Brampton

Policy

Province Awards $25.5M To Brampton For Reaching 85% Of Housing Target

“These funds can be used by the city for infrastructure projects that lay the groundwork for more housing and community development,” Premier Ford said at a press conference on Friday morning.

Renting

Brampton To Resume Landlord Licensing Pilot In March Despite Public Outcry

City of Brampton staff have said that they intend to relaunch the hotly contested Residential Rental Licensing pilot program with new and clarified parameters next month.

Industry

3-Tower Project In Brampton Under Receivership Over $10M Vendor Take-Back Mortgage

Court documents show that the debtor failed to cough up a $400,000 interest payment to Homedale-Eagle Corporation that was due on November 2, 2023, and has been in default of the loan ever since.

Renting

Brampton Pauses Landlord Licensing Program Just Weeks After Its Launch

An update posted to the City of Brampton website says that the Residential Rental Licensing pilot program that went into effect on January 1 has been “paused temporarily.”

Renting

Brampton Launches Landlord Licensing Program To Crack Down On Illegal Rentals

A pilot program that went into effect in five Brampton wards on January 1 requires those who own or operate a property containing between one and four rental units to obtain a licence.

Urban Living

Ontario Dodging “Financial Train Wreck” By Scrapping Peel Region Dissolution, Some Say

Although full dissolution is off the table, City of Mississauga officials say that they remain “fully committed” to becoming an independent, single-tier city.

Homes

Homebuyers Have More Choice As Sales And Prices Continue To Fall in GTA

High borrowing costs, uncertain economic conditions, and a general lack of affordability have strangled home sales this year, pushing many would-be buyers to wait on the sidelines until purchasing makes more financial sense.

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