Author: homegoal.ca

Vancouver-based real estate developer Landmark Premiere Properties is the subject of a second insolvency proceeding that was initiated earlier this month, according to filings in the Supreme Court of British Columbia obtained by STOREYS. The subject properties are 745 W 41st Avenue, 715 W 41st Avenue, and 5693 Heather Street in Vancouver. The parcels are three of the five parcels that make up the block between Baillie Street and Heather Street along W 41st Avenue, right across the street from Oakridge Park. Notably, the three parcels are separated by two other parcels — 733 and 725 W 41st Avenue —…

Most agents focus on sales. The leaders focus on building wealth. Join us for a free live webinar where Christopher Alexander, Tanya Eklund and Faisal Susiwala share how they built lasting success in real estate. From career-shaping decisions to smart investment moves, they will walk you through what it really took for them to move beyond commissions and create long-term opportunities. This is not a highlight reel. It is a real-world conversation with three of the industry’s top leaders about the lessons they learned, the opportunities they found, and the challenges they faced along the way. In this session, you…

Toronto’s Vacant Home Tax is in effect for its third year, and the deadline for homeowners to declare their property’s occupancy status is just around the corner. Homes that are unoccupied for more than six months out of the calendar year are considered vacant and will be taxed 3% of a property’s Current Value Assessment.Per the City of Toronto’s parameters, homeowners have until tomorrow — Wednesday, April 30, 2025, at midnight — to declare the 2024 occupancy status of their residential property, and are encouraged to submit their declaration through the City’s online portal.After last year’s fiasco, where over 160,000…

Canada’s business community is bracing itself for a downturn in the near future. The Bank of Canada (BoC) released the results of its Market Participant Survey (MPS) for Q1 2025. The survey, a poll of financial market experts, shows expectations for GDP growth have fallen, while the probability of a recession has climbed sharply. The central bank is expected to slash rates further this year, but the era of low rates is over. Even after cuts, the outlook still sees the overnight rate above anything seen throughout the 2010s.   Canadian GDP Growth Forecasts Slashed Significantly For 2025 Canada’s business community…

For those born in the 1990s (a generation that graduated into the 2008 economic recession and hit 30 during the COVID-19 pandemic) the road to homeownership has been anything but smooth. Yet one significant advantage separated some from the pack: whether or not their parents owned property As reported in a Statistics Canada study titled Housing Statistics in Canada: Parents and Children in the Canadian Housing Market, adults born in the 1990s whose parents were homeowners were twice as likely to own a home in 2021 compared to those whose parents were not. If their parents owned multiple properties, the…

At Royal LePage, we understand that a house is only a home when the people living there feel safe. That’s why, more than 25 years ago, we united around a shared purpose: to help women and children safely escape intimate partner violence and rebuild their lives after experiencing abuse. Through the Royal LePage® Shelter Foundation™, we’ve granted millions of dollars to women’s shelters and transition houses in communities across Canada. We also support organizations focused on preventing intimate partner violence and responding to emerging needs in the Violence Against Women sector. This series highlights the real-world impact of your donations…

Stock photo (Canva)   QUICK HITS A buyer agreed to purchase a marina property but refused to close when a condominium neighbour registered a notice claiming parking rights, creating a title defect.  The Ontario Superior Court found the seller was not responsible for the issue, as the buyer’s own actions escalated the dispute, and the seller had properly invoked an annulment clause allowing termination. As a result, the buyer’s lawsuit for specific performance failed, and the court awarded only the return of the buyer’s deposit.   An agreement of purchase and sale (APS) for a real estate transaction may contain…

At Toronto City Council last week, plans for a skyline-changing development from Oxford Properties were approved just over four months after revised plans were submitted in December 2024. The four-building, mixed-use project slated for the Financial District represents one of the largest proposed developments in Canada at over 3.1 million sq. ft and with heights ranging from 50 to 71 storeys. All told, Oxford Properties plans to deliver three residential buildings (50, 50, and 71 storeys) and one office building (60 storeys) containing 1,793 purpose-built rental units, 1,492,685 sq. ft of office space, and 47,113 sq. ft of retail space.…

Today’s election day in Canada, and this time tomorrow the country will be bracing itself for one of two plans. There’s no shortage of partisans willing to discuss the positives of each plan, so we thought we’d do something different—discuss the risks of each plan. Let’s talk about comically unrealistic (and reckless) housing targets, and party promises that sound great—but hide predatory details that will cost you more.  Canada’s Next Prime Minister Has Unrealistic Housing Targets… Regardless of Who’s Elected First off, we’re only going to focus on the two parties that can possibly capture the top spot in the…

York Regional Police have charged a Toronto real estate lawyer with fraud and are appealing for other potential victims to come forward. Investigators with the financial crimes unit say 81-year-old Ping-Teng Tan failed to return over $500,000 to his client, the victim, following a business transaction in December 2023.  Ping-Teng Tan, of Toronto, has been charged with Fraud Over $5,000 and Possession of Property Obtained by Crime Over $5,000. Investigators are releasing Tan’s photograph as they believe there may be additional victims due to his position as a real estate lawyer. Anyone with further information is asked to contact police.…