Condos

GTA New Home Sales At 40-Year Low In December, Capping Off "Worst Year Since 1990"
Real Estate News

GTA New Home Sales At 40-Year Low In December, Capping Off "Worst Year Since 1990"

“We are literally watching the foundation of the next housing crisis being laid today," said BILD's Justin Sherwood. "December’s new home sales and the low new home sales seen throughout 2024 in the GTA illustrate the problem the region is facing adding new housing supply."

Real Estate News

Challenges Linger, 125 Presale Launches Projected For Metro Van In 2025

​MLA Canada is projecting 125 presale launches in Metro Vancouver in 2025, a minor increase from 2024.

Development Projects

Four 23-Storey Towers Proposed For Etobicoke West Mall

An ambitious four-tower condo development, 23 storeys each, has been proposed by Fana Group of Companies that would deliver over 1,000 residential units to the Etobicoke West Mall neighbourhood.

Condos

Over 2,800 GTHA Condo Units Were Cancelled In 2024 — The Most In A Year Since 2020

“It’s difficult to put a number to it, but there are likely more cancellations coming in 2025,” Urbanation's Shaun Hildebrand tells STOREYS.

Development Projects

Concert Properties Proposes 32, 37, And 43 Storeys For Leaside

The proposal is the most recent in a string of proposals dating back to 2016, as the site's context has evolved during and in the years following COVID19.

Development Projects

Colourful New Development Proposed For The Humber Valley

The 43-storey residential development proposed by The Wilby Developments Inc. would naturalize 13,099 sq. ft of land and bring 407 residential units to North York's Weston neighbourhood.

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.

Development Projects

CURV Developer Sues Presale Purchaser Over Unpaid Deposits On 4 Units

Brivia Group also recently cut the social housing units at CURV and received approval to continue presales into May 2025.

Development Projects

3-Tower Development Proposed Next To Highway 427 In Etobicoke

The new mixed-use development from Broccolini would deliver seven stories of above-ground parking, 936 residential units, and community spaces.

Development Projects

Historic Industrial Building Redevelopment Proposed Near Bloor GO

The 27-, 24-, and 21-storey residential development from First Capital and Firm Capital would deliver 919 new dwelling units within steps of Bloor GO.

Real Estate News

GTA New Home Sales "Notably Low," Down 60% From Last October

"Housing starts are the housing supply of tomorrow and the longer that sales remain low the more it is anticipated that available housing supply in the 2027-2029 time period will suffer," says BILD.

Real Estate News

Canadian Home Sales Reach Highest Level Since April 2022

Though the Bank of Canada has delivered four interest rate cuts since June, including a healthy 50-bps cut in October, the growth in sales is being attributed to a jump in listings.

Development Projects

38-Storey Development Proposed Beside Weston GO Station

Plans for a new mixed-use development, dubbed "Hickory Tree Towers," have been proposed for Toronto's Humber Heights-Westmount neighbourhood, where it would rise 38 storeys and deliver 421 new dwelling units.