AGP Executive Report
Last update: 16 minutes agoVancouver Housing Pulse: Metro Vancouver home sales fell 3.5% in May to 2,150, with condo weakness dragging activity; the composite benchmark price slipped 6.2% year over year to $1,100,700, while listings and inventory tightened for a “calm and orderly” summer. Ontario Cost-Cutting for New Builds: Niagara West MPP Sam Oosterhoff says Ontario is opening applications for a Development Charge Reduction Program that targets municipalities cutting development charges by 30%–50% (and keeping them down for at least three years) using up to $8.8B in federal-provincial funding. Seniors Housing Deal: Fengate closed a partnership with Chartwell Retirement Residences, with Chartwell taking 30% of a seniors portfolio (2,943 suites across Ontario, B.C. and Alberta) and a path to add 20% more on milestones. Affordable Housing Opportunity: Cochrane is seeking proposals to redevelop a former RCMP property into at least 30 units, with 30% of homes required to stay affordable for 25 years. Building Code Pushback: Documents show the Canadian Gas Association lobbied against federal building-code greenhouse gas limits that could reduce natural gas use in new homes. Trades & Infrastructure Pipeline: CBTU launched an Indigenous Reconciliation Action Plan aimed at boosting Indigenous participation and partnerships across building trades as infrastructure investment ramps up.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.