October new-home sales in GTA down from a year ago
New-home sales in the GTA were down 10 per cent from October 2019 in October 2020, the Building Industry and Land Development Association announced yesterday. Total October new-home sales tallied 4,254 units, about even with the 10-year average. Condominium apartments, including units in low-, medium- and highrise buildings, stacked townhouses and loft units, accounted for 2,340 new-home sales, down 32 per cent from October 2019 and 20 per cent below the 10-year average. Sales of new single-family homes, including detached, linked and semi-detached houses and townhouses (excluding stacked townhouses), with 1,914 units sold, were up 44 per cent from last October and 42 per cent above the 10-year average.
Montreal Port Authority welcomes impact report
The Montreal Port Authority has announced a milestone on its Contrecœur container terminal project with the publication of a draft environmental report on the project by the Impact Assessment Agency of Canada. The project has the support of the Canada Infrastructure Bank and entails the development of a container terminal to handle 1.15-million 20-foot equivalent units when completed. The port authority said it is committed to implementing the mitigation and compensation measures contained in the impact report and “it will also remain attentive to agency requests from start to finish of the project’s design, construction and operation in order to foster harmonious integration into the community,” a release noted.
Feds to support Durham EV charging
Canada’s Ministry of Natural Resources will announce support for the Durham Region of Ontario’s electric vehicle charging network this afternoon. The event will take place virtually at 1 p.m.
Lawyers analyze Montreal social housing bylaw
Lexology today reports on a recent post by Davies Ward Phillips and Vineberg LLP on the City of Montreal’s draft bylaw to promote the construction of social, affordable and family housing in real estate development projects in the city. “The real estate industry was eagerly awaiting this new version of the bylaw,” states the article. The draft bylaw was published on Nov. 5.
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