2020 News Index
Land swapped for low-cost seniors’ housing
In a unique agreement, Vancouver developer Intracorp has partnered with a non-profit group to deliver affordable senior housing and develop market townhouses.
Daniels Corp. building Canada’s biggest project
Daniels Corp. has been awarded the contract for what is being hailed as the largest mixed-use development in Canada—a 130-acre project surrounding the Square One Shopping Centre in Mississauga that will eventually include 18,000 residential units.
New appliances for condo spaces
A sink that washes dishes and range with an onboard air fryer are among the hot new appliances designed for condo living, but could also be incorporated into secondary suites during renovations.
Edmonton realtors brace for slow year
Edmonton housing sales will not be much better in 2020 than a year earlier, even as housing prices decline and housing starts increase, according to the Realtors Association of Edmonton (RAE).
Mortgage stress linked to rental crisis
Evidence is mounting that the federal government mortgage stress test may have led to the current rental crisis in Canada, which has seen rental vacancy rates fall to 2.2 percent—their lowest level in 18 years—and rental costs rise for the third year in a row.
Mortgage delinquency rate rising
Apparently slightly more Canadian homeowners are slipping behind in their mortgage obligations, perhaps a reflection of the higher consumer debt load.
Townhouses becoming rare in Vancouver
Despite high buyer demand and a record-setting home construction pace, new townhouses are becoming rare in the city of Vancouver.
Jeld-Wen opens new tri-pane window
Jeld-Wen Window and Doors will use the Western Retail Lumber Association (WRLA) 2020 Buying Show taking place in Calgary from January 22-24 to introduce its new line of windows, the Northern Tri-Pane Collection.
AI could help condo buyers
A Vancouver tech company says it has come up with an artificial intelligence (AI) platform that can help condo buyers and their real estate agents sift through years of condominium and strata corporation documents.
5,400 more construction jobs—more growth predicted
Canada’s construction industry added 5,400 jobs from October to November of 2019— but this may pale in comparison to potential job creation in 2020.
First-time buyers face challenging year
It will be difficult for first-time buyers to share in the expected housing recovery in 2020, according to Canada Mortgage News.
GTA housing demand will eclipse supply
Re/Max is bullish on the Greater Toronto Area (GTA) heading into 2020, forecasting a 6 per cent increase in average composite house prices from the $766,236 level of 2019.
Steady sales, rising prices seen for 2020
The Canadian housing market will gain strength in 2020 and homebuyers will continue to see rising prices right into 2021, according to Canada Mortgage and Housing Corp. (CMHC).
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