Constellation HomeBuilder Systems, a provider of home building
software and services, announced the acquisition of online listing
With the common goal of connecting buyers, builders and real
estate agents, the NewHomeListingService.com team will be joining
Constellation HomeBuilder Systems to further expand the most
comprehensive homebuilding and land development platform in the
Read more:Technology disrupts commercial real
NewHomeListingService.com will be integrated with the NEWSTAR,
FAST, and BuildTopia enterprise resource planning platforms of
Constellation HomeBuilder Systems.The integration will allow data
to sync in real-time so that prospective buyers have access to the
accurate and updated information.
"This acquisition provides a growth opportunity for both
businesses and supports our strategy to help builders manage their
business more successfully,” said Chris Graham, vice president of
Constallation HomeBuilder Systems.“Promoting new homes and condos
is easier than ever before.As builders look for more effective ways
to connect with homebuyers, we will be well-positioned to support
them on that journey."
"Constellation HomeBuilder Systems offers a tremendous
opportunity for NewHomeListingService.com to further expand its
service offering in Canada and the United States," said Milo
Anderson, founder of NewHomeListingService.com."Joining
Constellation creates the perfect synergy allowing builders to get
the most exposure for their new homes and condos in the most
Are you looking to invest in property?If
Air-tight compliance is the key ingredient to syndicating
mortgages and a nascent Toronto firm is paving the way forward that
sector of the real estate industry.
“We’re a community of investors and partners who only underwrite
deals we feel are good for our investor base, and how we do that is
to make sure we only get compensated when the investor can generate
a principal return from their investments,” said Luan Ha, founder
and CEO of Fundscraper.
Fundscraper arranges bridge financing for large developments on
first, second, or combination, mortgages between one and three
years, and it’s setting a new standard by using technology to both
reduce costs and protect investors.Using a complex technological
algorithm to assess potential investors’ suitability for syndicated
mortgages, Fundscraper is also in the business of advising various
mortgage investment entities.
The key, says Ha, is through harnessing technology.
“We use technology to enhance our ability to drive data out of
our suitability assessments and, therefore, produce more holistic
and accurate suitability assessments,” he said.“We use our data
models to figure out whether a project fits within the time horizon
or risk tolerance or investment concentration threshold of this one
particular investor.We make it a point that our KYC [Know Your
Customer] are done through what we call our
A 10-year agreement cemented between the governments of Canada
and Alberta will give rise to more affordable housing units in the
province over the next decade.
The deal involves the investment of $678 million in the renewal
and expansion of Alberta’s low-cost housing, with both governments
contributing $339 million each for the long-term funding.
The agreement – which will greatly support Alberta’s initiatives
concerning housing repair, construction, and affordability – comes
in addition to the more than $638 million in existing 10-year
federal housing investments in Alberta, coursed through the Social
The Liberal administration has invested almost $510 million in
Alberta’s housing since November 2015.The oil industry crashes of
recent years have hit the province’s home buyers and consumers
sector recovery propelling Western Canada’s rental homes
“The new agreement marks the beginning of a partnership that
will be supported by long-term and predictable funding starting
April 1, 2019,” the governments stated in the announcement.
“Alberta’s first Affordable Housing Strategy was launched in
2017 with the goal of building and renewing 4,100 units, and that
goal is about to be achieved and exceeded.This new agreement means
Alberta can continue our bold approach to address the housing needs
of Albertans,” Alberta Minister of Seniors and
Major high-rise office projects accommodating more tech tenants
and greater commercial investment volume are scheduled to commence
soon in Toronto and Vancouver.
Leading developers Allied Properties REIT and Westbank have
announced that the construction of the office towers – which are
predicted to “reshape” these markets’ downtown areas – will pave
the way for greater tech industry presence in Canada’s largest
Tech companies have been cited by observers like Marcus
&Millichap as a major pillar of stability form the office
In Toronto, the 264-metre, 1.7-million-square-foot Union Centre
building will be built near Union Station.
“[Union Centre] is a sign of what Toronto is becoming,” Westbank
chief executive Ian Gillespie told The Globe and Mail.“The
city isn’t just about finance any more.It’s about everything:tech,
culture and a variety of other pursuits.”
