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HBM 30 years

2019 News Index

Detached house prices fall for fifth month
Prices for detached houses in Canada fell in February for the fifth straight month, reports the Teranet National Bank Composite Price Index—dropping 0.4 per cent from January.

Montreal home sales may overtake Vancouver
Montreal is bucking the national trend of slowing sales, posting an 8 per cent increase in sales so far this year.

One-two punch stuns housing analysts
Most analysts were forecasting the pace of housing starts in Canada to remain above 200,000 units in February, so the thump down to less than 175,000 has proven a shock.

Housing horizon flat, analysts warn
Real estate associations and analysts are forecasting a fairly flat 2019 housing market, as the stress test continues to affect all levels of buyers.

Calgary builder awards $40,000 for public art
Calgary home builder Greenview Development is accepting artist applications for a public art piece near its AVLI on Atlantic condo project.

Low defaults put lie to stress test need, brokers say
Canadian homeowners, especially those living in high-priced cities, have minuscule delinquency rates on mortgages and continue to post excellent credit scores.

Tiny Terrace sees housing boom
Terrace, a B.C. town of 12,000 residents situated 1,300 kilometres northwest of Vancouver, is bucking a downturn in the province’s housing starts.

“Super thin” energy-window launched
“Super window” said to be at least twice as insulating as 99 percent of the windows for sale today—with the possibility of achieving mass-market penetration.

New name for Vancouver builders
The former Greater Vancouver Home Builders’ Association will have a different name emblazoned over its booths at the annual B.C. Home and Garden Show this month: HAVAN.

Millennials dedicated to homeownership
Despite current angst in the housing market – with lower sales and starts and flat-line price increases – most young Canadians appear determined to achieve home-ownership, a national survey shows.

Housing starts dip in January
Canada-wide housing starts dropped to an annual pace of 207,000 units in January but a mild month-over-month rise in the resale housing market may indicate a gen-erally stronger year for the residential industry.

Banks back builders in stress battle
Canadian homebuilding and real estate organizations now have a muscular ally in the battle against the federal government’s mortgage-stress test: big banks, which are sharing the pain of lower incomes.

Faux marble and stainless deliver a quick reno
We know Home BUILDER readers are sophisticated when it comes to home improvements, but, hey, what if you could transform a second kitchen with the look of marble countertops and black stainless steel appliances for less than $250?

Milton sell-out signals GTA strength
Mattamy Homes quickly sold out all 180 building lots in a new subdivision it is developing in Milton, a signal that the Greater Toronto Area new home market re-mains robust despite a recent downturn.

Quebec forms new realty association
A new real estate association has been created in Quebec. The Quebec Professional Association of Real Estate Brokers (QPAREB) was formed on January 1, 2019, bringing together more than 12,500 real estate brokers and agencies.

Land wild card in home building costs
The hard construction costs to build new homes are not much different from coast-to-coast but land values can drive costs hundreds of thousands of dollars higher in Vancouver or Toronto, according to the 2018 Construction Cost Guide from Altus Group.

B.C. facing construction labour shortage
British Columbia will bear the brunt of Canada’s construction labour shortage over the next decade, according to BuildForce Canada.

“Steeltown” housing sales cooled fast
Two years ago Hamilton was a surprisingly hot housing market in southern Ontario. While prices stayed firm, “Steeltown” sales cooled quickly in 2018 according to the Realtors Association of Hamilton-Burlington (RAHB).

Future Development: Tornado-proofing new houses for less than $1,000
The vast majority of new houses in Canada could be inexpensively engineered and built to withstand category EF-2 tornadoes, according to an Ontario engineer and wind-damage expert.

RBC cuts mortgage rate
The Royal Bank of Canada (RBC), the biggest bank in the country, has cut its five-year, fixed-term mortgage rate to 3.74 per cent, down 0.15 per cent.

London hospital site sold for housing
In one of the biggest Ontario residential land deals so far in 2019, the Ontario government has sold the site of the former London Psychiatric Hospital for redevelopment.

Tech-savvy kitchens catching on
The National Kitchen and Bath Association (NKBA) said recent surveys show there is a growing appetite for high technology in kitchens, and this affects design trends.

BOC admits overkill from regulations
The Bank of Canada (BOC) has conceded that stiff new mortgage regulations, provincial and municipal housing restrictions and rising interest rates have had an overkill affect on the Canadian housing market, resulting in a larger and more negative impact than expected.

Tiny PEI boasts biggest starts increase
Prince Edward Island posted a 156 per cent increase in housing starts during December, with detached house starts up 9 per cent and multi-unit construction 347 per cent higher than a year ago.

Kitchen trends conflicted for 2019
Take your pick of the conflicting kitchen design trends for 2019: sleek and modern lines with hidden appliances; wood-themed with a vintage, authentic feel; all white or dramatically coloured.

Challenge: Housing 303,000 immigrants every year
There are 100,000 more immigrants arriving in Canada each year than there are new homes being built—perhaps the best indication that the current housing downturn will be brief, if brutal.

CREA eyes nine-year sales low in 2019
Sales of existing homes in Canada will fall to a nine-year low in 2019, according to a revised and more bearish forecast from the Canadian Real Estate Association (CREA).

Winnipeg details impact fees
The City of Winnipeg will charge home builders an “impact fee” of $59.48 per square metre ($6,412 per 1,000 square foot) for new residential construction starting January 1 under its revised Impact Fee By-Law.

Kanata tees up housing plans
The Kanata Golf & Country Club near Ottawa is teeing up plans for a large residential development on the 172-acre parcel, according to owner and operator ClubLink.




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