Author: homegoal.ca

Less than three months after acquiring the Shangri-La Vancouver, which is set to be rebranded by Hyatt, Canadian multinational investment firm Brookfield is looking to flip the retail component they acquired alongside the hotel, STOREYS has learned.The Shangri-La Vancouver is located at 1128 W Georgia Street — between W Georgia Street and Alberni Street, along Thurlow Street — and consists of a 62-storey tower with 119 hotel suites on the first 15 floors and 307 residences above. Adjacent to the tower is a three-storey building at 1121 Alberni Street that houses retail space.The mixed-use project was developed by Vancouver-based real…

Suze Cumming, founder of The Nature of Real Estate and Canada’s Real Estate Negotiation guru, answers Realtors’ questions on the first Friday of the month about negotiation tactics and working through tricky situations. Have a question for Suze? Send her an email.   Your buyer has found the right property. It’s been on the market for several months with a couple of price drops—the most recent one 30 days ago. You estimate market value within two to three per cent of the new asking price, and your buyer is ready to make a strong opening offer: clean terms, the seller’s…

This article was written and submitted by Richard Witt, an architect and principal at BDP Quadrangle where he tries to fill every half empty glass.“Architecture is like clothing for our streets,” said Robert Wiljer, a professor I was fortunate enough to study under at the University of Waterloo. “Some people walk by and never notice what others are wearing. But for some of us, it matters deeply.” That line seems to be resonating with me more recently as I traverse the west end of Toronto, and I suspect would have the same resonance if I was able to get to…

Canada’s economy just keeps taking hits—the latest is this morning’s job report. The unemployment rate climbed sharply in August, according to Statistics Canada’s Labour Force Survey. What was once a demographic issue is now a demand problem. Real job losses are materializing, and they’re not limited to trade-exposed sectors. The data points to a deeper shift: the economy isn’t just slowing—it’s contracting under falling demand and eroding confidence.  Canada Lost 66k Jobs, Unemployment Hits Highest Rate Since 2016   Canadian employment fell by 66k jobs (-0.3%) in August, after losing 41k jobs in July. The drop pushed the unemployment rate up…

Forest Hill, Toronto, is one of the city’s most prestigious and storied neighbourhoods. Located just north of downtown, it offers a balance that appeals to families, professionals, and investors alike. For many, living in Forest Hill means enjoying the best of both worlds: luxurious privacy in a village-like setting, with the city’s cultural and business hubs only minutes away. This neighbourhood guide breaks down what it’s like to call Forest Hill home. Where Is Forest Hill, Toronto?  Listed by: SUTTON GROUP-ADMIRAL REALTY INC. Forest Hill is a neighbourhood in midtown Toronto, bounded by Eglinton Avenue to the north, Bathurst Street…

For much of this year, the Greater Toronto Area’s housing market appeared to be holding onto a fragile recovery. That narrative cracked in August. Sales clocked in at 5,211, slightly higher than last year, but on a seasonally adjusted basis, it was the first monthly decline since March. Prices remain under pressure: the benchmark fell to $978,100, continuing a nine-month streak without gains. More importantly, the mix of which products are falling hardest is surprising even to seasoned observers.     Detached homes and condos lead the decline   Conventional wisdom said 416 detached homes would prove more resilient than…

Non-bank lenders are continuing to maintain a consistent presence in Canada’s residential mortgage market. Credit unions and mortgage investment entities (MIEs) account for a substantial share of outstanding loans as of Q1 2025, within this category. Source: Statistics Canada Across all non-bank lenders, residential mortgage balances stood at $396.8 billion in Q1 2025. That compares to $330.3 billion in early 2020, reflecting steady growth over the past five years with some flattening in late 2024. Credit unions made up the majority of this lending, holding $274.4 billion at the beginning of 2025, while MIEs and other non-bank institutions accounted for…

Toronto-based private equity real estate firm KingSett Capital has acquired the twin office towers in downtown Vancouver known as Pender Place, after the high-profile complex was put on the market earlier this year.Pender Place is located at 700 W Pender Street and 750 W Pender Street in the heart of downtown Vancouver, which are together a single 0.716-acre legal parcel with an address of 700 W Pender Street. Cadillac Fairview (CF) — the wholly-owned real estate subsidiary of the Ontario Teachers’ Pension Plan — jointly owned 700 W Pender Street alongside the Investment Management Corporation of Ontario (IMCO) and the…

Cathy Polan, president of the Ontario Real Estate Association (OREA), said the organization applauds the provincial government’s decision to review the Real Estate Council of Ontario (RECO) in the wake of the iPro Realty Ltd. scandal. In a statement provided to Real Estate Magazine, Polan said the “turmoil and lack of meaningful support” by RECO for those affected “only underscores what (Realtors) have said for years: Ontario’s real estate regulator lacks independent oversight, transparency, and the teeth to hold bad actors accountable.” While OREA recognizes the value of engaging external communications support in challenging times, Polan said OREA is “deeply…

A new homeless shelter recently opened in my neighbourhood, operated by St. Felix Centre. By definition, I am the one who is “supposed” to object — the neighbour who falls into the familiar NIMBY category. Instead, I want to explain why I support this project, and why it has the ingredients not only to succeed but to become a model for other shelters.When Adaptive Reuse Meets Urgent NeedThe shelter was created by renovating an existing building, rather than constructing a new one. This distinction is critical. New builds are often more difficult for communities to accept because they visibly alter…