Author: homegoal.ca
On Wednesday morning, the Bank of Canada (BoC) announced they are keeping the policy rate steady at 2.75% for their July decision. This follows two consecutive holds from the Bank in April and June. The BoC has delivered a total of 225 basis points (bps) worth of cuts since June 2024 — more than any other global central bank — including half-point cuts in both October and December of last year. But today’s decision reflects ongoing caution amid persistent inflation, elevated uncertainty surrounding trade policy, and a still-cooling job market.In a statement, BoC Governor Tiff Macklem cited the fact that…
Toronto-based Allied Properties REIT (TSX: AP.UN) has reached an agreement to buy out Vancouver-based real estate developer Westbank from the M4 office building, which the two long-time partners currently co-own, according to a Q2 2025 report published by Allied on July 29.Completed earlier this year, the M4 office building is located at 108 East 5th Avenue in the Mount Pleasant neighbourhood and is a nine-storey building with 166,800 sq. ft of office space and 38,000 sq. ft of industrial and retail space. Clad in dark glass that creates a black sheen, the building features a unique design with cubic volumes…
Vancouver-based Chard Development has submitted a rezoning application for a site they acquired last year under receivership, according to a rezoning application provided to STOREYS that has yet to be published by The City of Vancouver.The subject site of the proposal is 1045 Haro Street in the West End of Vancouver, between Burrard Street and Thurlow Street, about one block away from Robson Square. The site is currently occupied by a seven-storey rental building with 160 units and a three-storey commercial building at 830-850 Thurlow Street. The two properties have been consolidated into a single legal parcel and BC Assessment…
Property remains one of the most popular ways Canadians build wealth. As of 2024–2025, roughly 66% of the population—approximately 10 million people—live in owner-occupied homes, according to recent census data. But when a property isn’t a primary residence, it falls under a different category: real estate investment. Property investors own nearly one in five homes in British Columbia, Nova Scotia, New Brunswick, and Ontario. With Ontario home to nearly 40% of the country’s population, the province provides a revealing lens into how investor activity impacts both rent and home prices. The Investor Effect: Rent Growth in Mid-Sized Markets Investors in…
Government at every level is realizing that if we want to solve the housing crisis, something’s got to give. In the City of Toronto, where the goal is to build 65,000 new rent-controlled homes by 2030 (not to mention, 285,000 new homes of all types over that timeframe), that realization is particularly salient.In the past 15 months alone, The City has introduced the Development Review division to improve the way applications for housing move from submission through to approval, and the Toronto Builds Policy Framework, which consolidates things like the affordability- and unit mix-requirements of programs like Housing Now, ModernTO,…
Buttonwood Property Management And Rental Services Is Pleased To Offer A Studio Condo With One Bathroom For Rent Located At 89 Church Street Toronto Ontario M5C 2G3 Brand New Never Lived In Bachelor/Studio Condo Unit For Rent With Breathtaking South-Facing Views Of Lake Ontario And The City Skyline. Condo Has Lots of Natural Light With Floor-To-Ceiling Windows, And Modern Finishes And Laminate Flooring. Kitchen Has Quartz Countertops. Big Walk-in Closet With Built-in Organizers. Building Amenities Include But Not Limited To: Gym Yoga Studio Sauna Co-working Lounge Party Room Games Room Rooftop Terrace With BBQs Concierge Core Downtown…
This week, Vancouver-based investment firm Pacific Reach and Toronto-based Dilawri Group announced that they had acquired the Ritz-Carlton in downtown Toronto, which they called “one of Canada’s most iconic and prestigious hotels.”Located at 181 Wellington Street W between David Pecaut Square and Simcoe Park, about one block away from CN Tower, the Ritz-Carlton Toronto was originally developed by Graywood and Cadillac Fairview, the real estate subsidiary of the Ontario Teachers’ Pension Plan. The Ritz-Carlton occupies the first 20 floors of the 53-storey tower and is home to 263 luxury hotel suites. The 33 floors above the hotel is home to…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian GDP Growth: Fictional Rent Fuels Over $1 In $10, More Than Oil Canada’s economy is still growing—but the quality of that growth is questionable. Over 1 in 10 dollars of real GDP growth in the past year came from imputed rents, the theoretical income homeowners earn by renting their homes to themselves. This inflation-prone, non-productive input is now a bigger contributor to GDP than major industries like oil & gas extraction, and its expanding role distorts the true picture of economic output. Continue Reading… Canadian Job…
Halifax is booming. Once a modest coastal city, it’s now one of Canada’s fastest-growing urban centres, and the Halifax population surge is reshaping the real estate market. With more newcomers arriving every year, from across Canada and around the globe, the demand for housing has skyrocketed. If you’re thinking about investing in Halifax in 2025, understanding how population growth is influencing the housing market is more important than ever. What’s Driving Halifax’s Population Growth? Photo: Tourism Nova Scotia According to Statistics Canada, Halifax welcomed over 10,114 immigrants in 2023/2024 — more than double the 4,503 recorded in 2015/2016. That doesn’t…
Vancouver-based real estate developer Anthem Properties has submitted a rezoning application for the next phases of its sprawling Georgetown master-planned community in Surrey.Georgetown is set for 14.4 acres on the eastern side of King George Boulevard and northern side of 102 Avenue, just one block east from the Expo Line SkyTrain’s Surrey Central Station. The master-planned community was originally 10 acres before Anthem acquired 4.4 acres on the eastern side of Whalley Boulevard in 2018. So far, only the 30-storey Georgetown One — at 13685 102 Avenue (purple, in the map below) — has been completed. Anthem tells STOREYS that…