Author: homegoal.ca

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…

Greater Toronto real estate’s recovery slipped beyond the horizon in August, despite a small bump in buyers. TRREB data shows a minor year-over-year increase in sales, but demand remains near historic lows and far from normalizing. At the same time, more sellers flooded the market, pushing inventory to a record high and forcing deeper price cuts.   Toronto Real Estate Price Declines Continue, Now 24% Below Record High TRREB Composite benchmark: The price of a typical home across the Greater Toronto Area in Canadian dollars.  Source: CREA; TRREB; Better Dwelling.  Greater Toronto real estate prices are finding little relief despite industry…

In August 2025, the City of Toronto recorded 1,779 home sales—a 19.3% drop from July’s 2,205 transactions. New listings also declined, with 4,538 added in August, down 24.5% from 6,008 in July. Active listings tightened as well, falling 12.3% month-over-month from 10,993 to 9,644. Despite these decreases, the months of inventory held steady at 4.7, showing no month-over-month change, meaning buyers still have inventory to choose from in today’s market. Overall, Toronto’s housing market remained balanced in August, even with fewer sales and fewer new listings. The average selling price across all home types in the Toronto region fell by…

The real estate industry in Canada is facing a profound reputational challenge in the wake of two high-profile scandals involving iPro Realty Ltd. in Ontario and Re/Max Real Estate (Central) in Calgary.  These incidents have not only shaken consumer confidence but also exposed critical weaknesses in the regulatory oversight meant to protect the public. As millions of dollars are at stake and trust is eroded, industry leaders emphasize that the damage extends beyond the individuals involved, threatening the integrity of the entire profession. For many Canadians, buying or selling a home remains one of the most significant financial decisions of…

While still far from recovered, the Greater Toronto Area (GTA) housing market continued to see increased activity in August as home sales grew on a year-over-year basis for the second month in a row. According to the Toronto Regional Real Estate Board (TRREB), there were 5,211 home sales last month, up 2.3% compared to August 2024.This bump follows a 10.9% annual increase in home sales recorded in the previous month, which was the highest July home sales had been since 2021. On a seasonally-adjusted month-over-month basis, however, sales dipped 15.7% in August from July’s 6,100 transactions. Zooming out, while the…

Realtors across the province have sent a clear message calling for more oversight of the Real Estate Council of Ontario. On Wednesday, Ontario’s nine largest Realtor boards and associations, representing more than 95,000 of the 100,000 Realtors in Ontario, sent a joint letter to the Public and Business Service Delivery and Procurement Minister Stephen Crawford. The letter urges the government to make RECO subject to independent oversight by the Ontario Ombudsman, noting that the iPro Realty Ltd. case is part of a “troubling pattern” which has “highlighted the need for enhanced transparency and accountability at Ontario’s real estate regulator to…

This article was written and submitted by Jayne McCaw, Founder of Jayne’s Luxury Rentals in Port Carling, Ontario. Ontario’s cottage country is more than a scenic getaway; it’s a critical engine for our province’s tourism economy. Muskoka alone welcomes over three million visitors annually, many of whom stay in short-term rental properties that allow families to gather, explore, and reconnect with nature. As the Founder of Jayne’s Luxury Rentals, which manages over 300 premium properties across Ontario, I’ve seen firsthand how essential short-term rentals have become — not just for guests, but for communities.With the recent rollout of new short-term…

Canadian real estate is even cooler than most realize. Since hitting a record high three years ago, real (inflation-adjusted) home prices have fallen sharply, according to data from the US Federal Reserve Bank of Dallas (Dallas Fed). Once thought an invincible and sure bet, Canadian real estate is in the middle of the second-largest price correction ever—and it’s still unfolding, especially compared to how long past downturns took to bottom.  Canadian Real Estate Prices Below 2017 Inflation-Adjusted Peak Canadian real home prices: Dallas Fed inflation-adjusted indexed quarterly values. Source: Dallas Fed; Better Dwelling.  Even Canadian real estate prices are in…