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Home sales in May down from year ago: Canadian Real Estate Association

Home sales in May down from year ago: Canadian Real Estate Association

OTTAWA — Canada's real estate market softened further in May as sales and prices of existing homes declined and listings rose.
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CMHC says annual pace of housing starts in May up 10% from April

CMHC says annual pace of housing starts in May up 10% from April

OTTAWA — The annual pace of housing starts in May climbed 10 per cent compared with April, helped by gains in Montreal and Toronto, Canada Mortgage and Housing Corp. said.
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Builder fined $200K for safety violations at Burnaby Metrotown highrise project

Builder fined $200K for safety violations at Burnaby Metrotown highrise project

WorkSafeBC has slapped Axiom Builders Inc. with a $198,891.01 penalty for safety violations at a condo tower project on Telford Avenue in Metrotown.
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Delta industrial application waiting six years for provincial approval, complains mayor

Delta industrial application waiting six years for provincial approval, complains mayor

MK Delta Lands says the site is ideally located for logistics and distribution centres
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Coleen Volk named head of Canada Mortgage and Housing Corp.

The federal government has named Coleen Volk as president and CEO of Canada Mortgage and Housing Corp. and Don Iveson as chair of the board of directors.
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B.C. builders take small comfort from interest rate downturn

B.C. builders take small comfort from interest rate downturn

Although it’s only a small drop from 5% to 4.75%, it’s a move in the right direction for a thirsty development community that’s seeing condo projects put on pause or pivoting to rental.
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North Vancouver industrial property changes hands in $145M sale

North Vancouver industrial property changes hands in $145M sale

Hydrogen fuel plant approved for site in major new investment
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Vendor financing still important despite interest rate cut

Vendor financing still important despite interest rate cut

Creative solutions needed as financing costs remain high
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Vancouver council allows 'mass timber' buildings up to 18 storeys

Vancouver council allows 'mass timber' buildings up to 18 storeys

City’s chief building official: “When there is a fire in a mass timber building, we see charring that takes place, and the charring actually helps protect the remainder of the structure.”
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Every new home built requires $100,000 in infrastructure spending: report

Every new home built requires $100,000 in infrastructure spending: report

As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.
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