Real Estate News
Real Estate News
What The GTA Housing Market Can Expect In 2025
What can we expect come 2025? Is the growth we've seen sustainable? What will sell? Who will buy? Prices? Ahead of the new year, STOREYS spoke to experts and insiders to get an idea of how 2025 could play out.
Dec 12, 2024
Industry
Tridel Chosen To Complete Mizrahi's The One, Providing Glimmer Of Hope
Tridel was selected to complete The One after the sales process resulted in no bids to buy the project.
Development Projects
52-Storey Tower To Reimagine Office Building In Entertainment District
The proposal envisions a 43-storey addition atop an existing nine-storey building, delivering 852 residential units with retail at grade and an "oasis"-like terrace.
Development Projects
Century Group Proposing 4-Tower Redevelopment Of Tsawwassen Town Centre Mall
The redevelopment of Tsawwassen Town Centre Mall being proposed by Century Group would consist of four towers up to 24 storeys.
Tudor-Style North Saanich Estate In BC Hits Market For $2.4M
The beautiful home sits at 1345 Readings Drive in North Saanich, located on Vancouver Island in British Columbia.
Development Projects
Final Phase Of Parkside Square Master-Planned Community Proposed
Plans have been submitted for the 43-storey residential building that will complete the four-tower Parkside Square lands master-planned community in North York.
Policy
Bonnie Crombie's Housing Plan Targets DCs and Land Transfer Tax
The new plan aims to make housing more affordable by axing the Land Transfer Tax for first-time homebuyers, scrapping development charges on new homes under 3,000 sq. ft, and improving the renting industry.
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.
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.
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.
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