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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Economy
Bank Of Canada Pulls Trigger On Second 50 Bps Interest Rate Cut
Wednesday’s decision — the last of the year — brings the policy rate down to 3.25%.
Policy
LTB Says Backlog Has Improved 20% In 2024, But Many Claim The System Is Still “Flawed”
Ontario's Landlord and Tenant Board has tripled its adjudicators and cemented a digital-first approach, but it continues to face a massive backlog, igniting calls for change.
Renting
Canadian Rents Decline To 15-Month Low In November
Though rents remain well above historic levels, they are on the decline, with November posting a 1.6% drop in prices compared to last year.
$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.
Development Projects
QuadReal Revises Plans For 45-Storey Purpose-Built Rental Project In Mount Pleasant
The updated plans include an additional 24 storeys and 527 rental apartments, all within walking distance of the Eglinton Subway and planned Eglinton Crosstown LRT stop.
Urbanity Fair
5 Housing and Urban Initiatives From 2024 To Watch For In 2025
The key policies introduced this year — ranging from new zoning laws to federal housing initiatives — show promise in addressing Toronto's housing crisis and improving its transit options.
Industry
Thind Facing Foreclosure On Burnaby Maywood Project Acquired This Year
The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.
Economy
Where Every Big Bank Stands On Wednesday's Interest Rate Announcement
For the last interest rate announcement of 2024 — slated for Wednesday, December 11 — the question is (once again) not will the Bank of Canada lower the rate, but by how much.
Listed Luxe
Contemporary Dundas Estate With Spa House And Apple Orchard Hits Market
If one home simply won't cut it, why not try four, spread across a 39-acre estate nestled along the edge of the Niagara Escarpment?
Industry
Teresa Goldstein Talks National Housing Council And The “Fascinating Conversation” Of City Building
There’s a lot of pessimism surrounding housing in Canada, but Goldstein speaks on the topic with an undertone of hopefulness and positivity. “The fact that we are having these conversations, I think, is so exciting,” she says.
Development Projects
First Capital REIT Proposes 13 & 35 Storeys Near Danforth GO
The mixed-use development would deliver 620 residential units within walking distance of the Main Street Subway Station and Danforth GO.
Meet The Agent
Meet The Agent: Ally Ballam, Engel & Völkers Vancouver
It's time to say "Hello" to Ally Ballam, Advisor, Engel & Völkers Vancouver, who focusses on Vancouver, North Vancouver, Tri-Cities, and the Fraser Valley.
Policy
Planning & Housing Committee Tackles Offices, Mid-Rises, And Missing Middle
At a Committee meeting on Thursday, councillors adopted a number of items that tackle the missing middle, optimizing building guidelines, and addressing office vs. housing needs throughout the City.
Real Estate News
Ashcroft Homes Denied After Attempting To Discharge Ottawa Receivership
The Ottawa-based developer secured new financing to clear $6.5M in debt and climb out of receivership in mid-September, but was ultimately denied in late-November.
Industry
Inside The Ongoing Battle Between Peterson & Create Properties Over Burnaby Lake Village
An ongoing dispute between Peterson Group and Create Properties resulted in the Burnaby Lake Village project being placed under creditor protection in November.
Real Estate News