Real Estate News

BCREA Advocating For Pre-Offer Period To Replace Rescission Period
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.

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.

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.

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.