Author: homegoal.ca
Homeownership has always carried financial strain, but the scale of difficulty today is fundamentally different from the past. For couples in their 30s — the median age when most Canadians purchase their first home — the burden of borrowing has grown heavier despite falling interest rates and rising incomes. By comparing borrowing costs across decades, one conclusion becomes unavoidable: today’s buyers face the steepest and most prolonged path to homeownership In 1990, a Canadian family needed just over $41,000 for a down payment on a $207,756 home, a sum that could be saved in about 10 years. By 2025, the…
Canada’s housing crisis has become a national policy priority, and for good reason. Affordability is at generational lows, rental markets are straining under record population growth, and homebuilding has slowed even as demand rises. Governments have responded with ambitious targets, zoning reforms and tax changes. Yet the gap between policy ambition and on-the-ground results remains stubbornly wide. That gap is not just about capital or regulation. It’s also about perspective. Canadian housing policy is being made largely without the insight of those closest to its day-to-day failures: the real estate brokers and agents navigating this market in real time. These…
Brightstone has just announced it is launching OG Urban Towns, a 101-stacked townhouse development in downtown Mississauga—one of the GTA’s fastest changing neighbourhoods. OG Urban Towns has already garnered substantial attention, not merely because it’s one of the few launches of its kind in the region this fall, but because it’s filling a demand in the market that’s long been overlooked. Prices for the homes start in the $500’s. “Missing middle”, or gentle-density, housing has long been touted as a counterbalance to the high-rise residential boom that’s changed the GTA’s complexion over the last 15 years. “OG Urban Towns is…
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…