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The 28-storey tower that was planned for 1555 Robson Street in Vancouver.
Industry

GWL Realty Advisors Buys Foreclosed 28-Storey Tower Site In Vancouver For $58M

​The 1555 Robson Street property, which was previously owned by Align Properties, was put up for sale in February.

Renting

Canadian Rents Flatten In March, “Weighed Down” By Declines In Vancouver And Toronto

“As population growth slows with caps on non-permanent residents and supply increases as rental completions continue to rise, rent growth should continue to moderate towards more sustainable levels.”

Transportation

Toronto Pearson Airport To See Billions Of Dollars In Upgrades

Canada’s largest airport, Toronto Pearson, is getting a little work done thanks to a Long-Term Investment in Facilities and Terminals (LIFT) initiative.​

Real Estate News

Canadian Home Sales, Prices “Mostly Unchanged” In March As Buyers Anticipate Rate Cuts

However, “weekly tracking” from CREA reveals “a bounce in new supply” around the second week of March, which lead to “a burst of sales” by the end of the month and “a jump in listings” by the first week of April.

Development Projects

Mississauga Master-Plan Breathes New Life Into The Community

A handful of shiny new transit-oriented communities rising in Mississauga — including Liberty Development’s Canopy Towers — are not only redefining the city's skyline, but rewriting what it means to live there.

Real Estate News

“An Uncomfortably Busy Fall”: Canadian Home Prices To Lift 9% By Fourth Quarter

“It is clear we are rapidly transitioning away from a buyers’ market and back to an environment where the seller has the upper hand,” says Royal LePage President Phil Soper.

Listed Country

This $30M BC Ranch Is One Of The Most Expensive Recreational Properties in Canada

Described in the listing as “rare art,” the sprawling property is unlike any other on the picture-perfect Shuswap Lake in BC, if not unlike any other in the entire country.

Condos

BC Spring Market Forecast: Amidst Uncertainty, Presale Purchase Incentives Are In Abundance

In this series, presented by Spark, STOREYS explores British Columbia's spring market. In today's instalment: a dive into how over the past few months, Metro Vancouver has seen an influx of presale buyer incentives that's reflective of the current state of the market.

Development Projects

Why First-Time Buyers Shouldn’t Get Too 'Fixed' On 30-Year Mortgages

The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly-built homes.​

Listed Commercial

Sprawling, Eight-Address Development Site On Sheppard Lists For $30M

Before you balk at the price tag, take this in: the site comprises of eight abutting addresses and already has zoning approvals in place for an 11-storey condo building and nine townhomes.

Opinion

TRREB Calls For Bold Municipal Action To Tackle Housing Affordability

As the GTA grapples with housing affordability challenges and shelter system pressures, it's important that policymakers step up to the plate. The path to balancing housing demands with supply will require the City of Toronto, GTA municipalities, the Government of Ontario and the Government of Canada to be bold in their actions.

Policy

Ford Government Zeroes In On 'Red Tape' In Sweeping New Housing Legislation

Today, the Ontario government doubled down even further on its relentless mission to speed up government processes and build homes faster.