Industry

​A rendering of The Willoughby by Quarry Rock Developments in Langley, British Columbia.
Industry

Quarry Rock Developments In BC Subject Of 9 Receiverships, Foreclosures

Projects by Quarry Rock Developments that are currently under receivership or foreclosure include The Willoughby, The Met, The Gordon, and The Graham.

Industry

Bankrupt Cambridge Homebuilder Denied Licence Renewal

An investigation has found that Hira Custom Homes had previously “attempted to sell homes that were already under an Agreement of Purchase and Sale, unjustifiably increased prices, did not comply with conditions on its licence, and provided false information to both purchasers and the HCRA.”

Industry

St. Catharines Developer Slammed With 26 Charges For Illegally Selling Homes

The HCRA has revealed that Christopher Lamb and his former company Novel Condominiums “have been found guilty of 26 charges of selling new homes illegally,” and as a result, have been hit with a $150,000 fine.

Industry

Nexii Building Solutions, Under Creditor Protection, Sells Subsidiaries For $3M

After previously reaching "unicorn" status with a $1B valuation and hitting $2B, BC-based green construction company Nexii Building Solutions filed for creditor protection in January.

Industry

Foreclosed Coromandel Properties Site In Cambie Corridor Sold For $11.2M

​The foreclosed site that was formerly owned by Coromandel Properties consists of 5188 and 5210 Ash Street in the Cambie Corridor of Vancouver, near Queen Elizabeth Park.

British Columbia / Alberta

The Buzz Conference ‘ROCK'N REAL ESTATE 2024’ Hits Calgary In May

The country’s premier real estate conference is set to land in Calgary on May 2, and the event is shaping up to be a who’s who of Alberta real estate’s most influential leaders, thinkers, and innovators.

Policy

CREA’s New ‘Duty Of Cooperation’ Policy Raises Questions Over Enforcement, Penalties

“I feel like we're kind of in a period of growing pains where I'm still seeing a lot of people violating the policy because it's so unclear what the actual punishment will be.”

Industry

GWL Realty Advisors Buys Foreclosed 28-Storey Tower Site In Vancouver For $58M

​The 1555 Robson Street property, which was previously owned by Align Properties, was put up for sale in February.

Industry

‘Luxe Listings’ Star Brett Starke Wants To Put Toronto’s Luxury Market On The Map

“There is a level of sophistication and elegance here that is truly world class,” says luxury broker Brett Starke. “Being Canadian, we don't feel the need to flaunt it or showcase it often, which may lead people to believe that it doesn't exist here — but it does, and it does at an amazing and beautiful scale.”

Industry

Under Receivership, Vandyk’s Grand Central Mimico Hits The Market

Jones Lang LaSalle Real Estate Services is also handling the sale of Vandyk’s King's Mill site at 15 Neighbourhood Lane, which hit the market last week.

Industry

Shoot Hoops For A Cause At This Real Estate Industry Charity Event

Ballin' Out For Charity will see professionals from all across the industry — construction companies to brokerages to developers — come together for a one-day, three-on-three basketball tournament.

Industry

Now's The Time To Secure Your Spot At TRREB REALTOR® QUEST 2024

Spring has officially arrived in Toronto, which means TRREB REALTOR® QUEST 2024 is just around the corner.