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Canada’s Housing Crisis: Breaking Through NIMBY Barriers Canada’s housing shortage is worsening, fueled by NIMBY opposition and legislative roadblocks. As experts stress, overcoming this sentiment is critical to increase housing supply and affordability. With 3.5 million homes needed by 2030 and the market struggling—especially in Toronto’s condo sector—bold policy changes are essential. As Scott Broady notes with Broady Windsor Group, "We need a significant increase in mid-tier housing supply to meet demand." Let’s focus on solutions that truly address the crisis. Read More Here: https://lnkd.in/gtNSxtS8 #HousingCrisis #RealEstate #AffordableHousing #Insurely

Beyond Rate Cuts: Are New Mortgage Rules Enough? Canada’s latest mortgage changes raise the insured cap to $1.5M and extend 30-year amortization periods. While this helps some buyers, experts like Katie Steinfeld from On The Block Realty Inc. Brokerage caution that it won’t solve the deeper affordability crisis. "We are facing a critical moment where home prices remain out of reach for many Canadians, even with recent changes." It's clear that alternative measures are needed to address supply and affordability issues long-term. Read More Here: https://lnkd.in/gtrnAzeB

Are Canada’s New Mortgage Rules More Show Than Substance? The federal government’s latest move—raising the insured mortgage cap to $1.5 million and extending amortization periods—aims to tackle housing affordability. But experts like Benjamin Sammut of @Sammut Consulting Services believe these changes won’t ease access for average buyers. Instead, they could simply drive prices higher and benefit wealthier purchasers. As Sammut puts it, “These changes won’t make it easier for buyers—they’ll simply inflate prices in an already constrained market.” Read More Here: https://lnkd.in/gjXP2-Qb

Transforming the GTA: The Clove Unveiled! 🏙️ Mattamy Homes and QuadReal Property Group have revealed the final designs for The Clove, a key part of the Cloverdale Mall redevelopment. This project will add over 600 condos starting from $400,000 and aims to create a vibrant mixed-use community with more than 5,000 new units, retail space, and public parks. As Niall Haggart, President of Mattamy’s GTA Urban Division, states, “this game-changing partnership offers high-quality housing and long-term value to future residents.” Read More Here: https://lnkd.in/gmDR3sH4

Leadership Change at The Peak Group of Companies! Jeff Kinnaird, former The Home Depot executive, is the new President & CEO of The Peak Group, bringing 27 years of retail expertise to the company. “After 27 incredible years at The Home Depot, it was time to hang up my orange apron and return to Canada,” says Jeff. As home renovation trends continue to rise, his leadership will be pivotal in expanding Peak’s footprint in North America and beyond. Congratulations, Jeff! Read more here: https://lnkd.in/da8aq8kt

Era Ventures Launches $88M Real Estate Fund! Clelia Warburg Peters, Founder of Era Ventures, is leading the charge to revolutionize real estate with the largest woman-led fund in the sector. “I’ve seen firsthand the need for a new approach to physical world innovation that combines the creativity and quality of generalist investing with the sector knowledge and relationships brought by specialist funds,” says Clelia. This fund will back proptech innovations in AI, SaaS, and more, aiming to transform the industry. Read More Here: https://lnkd.in/g4di6e7M

Bridging Canada’s Skilled Trades Gap... With Canada’s construction industry needing 351,800 new workers by 2033, the Government’s $2.9M investment in Alberta’s trades training couldn’t come at a better time. As Chris Flett from IUOE Local 955 puts it, "This support will see our Budd Coutts Apprenticeship and Education Centre train the next generation of tower crane professionals for Alberta and beyond - a critical skilled trade needed to ensure all construction projects get off the ground..." These efforts are crucial for meeting housing and net-zero construction goals. Read More Here: https://lnkd.in/gRJ9P9dh

Can Calgary's abundance of land hold the key to solving Canada’s housing crisis? As Canada is tackling a nationwide housing crisis, Calgary may hold a unique advantage: abundant saleable farmland. According to Tom Albrecht from The A-Team, RE/MAX First, “While housing costs have surged dramatically, Calgary is uniquely positioned with an abundance of saleable, usable farmland surrounding it.” This land supply could help moderate prices, especially compared to Toronto and Vancouver. However, private land development will likely have a more significant impact than government efforts like the repurposing of the Currie Barracks. Read More Here: https://lnkd.in/gMVN9iyt

Government housing programs may have the right intentions, but.... are they enough to keep up with Canada’s booming demand? Real estate experts like Karen Law from Century21 say market forces will still drive prices and affordability. With high immigration and limited supply, demand continues to outpace new development, especially in cities like City of Toronto. “We simply can’t increase supply enough to overcome long-term demand,” Karen points out. First-time buyers are facing significant challenges, even with government incentives. Read the full article here: https://lnkd.in/gdR8D3Ga

Canada’s Affordable Housing Push. Canada is transforming 56 federal properties into affordable housing, aiming to add 250,000 homes by 2031. This is a great initiative, but as Bryon Howard from eXp Realty Calgary notes, "With our immigration to Canada—a half a million people per year to major centers such as Calgary, Toronto, Vancouver, and Montreal being the destinations—this will help, but I don't think it's going to solve the crisis." What are your thoughts? Read the full article here: https://lnkd.in/gutkbCjZ