Breaking News
Industry
What BC Developers Really Think About Another NDP Term
One of BC’s top developers made waves in the last days of the provincial election campaign by urging everyone to vote BC Conservative in order to end an NDP regime headed by Premier David Eby that he called a blight on the economy and more.
Nov 22, 2024
Breaking News
Duck Island, Home Of Richmond Night Market, Subject Of $90M Foreclosure
Duck Island, located along the Fraser River and leased to the Richmond Night Market, was set for redevelopment by Jingon International Development Group.
Policy
Vaughan "Dramatically" Drops Development Charge Rates
In particular, the development charge rate for low-rise residential has been brought down by over $44,000, the City of Vaughan said.
Industry
Construction On The One Threatened By Potential Lawsuit Against Receiver
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.
For Homebuyers Seeking Convenience And Calm, Innisfil Has It All
Innisfil's picturesque shorelines, fresh air, and nature trails provide a serene escape from the bustling city.
Real Estate News
Canadian Home Sales Reach Highest Level Since April 2022
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.
Development Projects
“A Place Of Its Place”: Beltline Yards Development Is Equal Parts Ambitious And Transformative
The beloved Beltline trail is the "spine of the development" and could connect the city like never before. “We’re really trying to bend the right rules in terms of how we masterplan, taking cues from other countries and creating a real destination and neighbourhood, even for tourists and architecture nerds.”
Construction
Inside The Metro Vancouver DCCs And The Potential Housing Price Increases
Housing prices, whether it be sale prices or rents, could increase anywhere from 1% to 3% with the new Metro Vancouver DCC rates — if they get built at all.
Appointment Notices
Ontario Real Estate And Development Industry Hires And Promotions: October 2024
Notable appointments include Kevin Crigger being appointed Associate CEO of TRREB and HCRA welcoming Terence Young and Sam Biasucci as Chair and Vice Chair of their Board of Directors.
Mortgages
85% Of Mortgages Up For Renewal In 2025 Face Higher Interest Rates
A certain percentage of those with mortgages up for renewal in 2025 could experience interest rates anywhere from 1% to 2.25% higher than when they entered into their last term.
Office
Cadillac Fairview Sells 26-Storey Calgary Office For $16.9M To Enright Capital
The office building sits at 635 8th Avenue SW in Calgary and was acquired by Calgary-based Enright Capital.
Real Estate News
GTA Condo Supply Is Approaching A Number “The Market Has Never Seen”
How long will it take for almost 40,000 condo units — be those unsold units in development, assignment listings, or resale listings on MLS — to be absorbed into the GTA market?
Retail
Vandyk-Owned Van Mills Retail Centre In Mississauga Sold Via Receivership
The Van Mills Centre retail plaza was owned by Vandyk Properties and was placed under receivership in February 2024.
Muskoka
Proposed Bracebridge Townhome Project Aims To Tackle Muskoka's "Attainability Problem"
The exciting infill project plans to tackle attainability and sustainability through innovative measures including increased energy efficiency and a co-ownership program.
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