Author: homegoal.ca

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.…

Around nine months after filing for creditor protection, Mizrahi Development Group is now looking to renegotiate presale contracts with respect to its luxury condo development at 1451 Wellington Street West in Ottawa, also known The Residences at Island Park Drive.The 12-storey, 93-unit development coming up in Westboro, owned by WellingtonCo, was started back in 2015 and is now in the final stages of construction with just interior finishing and cladding and roofing work still to be done. To date, all the necessary permits and approvals for the project have been secured except the occupancy permit and condominium registration. The project’s…

Ontario Real Estate Association (OREA) has named longtime employee Luigi Favaro its new CEO. The announcement was made at an event at OREA’s headquarters on Friday just before noon. Favaro, currently VP of partnerships, has been with the association for more than 17 years.  “I am honoured to continue working with our members, staff, and stakeholders to further our mission of supporting Ontario Realtors in helping people find a great place to call home, work and thrive,” said Favaro in a statement. “Together, we will continue to address the challenges and opportunities facing our profession and ensure that our members…

In February, the BC Financial Services Authority (BCFSA) announced a new pilot program that would extend the “early marketing period” for large presale projects, in an attempt to give developers more time to get the presales they need to secure construction financing and get shovels into the ground. Under the Real Estate Development Marketing Act (REDMA), developers are required to secure their building permit 12 months after they file the disclosure statement that allows them to begin selling their project. Generally, lenders require developers to sell somewhere between 60% to 80% of the units with a certain profit margin for…

Canadian interest in U.S. migration faded after the Great Recession—that’s reversing fast. In 2023, Canadians granted permanent residency hit a multi-year high, according to the U.S. Department of Homeland Security’s (DHS) latest data. It’s easy to dismiss the data as lagging the narrative of rising hostilities, but that’s unwise. Canadians kicked off 2025 by permanently leaving in record volumes and sending record capital into U.S. stocks—indicating they see fewer opportunities in Canada . Canadian Permanent Migration To The U.S. Hits A 7-Year High U.S. permanent residency granted to Canadians by year.  Source: U.S. Department of Homeland Security; Better Dwelling.  Canadians…

(photo: Luigi Favaro with Cathy Polan)   The Ontario Real Estate Association (OREA) has named Luigi Favaro as its next CEO. Favaro, currently VP of partnerships for OREA, will take the helm after 17 years with the association. Favaro will begin as CEO on Sept. 2.  “I am honoured and proud to be the next CEO of the Ontario Real Estate Association,” Favaro said at a press conference Friday announcing his new role. “I look forward to working together to carry forward the great progress we have already made and stay focused on what matters to all of our members.”…

At yesterday’s session, Toronto City Council adopted a motion from Mayor Olivia Chow to exempt all units in sixplexes from costly development charges and parkland dedications. Chow’s recommendation upped the ante on a previously proposed motion from Councillors Jamaal Myers (Ward 23 – Scarborough North) and Josh Matlow (Ward 12 – Toronto-St. Paul’s) seeking to eliminate these fees for the first four units in a multiplex.”I would like to thank Councillors Myers and Matlow for bringing forward this item to make it easier and more affordable to build sixplexes in our City,” read a letter from Chow submitted under the…

Buttonwood Property Management And Rental Services Is Pleased To Offer A Three Bedroom One Bathroom Single Family Detached House For Rent Located At 110 Jane Street Toronto Ontario M6S 3Y6   3 Br 1 Ba Single Family Detached House For Rent Around Bloor West Village Area. Move In Ready For You To Enjoy! This Single Family Home Is In Pristine Condition And Located In A Prime Area! Eat In Kitchen! Main Floor Sunroom With Picture Windows And Walk Out To Garden! Landscaped Front And Rear Gardens And Has A Separate Entrance To Lower Level. 5 Minute Walk To Bloor St Village…

When summer nights hit hard, many Canadians find themselves tossing, turning, and sticking to the sheets. Whether you’re a renter without central air or a homeowner navigating your first heatwave, you’re probably wondering how to keep your bed cool in the summer. In fact, Environment Canada reports that summer temperatures have been climbing steadily, with more frequent and intense heatwaves affecting regions coast to coast. As climate trends shift, knowing how to stay cool at night becomes more of a must. Here’s how you can beat the heat and reclaim restful sleep.  Choose Breathable Bedding  Your sheets could be working…

In an industry where loyalty is often tied to commissions, culture and opportunity, Re/Max is rolling the dice on a new kind of retention strategy — one that looks a lot like your favourite coffee shop or hotel chain rewards app. The recently launched Max Engage program rewards agents with points for completing brand-aligned activities, from social media challenges and listing best practices to training tool engagement. “The tool is designed to help agents invest in their business alongside the brand and reward them for doing so,” says Melissa Clemance, VP of marketing and communications for Re/Max Canada. “Similar to…