Author: homegoal.ca
Despite troubled times in the market, the real estate industry and adjacent sectors continued to tough it out and many companies — big and small — continued to hire or promote from within.The most notable of them all, perhaps, was the City of Vancouver hiring Donny van Dyk as its new City Manager, less than two weeks after parting ways with Paul Mochrie. (The short timeline is now under investigation.) Meanwhile, companies like Conwest Developments, Prologis, Townline, OpenForm Properties, and Beedie all filled some important leadership positions.Here are all the people who changed jobs or received promotions last month.Development and…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Is Crashing At One of The Fastest Rates Ever Canadian real estate is in the middle of one of the sharpest corrections on record. Real home prices have dropped 24.2% since Q1 2022, making it the second-deepest decline ever, according to the US Federal Reserve. Only 12 quarters in, this correction may still have a long way to go by historical standards—the ‘90s bubble correction lasted 26 quarters. Continue Reading… Canadian Job Losses Reinforce Confidence Crisis, Kill “Soft Landing” Narrative Canada’s job market is…
I never imagined I’d be a big city girl. I loved my hometown too much for that. I grew up in a big pink house on a corner lot at the top of a hill, a place I always thought of as my own Barbie Dream House. When I was five, I lost my first tooth on the driveway the very day we moved in. Ten years later, that same spot became the place where I had my first kiss, with the boy who lived just down the street. Who knew driveways could be so sentimental? I always thought my…
Just a few months after California-based medical technology company Masimo backed out of its deal to purchase the Nexus office building from Vancouver-based real estate developer Keltic Development, the project has become the subject of a receivership application, according to filings in the Supreme Court of British Columbia obtained by STOREYS. The project is set for 220 Prior Street in Vancouver, immediately west of the new St. Paul’s Hospital campus currently being constructed and north of Pacific Central Station. It is planned to be a 10-storey commercial building designed by MCMP Architects with over 102,000 sq. ft of medical office…
The Ontario Provincial Police says it will launch an investigation into the iPro Realty Ltd. scandal. OPP spokesperson Erin Cranton confirmed the investigation to Real Estate Magazine in a statement on Tuesday evening. “The OPP has been asked to investigate this matter. To protect the integrity of the investigation, we are unable to provide further details at this time,” she said. Demands for action are getting louder after Ontario’s real estate regulator, Real Estate Council of Ontario (RECO), said that iPro Realty co-founders Rui Alves and Fedele Colucci will not face charges, despite $10.5 million going missing from the brokerage’s…
From Etobicoke to Scarborough, unassuming parcels of land across the Greater Toronto Area are constantly being eyed up and targeted for housing development by the region’s (and country’s) array of industrious builders and developers. And, as the City sees a steady stream of building applications, STOREYS is right there waiting to sift through architectural plans and planning rationales for the best and biggest (and coolest!) coming up across the region. Each month brings something different, from affordable housing to multi-tower luxury condos — but here are 11 stand-out submissions that were on our radar in the month of August.2130 Lawrence…
A surge in housing supply is reshaping Calgary’s market, continuing to put downward pressure on prices, according to the latet data from the Calgary Real Estate Board. The August 2025 report, released Tuesday, shows apartment-style condos and row-style homes are seeing the sharpest drops, while detached and semi-detached properties are posting only modest declines. The unadjusted total residential benchmark price was $577,200 in last month, down four per cent from August 2024. “Perspective is needed when it comes to price adjustments,” said CREB chief economist Ann-Marie Lurie, adding that high-density housing like row and apartment-style homes are seeing the biggest…
Toronto-based Primaris REIT (TSX: PMZ.UN) has officially put the Northland Village open-air shopping centre in Calgary on the market, fresh off of a years-long undertaking to reimagine the mall.Northland Village Mall is located at 5111 Northland Drive in northwest Calgary, about a five-minute drive away from the Brentwood LRT Station. Longtime anchor tenants of the mall include Walmart, Winners, and Best Buy, with other notable tenants including Dollarama, GoodLife Fitness, and Lenscrafters.The mall originally opened in 1971 as an enclosed one-level indoor shopping centre and was expanded and renovated several times in the early-aughts. In 2021, Primaris REIT unveiled a…
Selling a home always comes with tough choices about what upgrades are worth the investment. One of the biggest questions sellers ask is: should you finish your basement before selling your house? A finished basement can add usable space and potentially raise your asking price, but it also comes with a hefty price tag and some risks. Here are the pros and cons of finishing a basement before selling, and discover the alternatives that can help you impress buyers without a full renovation. The Pros of Finishing Your Basement Before Selling Finishing a basement before selling can be a smart…
Buyers are taking advantage of softening house prices in Vancouver, with August sales up nearly three per cent year-over-year. According to Greater Vancouver Realtors (GVR), residential sales in the region totalled 1,959 last month. While that’s 55 sales more than August 2024, sales levels were still nearly 20 per cent below the 10-year seasonal average (2,424). “The August sales figures add further confirmation that sales activity across Metro Vancouver appears to be recovering, albeit somewhat slowly, from the challenging first half of the year,” said Andrew Lis, GVR’s director of economics and data analytics. “Sales in the detached and attached…