Real Estate News
Mortgages
Majority Of Canadian Homebuyers Paying Maximum Price They Can Afford
CMHC's 2025 Mortgage Consumer Survey dropped this week, revealing that almost 60% of homebuyers are paying the maximum price they can afford for a home.
May 23, 2025
Industry
Toronto Development Marketing Firm L.A. Inc. Closes After 40 Years
"The end of an era." After 40 years in business, top real estate marketing firm L.A. Inc. announced on Thursday that the company has closed its doors.
Policy
BC Gov To Order Changes In West Van And Oak Bay After Missed Housing Targets
Earlier this year, the Province appointed special advisors to review why West Vancouver and Oak Bay missed their housing targets by a wide margin.
Development Projects
Choice Properties Advances Plans For 17 Storeys Near Warden Station
The project has faced pushback in the past, but is now advancing with a Site Plan Approval application for Block Three, planned to accommodate a 17-storey rental building designed by Giannone Petricone Associates.
Expert: Market Momentum Is Slowing – But Trusted Real Estate Professionals Are Rising
During periods of greater uncertainty, the role of a real estate agent evolves from a deal-maker to a true fiduciary.
Industry
Matchpoint Facing Receivership On Completed Chloé Project In Kerrisdale
The Chloé project at 2096 W 47th Avenue in Vancouver was completed by Matchpoint Development last year and placed under receivership this February.
Development Projects
First Capital Completes Land Assembly, OLT Settlement For Avenue Lawrence Project
First Capital REIT acquired the Avenue Road and Lawrence Avenue West properties in Toronto in phases over the last few years.
Industry
Are Rennie's Layoffs The Canary In The Presale Coal Mine?
Rennie Group has announced they'll be laying off 25% of their staff in response to a drop in condominium presales activity over the last two years.
Multifamily
Foreclosed Project By Align Properties Near Oakridge Park Sold For $17M
Align Properties was planning two six-storey rental buildings at 5589-5661 Baillie Street in Vancouver before Amber Financial initiated foreclosure proceedings.
Listed Commercial
Republic and Harlo List Scarborough Junction Mega-Site With 7,655 Approved Units
The 7,655-unit Scarborough Junction master-planned community by Republic Developments and Harlo Capital is set for a 26-acre site right next to the Scarborough GO station.
Development Projects
VHDO Revises Pacific Burrard Project In Response To City Feedback
The Vancouver Housing Development Office unveiled the project near Burrard Bridge in December 2024 and has since made a series of revisions.
Development Projects
43 Storeys Proposed Next To Eglinton LRT, Caledonia GO
Plans have been filed for a chic new 12- and 43-storey mixed-use buildings that would deliver over 600 new housing units to Eglinton Avenue West.
Industry
“Hundreds Of Violations”: Ontario Regulator Lays Charges Against Stateview Homes
Ontario’s Home Construction Regulatory Authority (HCRA) has laid a set of charges against seven companies operating under Vaughan-based Stateview Homes.
Development Projects
Fairway Developments Proposes 19-Storey Condo Near Keele Station, Bloor GO
The development would be located at 1728 Bloor Street West, steps from the Keele subway station and Bloor GO, offering excellent connectivity throughout Toronto and beyond.
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