Ontario was sitting on roughly $10.5 billion in development charge (DC) reserves by the end of 2024, according to a recent report from Desjardins that argues municipalities have become overly accustomed to the fees as a source of revenue. More controversial still, DCs remain one of the most serious
ELM Developments and Fiera Real Estate acquired the assembly at 270 Sheppard Avenue West on January 29. They broke ground on June 17. In a market where rental projects routinely spend years in rezoning, moving from purchase to shovels in under five months is the point — and at 270 Sheppard, they pla
Vancouver-based developers OpenForm Properties and Alabaster Homes are partnering on a two-tower project in the Metrotown neighbourhood of Burnaby, according to a rezoning application set to be considered by Council this week.The subject site of the proposal is 6470 and 6508 Silver Avenue, which is
GTA new home sales aren't out of the woods yet — but the low-rise market is making a strong case for optimism.For the second consecutive month, single-family home sales in the Greater Toronto Area surpassed the 10-year average, buoyed by the enhanced HST rebate program introduced in April 2026. Acco
At Bathurst and St. Clair, Canderel has officially started construction on Forêt Forest Hill — its three-tower, master-planned community in midtown Toronto. The development has secured construction financing from a consortium of five major Canadian banks led by CIBC, with National Bank, TD, Desjardi
Last week, Rentals.ca published their latest rental market report, noting that the average asking rent in Canada declined by 4.7% year over year in May, marking the 20th consecutive month to see a year-over-year decline.“Since reaching a low of $1,662 in April 2021 during COVID-19, average rents hav
Ontario real estate brokerages are getting a new piece of homework, courtesy of their regulator.Starting October 1, 2026, every brokerage in the province will have to attest to and submit an annual financial filing to the Real Estate Council of Ontario (RECO) — a requirement meant to give RECO a cle
After a spring that never quite got going, the Canadian housing market found a gear in May. Home sales across Canadian MLS® Systems rose 5.5% from April, according to the Canadian Real Estate Association (CREA) — the first month in 2026 to post any meaningful upward momentum in headline demand.Where
The Metrotown neighbourhood of Burnaby has seen a tremendous amount of redevelopment over the years, and several projects are currently under construction, but one project has remained idle for over six years now.The subject site is 6645, 6659, 6675, 6691 and 6707 Dow Avenue, just off of Beresford S
What do New York City’s Hudson Yards, Chicago’s Millennium Park, and Paris’s Rive Gauche have in common? They’re all built directly on top of active railway lines. And Toronto has fresh plans to do the same – this time, as a brand-new mixed-use community rather than a standalone park. For years, wha
A rezoning application has been submitted for a high-rise mixed-use tower in Vancouver that's residential space would consist entirely of social housing.The subject site of the proposal is 259-293 East 11th Avenue and 216 Kingsway, located on the western side of Sophia Street in the Mount Pleasant n
The Bank of Canada held its overnight rate at 2.25% on June 10, citing a mix of domestic weakness and global turbulence that has complicated the economic outlook.Canada's GDP slipped 0.1% in Q1, weaker than the Bank had projected in April, and the economy is expected to remain in excess supply even
After approving the Vancouver Plan in 2022, the City of Vancouver adopted the Vancouver Official Development Plan (ODP) on March 31, 2026, which replaces the 2022 plan as the guide for how Vancouver will grow over the next 30 years.The Vancouver ODP categorizes areas of Vancouver into several neighb
A lakefront estate in Mont-Tremblant, listed at $19,800,000, has sold — setting a new record as the highest residential sale ever recorded in the region through the Québec Professional Association of Real Estate Brokers' Centris database.The sale, brokered by Sotheby's International Realty Canada, i
Transforming Toronto’s future means digging through its past – literally. The anticipated 15.6 kilometre Ontario Line subway will transport riders across the city in 40 minutes — from Exhibition Station to Don Mills Road — and feature both underground tunnels and an elevated gateway. In April 2026,
Wesgroup Properties is giving qualified buyers something the Vancouver new development market has never offered before: a weekend to see for themselves. In a city where new development purchases are typically made on the strength of a floor plan and a showroom visit, it's an experiential offer that
There are four units in The High Park Garage. This is one of them.121 Fermanagh Avenue spent most of its life as a working commercial garage just of Roncesvalles Avenue. When it was converted, the developers kept its character. Exposed original floor beams run across the ceilings. The floors are hea
Concert Properties Ltd. has announced the formation of a joint venture with a Brookfield affiliate for a Canadian industrial portfolio valued at approximately C$1 billion.The deal brings together eight properties totalling roughly 5.3 million sq. ft across Vancouver, Toronto, Calgary, and Ottawa. Th
Since peaking in 2022, Ontario’s cottage market has been undergoing a slow but steady market correction that has seen sales fall, prices drop and inventory rise. This trend continued in 2025 with a 12% year-over-year decrease in annual sales, and seven to nine months of inventory across the core cot
Just around a year after Toronto-based Republic Developments and private equity firm Harlo Capital listed their massive Scarborough Junction project last year, as first reported by STOREYS, the project has found a buyer. Kind of. Instead of selling the project outright, Republic and Harlo have forme
Ontario’s housing market is no longer experiencing a temporary downturn. It is confronting the consequences of a structural policy failure decades in the making. The evidence is now overwhelming: the market is unlikely to self-correct without significant intervention because government policy itself
The real estate market in the Lower Mainland — and beyond — has been tempered, to say the least, and there isn’t any reason to expect that to change heading into the summer, according to the real estate boards of Greater Vancouver and Fraser Valley.In May, the Greater Vancouver Area recorded 2,228 h
We know you like to know what's up.For your information, reference, and networking needs, here are the moves, hires, and promotions the real estate and development sector saw in May 2026:Alyssa Foley has been promoted to Vice President of Financing at Peakhill Capital.Aram Stamboulian has been promo
Upfield Capital has acquired Cornerstone at Uplands, a 181-unit purpose-built townhome rental community currently under construction in Edmonton. The Vancouver-based real estate investment and asset management firm made the acquisition in partnership with Arrowleaf Real Estate.The acquisition comes
