Real Estate News
Real Estate News
Hesitant Buyers Resulting In A Cool Fraser Valley Real Estate Market
The amount of sales recorded in April in the Fraser Valley was the third-lowest April total of the past 10 years, says the FVREB.
May 02, 2024
Construction
‘A Lull In The Market’: High-Density Land Sales Plunge To A 10-Year Low In GTA
According to data from Colliers and Altus Group, there have been just 20 transactions as of the first quarter of 2024, putting annualized sales in the territory of 2009.
Real Estate News
Greater Vancouver Housing Inventory Hits Highest Level Since Summer 2020
Active listings in the Greater Vancouver region surpassed 12,000 in April, a number not seem since the pandemic summer of 2020.
Affordable Housing
"A Brutal System": Toronto's Affordable Housing Lotteries Need An Upgrade
Since March 2018, when the city began using a lottery system for new affordable housing, it has overseen 18 lotteries, for a total of 858 affordable units. But the current system isn't working for everybody.
This $3.7M Arthur Erickson-Designed Townhome Is A Work Of Art
A home needs to be more than just aesthetically pleasing to be an artistic dwelling; it needs to inspire its inhabitants through unique, thought-provoking design, that pushes boundaries and transcends the norm. (You’ll know one when you see it.)
Policy
What's In A Name? Out Of Date MLS Maps Are Getting Toronto Neighbourhoods Wrong
TRREB hasn’t updated its MLS maps since 2011, and several neighbourhoods have changed in Toronto since then.
Industry
King Square Shopping Centre In Markham Under Receivership Over $52M Debt
The King Square Shopping Centre in Markham opened in 2019 and a hotel was also planned for the mall's surface parking lot.
Development Projects
Hazelview Proposes 44-, 35- And 9-Storey Rental Towers Near Eglinton East
The site of the project is 123 Bellamy Road North in Scarborough, which already comprises of a 12-storey rental building with 250 units.
Renting
GTHA Condo Rents Down 7% In The Past Six Months
The first quarter of 2024 brought some relief for renters in the GTHA, with condo rent dropping amid an influx of new supply.
Industry
Brantford's Cordage Heritage District Placed Under Receivership Over $12M Debt
The owner of the Brantford property, 111 Sherwood Investments Inc., was placed under receivership earlier this month at the request of NHE Capital Corp.
Industry
Slam Dunk: Ballin' Out For Charity Raises $111,000 For MLSE
The Second Annual Ballin' Out for Charity event united Toronto's real estate industry in friendly competition.
Industry
Pace Developments' 50-Acre Barrie Project Under Receivership Over $47M Debt
The application to appoint a receiver for Pace Developments and its Urban North Townhomes project in Barrie was filed by KingSett Mortgage Corporation in March.
Development Projects
Plans Filed For 63-Storey, Turner Fleischer-Designed Condo Tower On Jarvis
The project is being developed by Earl Huntley Limited Partnership and the application just hit the City's desk last week.
Renting
Tenant Advocate Calls For Policy Reform For Renters To Avoid "Double Bind"
Canadian law currently stipulates that renting a property from someone who lives outside of the country carries with it special responsibilities and potentially big costs – whether a tenant is aware or not.
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