Latest news with #AltusGroup
Hamilton Spectator
08-07-2025
- Business
- Hamilton Spectator
Altus Group to Release Q2 2025 Financial Results on August 7
TORONTO, July 08, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (ʺAltus Group' or 'the Company') (TSX: AIF) announced today it plans to release its financial results for the second quarter ended June 30, 2025 after market close on Thursday, August 7, 2025. Altus Group's management team will host a conference call at 5:00 p.m. (ET) the same day to discuss the results. Analysts who wish to ask questions during the call can participate by telephone at 1-888-660-6785 (conference ID: 8366990). A live and archived webcast of the call with be available on the Investor Relations section of the Company's website at: . About Altus Group Altus connects data, analytics, applications and expertise to deliver the intelligence necessary to drive optimal CRE performance. The industry's top leaders rely on our market-leading solutions and expertise to power performance and mitigate risk. Our global team of ~2,000 experts are making a lasting impact on an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities. For more information about Altus (TSX: AIF) please visit . FOR FURTHER INFORMATION PLEASE CONTACT: Martin Miasko Sr. Director, Investor Relations and Strategy, Altus Group (647)-267-9176
National Post
26-06-2025
- Business
- National Post
Housing supply, employment and economic activity in the GTA are at risk without broad GST/HST relief for new homes
An article released earlier this month by Altus Group, prepared for the Building Industry and Land Development Association (BILD) and the Ontario Home Builders' Association, indicates that without significant intervention to jump-start the housing sector, almost 50 per cent of residential construction sector jobs in the Greater Toronto Area (GTA) are at risk. The report further outlines, by 2027, housing starts could drop by more than 60 per cent and construction investment will decrease by over $10 billion in the region versus 2024 levels. This data adds to a growing body of research that points to the need to urgently cut the GST/HST on all new homes. Article content Article content Based on other analysis undertaken by the Missing Middle initiative, we now know the costs for the provincial and federal governments to mitigate against this risk by eliminating the GST/HST on new owner-occupied housing and substantially renovated homes could go a long way to jump-start the sector and treat the new home buyers of today more equitably. Article content Article content The Altus paper, published June 23, provides analysis on the need to increase the urgency of addressing barriers (such as excessive government taxation) now, before these longer-term implications on the pipeline of construction, and ultimately on jobs and the broader economy, set in. Article content The work undertaken by the Missing Middle Initiative, an Ottawa-based think tank, analyzed the costs of expanding the GST/HST exemption to all new owner-occupied housing, rather than the very narrow current federal government approach. The think tank estimated the total cost to extend GST/HST relief to all owner-occupied new home purchases to be $2 billion nationally and $900 million provincially. Article content This one measure taken in tandem by the provincial and federal governments can immediately lower housing costs, jump-start demand, and protect against future supply shocks that spike prices. Parking the generational equality and affordability issues, it is important to remember that the government cost estimates are province-wide and nationwide, with housing starts in the GTA being approximately 20 to 25 per cent of the national average and 40 to 45 per cent of the provincial average. That means the cost to protect 41,000 jobs, 23,000 annual starts, and over $10 billion in investment — with all the spinoff associated with that — is less than a billion dollars; if this were any other industrial sector, this wouldn't even be a question. Article content Housing is not a just-in-time product — the pipeline is long. Regulators observing lagging indicators of sector health are looking in the rearview mirror and risk missing the opportunity to effect change to avoid a looming crisis. The time for action on the GST/HST exemption for all new housing, both provincially and federally, is now. Article content
Toronto Sun
24-06-2025
- Business
- Toronto Sun
GTA new home sales in May were down dramatically from year before
'Market conditions definitely are in the buyer's favour right now -- they just need the confidence to move ahead with their purchase' A "for sale" sign is pictured outside a home in this undated file photo. Photo by TYLER ANDERSON / POSTMEDIA New home sales in the GTA remained at historic lows last month, with May marking the eighth consecutive month of record all-time lows. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account There were 345 new home sales in May, down 64% from May 2024 and 8% below the 10-year average, according to Altus Group, BILD's official source for new home market intelligence. New home sales for a typical May in the Greater Toronto Area would be 2,749 units based on the previous 10-year average. 'May 2025 new home sales across the GTA remained at rock bottom levels,' Edward Jegg, research manager at Altus Group, said in a statement. 'Market conditions definitely are in the buyer's favour right now — they just need the confidence to move ahead with their purchase.' Condominium apartments, including units in low-, medium- and high-rise buildings, accounted for 137 units sold in the GTA in May, down 74% from May 2024 and 93% below the 10-year average. This advertisement has not loaded yet, but your article continues below. There were 208 single-family home sales in the GTA in May, down 53% from the year before and 74% below the 10-year average. Total new home remaining inventory in the GTA increased slightly compared to the previous month, to 21,571 units (16,384 condominium apartment units and 5,187 single-family dwellings). This represents a combined inventory level of 17 months, based on average sales for the last 12 months. 'As these low sales translate into construction, we could see a decline of up to 23,000 housing starts by 2027 versus 2024 levels, putting as many as 41,000 residential construction sector jobs at risk and jeopardizing up to $10 billion in annual construction investment in the GTA,' said Justin Sherwood, BILD senior vice-president of communications, research, and stakeholder relations. Benchmark prices also decreased in May for both single-family homes and condominium apartments in the GTA compared to the previous year. For new condominium apartments it was $1,021,339, which was down 2.2% over the last 12 months, and for new single-family homes it was $ 1,505,539, down 6.6% over the last year. jstevenson@ Toronto & GTA Toronto & GTA NHL World Toronto & GTA
