Strong condo demand continued in Q2 2021

Strong condo demand continued in Q2 2021
  TORONTO – Second quarter 2021 GTA condominium apartment sales were up substantially compared to Q2 2020, but ebbed slightly compared to Q1 2021, following the broader market trend. Competition between buyers continued to accelerate compared to last year, which led to year-over-year and quarter-over-quarter average price increases. Greater Toronto Area REALTORS® reported 8,793 condominium apartment sales in the GTA... Read More

Tesla, Brookfield and Dacra announce large-scale sustainable neighborhood in Austin, Texas

Tesla, Brookfield and Dacra announce large-scale sustainable neighborhood in Austin, Texas
  AUSTIN – Tesla Energy, Brookfield Asset Management Inc.  (NYSE: BAM; TSX: BAM.A) and Dacra today announced a new initiative, provisionally named SunHouse at Easton Park, the first Tesla Solar neighborhood and the nation’s most sustainable residential community. Combining the real estate expertise of Brookfield and Dacra with Tesla Energy’s innovative products and knowledge, the state-of-the-art sustainable features will be... Read More

After four quiet years, condo presale buyers return to Downtown Vancouver

After four quiet years, condo presale buyers return to Downtown Vancouver
  VANCOUVER – Real estate market analysts say that after four years of failed condo presale launches in downtown Vancouver, buyers are returning. Pattison Group and Reliance Properties just launched sales of 2 Burrard Place and sold more than 100 homes (out of 239 homes) in two days to early registrants. Urban Analytics said the early success of 2 Burrard Place is being watched by developers whose projects have... Read More

Marlin Spring acquires 1.12 acres in Toronto’s east end

Marlin Spring acquires 1.12 acres in Toronto’s east end
  TORONTO – Marlin Spring, along with its capital partner Greybrook Realty Partners, has acquired a 1.12 acre property on Cosburn Avenue in the Broadview North neighborhood, in the heart of Toronto’s Old East York Region and plans to develop and construct a significant multi-tiered residential building. “The central location of the project affords future residents access to numerous existing... Read More

Kootenays’ strong population growth outpacing housing supply, pushing prices to record highs, says CPABC

Kootenays’ strong population growth outpacing housing supply, pushing prices to record highs, says CPABC
  CRANBROOK – According to BC Check-Up: Live, an annual report by the Chartered Professional Accountants of British Columbia (CPABC) on demographic and affordability trends across the province, the Kootenays’ population growth of 1,200 residents in 2020 was approximately three-quarters of the gain 2019, bringing the total population to 163,123 residents. “The region’s population growth has slowed from its peak... Read More

Tribe Property Technologies and APOLLO Insurance enter joint campaign to digitize insurance

Tribe Property Technologies and APOLLO Insurance enter joint campaign to digitize insurance
  VANCOUVER – Tribe Property Technologies (TSXV: TRBE)  and Apollo Insurance Solutions Ltd. have entered into a joint campaign to digitize insurance access for condo owners, renters, landlords and developers across Canada, making insurance access easier and faster for owners, while improving the coverage and protection of condominium and rental buildings. Surveys have found that of the approximately 4.5 million... Read More

Near record-breaking new listings in the Fraser Valley not enough to match insatiable buyer demand

Near record-breaking new listings in the Fraser Valley not enough to match insatiable buyer demand
  SURREY – Fraser Valley’s extraordinary pandemic real estate market continued to break sales records – for the ninth consecutive month – while at the same time, reaching near-historic levels of new listings in May. In May, the Fraser Valley Real Estate Board (FVREB) processed 2,951 sales on its Multiple Listing Service (MLS), an increase of 267 per cent compared... Read More

How to cool Canada’s overheated housing market

How to cool Canada’s overheated housing market
Rather than distorting housing markets further, Canada needs an economy free from nonsense restrictions on investment and entrepreneurship As economists Jake Fuss and Tegan Hill have warned, the macro effects of government stimuli to address COVID-19 lockdowns are starting to emerge. In Canada, they have taken the form of an overheating housing market. With mortgage rates plunging to historic lows,... Read More

Generation gamble? Millennials more willing to engage in bidding wars to get their dream home: TD Survey Shows

Generation gamble? Millennials more willing to engage in bidding wars to get their dream home: TD Survey Shows
  TORONTO – According to a recent real estate survey commissioned on behalf of TD, one-third of Canadians surveyed (32 per cent), are willing to take part in a bidding war in order to secure their dream home, as housing prices continue to soar in many markets across the country. Interestingly, the TD survey also reveals that a homebuyer’s willingness... Read More