Breaking News
Industry
Are Rennie's Layoffs The Canary In The Presale Coal Mine?
Rennie Group has announced they'll be laying off 25% of their staff in response to a drop in condominium presales activity over the last two years.
May 21, 2025
Real Estate News
The New Florida? Where Canadian Snowbirds Can Consider Landing Next Year
The country's current 'elbows-up' culture has many who fly south for the winter reconsidering where they should spend their time – and their money.
Policy
Ontario's 2025 Budget Earmarks Millions For Modular Housing, Waterfront Toronto
The budget also draws attention to grim homebuilding realities in Ontario, with housing starts projected to slow to 71,800 this year and 74,800 in 2026.
Industry
Elm To Take Over Vandyk Uptowns, Heartlake Projects In Brampton Under Receivership
Court documents from May detail development management contracts that would have a sub-brand of Elm Developments oversee the remainder of the projects.
Expert: Market Momentum Is Slowing – But Trusted Real Estate Professionals Are Rising
During periods of greater uncertainty, the role of a real estate agent evolves from a deal-maker to a true fiduciary.
Development Projects
Wesgroup Joins Crombie REIT On Four Safeway Redevelopments In Metro Vancouver
Wesgroup Properties is joining Crombie REIT on its Kingsway & Tyne, Lynn Valley, Hastings, and West Broadway projects across Metro Vancouver.
Real Estate News
How Far Will Carney’s $26B Prefab Promise Get Us In A Housing Crisis?
Prime Minister Mark Carney has pledged to provide $25 billion in debt financing and $1 billion in equity financing “to innovative Canadian prefabricated homebuilders.”
Policy
Calgary Announces New Downtown Density Bonusing Offset Program
The new Downtown Density Bonusing Offset Program will encourage high-density residential development in downtown Calgary.
REITs & Institutions
RioCan Recognizes $209M Investment Loss From Joint Venture With Hudson's Bay
RioCan REIT (TSX: REI.UN) and Hudson's Bay formed their joint venture in 2015.
Real Estate News
"Scaring On The Psyche": TD Calls For Further 10% Drop In Condo Prices This Year
Recent data from TD Economics' GTA Condo Market Outlook points towards condo values falling a total of 15-20% from their peak in Summer 2023 by the end of 2025.
Industry
Canadian Developers Respond To Carney's Win, Liberal Policies
“That’s something we should completely take out of the conversation – more government... Housing should be left to the experts we have now.”
Industry
Landmark Premiere Properties Facing Second Insolvency In Vancouver
This latest insolvency for Landmark Premiere Properties is pertaining to three parcels right across the street from Oakridge Park in Vancouver.
Policy
“Politically Necessary”: Toronto Moves To Freeze DCs Ahead Of May Increase
Toronto City Council’s decision to keep development charges at their current rate came a week before a 4% increase scheduled for May 1.
Policy
What Mark Carney's Election Win Means For Canadian Housing
The newly (re)minted Prime Minister made a slew of promises on the campaign trail aimed at remedying the housing crisis. Now that he's won, here's what Canadians can expect to see.
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