Author: homegoal.ca
The 1289 Nicola project by Vancouver-based real estate developer Dimex Group has been listed for sale, after facing both foreclosure and receivership proceedings, according to court filings in the Supreme Court of British Columbia. The project was, not surprisingly, set for 1289 Nicola Street in the West End of Vancouver, two blocks away from Sunset Beach and English Bay.For the site, Dimex Group — founded by Sunny Dhillon in 2007 — was developing a six-storey concrete passive house building with 10 strata units and three rental units, according to a development permit application. The project website, which says 1289 Nicola…
Every day, packages are being delivered to homes across the globe, thanks to the growing trend of online shopping. As more people turn to e-commerce for convenience, companies are working tirelessly to fulfill orders and meet tight deadlines. This means hardworking delivery drivers are constantly on the move, navigating busy roads and dropping off packages at homes. With such demanding schedules, these drivers often don’t have the chance to take a proper break. Recently, a heartwarming trend has emerged on social media where people set up drink stations on their porches to offer a refreshing beverage to these drivers. If…
I completely disagree with that premise. Kelley and I even sat down for an hour-long video to hash it out. As with most debates like this, we actually agree on the core idea, but not on the surrounding details. The main argument in his article—which you can read here—is that video is the future and far more engaging than the written word. Let’s break that down. Video is great—but overrated Video is an incredible tool. I use it all the time. But it’s also incredibly overrated by many. When I got into the industry in 2013, I listened…
A Staff Analytical Note on Monetary Policy, Interest Rates and the Canadian Dollar, which was released this February by the Bank of Canada, examined recent monetary developments and their effects on the Canadian dollar. According to this note, recent divergent monetary policies, with U.S. rates remaining high while Canadian rates drop, have contributed to the depreciation of the Canadian dollar, partly due to an added risk premium amid global uncertainty. However, while these short-term factors are influential, the currency’s long-term value will ultimately be determined by slower-moving fundamentals such as productivity, economic structure, fiscal policies, and long-run inflation trends. Diverging…
Last week, the City of Vancouver officially announced the launch of its new strategy to deliver market rental housing on City-owned land, which will be guided in large part by the Vancouver Housing Development Office (VHDO). The intent of the strategy is to “generate financial returns and non-tax revenues to address the growing infrastructure deficit and Council priorities,” the City said, through housing development on City-owned real estate. “The launch of the VHDO is a big step forward in making sure we have the right homes for the people who need them,” said Mayor Ken Sim. “By putting our real…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Toronto’s Unemployed Population Hits 357k, Nearly 1 In 11 Workers Canada’s largest city is experiencing a surprising employment downturn. Toronto CMA added tens of thousands of jobs in January but added far more workers—a trend that’s been consistent for a few years now. Stat Can data shows the region’s unemployed population reached a whopping 357k people in January. It was a big jump, helping to push the unemployment rate (8.7%) much higher than the national average (6.2%). Is the region just ahead of the rest of the…
Renting has become a popular and flexible housing option for many, whether you’re temporarily residing in a new city, saving up to buy a home, or simply seeking a more manageable living situation. It offers convenience, flexibility, and less commitment compared to homeownership. However, despite its many benefits, renting does come with challenges. Even experienced renters can fall into costly traps. Here are some of the most expensive errors renters make, along with tips on how to steer clear of them. Not Reading Lease Agreements Carefully When renting a home, one of the most crucial yet often overlooked steps is…
The City of Edmonton is investing up to $20 million in grants to support affordable housing development in 2025, marking the seventh round of funding through its Affordable Housing Investment Program. This initiative aims to accelerate the creation and preservation of affordable homes by providing financial support to non-profit and private-sector developers. Since 2019, the Affordable Housing Investment Program has offered financial assistance for both new developments and the rehabilitation of existing units, with an investment of $254 million to date by the City of Edmonton. The program’s latest round of funding is now open to eligible developers, with applications…
For years now, real estate lawyer Mark Morris has been sounding the alarm on blanket appraisals, a financing arrangement where the bank assumes the original purchase price of a new build rather than the true appraisal value. It’s not an unattractive proposition at first blush, particularly when you think about the state of the new condo segment in the Greater Toronto Area, for example, where valuations have aggressively downtrended.“It happened frequently, particularly several years ago,” says Morris, who’s with LegalClosing.ca. “I’ve seen it less now, but it still does happen.” In fact, The Globe and Mailreported earlier this week that…
Montessori schools help children reach their full potential by encouraging them to learn and explore at their own pace alongside peers of various ages. This child-centered approach nurtures independence, creativity, and a love for learning. While many parents are familiar with Montessori classrooms, creating a similar environment at home is entirely achievable with a thoughtful design. The growing trend of Montessori-inspired playrooms stems from a desire to give children spaces that foster self-directed learning and development. Whether you’re just getting started or looking to refine an existing playroom, these tips will guide you in creating a nurturing environment where your…