international non-profit organization and global volunteer organization Soroptimist International of Vancouver. The housing[...]

OREA calls for end to exclusionary single family zoning in high demand areas

By:Building .caPosted: Sep 30th, 2021In: ConstructionNews

The Ontario Real Estate Association (OREA) is calling on the Government of Ontario to cut red tape and build on the successful More Homes, More Choice Act, 2019 by ending Ontario’s exclusionary single-family zoning rules[...]

Canadian housing market moves from moderate to high degree of vulnerability: CMHC

By:Building .caPosted: Sep 29th, 2021In: ConstructionNews

Canada Mortgage and Housing Corporation (CMHC) says home price acceleration, alongside continued overvaluation, as home prices further detach from fundamental factors, such as labour income, has created a high degree of vulnerability in Canada’s housing[...]

Federal election 2021: More supply won’t solve Canada’s housing affordability crisis

By:Building .caPosted: Sep 19th, 2021In: ConstructionNews

A four-year-old girl plays house as Liberal Leader Justin Trudeau makes a campaign stop in Mississauga, Ont., where he spoke of his party’s policy on affordable housing. THE CANADIAN PRESS/Sean Kilpatrick Joel Roberts, York University,[...]