AGP Executive Report
Last update: 43 minutes agoForeign-Buyer Rules: Ottawa plans to extend the ban on non-Canadians buying residential property to Jan. 1, 2029, with an exemption for new homes. New Housing: A four-storey, 77-unit apartment building is proposed for the former Orchard Glen Market site in St. Davids; residents raised concerns about traffic, density and neighbourhood fit. Construction: Broccolini has broken ground on a 2.2-million-square-foot Amazon robotics facility in Dartmouth, its first project in Atlantic Canada. Bird Construction also reported record revenue and a combined backlog and pending backlog of $13 billion. Market Outlook: Toronto’s condo recovery could still be two to three years away, while Moody’s has lowered its Canadian home-price outlook amid weak resale activity. Housing Policy: The federal budget sets aside nearly $30 billion over 10 years to address homelessness and signals a major push on homebuilding.
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