Author: homegoal.ca
In a move set to reshape the global real estate landscape, Compass announced Monday it will acquire rival firm Anywhere Real Estate, consolidating some of the biggest brands in the business. The all-stock transaction is valued at approximately US$1.6 billion. The combined company will be worth around US$10 billion and will bring together roughly 340,000 real estate professionals across about 120 countries and territories, said an official statement. The deal marks a game-changing merger in the residential real estate sector, combining Compass — the largest residential brokerage in the United States by sales volume — with Anywhere’s portfolio of prominent…
After “eclipsing” the 1990s downturn this July, Greater Toronto Area (GTA) new home sales plunged 42% year over year last month, with a mere 300 transactions recorded, according to the latest data from the Building Industry and Land Development Association (BILD). This put sales 81% below the ten year average, contrasting starkly with the historical average for new home sales in August, which would typically be around 1,595 units.This continued downtrend in new home sales comes as economic uncertainty combines with a general lack of affordability, both to buy and to build new homes. And while completions are coming online…
Let’s be real for a second. You love your house. You raised your kids there. You remember the paint colors from every Christmas, and maybe you still have that one tile in the kitchen that’s been cracked since ’98, but hey—it’s yours. But now? You’re staring down the hallway at three empty bedrooms, you haven’t used the upstairs in a week, and you’d rather wrestle a feral cat than shovel that driveway one more winter. Sound familiar? Here are five flashing neon signs that it might be time to downsize—not because you have to… but because you finally can. 1.…
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…