Real Estate News Headlines from Across Canada

Mortgages

“Worst-Off Borrowers” Could See Mortgage Payments Spike Upwards Of 70%

While some borrowers will look to extend the amortizations of their mortgages, others will opt to make lump-sum payments — however, both options “come with their own costs,” an expert says.

Future Developments

‘Finned’ Design Of Proposed Annex Condo Strays From The Status Quo

Architect Gabriel Fain tells STOREYS that the proposed development “preserves a historic building on the site and projects a new vision of dense housing in the city.”

Condos

Bosa Properties Guaranteeing Rental Revenue To Solhouse 6035 Buyers

Bosa's Rental Revenue Program guarantees a set amount of rental income depending on unit sizes, with Bosa paying the difference if the rental income they receive is lower than what's guaranteed.

Real Estate News

Almost 50% Of Ontarians Rethinking Plans To Move, Buy As Rates Stay High

Millennials and baby boomers are in a particularly “tough position,” a new report shows.

$6.9M Modern Farmhouse Sits On 12 Acres In The Heart Of Aurora

Beyond a sprawling, private lot, the property touts a stunning modern farmhouse with all the trappings of luxury.

Renting

Kelowna's Short-Term Rentals Stall Amid New Government Measures

Because the Okanagan is a vacation destination, it drew a lot of investors who could more than cover their mortgage and tax costs by booking short-term rental guests. Now, many are having to sell.

Future Developments

New Developer REACH Reveals First-Ever Project: 46 Storeys In Scarborough

REACH Developments, founded earlier this year, has submitted plans to the City of Toronto to build a 46-storey condo tower on Sheppard Avenue East, just a stone's throw away from the newly improved Agincourt GO station.

Future Developments

Peterson Moving Forward With 29-Storey Tower, 15-Storey Hotel On Cambie

Peterson Group was originally co-developing the project with Coromandel Properties, but is now proceeding without them.

Real Estate News

Moving Science Centre To Ontario Place Would Save $257M, Ford Gov Says

Keeping the Science Centre where it is would cost $1.3B over the next 50 years, the Province says, whereas moving it to Ontario Place would cost $1.05B over the same time period.

Homes

A Chill Has Come Over Canada's Ski Property Market

Across Canada, the majority of winter recreational regions recorded double-digit declines in the number of homes sold during the first 10 months of 2023, according to a new report from Royal LePage.

Industry Profiles

CREA Names Janice Myers As New CEO

Myers, the current CEO at the Ottawa Real Estate Board, brings with her more than 20 years of real estate leadership experience. She will replace interim CEO Debra Cowan.

Real Estate News

“Weakness Is Spreading”: Economist Says Canadian Housing In For A Slow Spring

A new report looks ahead at Canadian housing in 2024, and forecasts softer sales and prices across all major markets, as well as a drop-off in homebuilding activity.

Real Estate News

Interest Rates, Affordability To Keep Canada's Housing Markets Quiet In 2024

But a flurry of springtime activity is not off the table, RE/MAX President Christopher Alexander told STOREYS.

Future Developments

BC Gov Announces Transit-Oriented Development Project In Port Moody

The project was originally proposed in July 2020 as part of a proposal forwarded by the Moody Centre TOD Master Planning Group, a group of several developers and owners.

TRENDING: “Weakness Is Spreading”: Economist Says Canadian Housing In For A Slow Spring

Real Estate News

“Worst-Off Borrowers” Could See Mortgage Payments Spike Upwards Of 70%

While some borrowers will look to extend the amortizations of their mortgages, others will opt to make lump-sum payments — however, both options “come with their own costs,” an expert says.

‘Finned’ Design Of Proposed Annex Condo Strays From The Status Quo

Architect Gabriel Fain tells STOREYS that the proposed development “preserves a historic building on the site and projects a new vision of dense housing in the city.”

Bosa Properties Guaranteeing Rental Revenue To Solhouse 6035 Buyers

Bosa's Rental Revenue Program guarantees a set amount of rental income depending on unit sizes, with Bosa paying the difference if the rental income they receive is lower than what's guaranteed.

Almost 50% Of Ontarians Rethinking Plans To Move, Buy As Rates Stay High

Millennials and baby boomers are in a particularly “tough position,” a new report shows.

