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New mortgage regulations that will reduce borrowers' spending power has inspired backlash across the industry. What does it mean to you?
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June 13, 2017
08:37 AMTrending
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Policy
Ontario Budget Hints At More Vacant Home Taxes, Attainable Housing
Without too many details provided, the Province said it is developing an "attainable housing program" to help make homeownership a reality for more Ontario families through the use of modular construction.
Development Projects
Wesgroup's 35 And 38-Storey Reign Towers In Burnaby Receive Final Approval
Wesgroup Properties received conditional approval for Reign last year and launched presales on one of the towers last year.
Construction
Anthem, Polygon, And Canderel Voice "Deep Concern" Over Burnaby's New ACCs
The City of Burnaby nonetheless granted conditional approval to the new ACCs and updated DCCs on Monday.
$3M Port Hope Home Blends Historical Charm With Modern Comforts
Known around town as the "Helm’s House,” this stately and elegant five-bedroom abode dates back to 1858 — although it shows its age in only the very best ways.
Industry
Toronto Rental Project Compromised As Receivership Granted Over $25M Debt
And another one bites the dust: the Ontario courts have issued a formal receivership order over 40 Moccasin Trail and 50 Greenbelt Drive, which is the site of a proposed purpose-built rental development from Hampton Metrics.
Development Projects
Picturesque Ontario Ski Resort Adding Year-Round Master-Planned Community
“The idea is for Calabogie Peaks to evolve into an authentic little Ontario town,” says Paul Murphy of his sprawling ski resort property in eastern Ontario.
Construction
Port Moody Revamps Advisory Design Panel Process, Rendering Wesgroup Request Moot
The decision by the City of Port Moody to scrap the old Advisory Design Panel came just as Wesgroup Properties requested a waiver from the process.
Policy
Sean Fraser Threatens To Withhold Ontario's $353M For Housing
In a letter to provincial Minister of Municipal Affairs and Housing Paul Calandra dated March 21, Sean Fraser said Ontario's action plan "is a disappointment."
Industry
Foreclosed Coromandel Site On Cambie To Be Sold For $26M After $69M Appraisal
The 7510 Cambie Street property in Vancouver is the latest site formerly owned by Coromandel Properties to be sold through foreclosure proceedings.
Development Projects
17-Storey Condo, Rental Building Planned Across From High Park
Clifton Blake is behind a proposal submitted to the City in late February, which seeks to bring 144 new residential units to the area, including 132 new condo units and 12 replacement rental units.
Development Projects
45-Storey Triangular Condo Tower Proposed For Eglinton
Even by Toronto new-build standards, some of the residential units at 2485 Eglinton Avenue West will be extremely compact, with two-bedroom, two-bathroom units as small as 481 sq. ft.
Development Projects
“Shovel-Ready” Development Site In Scarborough Hits The Market For $17M
The site in question has something of a troubled past, which includes a forced sale that saw ownership transferred from Forme Developments to Caishen Capital Group in 2019.
Development Projects
400 Rental Units Across Two Towers Proposed For E 12th In Vancouver
The two towers planned for 25-55 E 12th Avenue in Vancouver would be full rental, with a portion provided at below-market rates.
Real Estate News
3 Takeaways From This Week’s Toronto City Council Deliberations
As their deliberations came to a close this week, Council gave some clues as to how a number of housing- and transit-related initiatives will unfold across Toronto in the months to come.
Development Projects
Reliance Proposing 44-Storey Tower And 8-Storey Hotel In New Westminster
The mixed-used project proposed by Reliance Properties would rise at 811 Carnarvon Street in New Westminster, right next to the SkyTrain station.
Development Projects