Read more:Commercial property market heavily leans upon
In Vancouver, Allied Properties REIT and Westbank will be
erecting a 500,000 sq.ft.tower beside BC Place.This project is
expected to become one of the city’s largest office buildings so
Tech’s influence in Canadian commercial real estate has been
predicted to grow even stronger in the near future, with major
players like Microsoft, Google, and Amazon likely spending billions
in office expansions and hire tens
Montreal’s luxury housing market is expected to be the strongest
of the spring season.
According to a new report from Sotheby’s International
Realty Canada, the city’s hot real
estate market shows nary a sign of regressing.On the heels of a 20%
year-over-year increase in sales over $1 million in 2018, Sotheby’s
expects a sales record this spring.
“With strong economic and political fundamentals driving local
confidence and demand, top-tier sales escalated in the first two
months of 2019,” read the luxury housing report.“Overall, $1m-plus
residential real estate sales (condominiums, attached and
single-family homes) were up 6% year-over-year to 111 units sold in
January and February.Two luxury properties sold over $4m during
this time, up from zero the same months in 2018.”
Of particular significance, luxury condos in Montreal surged 53%
year-over-year through January and February 2019.During January
alone, transactions in Montreal totalled $1.63 billion, which is an
18% lift over the same month in 2018.
“We expect the Montreal market to continue with its very healthy
year-over-year increase in activity,” Sotheby’s President and CEO Brad
Henderson told CREW.“It will add somewhat to the upper pressure to
price, particularly in the central region.We don’t see risk to that
forecast, with the possible notable exception of a foreign buyer
Montreal mayor Valérie Plante said that the city government will
consider imposing a tax on foreign home buyers if the measure will
help guarantee long-term affordability.
Such a levy has already been implemented in Toronto and
Vancouver, to considerable effect.
“Here in Montreal, this is not where I’m going for now, though
we are really checking on the market on regular basis,” Plante told
“If needed, we might go there, but right now we’re using
different tools that we have to make sure we have this balance of
creating social and affordable housing.But for that, I need both
provincial and federal help.”
For some time now, Montreal has outpaced Toronto and Vancouver
in terms of home price growth, according to the latest edition of
the Teranet–National Bank of Canada House Price Index.
buyers now prefer Quebec, Alberta, and Nova Scotia
In February, Montreal prices increased by 0.36% from the
previous month and 5.15% year-over-year, to reach a historic high
for the month.In comparison, Toronto prices fell by 0.22% from
January to February, and grew by 3.56% year-over-year.Vancouver’s
declined by 0.68% monthly, and shrunk by 1.11% annually.
Overall prices across Canada decreased by 0.4% month-over-month
in February, and were only 1.87% larger than
An influx of migrants is boosting Prince Edward Island’s home
construction activity, making the province emblematic of Atlantic
Canada’s residential real estate strength this year.
The latest analysis by the Conference Board of Canada stated
that the region will enjoy strong economic performance in 2019, and
P.E.I.is set to be the leader with its 3.2% growth – indeed,
surpassing the rest of the country.
“Over the next two years, the Island should outpace nearly every
other province in the country when it comes to its rate of
population growth.Consequently, the construction industry is set to
surge this year, thanks to new housing developments on the Island,”
the Board stated, as quoted by The Canadian Press.
“Add to that the impressive tourism prospects and the elevated
demand for P.E.I.products boosting exports and manufacturing, and
economic growth in the province should continue to outpace the
Canadian average -- a feat that P.E.I.has achieved every year since
Brunswick property tax stifling investment in apartments
As a whole, Atlantic Canada’s home-buyer purchasing power will
benefit from the region’s robust economic growth this year, largely
propelled by service-sector stability, rising exports, and growing
The Board pointed at rising oil production as a major
contributing factor to Newfoundland and Labrador,
In today’s real estate milieu, where cash flowing properties are
becoming more sporadic by the day, the rent-to-own model is
emerging as a superior strategy with a favourable buy-in.
Helping tenants take eventual ownership of a property by giving
them a stake in their own success, rent-to-own investors only have
to put 15% for a down payment, enlisting their tenant to put up the
“This is where a lot of the profitability of rent-to-owns is
coming from,” said Rachel Oliver, managing partner of Clover
Properties.“Eighty percent comes from the bank, 5% from the
tenant-buyer and you’re only in for 15% at a time when you can’t
buy a residential property for less than 20%, but we found a way to
“The sweet spot for a lot of rent-to-own properties would be an
initial investment of $70,000 to 90,000.”
