Brampton

Vandyk Properties Facing Receivership Over $203M Debt
Real Estate News

Vandyk Properties Facing Receivership Over $203M Debt

KingSett Mortgage Corporation and Dorr Capital Corporation filed an application requesting a receivership order for five Vandyk developments, saying they've "lost all confidence" in the developer's ability to complete the developments "in a timely manner or at all."

Oshawa

GTA New Home Sales Jump 32% YoY In June, But Inventory Is Catching Up

New home sales in the GTA spiked in June compared to the same time last year, and yet, were still significantly below the 10-year average.

Mississauga

Ontario to Dissolve Peel Region, Allowing For “More Nimble” Response to Housing Crisis

Ontario has announced its intention to dissolve Peel Region, a move that could render Mississauga, Brampton, and Caledon independent by 2025

Richmond Hill

Competition Heating Up in GTA Real Estate Market as Prices Pick Back Up

With the spring market in full swing, competition for GTA real estate is heating up as low listings leave would-be buyers with few options.

GTA
Richmond Hill

Average GTA Home Price Down 18% Since Rate Hikes Began

Home prices in the GTA were down 17.9% in February compared to the same month last year — the final month before the rate hike cycle began.

Transportation

New $265M EV Battery Enclosure Facility Coming to Brampton This Year

Ontario has secured a $471M investment from Magna International, which will be used to support the opening of a new EV facility in Brampton.

GTA
Transportation

Metrolinx Proposes Rapid Bus Transit from Brampton to Vaughan

According to Metrolinx, the proposed Q7BRT will allow riders to travel from Brampton to the Vaughan Metropolitan Centre on one bus. 

Richmond Hill

GTA Housing Market “Abnormally Front-End Loaded” in 2022, Defined by Downward Trends

Experts weigh in on TRREB's GTA data for 2022, which put average home price above its year-ago level, despite declining home-buying activity.

GTA
Mississauga

Questionable Basement Rentals Target International Students in GTA

A browse through GTA rentals posted on sites like Kijiji reveals small, shared basement apartments with overreaching, or even illegal, asks.