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Macdonald advances 57-lot Summit subdivision in Lake Country

23 hours ago

Macdonald advances 57-lot subdivision in Lake Country

It’s still tough to make sales in the Okanagan housing market, but the developer behind a massive, multi-phase development is tapping into a sustained demand from out-of-region markets to keep the project moving forward. 

Waterdown subdivision with up to 1,121-units approved

Developer Penta Properties Inc. has been working with the City of Hamilton to change zoning and create a new subdivision for five years on the 88-acre plot of land that sits at the border between Waterdown and Burlington, Ont.

Collapse of an affordable housing dream

Assembly Corp., founded in 2018, sent shock waves through Toronto’s affordable housing circles this summer when it was forced to declare bankruptcy, just months after entering receivership in May. Several of its mass timber or modular projects are in limbo.

Toronto homes taking a long time to sell amid downturn

Homes across the GTA are taking significantly longer to sell than they did at the high of the real estate market in early 2022, with some property types now spending three to four times as long on the market.

Board of trade calls for reforms to spur housing growth

The Toronto Region Board of Trade is urging the province to amend zoning and building code rules as it says Ontario is on pace to fall well short of its goal of building 1.5 million new homes by 2031.

KIC Realty brings AI firm in-house via Brewpilot merger

Calgary-based real estate brokerage KIC Realty is merging with artificial intelligence (AI) technology firm Brewpilot to bring software development in-house and build tools tailored to its network of more than 150 agents.

Development boom follows Kentville's population surge

Kentville, N.S., spent 15 years with a stagnant population, growing from 5,506 in 1991 to 5,815 in 2006. Now, officials estimate the population at between 7,500 and 8,000 residents, with commercial and residential development accelerating alongside that growth.

Similar Halifax homes face vastly different property tax bills

Halifax is lighting the match, but what happens next is up to the province. A report on the Capped Assessment Program is spotlighting glaring inequities in something intended to help homeowners with their property tax bills.

Is the 'mortgage renewal cliff' making a comeback?

Back in 2023, someone coined the term “mortgage renewal cliff." The idea was that if COVID-era borrowers renewed at much higher mortgage rates, their disposable income would fall off a cliff.

Credit appetite steady, but complex files slowing deals

At a recent mortgage industry panel, lenders described a familiar frustration: files that might qualify on credit can still stall when borrowers’ finances are complex or key documentation is missing.

A clear, simple housing fix (that is also wrong)

OPINION: According to reporting by The Globe and Mail, developers are lobbying to allow buyers of new homes to deduct mortgage interest from their taxable income. There are a number of problems with this.

Realtors' AI use is up. The results aren’t

In June, 23 per cent of realtors said they use AI daily and another use it 25 per cent weekly. But the percentage who said AI had a significant positive impact on their business dropped.

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