Rent-to-owns are ideal for supplementing income right
away.Rather than banking on long-term appreciation the way most
downtown Toronto condominium investors do, RTOs can yield anywhere
from $600 to $900 a month in cash flow, after expenses.
But the beauty of rent-to-own investment properties is that you
can leverage your personal residence or existing rentals to start
building a rent-to-own portfolio that actually pays for your
lifestyle.For example, a simple
This year, national home sales activity will likely fall to its
lowest point since 2010, according to the Canadian Real Estate
Association’s updated outlook.
The prediction followed the considerably weaker nationwide sales
in February, with a 4.4% annual decline and a sharper 9.1% drop
from January, The Canadian Press reported.
Aggregate nationwide sales in 2019 will shrink by 1.6% to
450,400 transactions, CREA cautioned.Meanwhile, 2020 transactions
will see a 2% gain to reach 459,400 sales.
The average sales price across Canada last month was $468,350,
falling by 5.2% annually.Excluding the elevated-cost environments
of Toronto and Vancouver, the average price stood at a little under
Read more:Significant headwinds to impede 2019 housing
Data from the Canada Mortgage and Housing Corporation also
showed that these developments have accompanied a slowdown in new
home construction nationwide.
The seasonally adjusted annual rate of housing starts declined
to 173,153 units in February, markedly lower than the 206,809 units
in January and failing earlier predictions of 205,000 units.
CMHC cited mortgage rate hikes and economic sluggishness as
major factors in the lower starts volume.
“Although housing starts seemed to be unscathed by the new B-20
regulations that took effect in January 2018, higher borrowing
costs and tougher mortgage qualifying conditions
While smart cities may be imminent, how they’re developed is
still a question mark. Fortunately, Vancouver and Surrey will
soon have answers.
Both cities are exploring how to develop their respective
corridors with tomorrow’s technologies by using superlative
international projects as inspiration.The cities’ shared goal of
improving residents’ lives will be realized through a competition
involving companies from all over the world, with the winner
receiving $50 million to fulfill their visions.
Jesse Adcock, the City of Vancouver’s chief technology officer,
says the chosen projects will have to improve citizens’ safety and
mobility, while reducing greenhouse gas emissions and
“We provided the physical characteristics in each city’s
corridor and asked the industry how their technology projects will
solve particular problems,” she said.“We had over 172 proposals
come in from all over the world that represent hundreds of
projects, and we managed to shortlist them down to 55 vendors and
Residents, businesses and other stakeholders have also been
encouraged to provide as much
input as possible around six
themes put forth by Infrastructure Canada, and while it’s still too
early to describe what smart cities in Vancouver and Surrey will
look like, they will incorporate intelligent traffic and data
collection systems, censors, autonomous shuttles and last mile
“By having a strong
Montreal’s home price growth is considerably outstripping the
national average as well as the pace set by the leading markets,
according to the Teranet–National Bank of Canada House Price Index
covering February 2019.
The city’s real estate prices increased by 5.15% year-over-year
in February, reaching a historic high.To compare, the Teranet HPI
found that overall prices nationwide saw only a 1.87% annual
increase, which was noted to be the third smallest non-recession
increase behind July and August of last year.
“The market peak was reached in September 2018, and prices are
down 1.43% from there,” Better Dwelling stated in its analysis of
In addition, Toronto saw a 3.56% annual increase, while
Vancouver suffered a 1.11% shrinkage during the same period.
Read more:Montreal’s affordability drives much of its
The Montreal real estate segment is also benefiting from a
strong economy and a vibrant job market, the combination of which
is boosting purchasing power of the city’s working-age Canadians,
according to the Canada Mortgage and Housing Corporation.
“The Montreal and Québec areas have shown strong economic growth
and particularly vibrant job markets in the last two years.This
certainly contributed to the financial stability of households and
supported their ability to make their mortgage payments on time
Commercial property investment in Alberta significantly grew in
Q4 2018, largely fuelled by the province’s two most important
markets, according to Altus Group’s latest analysis.
