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The president and CEO of a major developer is warning homebuyers that more proposed condo projects may be cancelled as inexperienced builders struggle in a cooler market that is still finding bottom.
Top stories this week
In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments. >More
By one measure, conditions in Canada are reminiscent of those present in the US right before a stateside housing bubble burst, yet a repeat performance to the north is unlikely. > More
It wasn’t so long ago that there was hardly any doubt that Canadians would be seeing higher mortgage rates this year. > More
It may have been tough to imagine even just 12 months ago, but Canada’s housing market is stagnating — and don’t expect a return to previous highs any time soon. > More
With the first phase of Park George, one of Surrey’s most anticipated new condo and townhome communities, nearly sold out, Concord Pacific is soon launching Phase II. > More
The boutique mid-rise condo building, designed by award-winning firm Gateway Architecture, encompasses 47 suites within six storeys. > More
> Top from Design
Fact of the week
A total of 78,345 homes sold in BC in 2018, down 24.5% from 2017.