Author: homegoal.ca

A report released Wednesday finds that the GTA is on track to amass a roughly 235,000-unit deficit in purpose-built rental (PBR) housing supply over the next 10 years, made up of the current and projected shortfall in units. Using comparative pro forma analysis, the report also shows how far targeted policy changes can go towards making projects more viable moving forward. The report was assembled by the Building Industry and Land Development Association (BILD) in conjunction with real estate consulting firm Urbanation and cost consulting company Finnegan Marshall, and it shares sobering insights into current PBR housing needs in the…

Homeownership is becoming more expensive, and it’s not just because home prices are rising. Mortgage payments are one of the largest costs of owning a home, and with today’s higher interest rates, average monthly payments are far above where they were a decade ago. Over the last ten years, the average monthly mortgage payment in every major U.S. city has at least doubled, while average annual incomes have grown at a much slower pace. The result is tighter budgets for families and longer timelines for first-time buyers trying to save enough to purchase a home. Zoocasa analyzed median single-family home…

Home sales were strong across the country last month, but that hasn’t stopped prices from sliding in Canada’s least affordable markets. According to the latest Teranet-National Bank Composite Index, prices fell by 0.8 per cent from June to July, the sixth consecutive monthly decline. Prices have fallen by five per cent since January.  “This comes against a backdrop where the resale market continues to be particularly weak, due in particular to the uncertainty surrounding the trade war with the United States,” said National Bank economist Daren King.  Although the number of transactions on the resale market has risen over the…

Source: Statistics Canada The New Housing Price Index (NHPI) is a monthly measure from Statistics Canada that tracks price changes for newly built ground-oriented homes, including single-family, semi-detached, and row houses. It reflects the selling prices builders charge for comparable units over time, excluding condos and resale properties. By holding home specifications constant, the NHPI isolates real price movement driven by market forces such as construction costs, labour, and land value. The NHPI offers insight into how the cost of newly built homes changes over time, indicating pressures in construction input costs (materials, labour), lot availability, and developer pricing behaviour.…

Downtown Edmonton hosts thousands of post-secondary students, so to support their success as well as the revitalization of the downtown core, the City of Edmonton is introducing a new Downtown Student Housing Incentive program. It’s the first program of its kind in Canada, according to the City.”The Program has two main priorities: increasing downtown revitalization and off-campus student housing,” said City staff in a Council report. “Projects will be prioritized for funding based on alignment with the program priorities and objectives, as well as how well projects meet the program criteria.”The Downtown Student Housing Incentive is a straightforward program that…

Canadian headline inflation came down sharply but that doesn’t tell the full story. Statistics Canada data shows the headline consumer price index (CPI) climbed 1.7% year-over-year (YoY) in July, down from 1.9% in June. The deceleration was almost entirely due to gas prices, leading to a modeling skew. A deeper dive into the numbers reveals grocery and shelter costs are hitting budgets harder, and the central bank’s preferred inflation measures remain alarmingly elevated.  Canadian Headline Inflation Slowed, But It Was Just Gas  Canada’s headline CPI deceleration is almost entirely a story about gasoline prices. Headline annual growth was 1.7% in…

When choosing a place to live, convenience is often a top priority. For many, this means being within walking distance of restaurants, shops, and cafes.  So, where can you find the most walkable U.S. cities? Let’s explore how walkability shapes lifestyle and real estate choices, what the Walk Score is all about, and which cities and neighborhoods rank highest in the country for life on foot. What Is Walkability and Why Does It Matter?  Walkability measures how easy and enjoyable it is to run daily errands, commute, or find entertainment without relying on a car. Walk Score is a tool…

As Mississauga-based iPro Realty. Ltd. shuttered its 17 branches on Tuesday after being found to have mishandled millions of dollars, Real Estate Council of Ontario issued an update to address some of the many questions stemming from the shocking events affecting 2,400 agents.  The closure follows the discovery of a $10.5-million shortfall in the company’s consumer deposit and commission trust accounts during a scheduled inspection. The amount has since declined to less than $8 million. “This is a serious breach of iPro’s responsibilities under the law and to its consumers and agents. RECO’s approach has been to recover the greatest…

Uptown Waterloo stands out for its balance of energy and livability. Home to a dense network of tech companies, two major universities, and a strong mix of industries, ranging from financial services to healthcare and advanced manufacturing, it is a city shaped by talent, innovation, and continuous growth. The city also offers walkable streets, a mix of independent shops and restaurants, strong public transit, and a surprising amount of green space. Trails, parks, and conservation areas are easily accessible, enhancing daily lives. This makes Waterloo appealing not only to professionals and students looking for proximity to the universities and employers,…

Plans recently submitted to the City of Toronto aim to redevelop a Scarborough medical building with a 15-, 36-, and 40-storey mixed-use complex that would deliver over 1,300 new condo units and 20,212 sq. ft of retail space. The Zoning By-law Amendment (ZBA) application was filed in late July by 2031740 Ontario Inc., a numbered company represented in planning materials by an individual named Hagop Boyrazian.The site spans 2.74 acres and sits at 2130 Lawrence Avenue East on the north side of Lawrence, just west of Birchmount Road and in the Wexford/Maryvale neighbourhood. If approved, the site would be transformed…