August 2024

NEW COMMUNITY OPTIONS FOR INFILL DEVELOPMENT 

Posted on Aug 19, 2024 in For Builders & Developers



Blanket rezoning was passed (with amendments) on a 9-6 vote earlier this year, and it is now officially in effect as of August 6th, making R-CG the citywide base low-density residential zone. Under R-CG zoning, detached and semi-detached properties are permitted to be used without a minimum lot size, meaning that traditional detached and semi-detac...

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NEW INSURED MORTGAGE OPTION FOR NEW BUILDS: THE 411

Posted on Aug 02, 2024 in For Infill Buyers



Starting August 1, 2024, homebuyers in Canada will have a new mortgage option available for newly built homes. This initiative, introduced by the Canadian Mortgage and Housing Corporation (CMHC), aims to support affordable homeownership by offering insured mortgages with a 30-year amortization period, when it was previously a 25-year amortization p...

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AUGUST 2024 DEVELOPER REPORT

Posted on Aug 02, 2024 in Developer Reports



New infill sales hold steady through the first half of Summer.

Single-family new infills posted 26 sales during the month of July, up slightly from the 23 sales recorded last month and nearly on par with the 25 sales recorded in July of last year.

Single-family new infill inventory has declined slightly, to 123 active listings for sale, from 125 acti...

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