Breaking News

​The Hotel Georgia and private residences (left) and the interior of the penthouse.
Sold

Hotel Georgia Penthouse Sells For $15.7M In Downtown Vancouver

Unit 4801 at 667 Howe Street in Vancouver, the penthouse atop the 48-storey Hotel Georgia private residences, was sold last week.

People

Ontario Real Estate And Development Industry Hires And Promotions: July 2025

Notable moves include Joseph Feldman, who has been named President of Camrost Felcorp, and former TAS executives Hugh Clark and Khan Tran, who have joined the City of Toronto and Capital Developments, respectively, in executive roles.

Policy

Vancouver Developers Push For Foreign Buyer Ban Changes To Spark Presales

​Developers including Beedie, Cressey, Intracorp, Polygon, and Westbank have signed an open letter asking the federal government to reconsider the foreign buyer ban.

Economy

Third Straight Hold: Bank Of Canada Keeps Interest Rate At 2.75%

The central bank is staying the course amid softening economic indicators, stubborn inflation, and tariff uncertainty, leaving markets guessing on the next move.

Policy

Toronto City Council Waives Development Charges On Sixplexes

The decision follows last month's vote to allow sixplexes as of right in just nine wards, instead of legalizing them city-wide as agreed to in the City's Housing Accelerator Fund agreement. As a result, millions in annual funding remain on the line.

Construction

Governments Are Turning The Corner On Development Fees. Will It Make A Difference?

Various governments across BC and Ontario have shown a strong willingness to tweak their policies around development charges over the past year as developers struggle to move forward with projects.

Real Estate News

“Prolonged Downturn”: GTA New Home Sales Down 80% From Historical Norm

​June's weak numbers, with just over 500 new homes sold, come amid what BILD has called "the worst downturn of new home sales in the region on record."

Policy

Surrey Unveils New Land Use Plan For City Centre And Central Business District

The City of Surrey is currently in the process of updating its City Centre Plan and has published a draft land use plan.

Policy

Vancouver To Transform Development Process With Standardized Residential Zones

​The changes proposed by the City of Vancouver would set default heights and densities for different residential zoning districts and streamline the development process.

People

Christine Boyle Named Minister Of Housing As Eby Shuffles Cabinet

Christine Boyle previously served on Vancouver City Council before being elected as an MLA in the Fall 2024 election. She replaces Ravi Kahlon.

Affordable Housing

CreateTO Flexes 15 Sites To Be Rolled Out Under New ‘Toronto Builds’ Framework

The City of Toronto has expressed a desire to create a new entity known as Canada-Ontario-Toronto Builds (COT Builds), which takes a cue from the widely applauded BC Builds.