Real Estate News

Canadian Rent Decline "Compounding" As July Sees 3.6% Year Over Year Drop
Renting

Canadian Rent Decline "Compounding" As July Sees 3.6% Year Over Year Drop

While dipping a nominal $4 from June, national average rent fell 3.6% year over year from $2,201 to $2,121, marking the 10th consecutive month of annual rent decline.

Multifamily

OpenForm Buys Foreclosed Davie & Nicola Project In Vancouver For $38.5M

The Davie & Nicola project by Align Properties was set for 1485 Davie Street in Vancouver and has been under foreclosure since Sepetember 2023.

Development Projects

Bosa Properties Adds Sixth Tower To Bristol Master Plan Project In Surrey

After conditional approval for five towers in 2024, Bosa Properties has submitted a revised rezoning to add a sixth — and increase the total unit count to 2,730.

Policy

New Developer Alliance Pushes Feds For Housing Policy Overhaul, Including Foreign Buyer Ban Exemption

Ahead of the release of federal Budget 2025 this fall, a new alliance made up of 13 big names in homebuilding has put out a suite of recommendations to address the housing crisis.

Hamilton

Hamilton Temporarily Lowers Development Charges By 20%

​The pilot project is intended to spur housing development and improve affordability for Hamiltonians, and will run from September 2025 to August 2027.

Breaking Charts

The Real Canadian Housing Crisis Is In How We Build

​The C.D. Howe Institute's latest report offers a blueprint for breaking free... if we are willing to build differently.

Development Projects

Crestview Ushering Height Into Mount Pleasant East With 60, 65 Storeys Planned

The two-tower Midtown development would deliver over 1,200 new housing units within walking distance of two higher-order transit stations.

Real Estate News

Toronto Area Realtors Report Most July Home Sales Since 2021

“Further interest rate cuts would spur home sales and see more spin-off expenditures, positively impacting the economy and job growth."

Real Estate News

Greater Vancouver Real Estate Market Continuing To See Sales Recovery

Home sales are still down year over year, but the gap is shrinking, according to Greater Vancouver Realtors.

Industry

Receivership Over Logan Avenue New Build Marks Kaleido’s Third In Four Years

Elevate at Logan is a new stacked townhouse complex in Toronto's Riverdale, placed under receivership in July over a $14-million debt.

Development Projects

Eglinton Station May Get Another Towering Neighbour As Stafford, Greybrook Propose 49 Storeys

The plans from Stafford and Greybrook call for a 552-unit tower located steps away from Eglinton subway station and the forthcoming Eglinton Crosstown LRT.

Policy

Will Toronto's Colour-Coded Landlord Ratings Also Shame Tenants?

Toronto City Council has adopted a motion to introduce colour-coded ratings for apartment buildings based on their level of cleanliness and safety. The reform is expected to be phased in next July.