CTV News
24-06-2025
- Business
- CTV News
Slowdown in new home sales could mean the loss of 41,000 GTA jobs by 2029, report warns
New homes are constructed in Ottawa on Monday, Aug. 14, 2023. THE CANADIAN PRESS/Sean Kilpatrick New home sales in the Greater Toronto Area have fallen by more than 50 per cent so far in 2025 and a new report is warning that the downward trend could eventually mean the loss of 41,000 jobs. The report was prepared by Altus Group on behalf of the Building Industry and Land Development Association (BILD). Researchers with Altus Group modeled the potential effects on the construction industry from a 'prolonged period of low sales' similar to what the province has seen so far in 2025. They found that starts and completions of single-family homes in Ontario could bottom out at about 4,000 units by 2029 compared to the more than 12,000 units that were completed as recently as 2022. Starts and completions of apartment units would bottom out at about 10,000 units in 2029, compared to the recent high of more than 35,000 units recorded in 2023. Altus Group says this sort of slowdown would essentially 'stall' the construction sector as an 'important and trusted jobs engine.' They say the number of direct jobs produced by the sector would, in turn, decline by about 47 per cent to 18,500 while another 22,500 indirect jobs would also be lost. The researchers say that overall investment in the construction of single-family homes would fall from $6.7 billion in 2024 to $1.9 billion in 2029. Investment in new apartment buildings would drop from $7.5 billion in 2024 to $2.6 billion in 2029. 'The pipeline of future housing supply for the GTA is at risk, along with the livelihood of 41,000 workers in the region and billions of dollars of investments,' BILD President and CEO Dave Wilkes said in a news release accompanying the analysis. The pace of new home sales has been at near-record lows for the better part of a year now. In its analysis, Altus Group said that in May employment in the overall construction sector in Toronto fell to its lowest level since the spring of 2021 when many COVID-19 restrictions were still in effect. It says the number of jobs attributed to the sector has already declined by 34,600 from the recent peak in 2023. 'Ontario's construction sector unemployment rate topped 10 per cent in April which is its higher rates since the depth of the pandemic interruptions,' the report states. 'Meanwhile the number of vacant construction jobs (i.e., unfilled positions) in Ontario, which had been as high as 8 per cent of all jobs in 2022 has fallen to a low of 2.6; a sign of slackness in the market not seen for many years.'
Yahoo
05-06-2025
- Business
- Yahoo
Altus Group's Benchmark Manager Wins 2025 Realcomm Digie Award
ARGUS Intelligence's new Benchmark Manager recognized for 'Best Tech Innovation in CRE' TORONTO, June 05, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited ('Altus' or 'the Company') (TSX: AIF), a leading provider of commercial real estate ('CRE') intelligence, is pleased to share that its newly released Benchmark Manager add-on on ARGUS Intelligence has been awarded the 2025 Realcomm Digie Award for Best Tech Innovation in CRE. Presented at the Realcomm | IBcon 2025 conference in Savannah, GA, the award celebrates groundbreaking technology that is advancing the CRE industry. Benchmark Manager is the Company's latest add-on capability on ARGUS Intelligence – Altus' new flagship platform for modeling, monitoring and managing CRE asset and portfolio performance. With the ARGUS Intelligence Benchmark Manager add-on, investors now have access to a performance management solution that integrates cashflow modeling, scenario analysis, and market benchmarks. This augments performance attribution analysis to a new level. It helps investors evaluate the strengths and weaknesses of their assets and portfolios. The increased intelligence drives higher quality and more timely decisions. 'We're honoured to receive this recognition from Realcomm,' said Jorge Blanco, Altus' Chief Strategy Officer, who attended the conference as a featured panelist. 'ARGUS Intelligence's Benchmark Manager represents a major leap forward in how performance data is used in CRE and directly responds to client feedback. Market comparisons are only as good as the veracity and currency of its underlying data. Those are the two pillars of this new capability. It is driven by one of the most comprehensive datasets in the industry. The award recognizes our ongoing commitment to persistent innovation.' Now in its 26th year, the Realcomm Digie Awards recognize visionary companies, projects, and leaders that are transforming the real estate landscape through the application of technology, automation, and innovation. For more information about Benchmark Manager and ARGUS Intelligence, visit About Altus Group Altus connects data, analytics, applications and expertise to deliver the intelligence necessary to drive optimal CRE performance. The industry's top leaders rely on our market-leading solutions and expertise to power performance and mitigate risk. Our global team of ~2,000 experts are making a lasting impact on an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities. For more information about Altus (TSX: AIF) please visit FOR FURTHER INFORMATION PLEASE CONTACT: Elizabeth LambeDirector, Global Communications, Altus Group+ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
