2019 News Index
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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