STOREYS Year End Real Estate Series: 2022

2022 has been one of those rare years in real estate, filled with important stories pouring in from every angle. It's been both one to remember... and one many people will likely want to forget.

Recall February? Just 10 short months ago, the GTA housing sector was as hot as it has ever been, with prices and sales hitting record highs. But that was before interest rates and rising inflation rocked nearly every aspect of the Canadian economy, and the housing market was unable to find shelter from the (rate) storm.

As we come to the end of another year in real estate, STOREYS is once again looking back at the most important issues, projects, newsmakers, and trends in our annual 'Year End' editorial series. Every day this week you'll find a new take on the year that was -- and the people and consequences that made it so.

So sit back, settle in, and enjoy a deep-dive (or five) into some of the biggest and most significant storeys of the last 12 months.

STOREYS Year End Series: 2022

In our annual series, we look back at the year that was in real estate. From projects to people, these stories mattered most.

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The potential lawsuit is coming from Mappro Realty, the owner of an adjacent property, over the staging area being used for construction of The One.

​The District Northwest project by Thind Properties is set for 13438 105A Avenue in Surrey and consists of two high-rise towers.

According to CMHC, housing starts across Canada shifted up from 223,391 units in September to 240,761 units this October, though the six-month trend remains "flat."

For those looking to lay down roots in Sherwood Park, a true best-of-both-worlds destination, now may be just the right time — as the community welcomes Hearthstone.

Chacon Developments is currently facing two receiverships and two of its other properties have been made available via power of sale.

Nestled amongst lush foliage, 32 Arjay Crescent, with its grand exterior and sophisticated interior designs, offers one of the most stunning homes in the neighbourhood.

Revised development plans from Pinnacle International ask for increased heights across the board, bringing the proposed storey-count up to 54, 44, and 15 storeys.

The Canada Lands Company and the MST Nations acquired the Jericho, Heather, and Marine Drive Lands in Fall 2014.

Though the Bank of Canada has delivered four interest rate cuts since June, including a healthy 50-bps cut in October, the growth in sales is being attributed to a jump in listings.

The program is called the Purpose-built Rental Homes Incentives Stream and, at a high level, it pairs qualifying projects with certain perks, including development charge deferrals and property tax reductions.

For those with a taste for life’s finest things, but who prefer a touch of edge, this three-bed, three-bath estate in Prince Edward County is a true sanctuary.

The building landscape has its challenges, but we’re still seeing ambitious developers, like Camrost Felcorp, lay their claim.

Camrost Felcorp's Upper East Village offers alluring homes for today’s down-sizers.

​The property, 98 James Street South in Hamilton, was placed under receivership in August and is shovel-ready, with development charges locked in at historical rates.

If you have a rental cottage in Muskoka, you’ll soon need a licence to legally operate it.

Senior Economist at BMO Robert Kavcic explains why most Canadian homeowners will survive the 4 million+ mortgage renewals set to take place over the next two years.

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The District Northwest project by Thind Properties is set for 13438 105A Avenue in Surrey and consists of two high-rise towers.

The property, 98 James Street South in Hamilton, was placed under receivership in August and is shovel-ready, with development charges locked in at historical rates.