Real Estate News
Meet the Real Estate Agents Running in the Upcoming GTA Municipal Elections
When not working closely with their clients, these real estate agents are looking to better their communities, running in the GTA municipal elections.
October 20, 2022
04:16 AMTrending
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Industrial
City Of Richmond Pays $68M For Industrial Property Valued At $32M
The property sits at 7280 River Road, one block away from No. 3 Road and Alderbridge Way in Richmond.
Office
Slate Asset Management Announces "Strategic Reduction" In Office Portfolio
The announcement came just a week after Slate Asset Management said it was terminating its management agreement with Slate Office REIT.
Real Estate News
Canadian Home Sales Inch Up In September, Rebound Still Expected For 2025
"With the pace of rate cuts now expected to be much faster than previously thought, it’s possible some buyers may choose to hold off on a purchase for now," says CREA’s Senior Economist.
$6M In State-Of-The-Art Renos Meet Opulent History At This Baby Point Mansion
With its cobblestone drive, pitched cedar roof, and brick chimneys, the home appears to be plucked from the pages of a fairy tale book.
Development Projects
Revised Plans Add 33 Storeys To Heritage Building Near Queen West
Last year, we found out that Toronto Raptors small forward Scottie Barnes would be helping to design a sports simulator room planned for the building, however, Barnes' continued role is "to be determined, at this point," according to a representative from Originate Developments.
Renting
Roommate Rental Listings Up Nearly 50% Across Major Canadian Markets
“Vancouver and Toronto […] have experienced a notable increase in condo units where owners are subletting spare bedrooms. Additionally, condo investors in these cities are listing individual bedrooms within larger units, thereby offering lower asking rents to attract prospective tenants.”
Renting
Canadian Rent Growth Slows To 3-Year Low As International Student Enrolments Plunge
Urbanation President Shaun Hildebrand notes that foreign student enrolments have dropped off “by roughly a half from their record highs,” and that the effects have been felt most in Ontario and BC.
Development Projects
A Soaring 3-Tower Development Is Headed For Flemingdon Park
The 44-, 47-, and 49-storey project comes from Toronto-based developer Stanford Homes and could bring 1,833 residential units to the North York neighbourhood.
Office
Westbank Sells M2 Office Building In Vancouver For $115M To Spear Street Capital
The M2 office building sits at 114 E 4th Avenue in Vancouver and is part of the ongoing Main Alley development by Westbank.
Urban Living
What’s Open And Closed On Thanksgiving Weekend In Toronto
Many businesses and services will be closed on Thanksgiving Monday, while others will observe modified hours.
Construction
How DCC Rates Compare Across Metro Vancouver Municipalities
A recent report found that rates for development cost charges (DCCs) vary quite significantly from city to city.
Industry
Midtown Preconstruction Project Hit With Receivership Over $53M Debt
The debts accrued during the planning approvals stage for a 10-storey mixed-use development set for Eglinton Avenue West.
Office
TD Greystone Sells Partial Stake In Vancouver Telus Garden To Morguard
Telus Garden sits at 510 W Georgia Street in Vancouver and was developed by Westbank and Telus, who then sold it to Greystone Managed Investments and Forgestone Capital.
Real Estate News
Is This (Finally) The Bottom?
For more than two years, the GTA real estate market – from new builds to resale – has been on a downward trajectory. Has that finally changed?
Development Projects
40-Storey Rental Tower In Downtown Kelowna By Mission Group Moves Forward
The development is being proposed by Mission Group and is set for 1355 St. Paul Street, adjacent to the new UBCO Downtown tower currently under construction.
Opinion