Author: homegoal.ca
Seller-financed deals—specifically vendor take-back (VTB) mortgages—aren’t just surviving in Canadian real estate. They’re booming.According to CoStar Canada, VTB transaction volume surged from $767 million in 2021 to $3.5 billion by the end of 2023, marking a nearly fivefold increase in just two years. This isn’t a fringe trend. It’s a fast-maturing part of the financing landscape, especially for private sales and deals that fall outside conventional lending criteria.A VTB mortgage is when a seller loans a portion of the purchase price to the buyer, typically secured against the home. It fills the gap when traditional lending comes up short—and increasingly,…
A fixture of Toronto’s Jane and Finch neighbourhood for upwards of 50 years, Jane Finch Mall has seen its fair share of change, from updated stores and restaurants to the addition of new grocery offerings to meet the evolving needs of the community. And it’s in for its biggest transformation yet. In the coming decades, the property at 1911 Finch Avenue West will be redeveloped into seven mixed-use blocks with a dozen new mid- to high-rise buildings and over 4,600 new residential units. The proposed redevelopment, which comes from an affiliate of Southdown Builders Brad-Jay Investments Ltd., got the City’s…
Canada’s fiscal picture is getting “cloudy,” warns BMO. The bank’s latest report flags ballooning spending, soft revenues, and trade war uncertainty as key risks facing the economy. BMO estimates the deficit could reach as high as $80 billion this year—far higher than official forecasts. A slower rollout of election promises might ease the blow, but the picture remains precarious. “Canada’s fiscal picture is getting cloudy given that the current government did not table a post-election budget, and the cost platform has been rearranged by the evolving economic outlook and shifting policy priorities,” warns BMO senior economist Robert Kavcic. He sees…
At the start of summer, the Greater Toronto Area (GTA) housing market exhibited a mix of stability and softening, reflecting shifting dynamics among buyers and sellers. According to the Toronto Regional Real Estate Board (TRREB), 6,243 homes were sold in June 2025, representing a 2.4% decrease from June 2024. In contrast, new listings rose 7.7% year-over-year, reaching 19,839, suggesting sellers are feeling more confident about entering the market. Despite the rise in new listings, a growing inventory of unsold homes contributed to longer selling times. As more properties remained on the market, both the Average Listing Days on Market (LDOM)…
Title insurance firm FCT and Interac have teamed up to create a digital identification verification service for real estate professionals, which the two companies say will help reduce ID fraud. The Interac Verified credential service eliminates the need for real estate agents, lenders or lawyers to obtain and keep copies of sellers’ or buyers’ IDs, says Michael LeBlanc, CEO of FCT. Interac Verified “fits nicely in line with what we’re trying to do in providing tools for the real estate industry to support their efforts, not only in combating fraud but also in leading the ongoing compliance obligations that they…
As it gears up for its 50th year in operation, Camrost Felcorp has made major changes to its senior leadership team, including the appointment of Joseph Feldman to President and Chief Operating Officer. The company behind landmark projects like Upper East Village in Leaside and the Exchange District in Mississauga announced Monday that former President David Feldman will stay on as Chairman and Chief Executive Officer, and will maintain an active role in Camrost’s “overall direction.”“As we reflect on the company’s success over the past 50 years, it’s not only a moment to appreciate the legacy we’ve built — but…
Buying a condo-apartment in Canada in 2015 was a smart move, but holding onto that property until 2025 proved to be even more beneficial. Over the past decade, apartment prices nationwide have undergone significant changes. Whether in a large metropolitan area or a smaller city, the real estate market has undergone significant shifts. Zoocasa analyzed price changes across Canada to gain a better understanding of how different regions performed. Learn more about headline-worthy growth in Ontario, consistent gains in Quebec and Atlantic Canada, and more gradual increases in the Prairies. Over the past decade, Canada has experienced a significant surge…
The fallout of the multi-million-dollar Ponzi scheme by former Calgary Realtor Eric Drinkwater continues to unfold, with new developments relating to the fraudster’s one-time bosses and the brokerage he worked for. Drinkwater’s scheme centred around falsified bridge loans for non-existent real estate transactions. Drinkwater was charged by Calgary police on May 8. Police reported 16 victims came forward with a combined loss of more than $1.9 million. In a recent disciplinary hearing of the Real Estate Council of Alberta, Drinkwater admitted that the total amount invested in the scheme was $3.5 million, and an investigation found there were at least…
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Toronto City Council met for its June session last week, and members signed off on over a dozen housing proposals (and refused just one). Among the standout projects were the redevelopment of the city’s historic coach terminal and a massive master plan proposed for the site of Cineplex Cinemas Queensway.Collectively, the approved developments are expected to add almost 10,000 new housing units to the city, and will hopefully play a part in Toronto reaching its target of 285,000 new homes by 2030. According to the Province, the city fell short of its 2024 goal of 23,750 housing starts, recording just…