Real Estate News
Real Estate News
BCREA Advocating For Pre-Offer Period To Replace Rescission Period
The pre-offer period BCREA is pushing for would allow buyers to do due diligence before making an offer, rather than after an offer has been accepted.
Mar 28, 2024
Development Projects
City Proposing Four-Tower Rental Community At Bloor-Islington ‘Housing Now’ Site
Pending zoning permissions, the site would accommodate a multi-tower rental and condo development with over 1,400 residential units.
Industry
BC Gov Bought Foreclosed Coromandel Properties Site In Vancouver For $22.5M
The 3805-3919 Nanaimo Street site was formerly owned by Coromandel Properties before being foreclosed and sold to the BC Transportation Financing Authority.
Development Projects
Wesgroup's River District Area 3 To Include 17 Buildings Up To 25 Storeys
The River District in Vancouver by Wesgroup Properties is unfolding across 130 acres, with the first two areas of the master plan largely complete or well underway.
Lush Two-Parcel Land Listing Hits Market In Honey Harbour
Comprised of two parcels of land, 6 Island 626 / Wildgoose Island #Pt 1&2 sits pretty, surrounded by Georgian Bay, waiting to make your summertime dreams come true.
Policy
Canada To Get First Nation-Wide Renters' Bill Of Rights: Feds
The bill of rights, to be developed and implemented in partnership with provinces and territories, would require landlords to disclose an apartment's pricing history "so renters can bargain fairly."
Policy
Ontario’s 2024 Budget Lacking A “Central Focus” On Housing, Experts Say
“It would have been great to see more money directly targeting the development of homes at various price points for Ontarians,” Royal LePage’s Karen Yolevski tells STOREYS. “It also would have been wonderful to see more investment in the missing middle.”
Homes
How House Flipping Activity Has Trended In Canadian Cities Over The Past Decade
Flipping homes for a quick profit has become a hot topic in provinces such as BC, but flipping is trending down in BC, while it's spiking in Alberta.
Policy
Ontario Budget Hints At More Vacant Home Taxes, Attainable Housing
Without too many details provided, the Province said it is developing an "attainable housing program" to help make homeownership a reality for more Ontario families through the use of modular construction.
Development Projects
Wesgroup's 35 And 38-Storey Reign Towers In Burnaby Receive Final Approval
Wesgroup Properties received conditional approval for Reign last year and launched presales on one of the towers last year.
Construction
Anthem, Polygon, And Canderel Voice "Deep Concern" Over Burnaby's New ACCs
The City of Burnaby nonetheless granted conditional approval to the new ACCs and updated DCCs on Monday.
Industry
Toronto Rental Project Compromised As Receivership Granted Over $25M Debt
And another one bites the dust: the Ontario courts have issued a formal receivership order over 40 Moccasin Trail and 50 Greenbelt Drive, which is the site of a proposed purpose-built rental development from Hampton Metrics.
Development Projects
Picturesque Ontario Ski Resort Adding Year-Round Master-Planned Community
“The idea is for Calabogie Peaks to evolve into an authentic little Ontario town,” says Paul Murphy of his sprawling ski resort property in eastern Ontario.
Construction
Port Moody Revamps Advisory Design Panel Process, Rendering Wesgroup Request Moot
The decision by the City of Port Moody to scrap the old Advisory Design Panel came just as Wesgroup Properties requested a waiver from the process.
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