Author: homegoal.ca
“It’s a go!!!!!!!!” exclaimed listing agent Paul Maranger, broker and senior vice president of sales at Sotheby’s International Realty Canada in Toronto. The enthusiastic text message came just minutes after the Feb.13 deadline for the homeowner’s decision to proceed with an auction or cancel. “We’re going to auction,” Maranger confirmed, describing the process as “super exciting.” The historic Paris, Ont. residence, owned by renowned art collector, philanthropist, and fundraiser Dr. Salah Bachir, officially went live for auction on Feb. 13 and will conclude on Feb. 25 in Dubai. Rare in Canada, popular globally While home auctions are common…
After announcing in December that it was parting ways with Swiss architectural firm Herzog & de Meuron, the Vancouver Art Gallery Association’s Board of Trustees passed a motion on January 22 to launch the official request for proposal (RPF) process, beginning with invitations to a select group of Canadian architectural firms. The press release did not identify the architects that have been invited to design the new gallery building, but the Vancouver Art Gallery tells STOREYS that the group consists of the following 14 firms:Diamond Schmitt (Vancouver)Formline Architecture & Urbanism (West Vancouver)Hariri Pontarini Architects (Toronto)HCMA (Vancouver)Henriquez Partners Architects (Vancouver)Kuwabara Payne…
Canada’s housing market started 2025 with a surge in new listings, but buyer activity slowed, leading to softer market conditions in some regions. According to the Canadian Real Estate Association (CREA), the national sales-to-new listings ratio dropped to 49.3% in January, marking a shift from the mid-to-high 50% range seen in late 2024. While this still falls within the balanced market range of 45% to 65%, it signals increasing supply without a corresponding rise in sales. Surge in New Listings Amid Softening Sales In January, new listings increased by 11% compared to December 2024, marking one of the most significant…
Saint John, New Brunswick (Canva) Don’t miss out—join us for REM’s first monthly market breakdown webinar on Feb. 25 at 2 PM Eastern. Hosted by REM, columnist Daniel Foch will dive into CREA’s latest stats and key market trends. Have questions? Leave them in the comments or send them in advance to editor@realestatemagazine.ca. Register now. Something has shifted in Canada’s housing market. This shouldn’t come as a surprise, given something has certainly shifted at a global geopolitically level. You might even call it a “tarrifying” headwind for Canada’s real estate market. For years, supply was tight, and homebuyers…
Downtown Surrey is emerging as a forward-thinking urban center, reimagining what a 21st-century city can be. Century City Holland Park aims to be a leader in this transformation, presenting a master-planned community where modern technological advancement harmonizes with lush natural landscapes and urban agriculture. This innovative development is positioned to become a landmark destination for Metro Vancouver, appealing to investors and residents who envision a dynamic yet balanced lifestyle. Architectural Vision At the heart of Century City Holland Park is an architectural vision that blends urban sophistication with natural serenity. The design is conceived as a modern counterpoint to the…
BC homebuilders, big and small, have been scrutinizing their supply sources intently the last two weeks, after a roller-coaster ride with US President Donald Trump threatening tariffs, pausing them, then starting up the threats again and adding new wrinkles each time.But they’ve also started to call for policy changes that federal and provincial governments might need to make in order to ensure the development industry can get out of near-stall mode. That’s where many of them say they are between tariffs, high construction costs, still-high financing costs, softening rental markets, bans or taxes on foreign investors, and hefty development-cost charges…
Canadian real estate prices are climbing despite an eroding economic and population outlook. Canadian Real Estate Association (CREA) data shows prices climbed sharply in January. It wasn’t due to a tightening market, as the growth rate of new listings was 8x that of home sales. Rising prices were almost certainly due to exuberance and policymakers flooding the market with cheap credit, against the advice of the country’s central bank. Canadian Real Estate Prices Made A Sharp Jump Last Month The composite benchmark price of a home sold through the CREA MLS. Source: CREA; Better Dwelling. Canadian real estate prices made…
Buying a home is often considered the American Dream, but in today’s economic landscape, that dream is becoming increasingly difficult for many first-time homebuyers to achieve. With rising costs in nearly every sector of the economy— from construction to interest rates— the journey to homeownership has become a daunting task. Rising Home Prices: A Major Hurdle One of the most significant factors affecting first-time home buyers is the rapid increase in home prices. Over the past few years, the cost of homes has skyrocketed in many regions. According to recent data from the National Association of Realtors, home prices have…
Menethil Properties Ltd., and its director, Yu “David” Song, are once again under fire. This time, the British Columbia Financial Services Authority (BCFSA) has ordered the Kelowna, B.C.-based rental property brokerage to halt operations following the suspension of its managing broker, Tao “Terry” Guo. The latest news, announced on Feb. 13, revealed that Guo abandoned his duties as managing broker by relocating overseas and delegating his responsibilities to Song. The delegation of these responsibilities to Song—whose own managing broker licence was cancelled less than two years ago—was deemed a violation of RESA. A history of controversy In September…
Currently under construction in Vancouver is a new residential development by Alabaster Homes that aims to deliver modern living in a high-demand central location. Situated between the city’s west and east sides, Thesis offers a design that blends functional living spaces with quality amenities and convenient access to shopping, dining, and green spaces. With occupancy planned for January 2026, this limited collection of homes also presents an opportunity for investors, with a projected average ROI of 18.95%. Architectural Vision Thesis reflects a balanced approach to modern design and practical functionality. The project features two primary colour schemes (grey and white)…