Coldwell Banker, Peter Benninger Realty Ltd

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Coldwell Banker, Peter Benninger Realty Ltd I improve my clients’ overall experience and reduce the stress that may arise when buying or selling.

10/12/2026

Canada Needs Twice the Projected Homes
Having called Waterloo Region home for over two decades, I’ve seen firsthand how deeply housing availability shapes our communities. The latest national figures are eye-opening: to get back to the affordability levels we had before the pandemic, Canada needs to build between 417,000 and 469,000 new homes every year through 2036. That’s nearly double what’s currently on the drawing board. With a persistent annual gap of 187,000 to 238,000 homes over the next decade, and construction expected to slow even as demand remains strong, the challenge ahead is clear. Most of today’s new builds are already tied to existing projects, so ramping up will require a significant shift. The scale of this shortage means that, across the country, we’ll need to dramatically increase the pace of new housing starts to make a real difference in affordability.

Canada’s Ambitious Plan: 4.69 Million New Homes by 2036Having called Waterloo Region home for over two decades, I keep a...
10/11/2026

Canada’s Ambitious Plan: 4.69 Million New Homes by 2036
Having called Waterloo Region home for over two decades, I keep a close eye on the shifts shaping our communities. The latest numbers from the CMHC are sobering: to meet demand, Canada needs up to 4.7 million new homes by 2036, which means we should be building between 417,000 and 469,000 units every year. Right now, we're at about half that pace. When construction lags, affordability takes a hit—especially as costs climb and developers weigh their next moves carefully. It's a challenge that looks different from coast to coast, but the impact is real here in Waterloo Region. As someone who’s watched this area grow and change, I know how much these trends matter for families and future homeowners.
https://www.housing-trends.com/agent-news/tracy-mcculligh/1995396-Canada%E2%80%99s-Ambitious-Plan%3A-4.69-Million-New-Homes-by-2036

10/11/2026

Happy Thanksgiving

Ontario HST rebate shields new home salesWatching the Ontario HST rebate in action, it’s striking how much it’s helped k...
10/10/2026

Ontario HST rebate shields new home sales
Watching the Ontario HST rebate in action, it’s striking how much it’s helped keep new single-family home sales active, especially here in the GTA. In fact, single-family sales reached 692 units—47% higher than the 10-year average—while total new home sales hit 907. Meanwhile, benchmark prices have actually fallen by 14.6% year-over-year, a shift that’s hard to ignore. Condo sales, on the other hand, have slowed dramatically, sitting 78% below average as the current tax incentives don’t stretch as far in that segment. After more than 20 years in Waterloo Region, I find it fascinating to watch how these policy details shape our local market.
https://www.housing-trends.com/agent-news/tracy-mcculligh/2099956-Ontario-HST-rebate-shields-new-home-sales

Canada Poised for Homebuilding Growth Beyond 2025As someone who's made Waterloo Region my home for over two decades, I k...
10/09/2026

Canada Poised for Homebuilding Growth Beyond 2025
As someone who's made Waterloo Region my home for over two decades, I keep a close watch on what's shaping our housing landscape. Recent data shows national housing starts in Canada fell by 2% last month, totaling 17,691 units—a 4% drop year-to-date. While Montreal and Vancouver saw some growth and Toronto remained steady, it’s clear that higher costs, softer demand, and surplus inventory are slowing construction, with projections suggesting this trend could continue through 2028. These shifts are important for anyone considering their next steps in our market, whether you're planning to buy, sell, or invest.
https://www.housing-trends.com/agent-news/tracy-mcculligh/2066111-Canada-Poised-for-Homebuilding-Growth-Beyond-2025

10/08/2026

Canada Needs More Homes to Sustain Affordability
Having made Waterloo Region my home for over two decades, I’ve seen firsthand how the housing landscape can shift—sometimes faster than we’re prepared for. While there have been some recent improvements in affordability across Canada, these gains are looking uncertain as new home construction, especially for ownership, slows down. The latest figures suggest we’ll need between 417,000 and 469,000 new housing starts each year just to get back to the affordability levels we had before the pandemic by 2036. Yet, the supply gap hasn’t really budged. What stands out: most of the new homes being built now are rentals, with fewer options for those looking to buy, even though more rentals have helped balance things out somewhat. Although a slower pace of population growth has made it a bit easier to afford a home, construction has pulled back even more quickly than demand. That means, when the market picks up, we could find ourselves facing the same old shortage. Bottom line—keeping ownership construction on track now is crucial, so we’re not caught off guard when demand heats up again.

10/07/2026

Ontario Condo Closings Face Value Gap
Having called Waterloo Region home for over two decades, I’ve seen firsthand how Ontario’s condo market can shift beneath buyers’ feet. Recent closings have left some purchasers facing a tough reality: owing up to 30% more than their condo’s current market value, as actual unit prices have slipped below what was agreed on at signing. Many buyers have found themselves unable to close because lenders base mortgage amounts on today’s appraised value—leaving a funding gap when contract prices outpace the appraisal. Much of this challenge comes from the long stretch between purchase and move-in, with delays from pre-sales, approvals, permits, contractor agreements, and labour shortages. These delays can give market changes plenty of time to disrupt well-laid plans. Just a few years back, in a strong seller’s market, some developers even cancelled deals when costs spiked, which led to provincial scrutiny and calls for tougher penalties and independent reviews. For buyers, the contracts are often complicated, offering few exits beyond a 10-day cooling-off period or the rare case when occupancy dates are missed. It’s a reminder of how important it is to understand all the details before making a move in the pre-construction market.

10/06/2026

Ontario Builders Prepare for Growth with New Investments
As someone who has made Waterloo Region my home for over two decades, I’ve seen firsthand how changes in the larger market ripple through our local communities. Right now, ongoing tariff disputes between Canada and the U.S. are pushing up the cost of building here in Ontario—single-family homes are seeing increases between $9,000 and $14,000, while mid-rise units are up by $18,000 to $28,000. These rising expenses affect not just materials and jobs but also housing starts and what’s affordable for families across North America. It’s a reminder of how interconnected our markets are, and why staying informed matters for anyone navigating the real estate landscape.

10/05/2026

Ontario HST Rebates Boost New Home Sales
Having called Waterloo Region home for over two decades, I’ve watched firsthand how shifts in tax policy can ripple through our housing market. Ontario’s recent temporary HST relief made headlines, hinting at how targeted tax reductions might help ease affordability challenges, spark more home sales, and boost buyer confidence. Yet, for many local builders and developers, higher costs for materials and labour, slow municipal approvals, and mounting taxes and fees continue to weigh heavily on projects—and those burdens can slow much-needed construction. The rollout of this temporary program brought its own share of delays, making it tough for builders, developers, and buyers to plan effectively, especially while housing activity remained sluggish. Highrise condo projects, with their longer timelines, felt the strain in particular, since short-term tax changes just don’t move the needle enough for those developments. Many advocates are now calling for a more permanent HST relief—ideally even removing the tax on new homes altogether—as a meaningful step toward meeting Ontario’s ambitious goal of 1.5 million new homes by 2031.

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508 RIVERBEND Drive
Kitchener, ON
N2K3S2

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+15195690099

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