It won’t be long before the project celebrates its topping off.

“The combination of a historic income and job loss, virus fear and uncertainty, new stricter Canada Mortgage and Housing Corp. (CMHC) lending rules, and an effective pause on immigration will severely cut demand for housing, despite historically low borrowing rates.”

Now in its fifth phase, Mattamy is introducing a new collection of homes backing onto an environmental reserve area.

In recent months, the building has topped off and the tower crane has been removed.

The Toronto-based brokerage announced Langschmidt’s resignation in a company-wide email last night.

The first 15 days of June marks the first time sales have increased relative to 2019 totals since the first half of March, before the pandemic took hold and froze up the Vancouver region’s housing market.

Named after one of the pioneers of Scandinavian design, Finnish architect and designer Alvar Aalto, Aalto Townhomes embody style, form and function.

The intent of the proposal is to develop a low-rise, mixed-use complex with 91 units, including condo suites, two-storey townhomes and commercial space.

The community, which is jointly developed by Minto and Metropia, released 71 homes last weekend and quickly sold out within two days.

Toronto, Vancouver and many other major markets across Canada began the year in seller’s market territory with high demand for housing and tight supply giving home sellers the upper hand in transactions. The COVID-19 pandemic abruptly changed that.

Minto Communities received top recognition for two downtown Toronto condominium projects and the 2019 Minto Dream Home.

A wave of pent up housing demand already hit markets across Canada in May, an encouraging sign that buyers are returning after mostly keeping to the sidelines through April.

On Friday, Vancouver-based developer Concord Pacific announced it had acquired ownership of The Clover on Yonge, one of three under-construction condominium projects by Cresford Development Corporation to enter into receivership.

Here are a handful of condominium and townhome projects from across the Greater Vancouver Area that you can now tour online on BuzzBuzzHome.

When the development is completed in 2021, tenants will benefit from a convenient location steps from all the restaurants, cafes and retail outlets along Yonge Street and Eglinton Avenue.

Average Canadian home prices are projected to fall 10 percent from their pre-pandemic levels as high unemployment, rent declines and mortgage payment struggles caused by COVID-19’s economic impacts take their toll.