Author: homegoal.ca
A development application recently filed with the City of Toronto is seeking to transform a two-storey commercial and retail strip plaza into a 39- and 36-storey mixed-use project that would deliver over 900 residential units to the Yorkdale-Glen Park neighbourhood. The plans were filed in late July on behalf of Tonlu Properties in favour of an Official Plan and Zoning By-law Amendment application.If approved, the development would require the demolition of the existing strip plaza, which is currently occupied by several at-grade businesses with six residential rental units above, which are proposed to be replaced. Once complete, the project would…
Built in 1954 and featuring glass and brick modernist design by Toronto-based architectural firm NORR (previously John B. Parkin Associates), the first permanent headquarters of the Ontario Association of Architects exists today as a two-storey commercial building. In addition, for a stint, the property at 50 Park Road in Midtown served as the offices of architecture, landscape architecture, and urban design firm DTAH.And those are just the first few chapters of its story. The next could see it intensified with a 31-storey purpose-built rental, proposed to be incorporated into the site through adaptive reuse. The planned tower comes courtesy of…
When you sell your home for more than what you paid for it, the difference is called equity. Ideally, that means you’ve made a profit. But do you need to pay capital gains tax in Canada on that profit? As a first-time home seller, it can be a confusing process. There’s a lot of new terminology when you buy or sell your first home, but Zoocasa has broken it down for you so that you know what to expect. To understand who needs to pay capital gains tax in Canada, it helps to know what it is, how it’s calculated,…
The housing slump that’s jarred market stakeholders over the past three years is often compared to that of the 1990s in its pattern and severity, but in the Greater Toronto Area’s (GTA) new home market specifically, it seems conditions are now even a cut below that famous downturn. The Building Industry and Land Development Association (BILD) said Wednesday that GTA new home sales “remain exceedingly low, eclipsing the 1990s downturn, with July sales remaining at low levels not seen in decades.”According to the BILD’s latest set of figures, there were just 359 new home transactions recorded in July, marking a…
There’s a reason Calgary and Edmonton keep drawing people in. Affordable homes, thriving job markets, low taxes, and more sunshine than you’d expect. It’s no wonder Alberta’s biggest cities have become top choices for young professionals and families. Add in the fact that Alberta has the youngest population in the country (with the province’s median age 38.4), and both cities feel built for people ready to start planting roots. Renters in Alberta also have more breathing room than most Canadians. Compared to the national average of $2,121, Calgary renters spend approximately $1,689 for a one-bedroom unit, while in Edmonton, the…
Niagara Falls, Sault Ste. Marie, ON – Revel Realty, an independent real estate brokerage with headquarters based in Niagara Falls, Ont., is excited to announce that high-performing real estate agents, Ali Irwin and Kirsten Bursche, will lead REVEL’s expansion into Sault Ste. Marie, Ont. In doing so, Ali and Kirsten will introduce REVEL’S brand presence into an area that is already strongly connected to REVEL’s presence in Sudbury, Espanola/Manitoulin, Timmins and North Bay. About Ali and Kirsten Born and raised in Sault Ste. Marie, Ali Irwin joins REVEL with a deep-rooted love for her community and the people…
On Tuesday, the Government of British Columbia announced that it will again be tying the annual rent increase cap to inflation, resulting in a maximum allowable rent increase of 2.3% in 2026.”B.C. is an extraordinary place, but with economic uncertainty and rising costs, people are struggling to find a place to live that fits in their budget,” said Minister of Housing and Municipal Affairs Christine Boyle, who was appointed to the position during this summer’s cabinet shuffle. “We’re continuing to cap rent increases, linking them to inflation, to reduce housing costs for seniors, families and individuals, protecting them from unfair…
A Zonix Group development site has hit the market for an unlisted price, offering developers the opportunity to erect a high-density, transit-oriented residential development at the border of Toronto and Markham. The sale of the site is being represented by Jeremiah Shamess and Matthew Soper of Private Capital Investment Group at Colliers and it currently has approvals in place for a 40- and 44-storey complex set to deliver 1,060 residential units, and potentially more.Located at 36-48 Steeles Avenue East and 37-49 Highland Park Boulevard, the site spans 2.3 acres and is bounded by Steeles Avenue in the south, Dudley Avenue…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Economy Hits An Iceberg—Government Spending Soars It’s too early to use the R-word to describe the Canadian economy, but it seems inevitable. Real GDP contracted 0.4% (SAAR) in Q2, driven by falling exports, weak business investment, and a decline in non-residential construction. The contraction would have been even deeper if not for a rise in household and government consumption. Since the only growth was driven by dipping into savings and relying more on credit, the support seems unlikely to persist. Continue Reading… Canada’s Capital Flight Crisis:…
Calgary sits in the foothills of the Canadian Rockies, which means golden hours here are nothing short of spectacular. Whether you’re new to the town or looking for a perfect evening walk, you’ll find plenty of breathtaking spots to watch the day wind down. From ridges overlooking the downtown skyline to peaceful parks, here are the best places to catch a sunset in Calgary. Best Scenic Viewpoints in Calgary for Sunsets If you love the drama of the city skyline glowing under the evening sky, Calgary’s elevated parks and ridges offer postcard-worthy views. Scotsman’s Hill One of Calgary’s most iconic…