Home Builder Magazine - Canada's #1 magazine for the residential construction industry

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The management and staff at Home BUILDER magazine wish the very best of this strange and unprecedented holiday season to all our readers and advertisers. It is our fervent wish that the New Year brings relief from the pandemic and a healthier, happier and more prosperous year for everyone.

CREA forecasts price hike in 2021
The Canadian Real Estate Association (CREA) expects the national average home price will rise 9.1 per cent to $620,400 in 2021, with sales also rising everywhere but in Ontario.

Ontario, B.C. lead as residential permits surge
The value of residential permits rose to new heights in November, 2020, increasing 10 per cent to $6.4 billion and breaking the previous record set in September 2020. Except for Nova Scotia and Prince Edward Island, which reported slight declines, every province posted growth, according to Statistics Canada.

B.C. construction wages top at $50 per hour
Construction wages are rising in British Columbia as the industry faces a shortfall of workers, according to a survey of 1,000 B.C. construction firms by the Independent Contractors and Businesses Association (ICBA).

North America�s most expensive home goes to auction
North America�s most expensive home, Villa Firenze, which is currently listed for US$160 million will be going to auction January 26, 2021 with no reserve and no minimum bid, according to TopTenRealEstateDeals.com.

10-year mortgage at 1.99 per cent pitched
The Bank of Canada's next scheduled rate announcement is January 20, 2021. Most forecasters expect the target rate to remain at 0.25 per cent through to the end of 2022.

Analysts duel over 2021 housing outlook
While Royal Bank is forecasting an 8 per cent decline in home prices in 2021 and both Canada and Housing Corp. and Moody�s predict double-digit drops in prices, real estate brokerage Royal LePage believes the current strong housing market and rising prices will continue into 2021.

Average rents have fallen 9.1 per cent
Average rents across Canada have fallen 9.1 per cent as of November 2020, compared to a year earlier, but are expected to rise 3 per cent in 2021. Montreal will have the highest increase next year.

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Drones Top Roofing Tool

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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.

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

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