One luxury penthouse suite located near Dawson Street and Willingdon Avenue reigns as the priciest new construction condo plan in Burnaby.

Following the swift sell-out of Phase 1, a new release of three-storey townhomes has launched at Oakcrest in North Delta’s sought-after Scottsdale neighbourhood.

Whether you’re a “chardonnay all day” type of person or you prefer “la vie en rosé,” it’s always a bonus to have some dedicated space at home to store your favourite bottles of wine.

As we inch closer to the middle of 2021, there’s no question that it’s already been a barnburner of a year for BC’s housing market.

The number of new condo apartments sold across the Toronto region last month was enough to shatter a 20-year sales record, according to the latest figures posted by Building Industry and Land Development Association (BILD) and Altus Group.

In a press release sent out last week, Montreal-based developer Broccolini unveiled details about LeftBank, its new 34-storey condo tower at 91 River Street, which is expected to launch next month.

A new report says this deteriorating affordability trend may have worsened during the pandemic as home prices surged, but it’s only part of a decade-long trend which has affected the country’s most expensive markets — Toronto and Vancouver — as well as smaller cities.

More details have been released about Phase Three of the Pier 27 master-planned community that’s become a prominent fixture along Toronto’s Queens Quay corridor.

Fierce competition and prohibitive prices across many Canadian cities and suburbs have prompted some buyers to move their home search to comparatively affordable recreational markets well outside of their home regions.

Single-family and multi-family home building boomed in two distinct periods in the early and late 1970s with a recession, according to Statistics Canada data. Home construction soared again in the late 1980s before the recession of 1990-1991 spoiled the party.

Now, an even bigger condo development could deliver nearly 900 new residential units to the West End neighbourhood.

After hitting what now appears to be a peak in March, Vancouver region home sales continued on a cooling trend in the first half of May following early signs of a slowdown in April.

The cost of constructing a high-rise condo building in Toronto is only expected to go up in 2021, potentially putting some new developments in a risky and unpredictable position.

The proposed development consists of a six-storey wood-frame building housing 57 units, of which 10 percent would be rented at below market rates.

Population growth took a hit during 2020 because of the pandemic’s impact on immigration, but as newcomers begin arriving in the county in much larger numbers again, there is no way around the fact that Canada’s housing supply has not kept up with its growing population.

The major redevelopment would see the downtown fire hall known as Fire Station 332 relocated to make way for a mixed-use development.