Author: homegoal.ca
In the late-afternoon on Monday, Toronto-based Primaris REIT (PMZ.UB) announced that it had acquired Lime Ridge Mall in Hamilton, Ontario from “an entity managed by Cadillac Fairview” — the real estate subsidiary of the Ontario Teachers’ Pension Plan — in what will likely be one of the largest commercial real estate transactions of the year. In a press release, the REIT said it was acquiring a 100% ownership interest in Lime Ridge Mall for $416.0 million. The price is comprised of $235.0 million in cash, $100.0 million of 6.00% exchangeable preferred units, and $81.0 million of series A units of…
Canadian real estate’s ice cold summer continued last month. Canadian Real Estate Association (CREA) data shows the price of a typical home (composite benchmark) fell for a sixth consecutive month in May. Weak sales, rising inventory, and economic jitters helped to push prices to the lowest level in 4 years. Canadian Real Estate Prices Fall To A 4-Year Low The seasonally adjusted price of a benchmark (typical) home across Canada. Source: CREA; Better Dwelling. Canadian real estate prices continued to slide lower. The seasonally adjusted benchmark home fell 0.2% (-$1,500) to $690,900 in May. A typical home across the country…
Canada’s housing market began showing signs of recovery in May 2025, following several months of slower activity and falling prices. According to the Canadian Real Estate Association (CREA), 49,423 homes were sold across the country in May. While this represents a 4.3% decline from the 51,642 sales in May 2024, it marks a notable 11.6% increase from April 2025, when 44,300 homes were sold. This month-over-month gain points to renewed momentum in the market. CREA also reported that seasonally adjusted home sales rose by 3.6% from April to May, the first monthly increase since November 2024. New listings increased by…
After months of slower activity, the Canadian real estate market is showing signs of life. According to the latest report from the Canadian Real Estate Association (CREA), May 2025 brought a noticeable uptick in sales activity, fueled by momentum in several major cities. Sales activity picks up For the first time since November 2024, home sales are rising. Nationally, activity rose by 3.6% from April to May 2025. The biggest boosts came from the Greater Toronto Area, Calgary and Ottawa, which helped drive the national numbers upward. “May 2025 not only saw home sales move higher at the national level…
While marketing a property is often about staging, lighting and showcasing its best features, Realtors like Darcy Schlechtleitner might prioritize differently, especially when unique opportunities knock. She listed a three-bedroom condominium directly across from Insite, a safe injection site in Vancouver’s Downtown Eastside, by choosing a strategy of complete transparency. A view of the mountains—and the safe injection site Instead of cropping out the street encampments or glossing over gritty realities outside the building, Schlechtleitner did the opposite. Her listing video opened with graffiti, people on the street and blunt narration. “If you’re looking for a really good…
As the real estate market continues its downward turn, local governments across Metro Vancouver (and beyond) have shown a strong willingness to tweak their policies in an effort to provide some relief to homebuilders and to get shovels in the ground. The latest municipality to do so is the City of Vancouver. “Development viability is under increasing strain due to a wide range of factors, such as construction cost escalation, impending tariff implications, an elevated interest rate environment, and recent changes to immigration policy, all of which have created greater uncertainty and dampened consumer and investor confidence,” said the City…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Ontario Unemployment Hits Recession Levels, Driven By Excess Labour: BMO Ontario’s unemployment rate hit 7.9% in May, nearly a point above the national average—a rare level outside of a recession. What’s unusual is the province hasn’t been losing jobs; it’s been adding them at a brisk pace, just not fast enough to keep up with its surging population growth. With job creation now slowing, this presents a serious challenge for the province in the months ahead. Continue Reading… Canadian Households Back To Racking Up Debt Faster Than…
Struggling to find the perfect cozy cottage? If nothing’s clicking stateside, why not look just across the border? There are plenty of unique Canadian cottages for sale, and many are just a short drive away. From lakes to coastal hideaways, these Canadian destinations feature some of the most breathtaking cottages and cabins for sale. Here are five top Canadian regions within easy reach of American buyers. Ontario’s Thousand Islands & Eastern Ontario Distance to U.S.: Near New York State border (via Kingston or Gananoque) Located along the St. Lawrence River, the Thousand Islands and Eastern Ontario region is rich in…
Build upwards not outwards has become the mandate of urban centres around the world, Toronto included. Population growth, increased housing demand, skyrocketing land values, and the perils of urban sprawl have necessitated increased density, and meanwhile, we’ve seen the emergence of innovative engineering as buildings stretched higher and higher into the clouds.This combination of necessity and technology have led developers and architects to turn to more extreme heights in the form of aptly-named ‘supertalls,’ which, according to the Council on Tall Buildings and Urban Habitat (CTBUH), are buildings with heights of 300 metres (984 feet) or more.Supertalls have been around…
Five consecutive quarters of relief. The lightest mortgage burden in three years. Scan the headlines and you might believe Canada’s housing crisis is finally turning a corner.It isn’t.What we’re seeing is less of a comeback and more of a comedown, a gentle easing after years of punishing highs. According to the Q1 2025 Housing Affordability Monitor by the National Bank of Canada, the national MPPI, or mortgage payment as a percentage of income, now sits at 55.4 percent, a level not seen since early 2022. On paper, that looks like progress.But real affordability isn’t captured in data points. It is…