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Industry

STOREYS' Trend Of The Year: The Pivot To Purpose-Built Rentals

Over the last twelve months, many industry professionals have shifted their focus from the embattled condo market to creating more purpose-built rentals.

Industry

Stronger Protection Is Coming For New Home Buyers In Ontario. Here’s How

Here's what industry insiders should know about upcoming changes to Ontario's new home warranty program — and how you can play a role.

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 city-wide sixplexes, as agreed to in the City's Housing Accelerator Fund agreement with the federal government. As a result, millions in annual funding remain on the line.

Policy

BC Extended The REDMA Presale Period To 18 Months. Will It Make A Difference?

Earlier this year, the BCFSA extended the REDMA early marketing period from 12 to 18 months for large projects, giving developers more time to hit their presale targets.

Development Projects

Mizrahi To Renegotiate Presale Contracts For Ottawa Project In Restructuring

The 12-storey luxury condo development coming up in Westboro was started back in 2015 and is now in the final stages of construction.

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.

Development Projects

Plans Filed For 40- And 45-Storey Residential, Film Studio In Toronto’s Port Lands

Plans from Tepfam Holdings are in keeping with the ongoing efforts to turn the Port Lands neighbourhood of Toronto into a buzzing community and housing hub.

Retail

Cadillac Fairview "Resolutely Opposed" To Selling HBC Leases To Central Walk

Ruby Liu and her company, Central Walk, have an agreement to take over 25 of Hudson's Bay leases, but is struggling to get approval from the landlords.

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."

Development Projects

56-Storey Tower Proposed By Minto In Partnership With SickKids

The development would retain the Sick Kids Centre for Community Mental Health while delivering 579 new housing units to the Church-Wellesley neighbourhood.

Economy

Scotiabank, RBC Only Big Banks Not Calling For More Interest Rate Cuts This Year

Canada’s ‘Big Five’ banks are updating their forecast tables ahead of next week’s interest rate announcement, and economists appear to be split on what the rest of the year will bring.

Development Projects

4-Tower Proposal Pushes For New Heights On O'Connor Drive

The development would reach 29 storeys at its tallest point, and deliver a daycare, a new public park, retail space, and 915 rental apartment units to the East York neighbourhood of Toronto.

Listed Commercial

Manulife Looking To Sell 22-Acre Cherry Lane Shopping Centre In Penticton

The Cherry Lane Shopping Centre is located at 2111 Main Street in Penticton, has an assessed value of around $69 million, and was recently listed for sale by JLL.