News

October 2024 Sees Decline in New Housing Prices Across Canada

Justin Barber

Nov 23, 2024 — 1 min read

The New Housing Price Index (NHPI) for October 2024 has been released, indicating a national monthly decrease of 0.4%. This index measures the changes in the selling prices of new residential houses across Canada. In Ontario, the index showed a monthly decrease of 0.7% for October 2024.

Year-over-year, the NHPI declined by 0.2% nationally. Among the 27 census metropolitan areas (CMAs) surveyed, 16 reported an annual decline. The largest decreases were observed in Kitchener–Cambridge–Waterloo and Ottawa, both at 2.8%, and Toronto at 1.5%. Conversely, Calgary and Trois-Rivières experienced the largest increases, with 4.5% and 3.1% respectively.

The NHPI is calculated based on the market selling prices agreed upon between contractors and buyers, excluding value-added taxes like the federal goods and services tax and the provincial harmonized sales tax. The index covers new single homes, semi-detached homes, and townhouses.

The next release of the NHPI will be on December 17, 2024, covering data for November 2024.

Smooth Rock Falls Updates Waste and Recycling Program for 2025

The Town of Smooth Rock Falls will implement changes to its recycling program starting January 1, 2025. The management of the program will be taken over by Circular Materials, a not-for-profit organization responsible for the common collection system in Ontario. Key points for residents include: * Management Change: Circular Materials will

Canada Expands Prohibited Firearms List and Advances Gun Control Measures

The Canadian government has announced an extension to the list of prohibited assault-style firearms, as part of ongoing efforts to regulate gun control. This decision, effective December 5, 2024, includes an amnesty order valid until October 30, 2025, allowing businesses and owners time to comply with the new regulations. The

Main Street Closure in Smooth Rock Falls for Construction

The east end of Main Street in Smooth Rock Falls will be temporarily closed for construction. The closure affects the section from approximately 471 Main Street to 487 Main Street. This closure is scheduled to begin on December 5, 2024, and is expected to reopen by the end of the

Cochrane Schedules Special Council Meeting for December 11

A special council meeting has been scheduled in Cochrane, Ontario. The meeting will take place on Wednesday, December 11, 2024, from 5:00 p.m. to 8:00 p.m. at the Tim Horton Events Centre, located at 7 Tim Horton Drive. The agenda includes new business, specifically training for

Read more

Smooth Rock Falls Updates Waste and Recycling Program for 2025

Canada Expands Prohibited Firearms List and Advances Gun Control Measures

Main Street Closure in Smooth Rock Falls for Construction

Cochrane Schedules Special Council Meeting for December 11