Author: homegoal.ca
On the edge of downtown Victoria, Beacon Hill Park brings together nature and city life. It has trails, ocean views, and peacocks that roam freely through the gardens. This 200-acre park is one of the most loved spots in the city. Locals enjoy quiet walks and family time here while tourists are drawn to its beauty. And for homebuyers, the nearby green space and walkable neighbourhoods are part of what makes the area surrounding Beacon Hill Park one of the best places to live in Victoria. Morning: Peaceful Walks and Natural Wonders Start your day early, when the park is…
Canada’s housing market is stabilizing—but not for long. Home prices in Ontario and B.C. are down 2.9 per cent and 2.4 per cent, respectively, and sales are expected to slip further in 2025. The Canadian Real Estate Association (CREA) forecasts both provinces will rebound by 2026, with prices snapping back to 2024 levels. This could be the last chance for buyers in high-barrier markets like these to catch the market off-balance. The pullback is mostly product-specific. In Toronto, pre-construction condo inventory ballooned to 58 months of supply—14 times more than in 2022. Many were built for investors, not residents. Developers…
It’s the timeless details that make some mansions feel like regal works of art: ornate glasswork, intricate panelling, elaborate ironwork, dramatic entranceways, and staircases that are just as stunning as they are functional. Drawing inspiration from historic techniques while incorporating modern comforts, these homes are defined through classic architectural principles, meticulous craftsmanship, and the strategic use of refined materials.If this iconic collaboration of style sounds like your idea of luxury living, an iconic Kingston mansion (81 King Street East) could be your next home. That is, if you can afford the stately home’s $25,000,000 price tag.Behind a set of custom…
A majority of recent homebuyers say they couldn’t have purchased their home without help covering the down payment, according to new research from Mortgage Professionals Canada. Among buyers in the past two years, 70 per cent say they couldn’t have bought their home without financial support. The findings highlight a housing affordability system under pressure, as more Canadians turn to family gifts, loans and other outside support to enter the market. The insights are from Mortgage Professionals Canada’s annual State of the Housing Market survey, conducted by Bond Brand Loyalty earlier this year. The poll of 2,000 Canadians shows a…
In their latest real estate endeavour, Toronto-based Lifetime Developments has filed plans for a 25- and 35-storey mixed-use complex in South Riverdale that would deliver over 600 condo units and 14,208 sq. ft of retail space.Plans were filed in late June and comprise an Official Plan Amendment application seeking to re-designate the currently General Employment Areas-designated site to Mixed Use Areas, with a future Zoning By-law Amendment application required to allow for the proposed built form. Currently, the 42,108-sq. -ft site is occupied by a three-storey building containing a mix of retail, office, and commercial uses, as well as a…
Canada’s slow real estate market is finally beginning to impact condo apartment prices. CREA data shows its condo apartment house price index (HPI) fell in June. Despite weak demand and rising inventory, prices have outperformed—falling less than the general market. That appears to be changing as price drops get larger, and the rut turns into outright project cancellations. Canadian Condo Prices Fell To A 4 Year Low Condo apartment prices: The seasonally adjusted Canadian condo apartment HPI. In Canadian dollars. Source: CREA; Better Dwelling. Canadian condo apartment prices are starting to crack under pressure. The price of a typical condo…
Over the past decade, shifts in lifestyle, culture, and even the economy have transformed home design in many ways. From the rise of remote work to the influence of design influencers on social media, home decor trends have reflected our evolving priorities. Here is an overview of the past defining interior trends of the last decade. Some still hold strong in today’s modern home design scene, while others are fading away. Scandinavian Minimalism Scandinavian minimalism emphasized clean lines, white walls, natural woods, and functional furniture. Inspired by the Nordic ethos of simplicity and calm, it rose alongside the minimalism movement…
In May 2025, just 42 new condominium apartments were sold in the City of Toronto. That’s a 69 per cent drop year-over-year, and a staggering 97 per cent below May 2021. Across the entire GTA, only 345 new homes sold: 208 single-family and 137 condos. According to Altus Group, this ongoing sales collapse threatens to stall Toronto’s housing pipeline and wipe out over 40,000 construction-related jobs if conditions don’t improve. Released in late June by Altus Group and BILD, the May figures represent the most current full-month snapshot of new home sales (and one of the most seasonally significant periods…
With more than a year in operation on the books, Toronto’s new Development Review division has hit milestones worth noting. According to a report that went to the City’s Executive Council on Wednesday, the new division has successfully improved internal structures, aligned processes, and enhanced interdivisional coordination. “This has helped reduce delays and ensure that as development increases in scale and complexity, it is matched by timely delivery of infrastructure and services that reflect complete communities principles,” it says.In more specific terms, the division has sped up review timelines for Official Plan Amendment, Zoning By-law Amendment, and Site Plan Control…
Canada isn’t just seeing citizens flee in record volumes, capital is fleeing too. Statistics Canada (Stat Can) data shows a net outflow of $16.2 billion from securities in May, marking a fourth month of capital flight. Despite the TSX’s stellar recent performance, investors are reducing exposure and sending more capital abroad. Canada Saw $16 Billion of Capital Flee, $84 Billion Over 4 Months Canadian international transactions in securities. Source: Statistics Canada. As mentioned above, the net outflow of capital from Canadian securities hit $16.2 billion in May, meaning that much more left than arrived. It was the fourth consecutive month…