Author: homegoal.ca

QUICK HITS   A Toronto buyer backed out of a real estate deal in Ontario after the keys weren’t delivered to his lawyer on closing day.  The dispute led to five years of litigation, despite the court finding that the issue could have been easily resolved.  Ultimately, the judge ruled the buyer was wrong to walk away—but also determined the seller had no right to keep most of the funds, having resold the property at a profit.   Courts generally expect parties to a real estate transaction to work together to ensure that it is completed as scheduled. While some…

The first quarter of 2025 saw Greater Victoria’s residential real estate market regain momentum. While single‑family homes continued to command premium values, condominiums emerged as the fastest‑growing segment by sales volume, and townhouses displayed signs of stabilization after a period of price softness. Pricing Price trends in Q1 2025 varied significantly by housing type. The median sale price for single‑family homes rose 6% year‑over‑year to $1,199,900, suggesting sustained demand for detached properties despite elevated price levels. By comparison, condominium prices increased by 2.8% to a median of $560,000. Townhouses and row units bucked the upward trend, with median prices dipping 0.8%…

Tucked into one of Calgary’s most charming enclaves, a newly listed Scarboro residence delivers a fusion of timeless craftsmanship and bold design.Situated directly across from a neighbourhood park and mere minutes from downtown, 348 Superior Avenue SW is a masterclass in contrast: the home marries industrial flair with refined elegance, while offering both intimacy and grandeur in equal measure. On arrival, a set of double arched wooden doors opens to a foyer that sets the tone: dramatic millwork, a sculptural staircase, and a chandelier that seems destined to oversee grand entrances. The main level unfolds into an expansive living room…

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Income Inequality Hits A High, Economic Mobility Disappears Canadian households are seeing the gap between the rich and poor widening very fast. The gap between the top and bottom 40% of households, known as the income gap, has expanded to the widest point on record. As it widens, inequality widens and class mobility also becomes more difficult. When these pressures combine they turn into a major liability for the whole country, as the lack of reward for hard work and productivity becomes discouraging to households.  Continue…

You’ve signed the papers, received the keys, and officially become a homeowner—congrats! Now that the excitement has settled a bit, it’s time to get familiar with one of the essential (and ongoing) parts of homeownership: property taxes. If you’re wondering when property taxes are due or how to even begin understanding them, you’re in the right place. While the term might sound intimidating, managing property taxes is simpler than it seems once you know the basics. Jump Ahead What Are Property Taxes and Why Do They Matter? Property taxes are local taxes that homeowners pay based on the value of…

In late-March, commercial real estate services company Altus Group (TSX: AIF) published their annual Canadian Cost Guide looking at construction costs across the country. This year’s report was based on proprietary cost data from over 6,200 projects — residential, commercial, and infrastructure — and the costs are broken down by both location and asset type. The guide factors in only hard construction costs, which means costs associated with site servicing, consultants, and development charges are not included.The costs outlined in the guide are a reflection of a moment in time that can serve as a benchmark, rather than a forecast,…

Unfortunately for Canadians, it’s now accepted practice for parties to publish their full costed platforms after advance voting has already begun. Mark Carney of the Liberal Party of Canada (LPC), Pierre Poilievre of the Conservative Party of Canada (CPC), Jagmeet Singh of the New Democratic Party (NDP), and Yves-François Blanchet of Bloc Québécois (BQ) participated in leaders’ debates on April 16 and April 17, ahead of advance voting on April 18, 19, 20, and 21. Bloc Québécois released their costed platform on April 18, while the NDP and Liberals published their costed platforms on April 19. As of publishing, the…

Already holding hundreds of millions of dollars in mortgages that are currently tied up in insolvency proceedings, Toronto-based private equity real estate investment firm KingSett Capital recently initiated two more receivership proceedings in British Columbia, adding to an already-extensive list.According to filings in the Supreme Court of British Columbia obtained by STOREYS, both receivership applications were filed on April 4. One is against the owner of 12090 104 Avenue in the Scott Road corridor of Surrey, while the other is against the owner of 15 W Cordova Street in the Gastown neighbourhood of Vancouver.12090 104 AvenueLocated at 12090 104 Avenue…

Ladysmith is a beautiful coastal town on the eastern shores of Vancouver Island, known for its charm, natural scenery, and peaceful atmosphere. Surrounded by hills and overlooking Ladysmith Harbour, it offers a quiet and refined lifestyle that appeals to those looking for luxury homes in a more relaxed setting.The latest 2021 census reports that Ladysmith has a population of approximately 9,000. Where is Ladysmith, British Columbia? Set along the east coast of Vancouver Island, Ladysmith offers a stunning mix of ocean views and forested hills—ideal for those craving a slower, scenic lifestyle. Just 88 km north of Victoria and 23…

After six years in the role, Don Kottick has resigned as President and CEO of Sotheby’s International Realty Canada, effective April 23.An internal memo shared with STOREYS says that Sotheby’s International Realty Canada will be managed by an “interim leadership team” consisting of Evan Shandler — who is currently Vice-President Operations Sotheby’s International Realty Canada and be promoted to the new role of Chief Operating Officer — Elaine Hung — who will remain the Chief Marketing Officer — and Effi Barak — who is a Peerage Realty Partners consultant and will serve as interim President.For his part, Barak was recently…