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Real Estate News

Ontario MP Nathaniel Erskine-Smith Named Federal Housing Minister In Cabinet Shuffle

Erskine-Smith is replacing former Housing Minister Sean Fraser, who announced his departure from the federal cabinet on Monday.

Real Estate News

STOREYS' Issue Of The Year: The Condo Market

With the need for more housing plain in Canada, and condos being such a big part of the equation, there’s no minimizing the fact that the condo sector, set against the backdrop of a changed and challenged market, has gripped Canadians with an eye on real estate this year.

Real Estate News

“Political And Petty”: Brad Bradford Suddenly Cut From Planning And Housing Role

Toronto City Councillor Bradford says he was informed that he had been removed from the role of vice-chair just four minutes before the news went public.

Development Projects

Plans Filed For 40- And 45-Storey Residential, Film Studio In Toronto’s Port Lands

Plans from Tepfam Holdings are in keeping with the ongoing efforts to turn the Port Lands neighbourhood of Toronto into a buzzing community and housing hub.

Industry

Canadian Home Sales Up 26% From November 2023, Pointing To An “Active” Winter Market

“Normally we might expect this market rebound to take a pause before resuming in the spring; however, the Bank of Canada's latest 50-basis point cut together with a loosening of mortgage rules could mean a more active winter market than normal.”

Policy

LTB Says Backlog Has Improved 20% In 2024, But Many Claim The System Is Still “Flawed”

Ontario's Landlord and Tenant Board has tripled its adjudicators and cemented a digital-first approach, but it continues to face a massive backlog, igniting calls for change.

Economy

Where Every Big Bank Stands On Wednesday's Interest Rate Announcement

For the last interest rate announcement of 2024 — slated for Wednesday, December 11 — the question is (once again) not will the Bank of Canada lower the rate, but by how much.

Industry

Teresa Goldstein Talks National Housing Council And The “Fascinating Conversation” Of City Building

There’s a lot of pessimism surrounding housing in Canada, but Goldstein speaks on the topic with an undertone of hopefulness and positivity. “The fact that we are having these conversations, I think, is so exciting,” she says.

Retail

Tokyo Smoke Exits Creditor Protection, Most Locations Unaffected By Restructuring

“The majority of Tokyo Smoke's retail locations were unaffected by the restructuring, and there will be no disruption or change to the Company's online business.”

Construction

Purpose-Built Rental Starts “Nearly Quadrupled” In A Decade (And More Are On The Way)

Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts, completions, and the uptake of multi-unit insurance products from CMHC.

Mortgages

Canadian Mortgage Delinquencies Ease Amid Bank Of Canada Rate Cuts

While the phrase ‘mortgage delinquency’ may incite feelings of doom, gloom, and dread, a just-released report from Equifax comes through with a (relatively) positive swing.