Featured

​A rendering of The Willoughby by Quarry Rock Developments in Langley, British Columbia.
Industry

Quarry Rock Developments In BC Subject Of 9 Receiverships, Foreclosures

Projects by Quarry Rock Developments that are currently under receivership or foreclosure include The Willoughby, The Met, The Gordon, and The Graham.

Development Projects

Another Mixed-Use, Multi-Tower Development Proposed For Yonge And Eglinton

Toronto’s perpetually growing skyline might see another high-rise development come to fruition in the coming months. This time within metres of the hustle and bustle of Yonge and Eglinton — which in recent years has seen several mixed-use towers pop up.

Listed Commercial

Yorkville Development Site Zoned For 38-Storey Hotel Listed For Sale

The sale of 820 Church Street in being brokered by Colliers, and the property is currently zoned for 38 storeys, 118,920 sq. ft of gross floor area, and 172 units.

Policy

Toronto’s New Condo Development Charges Could Hurt Affordability (Even More)

On May 1, development charges on Toronto condos will increase 20.7% from their current rates, meaning the average one-bedroom and bachelor unit will now cost $44,774 in development charges (up from $37,081).

Listed Country

Six-Bedroom Chalet Home In Whistler Hits Market For $3.8M

And when it comes to real estate, Whistler is all about luxurious cabins, cozy cottages, and chalet homes — such as 8349 Needles Drive, which is currently on the market for $3,799,000.

Policy

The Canada Rental Protection Fund Is Launching With Just... $5M?

Budget 2024 documents reveal that the $1.5B Canada Rental Protection Fund will be launching with just $5M in its first year.

Industry

Bankrupt Cambridge Homebuilder Denied Licence Renewal

An investigation has found that Hira Custom Homes had previously “attempted to sell homes that were already under an Agreement of Purchase and Sale, unjustifiably increased prices, did not comply with conditions on its licence, and provided false information to both purchasers and the HCRA.”

Industry

St. Catharines Developer Slammed With 26 Charges For Illegally Selling Homes

The HCRA has revealed that Christopher Lamb and his former company Novel Condominiums “have been found guilty of 26 charges of selling new homes illegally,” and as a result, have been hit with a $150,000 fine.

Development Projects

Westbank And Crombie REIT To Revise Broadway-Commercial Safeway Plans Once More

​The Broadway-Commercial Safeway redevelopment by Westbank and Crombie REIT has seen numerous revisions over the past few years, and is going to get another.

Development Projects

Receivership Order In Effect For Approved Dundas And Shorncliffe Development Site

Contessa Developments’ plans to bring a 22-storey purpose-built rental building to the site have forcibly come to a stand-still after receivership proceedings were initiated last summer.

Construction

Q1 Sets Record Lows For New Home Sales In The GTA

New home sales in March were down 16% from March 2023 and 66% below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.

Policy

BC Gov Announces Next 20 Cities To Receive Housing Targets

​The next group of municipalities to receive housing targets under the Housing Supply Act include Surrey, Kelowna, and New Westminster, among others.