Author: homegoal.ca

Real Estate Council of Ontario (RECO) was successful in obtaining several court orders in a hearing Monday, which freeze the assets of iPro Realty’s Ltd.’s founders, and give Fedele Colucci and Rui Alves one day to tally up their anticipated living expenses and legal costs. Justice William Black of the Ontario Superior Court of Justice heard the matter virtually. RECO is pursuing iPro for removing and misusing consumer deposits and agent commissions held in trust.  RECO said in its original court application that it is seeking to trace the flow of trust funds that were diverted and return them to…

Pierwell in Dunderave Multi-use properties, often described as developments that blend residential, commercial, cultural, and recreational spaces into one location, are increasingly shaping the urban landscape. These projects are no longer limited to downtown towers or sprawling suburban complexes; they are appearing across markets worldwide, driven by shifting lifestyles, urban density pressures, and evolving expectations for how people want to live, work, and interact with their communities. Redefining Convenience and Lifestyle One of the strongest drivers of multi-use property growth is the desire for convenience. By placing retail, dining, office space, and housing within the same development, these projects significantly…

Canada’s labour market statistics still project resilience, but a generational fracture is widening and cannot be ignored. Youth unemployment has climbed to levels once associated with economic crises, even as older cohorts continue to find work. To most experts on economics, this does not seem like a cyclical fluctuation in joblessness, but a structural failure that threatens to sever young Canadians from financial milestones such as household formation, savings, and entry into ownership, all of which sustain both social mobility and the housing market itself.Oversupply And DisplacementThe rise in youth unemployment has its origins in both demographics and technology. Between…

Canada’s real estate addiction may limit the central bank’s ability to respond to loosening conditions. The Bank of Canada (BoC) cut its overnight rate by 25 basis points to 2.50% at its September meeting, as expected. Markets are pricing in more cuts, but BMO economists caution that moving too fast risks undoing recent housing market stabilization and reigniting exuberance.  Real and Negative Interest Rates Before diving into BMO’s warning, it’s important to understand two key financial concepts: real interest rates and negative real rates.  The real interest rate is the inflation-adjusted interest rate—calculated by subtracting inflation from the nominal rate.…

A forensic investigation into the financial records of The iPro Realty Ltd. shows a complicated web of intermingled financials with the sprawling group of businesses owned by former brokerage principals Fedele Colucci and Rui Alves. New evidence filed by the Real Estate Council of Ontario (RECO) last week in the ongoing court action against Colucci, Alves, and their companies reveals what appears to be a complex scheme of trust fund misappropriation by iPro’s former owners through a network of accounts and entities. RECO, in the case filed with the Ontario Superior Court of Justice, argues that Colucci and Alves “systematically…

A car runs more smoothly when the wheels are in perfect alignment. In other words, teamwork through co-operation and collaboration is the key to success. Our various levels of government should be adopting that approach to tackle the housing supply and affordability crisis. Political leaders must align their actions if they hope to make headway. They should start by addressing the tax burden, which has been identified as one of the biggest impediments to the affordability of new housing. Presently, taxes, fees and levies – including development charges – account for a whopping 36 per cent of the cost of…

Pop culture isn’t just shaping what we watch and wear; it’s also influencing the way we choose to decorate and set up our homes. From Nora Ephron-inspired vintage film interiors to The Summer I Turned Pretty’s dreamy hydrangea gardens, pop culture is leaving a prominent mark on interior design. With so many trends out there, we’ve pulled together 5 of our favourites that deserve a starring role in your home this autumn. Ambient Lighting “The smaller the lights, the bigger the vibe.” This TikTok trend lets creators showcase how their living room or bedroom looks with a single overhead light…

On Wednesday morning, the Bank of Canada (BoC) announced that they are cutting the policy rate to 2.50% for their July decision. This decision follows three consecutive holds from the central bank in April, June, and July.The BoC has delivered a total of 225 basis points (bps) worth of cuts since June 2024, including half-point cuts in both October and December of last year. Today’s decision comes on the heels of Statistics Canada’s Consumer Price Index reading for August, which showed a 1.9% year-over-year rise, up from a 1.7% increase in July.“With a weaker economy and less upside risk to…

“Make no mistake, the condo market has been dropped to its knees. It’s not a TKO, but let’s give it a standing eight count,” reads a recent report from CIBC’s Deputy Chief Economist Benjamin Tal and Urbanation’s President Shaun Hildebrand. The report delves into the current state of Canada’s housing market and breaks down why there is hope yet for the GTA condo.Outlooks for the GTA market have been somber for some time now, and this is not something Tal and Hildebrand shy away from. They acknowledge condo sales have stooped to ’90s levels and that “the days of 20,000-plus…

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Went From A Shortage To Surplus, Starts Plunge Canada’s new home starts fell to a SAAR of 245,800 units in August, down 16% from July. But this isn’t a problem of red tape—approved permits hit a record ~350,000 units, and builders are sitting on 12,000 completed but unsold homes, nearly 50% above the long-term average. The real issue is weak demand at current price levels, made worse by state-backed stimulus that’s fueling construction and propping up input costs, preventing the price relief the market…