Real Estate News
Industry
"Defiant" Owner Of 55 Dundas Forces BMO To Settle Receivership For $8M
The company that owns 55 Dundas, 11603531 Canada Inc., was placed under receivership in November at the request of BMO.
May 17, 2024
Development Projects
Signs Of Life? Rezoning Approved For Decades-Vacant Site On Clark Drive
At the southeast corner of 12th and Clark, a developer has figured out a way to build on a lot that’s been vacant for at least 30 years – long enough that many people can’t remember what once stood there.
Construction
"Fragmented" Industry Keeping Canada From Reaching Its Construction Capacity: CMHC
Canada isn’t living up to its construction capacity, according to a new report from the Canadian Mortgage and Housing Corporation (CMHC).
Development Projects
17-Storey High Park Proposal Gets Pushback From Community, City Staff
“I think that there's a perfectly good case to be made for a new building going there,” Ward 4 Councillor Gord Perks tells STOREYS. “I think it's a great site for a new building. It just requires that the developers… follow the rules of good planning.”
‘A Deep-Rooted Focus’: Averton Enters Alberta And Ontario Purpose-Built Rental Markets
"We appreciate that the homes we build, and the communities we develop, are the backdrop to our customers’ everyday experiences," says Averton President and CEO Paul Lanni. "This is something we don’t take for granted, and the pursuit of excellence is what fuels us.”
Industry
Edmonton UDI And CHBA Merge To Form BILD Edmonton Metro
UDI – Edmonton Metro CEO Kalen Anderson has been named BILD Edmonton Metro's inaugural CEO.
Industry
A Towering Achievement: Tridel Celebrates 90th Anniversary (With More Toronto Development Plans)
Tridel has been in the game for nearly a century and has built enough homes to house a mid-sized city over that timespan. The pioneering Toronto real estate developer was even among the first in Canada to embrace the then-new condominium model in the mid-20th century.
Economy
"Calm is Good" In Canada's Housing Market: BMO
"When it comes to Canadian housing, calm is good," writes head BMO Economics economist Douglas Porter.
Development Projects
DiamondCorp Files Plans For Sleek 56-Storey Skyscraper At Yonge And Eglinton
The proposal comes from DiamondCorp — a developer known for tapping into the potential of under-utilized sites across the Greater Toronto Area — and seeks to replace a Royal Bank of Canada building that’s currently on the site.
Development Projects
Grosvenor's Brentwood Block With Six Towers Up To 63 Storeys Receives Final Approval
The Brentwood Block project by Grosvenor in Burnaby is set to deliver nearly 3,500 housing units, including the tallest all-rental tower in Western Canada.
Policy
Calgary Approves City-Wide Rezoning, Welcoming Missing Middle Housing
A week after ending the largest public hearing in Calgary's history, Council approved city-wide rezoning on Tuesday with a 9-6 vote.
Development Projects
45 Storeys, 488 Living Units Proposed For Etobicoke Centre
Vaughan-based development group Forest Gate has submitted plans for a prospective 45-storey mixed-use building that would replace a 10-storey rental building in Islington Village.
Real Estate News
‘Most Balanced Since Before The Pandemic’: Canadian Home Sales Dip, Inventory Rises
“April 2023 was characterized by a surge of buyers re-entering a market with new listings at 20-year lows, whereas this spring thus far has been the opposite, with a healthier number of properties to choose from but less enthusiasm on the demand side.”
Industry
BC Housing Granted Foreclosure Of Affordable Housing Project Over $18M Debt
The Olympic Villas affordable housing project, located at 4010 Walters Street in Merritt, completed in November 2022 with $16.6M in low-interest financing from BC Housing.
Load more