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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

Lenders Concerned About Owner Of Richmond Versante Hotel As Sales Process Stalls

Owned and operated by Michael Ching and Sunwins, the Versante Hotel at 8499 Bridgeport Road in Richmond became the subject of a foreclosure in January 2024.

Industry

HCRA Denies Licence To Toronto Homebuilder With Links To Albion

A former director of Albion Building Consultant Inc. has been denied a building licence after applying under a numbered company, 9618759 Canada Inc.

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.

Under Construction

All Eyes Are On Ford To Fix How We Approve New Housing

In the midst of a housing crisis, the labyrinth of approvals and permits that builders have to navigate is perplexing, says RESCON President Richard Lyall.

Development Projects

Brivia Group To Pay $55M To Cut Social Housing From 60-Storey CURV In Vancouver

​The CURV tower by Brivia Group is set to be one of the tallest towers in Vancouver and the tallest passive housing building in the world.

Industry

Inside Hudson's Bay's "Fully Intertwined" Relationship With RioCan

The Hudson's Bay Company filed for CCAA creditor protection last week and that creditor protection extends to its joint venture with RioCan REIT (TSX: REI.UN) as well.

Other (Canada)

Canada's Population Is Aging, Where Is Everyone Going To Live?

The Government of Canada projects that seniors will account for nearly one quarter of the overall population by 2040.

Policy

Toronto Looks To Defer DCs For “Stalled” Condo Projects With Affordable Units

It’s estimated that up to 3,000 condominium units can be moved through the development review pipeline with the proposed development charges deferral.

Economy

Bank Of Canada Slashes Interest Rate To 2.75% As Trade War Develops

This marks the seventh interest rate cut in a row delivered by the Bank of Canada since June 2024.