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Livabl

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City of Vancouver makes headway on new development application backlog

Livabl March 31, 2022

This week, Vancouver said that the City Manager’s Permitting Task Force has cleared an intake backlog of more than 500 development applications for new single-family properties, duplexes, and laneway homes.
Frank Gehry’s Forma launches in Toronto

Livabl March 31, 2022

The tallest Frank Gehry building in the world is finally coming to Toronto and it will be called Forma.
Housing affordability sees grim outlook as deterioration hits worst level in three decades

Livabl March 30, 2022

Housing affordability in Canada has reached “worrisome levels,” as soaring prices and tighter market conditions continue to persist across the country.
Ontario government introduces bill to fight housing crisis, build homes faster

Livabl March 30, 2022

The bill, if approved, would speed up development timelines while cracking down on housing speculation and unethical development practices.
Ontario boosts foreign real estate speculation tax to 20%, expands coverage provincewide

Livabl March 30, 2022

In a move to tackle the ongoing housing crisis, the Ontario government says it has hiked taxes on foreign real estate speculation.
BMO predicts two 50-point rate hikes by Bank of Canada in updated forecast

Livabl March 30, 2022

The Bank of Canada is scheduled to make its next rate announcement in a couple of weeks, and one bank is predicting that this will be the start of two back-to-back 50 basis point (bp) hikes to the overnight rate.
B.C. introduces amendments for cooling-off period to protect against challenging housing market

Livabl March 29, 2022

British Columbia has introduced a cooling-off period in order to protect home buyers, but some are not keen on the decision to do so.
Immigration, tax and interest rate policies could create stable but expensive housing market into 2027

Livabl March 29, 2022

Three key policy areas could stabilize the country’s housing market over the next five years, according to a new report.
Here are the new developments that are near each Ontario Line station

Livabl March 28, 2022

If you’re looking to buy new, here is a breakdown of some of the pre-construction, under construction and newly-completed projects that will be located close to the 15 stops included in the Ontario Line.
Low-rise condo building with potential restaurant space proposed for Kitsilano

Livabl March 25, 2022

Another condo project could be joining the mix thanks to development documents recently made available by the City of Vancouver.
Ontario to hike fines and penalties for ‘unethical’ condo development practices

Livabl March 25, 2022

Ontario says that it is cracking down on “unethical” condominium development practices through increased fines and penalties according to reporting from The Canadian Press.
Toronto home values have surged 20% since the start of COVID-19

Livabl March 24, 2022

New data findings from Properly show that Toronto home values have been driven up 21 per cent over the past two years.
Interest rate hikes could ‘topple’ housing market: Capital Economics

Livabl March 24, 2022

In a publication note, Stephen Brown, senior Canada economist with Capital Economics, said that the surge in interest rate expectations is “a key risk to housing.”
The average Vancouver apartment costs $807,900. How does that compare to new construction?

Livabl March 23, 2022

Condo apartments account for most of the sales within Metro Vancouver these days, and prices for this property type are on an upward trend.
Benchmark price for new single-family GTA home soars over $1.8 million in February: BILD

Livabl March 23, 2022

The benchmark price for a new single-family home in the Greater Toronto Area hit well over the $1.8 million mark in February.
New NDP-Liberal supply and confidence agreement outlines housing affordability priorities

Livabl March 22, 2022

The federal Liberal and NDP parties have reached a new collaborative agreement on mutual policy goals, including actions to make housing more affordable and accessible in Canada.