Those in the housing and development industry will all tell you that the elevated interest rates over the past few years have been a significant challenge for them and that they've had to slow things down. That is no longer anecdotal evidence, as the Canada Mortgage and Housing Corporation (CMHC) ca
A buyer has been found for the multi-phase Elevate condominium project in Kitchener, providing some hope for the project after construction was paused and the project was placed under receivership nearly a year ago. The site of the Elevate project is 1333 Weber Street East, located a five-minute dri
Hugged by the Summerhill, Casa Loma, and Deer Park neighbourhoods, 75 Foxbar Road beautifully blends luxury with easy, laid-back living. Located on a quiet, tree-lined street in Toronto’s coveted midtown, this Camrost Felcorp-built executive townhome serves a freehold feel in a tranquil setting, m
The high-rise rental development in Burnaby known as the Willingdon Rose is the subject of ongoing foreclosure proceedings, according to filings in the Supreme Court of British Columbia obtained by STOREYS.The Willingdon Rose is a planned 34-storey project with 362 market rental units and 98 non-mar
In an announcement on Wednesday evening just past 9:00 pm EST, Slate Office REIT (TSX: SOT.UN) said that it had received a Notice of Termination that will see its external management agreement come to an end and the REIT shift to internal management.Slate Office REIT is currently managed by Slate As
A true market rebound is likely still a ways off, but signs of life were detected in the GTA housing market this September, according to the Toronto Regional Real Estate Board's (TRREB's) latest Market Watch report. In the latest incline on the relatively flush rollercoaster of GTA home sales record
According to a national office market report published by CBRE this week, new office construction in Canada has reached a low that we have not seen in quite some time. "Having fallen for the last nine consecutive quarters, office construction has now lowered to 4.2 million sq. ft., a level not seen
Is this the calm before the storm? Maybe and maybe not, according to new statistics and analysis published by both the Fraser Valley Real Estate Board (FVREB) and Greater Vancouver Realtors (GVR) on Wednesday. Sales in both real estate board regions are notably lower than they were this time last ye
Like our ever-changing cities and towns, Ontario's real estate and development landscape, and the people who make it run, are also ever-changing. From new hires and retirements to promotions and partnerships, here are all the notable moves, updates, and appointments you should know about from the la
Portal Developments' Junction-Wallace Emerson townhome development site has been listed for $14.5 million by Colliers’ Redevelopment Advisory Group. The 22,507-sq.-ft property is comprised of three connected parcels of land located at 10-22 Pauline Avenue, just one block from the Bloor Street
The (local) world of BC development can move pretty fast sometimes. From new jobs and promotions to CEOs stepping down, it's been a busy month in September for everyone in the real estate industry. Here are all the notable moves, updates, and appointments you should know about from the last 30 days.
On Friday, just before the long weekend, the Conservative Party of BC revealed their long-awaited housing plan, which the party is calling "Get BC Building." The first action item the plan details is the "Rustad Rebate" that the party announced a week ago, which would see up to $3,000 a month in ren
Last week, Canada’s premier real estate conference landed in Toronto — and it was a day of empowerment and unparalleled networking for attendees.On September 26, the BUZZ iN POWER SUMMIT 2024 brought industry leaders and innovators to the Liberty Grand Entertainment Complex for a day of rich real es
There are three main factors that drive housing bubbles: rampant speculation, limited housing, and lowering rates. So, it's no surprise that Toronto just ranked fifth in the world for being at risk of a housing bubble, according to the 2024 UBS Global Real Estate Bubble Index report.Nestled in behin
Nearly a year after City Council approved Toronto's Affordable Housing Plan, which pledged the City-led development of five municipally-owned sites, plans have been submitted for a second site, at 35 Bellevue Avenue. The application was submitted in late-September, just days after plans for anot
Gone are the days of office buildings merely offering four walls and a labyrinth of cubicles. Nowadays, building owners in Toronto's downtown core, and across the country, are upping their game in response to a growing demand for premium workspaces.These "premium" spaces, called Class A product, are
On Monday, Nova Scotia-based Crombie REIT announced that it had reached an agreement with prominent Vancouver-based developer Westbank to acquire the remaining ownership interest in a property the two partners completed in January 2021.The property, known as The Zephyr, consists of 21-storey and 22-
Toronto-based developer Hazelview Investments Inc. is selling a four-building Thornhill redevelopment site for 100% freehold interest. The 7.7 acre site at 300 John Street is located at the Bayview Avenue and John Street intersection in Thornhill, "ideally situated proximate to the rapidly expan
Premier Doug Ford's proposal to build a 55 km-long underground highway tunnel raises serious concerns about the future of transportation and urban planning in Ontario. While large-scale infrastructure projects can seem like bold moves, this approach is based on outdated models that prioritize cars o
In spite of government initiatives specifically designed to get more purpose-built rental off the ground, rental housing in Toronto took a major hit in the first half of 2024, new data from Canada Mortgage and Housing Corporation shows. CMHC reported on Thursday that total housing starts across the
With over 85 years of combined experience, Harley Mintz and Jamie Torpey of Toronto-based Elysium Investments know how to move in harmony with the real estate market. Even the challenging one of today.The pair's know-how is hard earned. Before coming together to form Elysium in 2022, Mintz and Torpe
Over 400 new units could be added to the Caledonia-Fairbank neighbourhood via the proposed construction of a 32-storey mixed-use development from Clifton Blake Group. The developer submitted an official plan and zoning by-law amendment application in late-august that is currently pending review.
On Friday afternoon, the Toronto Regional Real Estate Board (TRREB) announced the appointment of Kevin Crigger to Associate CEO of the organization. Concurrently, Crigger will step into the role of President of PropTx Innovations Inc., which is a wholly owned subsidiary of TRREB and provider of tech
In the heart of Toronto's Little Italy, nestled just steps from the scenic Trinity Bellwoods Park, 146 Beatrice Street — a home that masterfully marries timeless character with modern luxury — is waiting. This fully-renovated home stands proudly on a rare 25-foot-wide lot, serving over 3,600 squ
