2020 News Index
Sales down, starts up as new decade begins
Sales of existing homes were down but starts of new homes increased in
January 2020 compared to the last month of the previous decade.
Immigrants pooling in just three cities
If three cities are taken out of the equation, the rest of Canada is seeing only about 56,000 new immigrants a year, according to new Statistics Canada data, despite immigration levels hitting unprecedented highs.
Uh-oh, Toronto bounces back into boom zone
January home sales in the Greater Toronto Area (GTA) were so strong the Toronto Regional Real Estate Board (TRREB) is now forecasting a return to the booming levels of four years ago.
TD kicks off five-year rate cut cycle
In what some believe could be the start of a downward cycle, TD Bank has chopped its interest rate on five-year mortgage loans.
Smarter concrete sensors allow remote monitoring
Concrete sensors have been around for a while now, but new technology unveiled at the World of Concrete trade show in Las Vegas this month has moved the dial on its acceptance and versatility.
Robot dogs patrol construction site
A Montreal construction site is using two roving robot dogs for safety and monitoring—apparently the first time in the world that such robots are used daily on an active work site.
Few opt for first-time buyer incentive
Less than 3,000 applicants were approved last year for the federal First-Time Home Buyer Incentive (FTHBI) which began September 2, 2019. But the program is not the “flop” that some critics claim, according to Canada Mortgage and Housing Corp. (CMHC).
Land swapped for low-cost seniors’ housing
In a unique agreement, Vancouver developer Intracorp has partnered with a non-profit group to deliver affordable senior housing and develop market townhouses.
Daniels Corp. building Canada’s biggest project
Daniels Corp. has been awarded the contract for what is being hailed as the largest mixed-use development in Canada—a 130-acre project surrounding the Square One Shopping Centre in Mississauga that will eventually include 18,000 residential units.
New appliances for condo spaces
A sink that washes dishes and range with an onboard air fryer are among the hot new appliances designed for condo living, but could also be incorporated into secondary suites during renovations.
Edmonton realtors brace for slow year
Edmonton housing sales will not be much better in 2020 than a year earlier, even as housing prices decline and housing starts increase, according to the Realtors Association of Edmonton (RAE).
Mortgage stress linked to rental crisis
Evidence is mounting that the federal government mortgage stress test may have led to the current rental crisis in Canada, which has seen rental vacancy rates fall to 2.2 percent—their lowest level in 18 years—and rental costs rise for the third year in a row.
Mortgage delinquency rate rising
Apparently slightly more Canadian homeowners are slipping behind in their mortgage obligations, perhaps a reflection of the higher consumer debt load.
Townhouses becoming rare in Vancouver
Despite high buyer demand and a record-setting home construction pace, new townhouses are becoming rare in the city of Vancouver.
Jeld-Wen opens new tri-pane window
Jeld-Wen Window and Doors will use the Western Retail Lumber Association (WRLA) 2020 Buying Show taking place in Calgary from January 22-24 to introduce its new line of windows, the Northern Tri-Pane Collection.
AI could help condo buyers
A Vancouver tech company says it has come up with an artificial intelligence (AI) platform that can help condo buyers and their real estate agents sift through years of condominium and strata corporation documents.
5,400 more construction jobs—more growth predicted
Canada’s construction industry added 5,400 jobs from October to November of 2019— but this may pale in comparison to potential job creation in 2020.
First-time buyers face challenging year
It will be difficult for first-time buyers to share in the expected housing recovery in 2020, according to Canada Mortgage News.
GTA housing demand will eclipse supply
Re/Max is bullish on the Greater Toronto Area (GTA) heading into 2020, forecasting a 6 per cent increase in average composite house prices from the $766,236 level of 2019.
Steady sales, rising prices seen for 2020
The Canadian housing market will gain strength in 2020 and homebuyers will continue to see rising prices right into 2021, according to Canada Mortgage and Housing Corp. (CMHC).
2019 index •
2018 index •
2017 index •
2016 index •
2015 index • 2014 index •
2013 index •
2012 Index •
2011 Index •
2010 Index •
External Links: Associations & Governments. Builders & Renovators . Manufacturers & Suppliers
Home . About Us . Subscribe . Advertise . Editorial Outline . Contact Us . Current Issue . Back Issues . Jon Eakes
© Copyright Work-4 Projects Ltd.