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R-LABS gets $3.5M to invest in real estate services, tech innovators

1 day ago

R-LABS gets $3.5M to invest in RE services, tech innovators

R-LABS Canada Inc., an organization that incubates innovators in real estate, has raised $3.5 million to strengthen its support for solutions that tackle the sector's critical issues such as housing affordability.

Simple Life aims to build sustainable prefab housing - quickly

Delivering sustainable homes at speed is the driving mindset for Simple Life Homes, a Brighton, Ont.–based prefabricated homebuilder that seeks to serve a range of customers.

CMHC update: Holdbacks eliminated for MLI standard

GUEST ARTICLE: Rental achievement holdbacks will no longer be a requirement for multi-unit loan applications under the MLI market / standard rental product. However, rate increases could add significant costs to developers financing projects under some Canada Mortgage and Housing Corporation (CMHC) products.

Disruptive real estate platform Hyyve goes live in Toronto

Real estate platform Hyyve has officially launched in Toronto, introducing its out-of-the-box approach to matching Realtors with sellers. With Hyyve, Realtors bid on residential listings, competing with other agents in what’s essentially a bidding war to get clients. 

VTB mortgages surge as traditional lending tightens

COLUMN: Seller-financed deals — specifically vendor take-back (VTB) mortgages — aren’t just surviving in Canadian real estate. They’re booming. A VTB mortgage is when a seller loans a portion of the purchase price to the buyer, typically secured against the home.

Toronto sees new wave of listings, pricing pull-back in July

Motivated sellers are reducing their asking prices in the Toronto-area real estate market as competing properties arrive in July. For homeowners listing for the first time this summer, one broker recommends an “aggressive” asking price from the start.

How a housing market crash could be good news for Toronto

OPINION: Toronto appears to be stuck in a paradox. It needs lower home prices, but it also requires more homes, and lower prices make it financially unviable to build that housing. But there is a path forward.

Affordable homeownership in Ottawa dwindling: study

According to the 2024 Housing Needs Assessment, the proportion of homeowners in Ottawa paying $2,000 or more per month for housing costs nearly tripled from 2006 to 2021 (from 11.5 per cent to 34.2 per cent).

In a tough market, agents try new novelties to grab attention

In a world of virtual tours, the need for an agent’s or broker’s open house has waned. But with some new twists and a little social media magic, a newer style of event-oriented open house may be on the rise.

Should Toronto have a colour-coded building ranking system?

A renewed call to enact a DineSafe-like colour-coded sign system for Toronto apartment buildings plagued by issues like bed bugs or neglected repairs is being brought to city council later this month.

Weak condo market means tough choices for move-up buyers

While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.

Many Edmonton renters have no plans to buy homes

Many Edmonton renters may be considering home ownership, a new survey has found, but few plan to make the jump to ownership anytime soon. That’s good news for investors considering purchasing a property to rent.

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