$6.9M Modern Farmhouse Sits On 12 Acres In The Heart Of Aurora

Beyond a sprawling, private lot, the property touts a stunning modern farmhouse with all the trappings of luxury.

Kelowna's Short-Term Rentals Stall Amid New Government Measures

Because the Okanagan is a vacation destination, it drew a lot of investors who could more than cover their mortgage and tax costs by booking short-term rental guests. Now, many are having to sell.

New Developer REACH Reveals First-Ever Project: 46 Storeys In Scarborough

REACH Developments, founded earlier this year, has submitted plans to the City of Toronto to build a 46-storey condo tower on Sheppard Avenue East, just a stone's throw away from the newly improved Agincourt GO station.

Peterson Moving Forward With 29-Storey Tower, 15-Storey Hotel On Cambie

Peterson Group was originally co-developing the project with Coromandel Properties, but is now proceeding without them.

Moving Science Centre To Ontario Place Would Save $257M, Ford Gov Says

Keeping the Science Centre where it is would cost $1.3B over the next 50 years, the Province says, whereas moving it to Ontario Place would cost $1.05B over the same time period.

A Chill Has Come Over Canada's Ski Property Market

Across Canada, the majority of winter recreational regions recorded double-digit declines in the number of homes sold during the first 10 months of 2023, according to a new report from Royal LePage.

CREA Names Janice Myers As New CEO

Myers, the current CEO at the Ottawa Real Estate Board, brings with her more than 20 years of real estate leadership experience. She will replace interim CEO Debra Cowan.

“Weakness Is Spreading”: Economist Says Canadian Housing In For A Slow Spring

A new report looks ahead at Canadian housing in 2024, and forecasts softer sales and prices across all major markets, as well as a drop-off in homebuilding activity.

Interest Rates, Affordability To Keep Canada's Housing Markets Quiet In 2024

But a flurry of springtime activity is not off the table, RE/MAX President Christopher Alexander told STOREYS.

BC Gov Announces Transit-Oriented Development Project In Port Moody

The project was originally proposed in July 2020 as part of a proposal forwarded by the Moody Centre TOD Master Planning Group, a group of several developers and owners.

2023 © STOREYS Publishing Inc. | All Rights Reserved

Real Estate News

While some borrowers will look to extend the amortizations of their mortgages, others will opt to make lump-sum payments — however, both options “come with their own costs,” an expert says.

Architect Gabriel Fain tells STOREYS that the proposed development “preserves a historic building on the site and projects a new vision of dense housing in the city.”

Bosa's Rental Revenue Program guarantees a set amount of rental income depending on unit sizes, with Bosa paying the difference if the rental income they receive is lower than what's guaranteed.

Millennials and baby boomers are in a particularly “tough position,” a new report shows.

Beyond a sprawling, private lot, the property touts a stunning modern farmhouse with all the trappings of luxury.

Because the Okanagan is a vacation destination, it drew a lot of investors who could more than cover their mortgage and tax costs by booking short-term rental guests. Now, many are having to sell.

REACH Developments, founded earlier this year, has submitted plans to the City of Toronto to build a 46-storey condo tower on Sheppard Avenue East, just a stone's throw away from the newly improved Agincourt GO station.

​Peterson Group was originally co-developing the project with Coromandel Properties, but is now proceeding without them.

Keeping the Science Centre where it is would cost $1.3B over the next 50 years, the Province says, whereas moving it to Ontario Place would cost $1.05B over the same time period.

Across Canada, the majority of winter recreational regions recorded double-digit declines in the number of homes sold during the first 10 months of 2023, according to a new report from Royal LePage.

Myers, the current CEO at the Ottawa Real Estate Board, brings with her more than 20 years of real estate leadership experience. She will replace interim CEO Debra Cowan.

A new report looks ahead at Canadian housing in 2024, and forecasts softer sales and prices across all major markets, as well as a drop-off in homebuilding activity.

But a flurry of springtime activity is not off the table, RE/MAX President Christopher Alexander told STOREYS.

​The project was originally proposed in July 2020 as part of a proposal forwarded by the Moody Centre TOD Master Planning Group, a group of several developers and owners.

2023 © STOREYS Publishing Inc. | All Rights Reserved

Peterson Group was originally co-developing the project with Coromandel Properties, but is now proceeding without them.

The project was originally proposed in July 2020 as part of a proposal forwarded by the Moody Centre TOD Master Planning Group, a group of several developers and owners.