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2018 News Index

Calming seen for housing markets in 2018
After a tumultuous year, 2018 should see a much calmer Canadian housing market, according to James Laird, co-founder of RateHub Inc. and president of CanWise Financial.

Legal weed spooks some safety officials
Some Canadian safety officials fear the impending legalization of marijuana could undermine efforts to cut down on workplace accidents and enforce site safety rules. The federal government is pushing ahead with plans to legalize recreational marijuana, with new rules set to take effect July 1.

Lethbridge extends $30,000-per-home incentive
Lethbridge, fourth-largest city in Alberta, has extended a popular incentive program that offers builders up to $30,000 for each housing unit they complete in the downtown area.

Smart light protects home
A discrete new lantern-style porch light could be a high-tech add-on for home renovations: it acts as a first-response burglar alarm. The lamp is armed with motion detectors, a high-resolution video camera, and two-way speaker system connected to your smartphone.

Housing shares in biggest GTA deals
When all the numbers are in, the Greater Toronto Area is expected to have hit its fifth straight record year for commercial real estate sales and total dollar volume in 2017, with land for residential developments among the biggest deals of the year.

New Canadians boost housing market
An increase in immigration to Canada, not foreign buyers, will fuel future housing demand in major cities like Toronto, Montreal and Vancouver, a new study suggests.

Home prices will rise 4.9 per cent in 2018
Average home prices in 53 Canadian cities are expected to rise by 4.9 per cent by the end of 2018 to about $662,000, according to December 2017 outlook from Royal LePage.

London eyes record housing starts
Home builders in London are flirting with a record pace of housing starts, despite an October stumble.

Home builders grab Vancouver land
If a housing bubble is building in Metro Vancouver, residential developers apparently havenít heard the news.

Mortgage crackdown a threat, broker says
Vancouver-area mortgage broker Dustan Woodhouse fears that the federal government is moving too fast with mortgage regulations and that it could threaten the national economy.

Edmonton condo inventory drops
A 21 per cent increase in sales and a slowdown in new construction has led to a decline in the number of new and unsold condos in Edmonton, according to an Urban Analytics report.

Builders, renovators flood back into Gatineau
Three months after paying out about $6.5 million for 724 water damage claims, the Quebec government has reversed an earlier decision and will allow homes to be rebuilt or renovated in the flood-prone Gatineau region.

CCA president Atkinson resigns, replaced
Michael Atkinson, who was president of the Canadian Construction Association since 1993, has resigned as the CCA turns 100.



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