Breaking News
Industry
Exclusive: Keltic Development CEO Explains How Nexus Landed In Receivership
CEO Rachel Lei says Masimo’s withdrawal and loan amendments from SHAPE Capital left Keltic struggling to keep Nexus on track.
Sep 10, 2025
Construction
Latest CMHC Report Confirms What We Already Know — Toronto Is In Crisis
The federal housing agency says that Toronto is in for its lowest level of housing starts in 30 years.
Sold
Foreclosed Vancouver Mansion Of Thind Properties CEO Sold For $13.6M
Thind Properties has been facing a series of insolvencies on its projects and lenders have also gone after Founder Daljit Thind's personal assets, including his home at 3138 W 51st Avenue.
Opinion
Op-Ed: The Bank Of Canada's Subtle Housing Warning
The message for Canadians is that rate policy will respond to economic fundamentals through a lens that explicitly considers housing inflation risks, writes Toronto-based real estate agent Cameron Levitt.
This GTA Company Is Reimagining Renos With Multiplex Conversions
As housing demand soars and affordability dwindles, Toronto’s “missing middle” has gone from planning lingo to urgent priority. This is where Plexcon Construction steps in.
Development Projects
Osmington Gerofsky Advances Vandyk’s Multi-Tower Mimico Project In Receivership
The site at 39 Newcastle Street is part of a series of Toronto-Area addresses that were placed under receivership in late-2023 as Vandyk Properties fell into severe financial distress.
People
Ontario Real Estate And Development Industry Hires And Promotions: August 2025
Notable moves include Heather Grey-Wolf being named CIO at Infrastructure Ontario, Doug Rollins being announced as ED of Toronto’s Housing Secretariat, and David Cogliano being promoted to Partner and EVP of Tercot Communities.
Development Projects
OPTrust Buys Out Westbank From Sen̓áḵw Project By Squamish Nation
OPTrust previously held a stake in the first two phases of the landmark Sen̓áḵw project and has now acquired Westbank's stake in the project, increasing its stake to 50%.
Policy
BC Sets 2026 Rent Increase Cap At 2.3%, Tying It To Inflation
The 2.3% maximum rent increase cap set for 2026 is a significant decrease from the 3.0% that was set for 2025.
Construction
There’s Promise In Prefab — But First We Need The Big Builders (And Big Money) On Board
“On a per-capita basis, we are producing far less housing despite our intent, all the incentives, the industry's desire. The only way to change that is to try something radically different from what we have done in the past.”
Real Estate News
Is Now The Time To Buy A Toronto Condo? For Some, It Should Be
For those planning to live in their condo for the long haul — not just invest in one — today’s market could offer rare affordability and negotiating power.
Retail
Bonnis Properties Sells Granville-Robson Retail Complex For $140M
The high-profile retail complex at 798 Granville Street in downtown Vancouver was listed for sale in late-2023.
Office
H&R REIT Offloads Canadian Pacific Building With Zoning Approvals For $20.2M
H&R REIT’s plans for a 21-storey mixed-use building with 127 condo units were approved by Toronto City Council in February 2024.
Breaking News
RECO To Shut Down All 17 iPro Brokerage Locations By Tuesday
The shutdown follows an inspection by RECO that revealed the Mississauga-based brokerage had "a significant shortfall" in their accounts, constituting a TRESA violation.
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