Author: homegoal.ca
QUICK HITS In Dawood v. Popes Property Holdings Inc., the Ontario Superior Court held that an individual behind a corporation could not be held personally liable for a failed real estate transaction once the corporation had properly adopted the agreement under section 21 of the Business Corporations Act. The court found no basis to pierce the corporate veil, as there was no evidence of fraud or improper conduct, even though the individual signed documents and paid a deposit before incorporation. As a result, liability rested solely with the corporation, and the plaintiff’s claim against the individual was dismissed. …
Rental properties need to strike the perfect balance when decorating or renovating. They must blend modern design innovations with enduring aesthetics to avoid succumbing to fleeting trends. Landlords can attract tenants by implementing thoughtful, cost‐effective updates that ensure their properties remain contemporary without risking a dated look in just a few years. The goal is to create a welcoming environment where modern upgrades complement a classic, neutral canvas, ensuring broad appeal for any tenant profile.Warm NeutralsOne of the most significant trends this year is a shift toward warm contemporary neutrals. Rather than relying solely on stark white or cool grays, today’s…
More than seven years after the City of Vancouver approved the removal of the circular ramps connecting Pacific Street to the Granville Bridge and making way for a significant amount of new housing development, the City is now finally advancing the development of the first of four parcels. The City submitted a rezoning application for the overall Granville Loops site — 625-777 Pacific Street — in January 2021, with a proposal for two 40-storey towers, two 27-storey towers, and two 12-storey towers across four sub-areas. The four sub-areas make up half of the Granville Loops Policy Plan area bounded by…
Canada is seeing weak home sales, slowing population growth, and economic uncertainty. It’s the perfect recipe for… higher rental prices? A new report shows that rental prices made a sharp jump in March, amplifying already accelerated growth in small cities and traditionally cheaper purpose-built rentals. It’s a little weird to see Toronto and Halifax rental prices now within spitting distance of each other, but it resembles a concept called bubble contagion that impacted home prices a few years ago. Poor policy decisions didn’t just prevent the contagion from fully correcting, but extended the market inefficiencies to rental prices. Canadian Rental…
While cities across Canada struggle to find momentum in what is typically the industry’s busiest season, Edmonton stands out as an exception, positioned for a typical—and notably strong—spring market. According to industry experts, the city’s affordability, combined with strong demand and limited inventory, has helped keep the market resilient even amid global trade tensions. Edmonton remains ‘hottest’ market in Canada “Edmonton is still the hottest real estate market in Canada right now,” says Robert Hogue, assistant chief economist at RBC. “Inventory is getting tighter, and prices are rising in the 10 to 12 per cent range year-over-year.” Local…
Recent data on housing construction reveals several trends that could impact real estate market dynamics. Overall housing construction is slowing, as indicated by year-over-year declines in both general and condo starts, but rental-focused projects are surging, now making up a record share of new unit starts.Nationally, housing starts slipped 4.3% month-over-month in January, reaching an annualized figure of 229,000. On a year-over-year basis, however, the drop was more noticeable, as total housing starts fell by 19.2%, with condos experiencing an even more dramatic decline of 52.7%, which was the lowest level of condo starts for any 12-month period since 2011,…
As we review the first quarter of 2025, I find myself at a loss for words over how bad Canada’s new home market has gotten.In this month’s article, I thought I would share a few data points to confirm this reality, and then spend some time unpacking what’s next. As we are now going into our fourth year (and, arguably, our worst year yet) of this downturn, I believe there are major forces at play which are entrenching things, and which will require structural changes to overcome. This means any near- or far-term turnaround will look much different than the…
North Carolina’s coastline is renowned for being home to some of the best beach towns, offering retirees a perfect mix of natural beauty, charming towns, and a relaxed lifestyle. From serene barrier islands to lively waterfront communities, the best beach towns in North Carolina combine great weather, a low cost of living, and plenty of amenities for those ready to trade in their office desk for a beach chair. Jump Ahead Nestled along the southeastern coast of North Carolina, Wilmington offers the perfect blend of city convenience and beachside relaxation, making it an ideal spot for retirees. As a vibrant, historic…
QUICK HITS The Ontario Court of Appeal overturned a decision ruling that buyers who submitted timely requisitions to remove oil and gas leases from title had a valid basis to refuse closing. The motion judge had held that only requisitions going to the “root of title” could justify backing out, but the appeal court found this was an error in law. In a real estate transaction, the agreement of purchase and sale will include a deadline by which a buyer may submit requisitions for issues that they want the seller to address prior to closing. Typical requisitions pertain…
The rapid pace of technological innovation is reshaping the real estate and mortgage industries at a remarkable speed. The way we buy, sell, and finance property is transforming. Thanks to digital tools and new technologies, both the real estate and mortgage sectors are set to become faster, more efficient, and more personalized. Gone are the days when property transactions were bogged down by endless paperwork and slow, manual processes. Today, digital platforms are not only making it possible to search for and list properties online—they are also transforming how mortgage applications are processed.Trends to WatchIn the near future, expect even more…