According to a report from Urbanation, sales in the once fruitful Toronto condo market have hit a 35-year low, as no new projects were launched in the Greater Toronto and Hamilton Area (GTHA) in the first quarter of the year. Now entering its fifth year, the market downturn is being exacerbated by the rising inventory as the market experienced record numbers of condo completions over the last several years. While this has placed downward pressure on prices, demand is still weak, which is causing inventory to swell and the market to weaken...

The highly anticipated Ontario Line project in Toronto is notably advancing, having reached a major construction milestone as construction is now active across the full length of the line, with tunnelling underway. “The start of tunnelling is a historic milestone for the Ontario Line which, once complete, will help cut travel times for commuters across Toronto by 40 minutes,” said Premier Doug Ford. “Our government will continue to fight gridlock and keep workers on the job by leading the largest expansion of public transit in North America.”...

According to a judgement in a suit filed by Chestlen Development, issues related to construction defects, specifically defective concrete work from the third to top floors at the W Hotel and Element Hotel, were determined to be a breach of contract and as such, a Philadelphia court has awarded $174.6 million in damages against L.A.-based Tutor Perini. The Court of Common Pleas for Philadelphia County issued the judgment April 10, bringing a yearslong dispute over construction issues at the 51-story, 755-room dual-branded hotel to a resolve....

Steinbach, Manitoba has introduced a new home buying model that is making homeownership something of a reality for people who were previously priced out of the market. Under the program, homebuyers can secure their homes with a one percent down payment, which was a concept that was brought to life by local realtor Waldo Neustaedter two decades ago. “I was down in Florida, and I toured a Habitat for Humanity little town site… they had built a little community there of 110 homes, roughly,” Neustaedter told CTV News. “It was a dream of mine to...

The second phase of a national housing construction program has launched in Canada, and Ontario stands to benefit greatly thanks to a massive influx of military housing under construction. The Department of National Defence (DND) will see its residential footprint expand as part of the second phase of the program, which seeks to add thousands of new units province-wide to support Canadian Armed Forces (CAF) personnel. Among the communities that will see investments are Petawawa, which is slated for 1,114 proposed new units, followed by...

With a vote of eight to one, Vancouver council has approved a proposal by Sunborn International for a 250-room floating hotel to be located along the city’s waterfront, adjacent to the Vancouver Convention Centre. Described as a “floatel” by Coun. Sarah Kirby-Yung, there is optimism that it will be “an exciting and fresh addition” to the city’s waterfront, while addressing demand for hotel units. “I think it delivers economically. I think it delivers environmentally,” she said. “I think it delivers from an experiential point of view and a...