A recent survey by Abacus Data stated that one-third of non-homeowners in Ontario have given up on ever owning property; another 26 per cent are pessimistic.
Richard Lyall is president of RESCON and has represented the building industry in Ontario since 1991. Contact him at [email protected]
The move has given builders leeway to stagger shifts and therefore limit the number of construction workers at gathering points on a worksite, such as at a hoist.
Municipalities have often been slow in updating zoning to align with provincial land-use planning policy. This ultimately can affect the speed of new housing supply coming to market.
A decrease in vehicle ownership and increases in driving alternatives like ride-sharing and public transit has resulted in reduced need for parking spaces by residents who buy units in new developments.
A shortage of trades would set our industry back and have disastrous effects on our economy. Our province is in desperate need of housing and we must keep building it.
More than 20 public and private sector organizations are now on board with the ambitious initiative, known as One Ontario. The goal of the initiative is to achieve efficiency and transparency through the development approval process.
Developers have delayed many projects due to COVID-19 which has set back thousands of occupancies.
RESCON's president feels the criticism for municipal zoning orders in the City of Toronto is unwarranted due to housing shortages.
Construction stakeholders are taking aim at the extraordinary amount of time it takes to get projects through the development approval processes in Ontario.
The health and safety of workers is, and remains, the most important concern of the Residential Construction Council of Ontario (RESCON).
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Canadian home sales have tapered off their Q1 peak but that doesn’t mean every segment of the market has softened. As the buying frenzy has subsided, the condo market is seeing an increase.
More than a tenth of homeowners in Vancouver, Toronto and Montreal own multiple properties, according to a Royal LePage survey of 1,500 Canadians.
According to Amy Assaad, a broker with Royal LePage Du Cartier, there’s a more pragmatic reason luxury buyers, whether local, national or international, are flocking to Montreal.
Read what Royce Mendes, executive director and senior economist at CIBC Capital Markets, has to say about the economy awakening from their long pandemic-induced slumbers.
Condo insurance premiums shot up 27% in B.C., 16% in Alberta and 9% in Ontario compared to the same quarter in 2020. Read more about the report from LowestRates.ca
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