Unprecedented construction needed in B.C. to offset record immigration: Report
Posted: Mar 30th, 2023In: ConstructionNewsVANCOUVER — Home construction in British Columbia will need to rise to unprecedented levels to offset the impact of record immigration on the housing market, the B.C. Real Estate Association said in a new report[...]
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Ontario budget shows lower projections for new home construction
Posted: Mar 25th, 2023In: ConstructionNewsTORONTO — Projections in Ontario’s budget for housing starts show the province’s target to build 1.5 million homes in 10 years slipping further out of reach with each passing year. Nearly 100,000 homes were built[...]
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CMHC says annual rate of housing starts climbed 13 per cent in February
Posted: Mar 16th, 2023In: ConstructionNewsOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts climbed 13 per cent in February. The national housing agency says the seasonally adjusted annual rate of housing starts for the[...]
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CMHC says annual rate of housing starts slowed 13 per cent in January
Posted: Feb 16th, 2023In: ConstructionNewsOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts fell 13 per cent in January. The national housing agency says the seasonally adjusted annual rate of housing starts for the[...]
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Industry groups urge government to prioritize purpose-built rentals to tackle housing deficit
Posted: Feb 14th, 2023In: ConstructionNewsA new report by the Building Industry and land Development Association (BILD) and the Federation of Rental-housing Providers of Ontario (FRPO) has warned of a concerning shortage of rental housing in the Greater Toronto Area[...]
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B.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[...]
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Vancouver 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[...]
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B.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[...]
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Vancouver home sales down 46% from last year, up 13% from September: board
Posted: Nov 5th, 2022In: ConstructionNewsVANCOUVER – The Real Estate Board of Greater Vancouver says home sales continued to plunge in October, falling 45.5 per cent from the year before even as they increased 12.8 per cent from September. Last[...]
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Annual pace of housing starts up in September, hitting highest level since Nov. 2021
Posted: Oct 22nd, 2022In: ConstructionNewsOTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose to the highest level since November 2021. The national housing agency says the seasonally adjusted annual rate of[...]
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