Real Estate News
Policy
Municipalities Must Monitor (And Tweak) Their Tenant Protection Policies
While Vancouver and Burnaby have created rigorous tenant protection policies, these approaches are new, and something of a housing experiment. As the redevelopments unfold, and tenants make use of their rights, the question of compliance will be put to the test, say experts.
Jul 19, 2024
Development Projects
Less Than A Year After Launch, Capital Developments’ Yorkville Flatiron Breaks Ground
“It's not just a big milestone for Capital Developments, I think it's also a really big milestone for the whole industry.”
Policy
How The City Of Calgary's New $60M Housing Capital Initiative Will Work
The Housing Capital Initiative is one of 98 actions the City of Calgary outlined in its Home Is Here housing strategy.
Policy
City of Vancouver Unveils First-Ever Seniors Housing Strategy, Rezoning Policy
The City says over 194,000 people in Vancouver are 55 years or older and that this number is expected to increase significantly over the next 20 years.
Award-Winning Lakeside Kelowna Mansion Hits Market For $15.9M
The beautiful home at 20-180 Sheerwater Court in Kelowna won the Home of the Year award at the 2023 Okanagan Housing Awards of Excellence.
Development Projects
DBS Developments Proposes 40-Storey Purpose-Built Rental Near Danforth And Main
A new 40-storey development proposed in early-March is moving forward with a Site Plan Approval for its East York development set to bring 546 new residential units to the neighbourhood.
Development Projects
Baz Group Adds 1,500 Units In Retirement And Residential Acquisitions
Under Baz Group, Spring Living Retirement and Community has acquired seven existing retirement residences, while Marlin Spring has picked up a to-be-developed site directly adjacent to Kipling GO Station in Etobicoke.
Development Projects
Crombie, Sobeys Join Forces For Six-Storey Beaches Development
The new build in the Beaches neighbourhood of Toronto would offer 60 new residential units and 1,140 sq. m of retail space.
Real Estate News
"A Record High": Nearly 26,000 New Condo Units Going Unsold In GTHA
“The continued weakening in condo market conditions during the second quarter of 2024 is likely to cause more projects that were slated to launch this year to remain on hold, while others that are struggling to meet sales thresholds for construction financing may ultimately be pulled from the market.”
Development Projects
Kelowna Approves 7-Tower, 1700-Unit Draft Redevelopment Plan
The project is planned for 1574 and 1634 Harvey Avenue, by Burtch Road, and Kelowna City Council recently approved the draft redevelopment plan.
Industry
Quarry Rock's The Willoughby In Langley Sold For $35M Through Receivership
The 20335A 70A Avenue property in Langley, where Quarry Rock Developments was planning an 87-unit townhouse project, was placed under receivership in November.
Development Projects
Cool, Calm, Connected: Upper East Village Brings Balance To Urban Living
The resonating theme in Leaside is balanced living. Think: an interconnected community that offers the best of urban, suburban, and small-town living.
Policy
Feds Push For Transit-Oriented Development With $30B Canada Public Transit Fund
The Canada Public Transit Fund will require transit-oriented development in exchange for funding, and the federal government says its the largest public transit investment in Canadian history,
Construction
Housing Starts Are Buckling Under Interest Rates — And Cuts Aren’t Going To Save Them Anytime Soon
We may have gotten some good news on the rate cut front with the latest inflation dip, but economists with CMHC have warned that a “partial rebound” in starts activity isn’t expected until 2025, or maybe even 2026.
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