In the City: End of a long legal fight means Toronto area realtors can now publish home sales data online.
Elsewhere: Canada's most competitive housing markets are not where you think and Brexit looms over the U.K. housing market.
Top court paves way for Toronto realtors to unlock key sales data (Bloomberg)
“I’m glad we’re one step closer to giving people more access to information,” said John Pasalis, president, Realosophy Realty, in an interview with BNN Bloomberg Thursday. “The more information people have, the better decisions that they can make – and that’s the core of what’s going on here.”
Greater Toronto Area realtors can now publish home sales data online (CTV)
The fight centred around a 2011 application from the Competition Bureau, a federal watchdog designed to protect consumers by investigating business policies and mergers, challenging the Toronto Real Estate Board's policy preventing the publication of such information on password-protected websites, arguing the policy restricts competition and digital innovation.
Counting Cranes (NY Times)
Of all the cities in the report, Toronto came out way ahead — both in the total number of cranes in use (97, up from 88 in January and 72 a year ago) and in the number being used to build homes (85).
'It was just very shocking': Faulty pipes cause headache for Toronto condo owner (CBC)
At the time, Kitec was considered an innovation and used in condominiums, homes and commercial buildings in Toronto and across Canada. The pipes were touted as durable, easy to install and cheaper than the popular copper alternative. But soon, homeowners and contractors realized the pipes corroded at an accelerated rate.
Canada’s Most Competitive Housing Markets Are Not Where You Think (Huffington Post)
The Zoocasa analysis highlights just how much things have changed over the past few years, since the B.C. and Ontario governments introduced foreign buyers' taxes on properties, Canada's banking regulator tightened mortgage lending rules, and mortgage rates began to rise.
In Canada, millennials are still buying houses, somehow (City Metric)
One way is that they’re saving money by living at home with their parents after completing post-secondary education. Overall in Canada, more than a third of those 20 to 34 live at home with at least one parent. (This percentage is comparable in the United States, Britain and Australia).
Ian Gillespie a builder on a mission to ‘stretch the boundaries of what’s possible’ (The Globe and Mail)
Today, as construction at the site bangs, rattles and buzzes, the building dubbed Vancouver House has risen high above the bridge. It’s set to open next year and has already won a major international architecture award. Judges at the World Architectural Festival in 2015 called the eye-popping design a “delightful project” that will have a positive impact on “municipality- and developer-led agendas for cities across the world.”
August 24, 2018This Week In Real Estate |