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Canada Housing Developers Real Estate Market

Bennett Jones LLP

The Year Ahead: Five Trends in Distressed Real Estate in 2025

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The Canadian residential development industry is facing an unprecedented wave of financial distress. Debtor-initiated real property (including rental and leasing) insolvencies spiked in 2024, rising by 42.5 percent...more

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B.C. Court of Appeal Decides Strata Corporations Lack Standing to Bring REDMA Claims Against Developers

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Whether a strata corporation has the standing to bring representative Real Estate Development Marketing Act, SBC 2004, c 41 (REDMA) claims on behalf of owners has been a long-standing issue in strata property law. The B.C....more

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Upcoming Legislative Changes Mean New Obligations for Condominium Developers

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Beginning January 1, 2021, changes to the Condominium Act, 1998 will introduce new obligations for condominium developers. Following these changes, declarants must provide Ontario's Residential Condominium Buyers' Guide (the...more

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Prompt Payment Legislation in Alberta: Changes and Clarifications

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On October 26, 2020, we provided an overview of the key features of Bill 37, Builders' Lien (Prompt Payment) Amendment Act, 2020, which is intended to amend the Alberta Builders' Lien Act (BLA) and become the Prompt Payment...more

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