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COVIC-19 pandemic

COVID-19 CANCELLATIONS HOME BUILDER
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CMHC was wrong in spring outlook, remains cautious now
In May 2020, the Canada Mortgage and Housing Corporation (CMHC) forecast that national housing sales would slump and that average house prices would fall from 9 per cent to 18 per cent over the coming 12 months proved inaccurate.

Young buyer survey findings “defies logic”
A Royal LePage survey released February 25 claims 49 per cent of B.C. residents between the ages of 25 and 35 already own a home—and that 27 per cent bought one during the pandemic.

Genesis buys 157 acres for Calgary subdivision
Calgary-based Genesis Land Development Corp. is paying $29.15 million for approximately 157 acres of future residential development land in the Calgary suburban community of Belvedere.




Lumber prices hit record US$1,000

Lumber prices have been increasing for months are at an all-time high. Western SPF (spruce, pine, fir) lumber prices rose to US$1,000 per thousand board feet on February 17, according to market analyst Random Lengths.

‘Affordable’ GTA homes will each cost $376,000
A federal Rapid Housing Initiative (RHI) for the Greater Toronto Area, launched January 15, aims to create approximately 540 affordable homes. RHI is prioritizing “people experiencing homelessness, Indigenous communities and women and girls.”

BILD Alberta calls for renovation tax credit
BILD Alberta wants the province to introduce a renovation tax credit to help the industry recover losses from the COVID-19 pandemic.

No-payment mortgage plan ‘looks crazy’
A Vancouver firm is launching a no-payment mortgage plan starting in B.C. and Ontario, but one mortgage expert said the scheme “looks crazy.”

MORE NEWS...


CURRENT ISSUE

Drones Top Roofing Tool


Flying eyes can improve safety and give birds-eye view for repairs.


Attack on Demand
Governments are gutting Canada’s housing market by stifling demand and stalling supply.

Market Report: Quebec Steps Up

La belle province has its housing groove back.


Renovator profile:
Design, build and keep the HAMMERDOWN

Despite government disruptions home builders delivered 200,000 new homes and more than one million jobs in 2017.

TOOL TALK: Renovation is Outpacing New Construction

One characteristic of renovation is that contractors are more a jack of all trades, using a wider variety of tools than new construction workers and often dabbling in fields that are not their speciality.

COMMON CENTS CONSTRUCTION:
Future-Proofing the Home Building Industry.

Current issue on-line:

Jon Eakes presents product reviews and dispense professional advice in TOOL TALK articles... Read on


Do you have a question that needs answering? Jon Eakes can find the answers to your questions. 

 

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TV broadcaster, author, renovator and trusted construction expert Jon Eakes presents product reviews and dispense professional advice.

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