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1 month ago | 
renxhomes.ca | Tyler Choi |John Dujay |Barbara Lawlor
Trailside at Lynn is a 61-unit condo building to be constructed in North Vancouver by Mosaic Homes. (Courtesy Mosaic Homes)The final stage of Mosaic Homes' Lynn Valley community in North Vancouver — a 10-year development project — will break ground this summer. Trailside at Lynn is a five-storey, strata condo building containing 61 homes which will soon be under construction. It is set for completion in two years.
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1 month ago | 
renxhomes.ca | Benjy Katchen |Barbara Lawlor |John Dujay |Tyler Choi
Canadian homebuyers are navigating a complex real estate landscape. Amid trade war uncertainty and economic unease, many are trying to balance homebuying aspirations with affordability challenges. Yet, despite rising housing costs and tariff fears, the desire for single-family homes remains strong. According to Wahi’s What Homeseekers Want survey, 61 per cent of respondents prefer single-family residences over condos or apartments (24 per cent).
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1 month ago | 
torontosun.com | Barbara Lawlor |Martin Slofstra
In a recent discussion, Benjamin Tal, Deputy Chief Economist of CIBC World Markets Inc., said loud and clear that as far as new housing goes, we are in a Buyer’s market. Developers and builders are arming us with incentives and negotiating as we sell down inventory. Our industry is building very little at present, so when we get through the existing inventory, there will be demand and no supply.
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1 month ago | 
renxhomes.ca | Barbara Lawlor |John Dujay
Since taking office, Prime Minister Mark Carney has met with King Charles, French President Emmanuel Macron and U.S. President Donald Trump to emphasize Canada’s position on the world stage. This is impressive, but it is time to focus on what is happening right here at home. We have immediate problems that have to be addressed. First, the economy needs a boost to create more jobs, and of course, we must get the housing industry moving again — and those two goals are intertwined.
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1 month ago | 
renxhomes.ca | John Dujay |Benjy Katchen |Neil Sharma |Barbara Lawlor
A rendering of the Cavendish townhome community, by Panatch Group, in Richmond, B.C. (Courtesy Panatch Group)Builders marketing new homes to extended and larger families are increasingly offering separate, lock-off suites as options in their communities. B.C. developer Panatch Group has joined the trend at its Cavendish townhome project in Richmond.
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1 month ago | 
renxhomes.ca | Benjy Katchen |Tyler Choi |Evan Duggan |Barbara Lawlor
The Bank of Canada has trimmed the nation’s overnight interest rate by 25 BPS to 2.75 per cent, offering an additional incentive for aspiring homebuyers during the busy spring season, while also emphasizing its anxiety over a trade war with the U.S. The seventh consecutive reduction since June 2024, it reflects decades-high inflation being brought down to a target range, Canada's economy growing faster than expected in 2024, and the bank's attempt to cushion the blow from ever-changing...
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2 months ago | 
renxhomes.ca | Tyler Choi |Barbara Lawlor |John Dujay
Kevin Fettig, president of CMI Financial Group. (Courtesy CMI Financial Group)If the Canada Mortgage and Housing Corporation (CMHC) were to create a new mortgage securitization program, it would encourage a more vibrant market for the financial instrument and open up more home financing options, according to one industry executive. A mortgage-backed security is a share in a pool of real estate debt that is sold to investors. When homeowners pay their mortgages, investors make a return.
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Feb 6, 2025 | 
renxhomes.ca | Barbara Lawlor |John Dujay |Tyler Choi
The short answer to the question of whether there is a solution to our housing affordability situation is: Yes. The longer and more complicated answer is also yes: IF all three levels of government work together to help solve this crisis. Although the public and the media tend to blame this situation on homebuilders, this accusation is misplaced. Builders want to build more homes more quickly, but their hands are often tied by intricate networks of red tape.
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Jan 9, 2025 | 
renxhomes.ca | Tyler Choi |Benjy Katchen |Barbara Lawlor |Neil Sharma
A deflating, bubble-like Toronto condo market spells more bad news for investors and developers as prices for unsold units are projected to continue to slide in 2025, according to data from Bullpen Research & Consulting. Research by the Toronto-based firm found the average asking price per square foot for a new, unsold condo fell to $1,524 in Q4 2024, a 10 per cent decline from a three-year peak of $1,689 in Q3 2022.
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Jan 7, 2025 | 
nexthome.ca | Barbara Lawlor
When shopping for a new residence, there are many things to consider to find the perfect choice for you. One of them is community. You may buy a house or condominium suite, but your lifestyle extends far beyond the bricks and mortar to your surroundings. As you shop, find out what opportunities are available for socializing, exercising, entertaining, shopping and running other errands – the things that mean so much as you go about your day-to-day routine.
