Author: homegoal.ca

Political uncertainty in the United States is prompting many Canadians to sell their homes south of the border, according to a new Royal LePage survey. The survey, conducted by Burson, found that more than half (54 per cent) of Canadians who own residential property in the U.S. plan to sell within the next year. Of those, nearly two-thirds (62 per cent) cited concerns about the current U.S. administration as their main reason. “The polarizing political climate in the United States is prompting many Canadians to reconsider how and where they spend their time and money,” said Phil Soper, president and…

An eye-catching new condo tower has been proposed for a North York site that has a development history going back to the late 1990s, but has long sat vacant. The latest plans filed on behalf of a numbered company — 1000967286 Ontario Ltd. — call for the land to be intensified with a 35-storey building.The site was first eyed for development over 25 years ago, when the formerly larger parcel containing a 17-storey apartment was split in two, making the vacant lands to the east their own separate lot with the goal of developing an 11-storey residential building on the…

Canada is bleeding capital at the fastest rate since the Financial Crisis. Statistics Canada’s (Stat Can) latest data shows foreign investors pulled billions from the country in Q2, with domestic investors joining the exodus. This goes beyond tariffs—the sheer scale and pace of outflows point to deeper structural cracks and fading confidence in the country’s future. Canada Hasn’t Seen Foreign Capital Flight At This Pace Since The Financial Crisis Canada’s global investment appeal suffered its biggest setback since the Financial Crisis. Foreign investors sold off $16.8B in Canadian securities in Q2—the largest divestment since Q4 2007. The pullback was primarily…

Decorating a rental can be tricky. You want to make it feel like home, but strict lease rules often stand in the way. From “no painting” to “no nails,” the restrictions can feel limiting. However, it’s absolutely possible to decorate your rental property in creative ways without risking your deposit. Here are some common lease agreement restrictions, renter-friendly updates, and decorating ideas. You’ll learn how to personalize your space while staying on good terms with your landlord. Understand Your Lease Before You Decorate  Before diving into décor, it’s important to know what your lease allows. Many agreements include clauses that prevent…

In real estate, we usually leave government advocacy to our industry associations, like the Ontario Real Estate Association (OREA) or the Canadian Real Estate Association (CREA). They are well-equipped to represent Realtors on the big policy issues that affect housing markets. But every now and then, a government program hits our business model so directly, and so unfairly, that we have no choice but to speak out. Ontario’s Blue Box Regulation, under the Resource Recovery and Circular Economy Act (RRCEA), is one of those programs. Re/Max Canada supports environmental stewardship and the goal of a modern, efficient recycling system. We…

A string of commercial properties along Eglinton Avenue West in the Forest Hill neighbourhood of Toronto has sold after being on the market for around nine months. This is according to a transaction announcement provided to STOREYS by TD Cornerstone Realty Inc., the firm that brokered the sale. The block of buildings at 453, 465, 481, 483, and 491 Eglinton Avenue West was offloaded to Skye Capital Partners Ltd. for a collective $20,850,000.Records obtained from Altus Group show that 453 Eglinton Avenue West was sold for $4,750,000 (at a rate of $634 per sq. ft), 465 and 481 Eglinton Avenue…

For over 65,000 people across British Columbia, manufactured home parks (commonly called mobile home parks or trailer parks) represent one of the last paths to affordable homeownership.  In smaller and more rural communities, these home parks can account for as much as one-tenth of the local housing supply. But, despite their importance in the housing mix, a little-known contractual issue between park managers and lenders has seen this vital housing option caught up in a bureaucratic stalemate that is currently unique to British Columbia.   Lenders in conflict with park managers   At the heart of the problem is a…

Alternative real estate investment firm Harrison Street Asset Management would have been one of the few investors looking to buy seniors housing in 2021, during the maelstrom of the pandemic. At the time, demand was low as operational costs soared, governments opened and closed retirement facilities, and residents became disproportionately vulnerable to contracting COVID-19, driving occupancy rates down. But as Canada emerged from the pandemic, the narrative began to flip. The impending arrival of the nation’s long-anticipated “silver tsunami” amid low supply stemming from a lack of seniors housing development during COVID-19, alongside other tailwinds like rising occupancy and declining…

Remote work may be billed as the future of work, but in Canada it’s in retreat. Statistics Canada (Stat Can) data shows 790,000 fewer remote workers since 2022, while 1.5 million more became daily commuters. Policymakers have driven the shift to prop up big-city downtowns—leaving households to pay the price in both time and money.  Canadian Remote Work In Retreat: 790k Fewer Flexible Workers Canadian workers by usual place of work. In percentage points.  Source: Statistics Canada; Better Dwelling.  Canadian remote work fell sharply—not just as a share, but in terms of actual headcount. Just 17.4% of workers were remote…

Most college students spend their first year living on campus, but the big question comes after: where should they live during the next three years? While renting an off-campus apartment is the traditional choice, in some college towns, buying a condo can actually be the more cost-effective option. For parents with the means to help, buying a condo for your child may set them up for financial success early in life. But you’ll need to weigh the pros and cons of renting versus buying. Fortunately, Zoocasa has already crunched the numbers for you.   Zoocasa compared the cost of renting a…