Calgary saw its third consecutive year of total investment
growth, reaching an annual total of $3.7 billion.However, Altus
Group warned that considerable uncertainty remains.
“2018 saw increases in investment across all sectors when
compared to the previous year, however this has not translated into
the higher volumes seen in the past,” Tatterton explained.
“What it has demonstrated is that the market is continuing along
a path of recovery, and until some of the uncertainty surrounding
the greater economy is resolved, it is likely that 2019 will follow
a similar path as 2018.”
Calgary’s office segment helped propel the market to its stellar
performance, with its 21% annual increase in investment value to
reach $960 million.The industrial sector also experienced its best
year over the past decade, with 132 deals representing an
investment total of $758 million.
The city’s apartment investment also grew by 8% last year, with
Q4 accounting for 68% of this volume.The ICI land market had a 27%
increase, while residential investment went up by 18%.
Read more:Commercial property market heavily leans upon
Meanwhile, Edmonton’s commercial activity
As cities around the world grow too expensive for young
families, they’re renting longer, and this new demographic could
provide landlords with stable tenancy for years.
But landlords need to be flexible.
Craig Watson, a landlord and sales agent with REMAX Escarpment
Realty Inc., says that by allowing tenants to baby-proof his rental
properties, he scarcely worries about vacancies.
“The last couple of years have been really challenging for young
families, whether first-timers or new buyers, because they have to
deal with the mortgage rules in place,” he said.“They’ve become
more prominent on the renting side.I’ve had many more young tenants
than I had many years ago.”
A good rule of thumb for any property investor is that they
should cater to their tenants, and as young families struggle to
become homeowners, Watson advises being accommodating.
“Be aware of their requirements so that you can best meet their
needs,” continued Watson.“When I have people requesting these
things from me, I don’t have any problem with it.You’re looking at
families coming in and you want them to feel safe and secure, and
as a landlord I’m trying to anchor in that tenant to a certain
point.It’s my property, but their home, and I want them to love
where they live.”
The rest of 2019 might bring with it major risks – including a
sluggish national economy and the knock-on effects of previous
mortgage hikes – that can lead to less new homes built in Canada’s
major markets, CIBC economist Royce Mendes warned.
“Residential investment was downright ugly in the fourth
quarter, and the latest reading on housing starts only added to the
bad news on Canadian homebuilding,” Mendes told The Canadian
Latest numbers from the Canada Mortgage and Housing Corporation
showed that the seasonally adjusted annual rate of housing starts
fell from 206,809 units in January to 173,153 units last month,
considerably lower than prior predictions of a pace of 205,000.
“Prior to this reading, starts had seen a bit of a renaissance,
rising back above 200,000 for four straight months.But the market
has been a contending with the effects of higher interest rates and
stricter lending standards, and a pace of 200,000 looked unlikely
for the year as a whole,” Mendes added.
Read more:Multi-family starts predominant in the hottest
These figures came after the weakest January of home sales since
2015, according to the Canadian Real Estate Association.
“As a leading indicator of economic activity, February’s steep
decline in housing starts may raise some
New Brunswick’s property tax has led to virtually zero growth in
new apartment investment, according to market players and
“It is stopping investors from coming here, it is stopping
people coming in and purchasing income properties, and it is also
hurting our economy,” according to Pamela Doak of the Fredericton
Real Estate Board, speaking to GlobalNews.ca.
These assertions were supported by Statistics Canada numbers,
which indicated that apartment investment has grown in Nova Scotia
between 1994 and 2018, while remaining flat in New Brunswick over
the same period.
Data from the Canadian Real Estate Association showed that the
market’s average sales prices make it a relatively affordable
option, with the single-family home benchmark as of 2018 at
$177,200 (vs.the national average of $488,600).
However, this is only part of the picture.Research by real
estate information portal Zoocasa has found that keeping a home in
New Brunswick is particularly costly, with Saint John having the
highest residential property tax rate in Canada (1.785%).
number of PEI, BC locals burdened by insolvency
The New Brunswick Real Estate Association has long pushed for
legislative changes, as the province is the only jurisdiction in
Canada that has a non-owner occupied levy
“We’ve been lobbying basically since 2010