Vancouver mayor Kennedy Stewart’s housing initiative was approved by city council Wednesday, allowing single-family lots to be developed into strata units of up to six suites.

Simon S. Mass, CEO of The Condo Store (TCS), shared his predictions with Livabl on what trends and events could define the new construction spring market this year.

The 2020 real estate market was a tricky year for condos in the Greater Toronto Area.

Livabl spoke with Young to learn more about the six development applications Republic Developments has been working on, as well as his thoughts on Greater Toronto’s new construction market.

Relatively affordable prices, combined with a pandemic-induced desire for additional space and new transportation infrastructure, have made Langley one of Metro Vancouver’s hottest housing markets.

The Greater Toronto Area had its second-best year in history for new homes sales in 2021, capping things off with the lowest count of home inventory ever recorded.

The report said bidding wars will continue in 2022 as buyers scramble to get in on markets across the country.

Population growth in Ontario has been higher than what was expected years ago, and it could be part of the imbalance between supply and demand for housing in the province’s most populous areas.

Livabl has gathered some of the reactions and commentary from industry stakeholders on the BoC’s rate decision.

Interest rate hikes were anticipated after data released in December confirmed that inflation had reached a 30-year high.

According to estimates by Statistics Canada, Vancouver’s population decreased for the first time in 45 years during 2021, while Surrey led the province in population growth.

Now, a recent development application slated for the area could deliver another round of new homes just minutes from the mall.

One of Toronto’s most notable and storied condo developments has revealed new details and images ahead of its returning construction activities.

An entire city block recently sold in East Vancouver, reflecting the strength of the new condominium market as developers look to capitalize on increased demand.

Now, another application proposed for just south of Yonge and St Clair could add another development to the local roster.

Ontario’s capital is not only vying for the title as the most expensive city in Canada, but the price gap between Toronto and Vancouver has narrowed to the tightest level since 1991.