Other (Canada)
Real Estate News
"A Return To Stability": Royal LePage Releases 2025 Home Price Forecast
Pending potentially damaging evolutions in political leadership, global conflict, and trade agreements, Royal LePage is predicting a return to stability in Canada's housing market come 2025, with prices appreciating at a steady rate.
Dec 05, 2024
Multifamily
RioCan & Allied Sell 8-Storey Strada In Toronto To CAPREIT For $48M
The 8-storey Strada at 555 College Street in Toronto was developed in 2021 by RioCan and Allied Properties REIT.
Development Projects
Fitzrovia Proposes Luxurious 631-Unit Rental Development For St. Clair West
A 49-storey, 631-unit mixed-use development from Fitzrovia was recently proposed for St Clair Avenue and Avenue Road and it's chock-full of interesting features and amenities.
Under Construction
Municipalities Cannot Impose Their Own Building Standards
RESCON is seeking an order that would enforce the Ontario Building Code Act and prohibit Toronto from imposing building regulations on planning applications as they are beyond the legal authority of the city.
$5M Waterfront Penthouse With 360-Degree Sun Room Listed In Victoria
The penthouse sits atop 21 Dallas Road, right next to Fisherman's Wharf in Victoria.
Real Estate News
The Most Influential People In Ontario Real Estate Right Now
For the third year, STOREYS is releasing its comprehensive list of the most influential people – and yes, a few institutions, organizations, and associations – in Ontario real estate.
Real Estate News
GTA Home Sales Continue To Climb In November With 40% Jump In Sales
After a 44% year-over-year jump in Toronto and GTA home sales in October, TRREB's Market Watch for November revealed another month of encouraging activity with a 40.1% annual increase in sales.
Taxes
Taxes Make Up 36% Of Ontario New Home Prices, Study Finds
According to the organization, 70% of these taxes come from development charges and fees as governments now rake in four times more revenue from the sale of a new home than builders.
Appointment Notices
Phil Verster Steps Down As CEO Of Metrolinx, New CEO Told Eglinton LRT Is The "Top Priority"
After seven years, Phil Verster has resigned his role as CEO of Metrolinx and will be replaced by Infrastructure Ontario CEO Michael Lindsay.
Retail
Tokyo Smoke Exits Creditor Protection, Most Locations Unaffected By Restructuring
“The majority of Tokyo Smoke's retail locations were unaffected by the restructuring, and there will be no disruption or change to the Company's online business.”
Appointment Notices
Ontario Real Estate And Development Industry Hires And Promotions: November 2024
Notable appointments include Simon Holmes being appointed as Chief Investment Officer for BGO Canada and Brynn Nheiley starting as Executive Director at Sustainable Buildings Canada.
Development Projects
Country Calling: Get To Know Sherwood Park, A Beloved Alberta Hamlet
For those who prefer to opt out of urban life without being too far removed from modern comforts, hamlets like Sherwood Park, Alberta are a perfect landing place.
Construction
Purpose-Built Rental Starts “Nearly Quadrupled” In A Decade (And More Are On The Way)
Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts, completions, and the uptake of multi-unit insurance products from CMHC.
Urbanity Fair
My Condolences, Toronto: Your Downtown is Dead
Downtown Toronto is becoming less vibrant, less livable, and less economically significant. And Toronto, the city that prides itself on being world-class, can’t afford that.
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