Author: homegoal.ca
At Tuesday’s Toronto City Council meeting, councillors approved the Zoning By-law Amendment application for Block 1 of 50 Wilson Heights Boulevard — one portion of a larger City-led Housing Now initiative to deliver 1,484 new residential units, including 520 affordable rentals, to Wilson Avenue and Allen Road. Led by the City’s real estate agency, CreateTO, the eight-acre community aims to replace an underused surface-level TTC commuter parking lot with affordable, market rental, and ownership homes in close proximity to Wilson Station. The site sits to the north of Wilson Avenue between Allen Road and Wilson Heights Boulevard in Clanton Park,…
The City of Burnaby has received a rezoning application for a new high-rise tower, and it’s one that would take the title as the tallest tower in the Metrotown neighbourhood if approved and constructed. The proposal is being made by McCarthy Properties and is set for 6446 Nelson Avenue, 6450 Nelson Avenue, 4900 Kingsway, and a portion of 4940 Kingsway, which BC Assessment values at $5,335,000, $6,799,600, $12,598,000, and $122,505,000, for a total valuation of $147,237,600.Those properties make up the entire block bound by Kingsway on the north, Marlborough Avenue on the east, Bennett Street on the south, and Nelson…
designed by freepik Buying or selling a home in Canada is a big decision. Whether it’s your first time or you’ve done it before, it’s important to understand the legal rules. These rules are there to protect both buyers and sellers, making sure everything goes as planned. Let’s go over the main real estate laws in Canada you need to know. Key Real Estate Regulations in Canada Every Buyer Should Know If you’re planning to buy a home in Canada, there are a few legal requirements for property transactions in Canada that you should be aware of. Here are the…
I experienced something recently that made me rethink the future of our industry. I used an AI agent app to book a haircut, and while that might seem completely unrelated to selling homes, stay with me—because this technology is about to reshape how real estate agents work. Before we dive into the implications for Realtors, let’s break down what an AI agent actually is, because this is crucial to understanding the coming change in our industry. Siri “on steroids” An AI agent is essentially a digital assistant that can take real actions on your behalf—not just answer questions…
A 26-storey, mixed-use residential development has been proposed within a few hundred metres of both the Glencairn and Lawrence West subway stations that would deliver 329 dwelling units and a new public park. Plans were submitted by Vaughan-based developer Trinity Point Developments in early January and are currently under review. If approved, the development would replace six single-family homes at 726-736 Marlee Avenue — a residence type that currently the defines the area. As a part of their application, Trinity Point Developments is looking for an amendment of Official Plan and secure Zoning By-Law Amendment to permit the 26-storey building…
designed by freepik Are you planning to buy or sell property in Canada? It’s an exciting step, but there’s more to it than just choosing the right home or buyer. Knowing the legal requirements for property transactions in Canada is important. It helps you avoid mistakes and ensures everything goes smoothly. Don’t let complicated legal terms confuse you. You’ll learn the key legal requirements and important documents, and how to make your transaction easy and successful. Legal Requirements for Buying Property in Canada Are you looking for the legal requirements for buying property in Canada? When buying property in Canada,…
This marks the second consecutive 50-basis-point cut to the overnight rate this year In its last announcement of the year, the Bank of Canada made another supersized cut to its key lending rate. In its scheduled December 2024 release, the central bank announced that it had lowered the target for the overnight lending rate by 50 basis points to reach 3.25%. This marks the fifth consecutive cut to rates in 2024, and the second consecutive 50-basis-point cut. In October, Canada’s Consumer Price Index (CPI) increased 2.0% on a year-over-year basis, up from a 1.6% increase in September. Despite this increase,…
After being placed under receivership, the remaining units at the Highline Metrotown tower developed by Burnaby-based real estate developer Thind Properties are now set to undergo a court-ordered sales process, according to filings in the Supreme Court. Highline Metrotown sits at 6511 Sussex Avenue in Burnaby, directly adjacent to Metrotown Station and across the street from the Metropolis at Metrotown shopping centre. The 48-storey mixed-use tower was completed by Thind Properties in late-2023 and consists of 332 strata units. As first reported by STOREYS, the remaining units were placed under receivership in December alongside the Minoru Square project in Richmond…
designed by freepik Thinking of buying a property in Canada? Before you sign the papers, there’s one crucial step you shouldn’t skip: a property survey Canada. This simple process helps you know exactly what you’re buying—like property lines, legal details, and any possible problems. Imagine discovering later that part of your backyard isn’t yours. A property survey helps you avoid surprises and keeps your investment safe. Let’s explore why this step is important and how it makes your purchase worry-free. Why Get a Property Survey Before Buying Real Estate? A real estate survey before buying is like a map that…
Canada’s housing market continued its upward trend in November 2024, as it recorded gains in both sales activity and prices, according to the latest report from the Canadian Real Estate Association (CREA). This marks the sixth consecutive month of sales growth, further solidifying the market’s recovery since mid-year when the first cut to the overnight lending rate was made. Key urban centers such as the Greater Toronto Area, Greater Vancouver, Calgary, and Montreal all saw increased activity, with notable gains also recorded in several smaller cities across Alberta and Ontario. Sales growth persists Home sales in November 2024 increased by…