Anthem United and Ronmor Group to partner on 836-Acre master planned community in Calgary

Anthem United and Ronmor Group to partner on 836-Acre master planned community in Calgary
  VANCOUVER – Anthem United and its partners have acquired a 50% interest in an 836-acre residential development in Northwest Calgary, Alberta, which they will develop as a joint venture with the Ronmor Group, the owner of the remaining 50%. Currently known as Glacier Ridge, the future master-planned community will include approximately 4,135 single family homes, 87 acres of multifamily... Read More

Construction growth in PEI to remain strong to mid-decade

Construction growth in PEI to remain strong to mid-decade
OTTAWA – Construction and maintenance activity in Prince Edward Island is expected to increase in 2021 before slowing through the middle part of the coming decade. Construction employment, as a result, will increase through 2025 before falling back through 2030. The latest labour market information released today by BuildForce Canada shows that construction demand in the province will accelerate in... Read More

February marks a new sales record in Quebec City

February marks a new sales record in Quebec City
  QUEBEC CITY – The Quebec Professional Association of Real Estate Brokers has just released its residential real estate market statistics for the Quebec City Census Metropolitan Area for the month of February, based on the real estate brokers’ Centris provincial database. “The decrease in active listings continued in February with a record-setting drop for single-family homes (-61 per cent)... Read More

New mortgage lending hits record high during pandemic, StatCan study

New mortgage lending hits record high during pandemic, StatCan study
  OTTAWA – Mortgage borrowing reached record highs in 2020, with households adding nearly $108 billion in mortgage debt, compared with less than two-thirds of that amount in 2019 and just under $46 billion in 2018. Despite the economic upheaval caused by the pandemic, expected credit losses on mortgage loans remained slight, accounting for 0.1% of mortgage debt as a... Read More

Potential municipal land transfer tax hike could reduce supply and affordability of modest Toronto homes

Potential municipal land transfer tax hike could reduce supply and affordability of modest Toronto homes
TORONTO – The Toronto Regional Real Estate Board is raising concerns about the potential for City Council to increase the Municipal Land Transfer Tax when it meets next week to approve the City’s 2021 Budget. TRREB’s concerns focus on the potential for the tax increase to further constrain the supply of homes for sale in Toronto, thereby exacerbating housing supply... Read More

TRREB forecasts strong demand for real estate in 2021

TRREB forecasts strong demand for real estate in 2021
  TORONTO – The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. Today, the Toronto Regional Real Estate Board (TRREB) is unveiling its  Market Year in Review & Outlook 2021 Report and eagerly awaited digital digest containing TRREB’s annual market outlook,... Read More

As Canadians flee cities, rural living gets its mojo back

As Canadians flee cities, rural living gets its mojo back
  HALIFAX – It’s no secret the COVID-19 pandemic has caused many Canadians to move from cities to the suburbs and even the countryside. According to Statistics Canada, the phenomenon led to a record loss of population in Toronto, Montreal and Vancouver in 2020. Vacancy rates are skyrocketing in many urban centres across the country. The same phenomenon is happening... Read More