Hamilton reaches $1 billion construction activity for the year despite COVID-19| Y108

October 13, 2020, by Ken Mann The city of Hamilton has officially surpassed $1 billion worth of construction activity for 2020, thanks to alternative service delivery options during the COVID-19 pandemic, including online building permits and virtual meetings with development applicants. Through Sept. 30, residential building activity accounts for almost 70 percent of this year’s…

Toronto and Vancouver rent prices are seeing biggest declines in Canada | LIVABL

September 30, 2020, by Sean MacKay Toronto and Vancouver, Canada’s most expensive rental markets, have seen the largest declines in monthly rent since the pandemic began impacting the market in March. In a note published by Capital Economics, firm economist Stephen Brown wrote that lower wage earners have been adversely affected by job losses since…

Real estate site that backstops home buyers raises $100 million to expand across Canada | Financial Post

September 30, 2020, by Colin McClelland A Canadian real estate agency, Properly.ca is betting on artificial intelligence to alleviate the stress of buying a new home before selling an existing one. Properly uses computer models and market analysis to determine equity values, which can be combined with mortgage offers from Canada’s large five banks including…