Author: homegoal.ca
Greater Toronto Area-based developer Cando Apartments has filed plans to transform an under-utilized Central Scarborough lot into an infill development offering four new towers with heights of 49, 44, 31 and 17 storeys, alongside an existing 17-storey rental apartment building.The four new towers would be residential and mixed-use in nature and would deliver 1,339 new housing units across 1,265,835 sq. ft of residential area plus 7,728 sq. ft of retail space. Cando filed its plans for the transformative project in late June, which support Official Plan and Zoning By-Law Amendment applications to increase density and height limitations currently imposed on…
Canada’s oldest bank has a message for investors and policymakers: “kids are not alright.” BMO economists are warning investors that the youth unemployment among those aged 15 to 24 has been rising aggressively, and remains at recession levels in June. The issue isn’t that of job losses, but the population growing faster than the economy can add jobs over the past few years. Now with immigration restored in line with historical levels, things are moving in the right direction—but it will take a long time to reverse the recent damage. Canada’s Youth Unemployment Rate At Recession Levels Canada’s youth unemployment…
Brick has long been a staple of American home design. Its timeless appeal and durability make it a go-to for buyers and builders alike. But beyond the material itself, popular brick colors play a major role in shaping a home’s curb appeal. In fact, choosing the right shade can be just as impactful as picking the perfect floor plan. Here are some of the most popular brick colors on U.S. homes today. From classic red to soft greige and golden peach, you’ll discover how each tone contributes to design, trend, and texture. How to Identify Undertones in Brick Just like…
After a wave of rapid expansion, Canada’s condominium market is facing a dramatic reversal, as a glut of unsold inventory and a sharp retreat by investors have triggered a sector-wide slowdown. A report from the Canada Mortgage and Housing Corporation in June found that condominium apartment sales in Toronto have dropped 75 per cent from 2022 to the first quarter of 2025. In Vancouver, condo sales have dropped 37 per cent for the same period, according to the report. Condos built to invest in – not to live in Meanwhile, a report from data firm CoStar Group found that…
Dundarave stands out as one of West Vancouver’s most desirable neighbourhoods, not just for its setting, but for its balance of stability and access. Positioned where the North Shore mountains meet the ocean, it offers uninterrupted shoreline views, walkability, and a tight-knit commercial strip that has resisted the homogenization seen elsewhere. Marine Drive remains anchored by independent cafés, restaurants, and grocers, giving the area a distinct identity. Residents are drawn to the combination of quiet, low-density streets and direct access to both downtown Vancouver and the region’s top outdoor recreation destinations. Strict zoning regulations and a strong culture of neighbourhood…
Toronto’s real estate market has seen massive shifts over the last decade. From million-dollar milestones to market cool-downs, here are the big things you need to know if you’ve been watching (or wishing you’d bought in) since 2015. 1. Toronto home prices nearly doubled in 10 years In 2015, the average cost of buying a home in Toronto was $623,531. Fast forward to mid 2025, and that figure is projected to hover around $1.1 million, a staggering 77% surge over just a decade. Even with recent dips and market corrections, Toronto continues to hold its title as one of Canada’s…
There is a quiet revolution unfolding at the heart of Canada’s housing system — not on the skyline, but on the balance sheet of its most influential insurer, Canada Mortgage and Housing Corporation (CMHC).For decades, CMHC had been the invisible hand helping Canadians buy homes. It backed buyers, stabilized lenders, and injected liquidity into the market when confidence wavered. But as revealed in its 2024 annual report, that hand has shifted. Much like our European counterparts, who have seen decades of declining homeownership in favour of institutional rental housing development, CMHC has begun lifting a different pillar of the housing…
Nearly one hundred years ago, Toronto was supposed to get its own version of New York’s Rockefeller Center in the form of a 37-storey retail tower in the city’s core, set to be fitted with the Art Deco style that dominated the architectural world of the 1920s. But when the Great Depression hindered development, architects Ross & Macdonald’s vision was reduced to a seven-storey podium — until now.On Tuesday, GWL Realty Advisors (GWLRA) revealed plans to redevelop the historic building with a three-tower mixed-use complex that would preserve the existing building and deliver a “reimagined” public realm. The 96-, 75-,…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate How Canada’s Slowing Population Growth Is Fixing The Job Market Canada was warned that slowing population growth would hurt its economy—but it might be helping. Its rising unemployment rate wasn’t the result of job losses, but the inability for the market to create them fast enough. The balance of population growth to job creation is now much better, after returning to historical immigration targets, which were robust and manageable. A significant job deficit still remains, but policymakers are moving in the right direction. As long as they…
This article was written and submitted by Richard Witt, an architect and principal at BDP Quadrangle where he tries to fill every half empty glass.Niccolò Machiavelli famously said, “Never waste a good crisis” — a sentiment also often (though apocryphally) attributed to Winston Churchill. The core idea is the same: crises, for all their disruption, are also moments of immense opportunity. They strip away illusions, expose systemic flaws, and force us to re-evaluate long-held assumptions. And if there is any local crisis ripe for examination — and perhaps, transformation — it is the current state of the Toronto housing market.The…