The crane count is coming down across the Greater Toronto and Hamilton Area (GTHA), a symbol of what’s been happening in the residential construction industry. There were 235 cranes atop buildings across the region as of Jan. 1, according to a tracking and analysis tool of UrbanToronto (UT), a website that covers construction development and

Driving faster in the wrong direction won’t get you to the right destination. To make progress you need to follow the correct path. The same can be said for the housing supply and affordability crisis that we are presently facing. For years, we’ve been off track. And, as a result, we now find ourselves in

Brace yourself. Affordability of housing continues to deteriorate, and latest reports indicate the situation could get worse before it gets better, causing a huge hit to the Canadian economy. Far fewer Canadian cities meet the traditional affordability benchmark where housing costs are less than 30 per cent of household income, recent data from prop-tech company

Calgary’s housing market has been showing a great deal of variability this year. By September, citywide conditions had settled into balance, but several neighbourhood clusters kept prices close to last year’s levels, while some others showed modest gains. Calgary’s Split Market By late summer, it became apparent that Calgary wasn’t moving as a single market.

The federal and Ontario governments have stepped up to the plate by cutting the sales taxes on new homes for first-time buyers. It took them a while to get there, but to their credit, they did. Once legislation is passed, a first-time buyer who purchases a new home up to $1 million will no longer