Author: homegoal.ca

The Ontario Superior Court of Justice has granted a receivership order over a series of development land parcels in North York, the likes of which were set to accommodate a 10-storey mid-rise and a 32-storey flatiron tower with a shared six- to eight-storey base. The June 18 appointment order stems from an application made in April, which refers to around two dozen entities as the collective “lender,” and an indebtedness of around $28,450,456 as of March 31, 2025, “with interest, legal fees and disbursements continuing to accrue.” According to the application, the debtor is Grmada Holdings Inc., an Ontario corporation…

Canadian mortgage delinquencies continued to rise sharply in Q1 2025, according to Equifax. While the rate remains historically low, it’s climbing fast. The trend was driven largely by Toronto, where delinquencies have hit one of the highest levels in decades, even as other major markets remain well below the national average.  Canadian Mortgage Delinquencies  A delinquent mortgage is a home loan that’s been caught smoking behind the school or engaged in things like minor shoplifting of a candy bar, etc.—you know? A delinquent. Just checking if you’re paying attention.  A delinquent mortgage in Canada is generally considered 90+ days past…

If you bought a home in 2015, you probably scored a much lower mortgage payment than today’s buyers. Interest rates had been declining from a high of 3.38% in October 2013, falling to 2.43% by June 2015. Compared to today’s rates, which sit above 3.8%, the rates in 2015 were hard to beat. Those low interest rates, coupled with lower average home prices, make 2015 average mortgage payments nearly half of what they are now. In some cities, mortgage payments have increased by as much as triple over the last decade. As income growth has crawled in comparison, 2025 homebuyers…

Hungry buyers chasing low inventory created a perfect storm for record-breaking home prices in Saskatchewan in June.  The provincial benchmark price hit an all-time high of $370,700 last month, 8 per cent higher than June 2024. “We’re seeing record price growth for a second consecutive month – as high as 16 per cent year-over-year in some markets – which speaks to the supply and demand challenges we’re experiencing right now,” said Saskatchewan Realtors Association CEO Chris Guérette. “Despite these challenges, we’re encouraged by consecutive months of strong housing start figures and remain hopeful that supply relief is on the way.”…

The Burnaby Lake Village master-planned project has officially exited creditor protection, according to filings in the Supreme Court of British Columbia, resolving a conflict between the two local developers that partnered on the project. Burnaby Lake Village is set for the 19-acre property at 6800 Lougheed Highway in Burnaby, directly adjacent to the Millennium Line SkyTrain’s Sperling-Burnaby Lake Station, where Peterson and Create Properties were planning nearly 6,000 new homes across 14 mixed-use buildings between the heights of 12 and 25 storeys.The partners — who owned the property through 1112849 BC Ltd. and Sperling Limited Partnership — had received final…

Greater Vancouver real estate went from some of the world’s most coveted to historically weak demand in just a few years. REBGV data shows prices fell in June, as demand fell to the second weakest level in the past 25 years. At the same time, the region’s notoriously scarce inventory is no more—there are now the most listings since the Bank of Canada (BoC) suggested it was a bubble.   Greater Vancouver Real Estate Prices Fell But Remain Lofty  Greater Vancouver real estate prices: composite benchmark.  Source: REBGV; CREA; Better Dwelling. Greater Vancouver real estate prices slipped lower last month. The…

Every year, the Pantone Colour of the Year sets the tone for design industries worldwide. From fashion to packaging and, of course, interior spaces, Pantone’s picks reflect cultural moods and emerging trends. Over the past decade, these shades have inspired new home decor trends that reflect our lifestyles and self-expression. If you want to refresh a space or choose paint colours that resonate emotionally, explore the Pantone Colours of the Year from the past decade for inspiration. Pantone Colour of the Year (2015-2025) 2015 – Marsala (Pantone 18-1438)  HEX: #964F4C Pantone Marsala is a warm, earthy red that exudes confidence…

The market is quiet right now. For many in real estate, this summer has felt slower than expected – listings sitting, buyers hesitating, and an overwhelming sense of “holding.” And if we are being honest, we may not have hit the bottom yet.  What we are seeing is not just a lull. It’s a race to the bottom, and it’s largely driven by two forces: unrealistic expectations and growing impatience. That combination is not just hurting individual deals. It is reshaping the entire market landscape, from pricing to consumer confidence to agent performance.  If we want to weather this slowdown…

Edmonton’s housing market has emerged as one of the strongest in the country through the first half of 2025, outperforming nearly all major Canadian cities, including its historically more active counterpart, Calgary. According to Edge Realty Analytics’ June 2025 report, Edmonton’s real estate market has shown sustained price appreciation, historically high sales volumes, and a notable undersupply of homeowner-targeted new construction. Edmonton’s conditions suggest a market with continued growth potential, as national housing trends remain uneven. Source: Realtors Association of Edmonton Sales Edmonton’s housing market has been running counter to national cooling trends, with demand reaching record levels in late…

Just before the weekend, Toronto-based H&R REIT (TSX: HR.UN) disclosed that it had formed a special committee in February “to review and consider strategic alternatives after receiving an unsolicited expression of interest,” confirming the possibility that the REIT may be sold.H&R REIT says that after receiving that unsolicited proposal, it has received other proposals for potential transactions. Details about the received offers were not provided, with H&R REIT only saying that the special committee has retained National Bank Financial as its independent financial advisor and Fasken Martineau Dumoulin LLP as its independent legal counsel. CIBC Capital Markets and Blake Cassels…