Author: homegoal.ca

Toronto-based real estate developer Luiza Investments Limited has filed plans for a five-tower condo complex that would deliver over 1,700 new housing units, alongside retail space and large public park, to Central Scarborough’s Bendale-Glen Andrew neighbourhood.Plans were filed in late June and service a Zoning By-law Amendment application seeking to permit a mix of residential and commercial uses and to allow for intensified height and density on the site. If approved, the proposed development would replace three single-storey commercial and industrial buildings and the surface level parking lot that currently occupy the site with eight-, 37-, 37-, 39-, and 42-storey…

Being born into a supportive family can feel like winning the lottery, but you don’t need to come from wealth to expect an inheritance at some point. In fact, Statistics Canada reports that the average Canadian homeowner receives $85,100 as an inheritance. At first glance, that may sound like a golden ticket, especially since it’s close to Canada’s median annual salary. But when it comes to putting that money toward a condo apartment down payment, how far it goes really depends on where you plan to buy. Zoocasa analyzed how an $85,100 inheritance compares to a 20% down payment for…

This article was submitted by John DiMichele, CEO of the Toronto Regional Real Estate Board (TRREB).York Region is home to some of the most desirable communities in Canada. But increasingly, this Region is facing a combination of challenges that pose significant risks to its residents and economic outlook, namely high home prices, falling housing starts, and some of the highest development charges (DCs) in the country.Now is the time to consider a change of direction. Municipalities across York Region must reduce or defer DCs to help unlock the desperately needed housing supply and protect Ontario’s economic competitiveness. Through Bill 17,…

The Greater Toronto Area’s (GTA) “prolonged downturn” in new home sales continued with its sloping trajectory in June, according to the latest data from Building Industry Land and Development Association (BILD) and Altus Group.In a “near-historic low,” just 510 new homes were sold last month, up from a measly 345 in May — however, that figure was higher than it was in any month since the beginning of the year. Still, June’s sales remain 60% below June 2024 and 82% below the 10-year average. For reference, a typical June would have seen around 2,801 new homes sold — more than…

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadians Pull Back On Real Estate, Set Record Investment In US Stocks Canadians may talk tough on the U.S., but they won’t put their money where their mouth is. In May, Canadians spent $34.2 billion on residential real estate, sliding steadily to 27% lower than the May 2021 record. However, it wasn’t due to a lack of cash—Canadians increased their holdings of US stocks by $14.2 billion, setting a new May record. Canada’s record human capital flight is now being matched by traditional capital flight. Continue Reading……

When people think of beach living, Canada isn’t usually the first place that comes to mind. But with its freshwater lakes and charming beach towns, the country quietly boasts some stunning beaches. The best beaches in Canada are also places where people live full-time, raise families, retire, or escape to for long weekends and holidays. Since the pandemic, interest in waterfront homes in Canada has surged, particularly for retirees. More buyers are trading condos for lifestyle-rich properties by the shore. Here’s why and where you might want to make the move. Why Beach Living Appeals to Canadians Year-Round  Canada’s beach…

British Columbia-based Chinese billionaire Ruby Liu is facing an uphill battle in her quest to acquire 25 of Hudson’s Bay’s former leases and the quest is getting more challenging after Cadillac Fairview (CF) made a new filing in court this week voicing its opposition to the sale.After the Hudson’s Bay Company (HBC) filed for and was granted creditor protection under the Companies’ Creditors Arrangement Act (CCAA) on March 7, all of the stores it was operating — under the Hudson’s Bay, Saks Fifth Avenue, Saks OFF 5th brands — were liquidated and closed.The main piece of outstanding business is now…

Around this time last year, something very interesting started to happen: developers across the country started to take aim at the development fees that governments levy on new construction and use to fund infrastructure projects. There has been varying levels of success, but what’s undeniable is that there has been a sentiment shift around these fees. Here in British Columbia, the story really begins in Fall 2023, when the Metro Vancouver Regional District (MVRD) revealed that it was raising its development cost charges (DCCs) — in some cases doubling or triping the existing rates — which vary depending on location…

Looking for a home that’s anything but ordinary? You’re in the right place. The U.S. real estate market has no shortage of jaw-dropping listings, but truly crazy houses—the ones that make you do a double take—are much rarer. Fortunately, we dug up some of the wildest, hard-to-imagine homes for sale across the country right now. From castles to converted churches, these crazy houses push the limits of imagination. Listing courtesy of Alexandra George of AG Aspen : (304) 561-8760 Listing courtesy of Alexandra George of AG Aspen : (304) 561-8760 Listing courtesy of Alexandra George of AG Aspen : (304)…

Young Canadians are feeling intense pressure to buy a home—on par with societal expectations around marriage and starting a family—according to a new national survey from real estate platform Wahi. Wahi’s 2025 Homebuying Pressure Point Survey, conducted among Angus Reid Forum members, found that 54 per cent of Millennials and 41 per cent of Gen Z respondents reported feeling pressure to own property, significantly higher than the national average of 34 per cent.  By comparison, only 30 per cent of Gen Xers and just 13 per cent of Baby Boomers—who have the highest rates of homeownership—said they felt similar pressure.…