As Ontario struggles with a significant undersupply of housing, investors are holding on to a marked share of condominium apartments.| Storeys
On Tuesday, Vaughan Mayor Steven Del Duca and Members of Council approved substantial reductions in development charge rates in the name of encouraging development and building more homes for their growing population.Before the reductions, Vaughan had some of the highest development charges in the G...| Storeys
A report released Wednesday finds that the GTA is on track to amass a roughly 235,000-unit deficit in purpose-built rental (PBR) housing supply over the next 10 years, made up of the current and projected shortfall in units. Using comparative pro forma analysis, the report also shows how far targete...| Storeys
At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| Storeys
Toronto condo investors were losing an average of $223 per month in 2022, compared with earnings of $63 per month in 2020.| Storeys
After a somewhat promising June, data from Canadian Real Estate Association's (CREA) July 2024 statistics report reveals housing market activity effectively stalled in July, despite the July 24 interest rate cut.In June, the "fledgling" market saw slight increases in month-over month sales, tighter ...| Storeys
A group of developers, led by Wesgroup, recently launched a campaign against the upcoming increases to Metro Vancouver's DCCs.| Storeys
Last week, the federal government announced it will be cutting immigration in response to mounting economic pressures, including the cost and availability of housing. This move from the feds would involve lowering the cap on permanent residents and introducing controlled targets for temporary reside...| Storeys
Ahead of the February 27 Ontario general election, the Ontario Real Estate Association (OREA) is calling on all political parties to prioritize tackling the Province's housing crisis by providing ten "bold" actions for improving housing affordability and consumer protection.The actions, released on ...| Storeys
The four overarching goals of the new Downtown Action Plan are to facilitate economic, residential, vibrancy, and business growth, says the City of Edmonton.| Storeys