Author: homegoal.ca

Harvey Kalles, the Founder and Chief Executive Officer of Harvey Kalles Real Estate Ltd., passed away on Wednesday, July 9, according to both a funeral notice posted by Benjamin’s Park Memorial Chapel. An Instagram post from his brokerage confirmed the news later this evening. “It is with profound sadness that we announce the passing of Harvey Kalles, who passed away peacefully on July 9, 2025, surrounded by his beloved family,” said the chapel.”Harvey shared 66 extraordinary years of marriage with the love of his life, Elise, whom he affectionately called his ‘little woman.’ Their deep bond and unwavering devotion to…

Toronto real estate is finding out it’s not invincible, after all. New Equifax data reveals Toronto CMA’s mortgage delinquency rate surged in Q1 2025. While rising delinquencies are a national story, this is very different from the normalization seen in other Canadian markets. Over the past few years, Toronto’s delinquency rate has more than tripled and reached a multi-decade high.  Canadian Mortgage Delinquencies We won’t bore you with a full explanation since we just did it yesterday, but we will quickly gloss over the major points worth remembering:   Mortgage delinquency rate: the share of total mortgages that are at least…

When warm weather finally arrives in Canada, we want to soak up every second, and that often means spending more time outside. Whether you’re planning to lounge, dine, or entertain outdoors, a well-furnished patio, balcony, or backyard can transform how your space feels and functions. Here’s how to choose outdoor furniture that reflects your style, stands up to the elements, and turns your outdoor area into a true extension of your home. Table of contents Start with style Define the function of your space Choose weather-resistant materials Consider a gazebo Winter storage tips Budget-friendly ideas Final thoughts Start with style…

Rental supply has been rising across Canada, putting downward pressure on advertised rents in cities most vulnerable to the “headwinds” brought on by sluggish migration and a slowing labour market, according to a new report by Canada Mortgage and Housing Corporation. CMHC’s 2025 Mid-Year Rental Market Update, released Tuesday, shows elevated supply is contributing to lower advertised rents in cities like Calgary, Toronto, Vancouver, and Halifax, where prices in Q1 declined from 2024.  Halifax saw the biggest drop, as the average asking price of two-bedroom condo apartment rentals dropped 8.3% year-over-year.  In Vancouver and Halifax, prices were down nearly 5…

The Ontario Superior Court of Justice has granted a receivership order over a series of development land parcels in North York, the likes of which were set to accommodate a 10-storey mid-rise and a 32-storey flatiron tower with a shared six- to eight-storey base. The June 18 appointment order stems from an application made in April, which refers to around two dozen entities as the collective “lender,” and an indebtedness of around $28,450,456 as of March 31, 2025, “with interest, legal fees and disbursements continuing to accrue.” According to the application, the debtor is Grmada Holdings Inc., an Ontario corporation…

Canadian mortgage delinquencies continued to rise sharply in Q1 2025, according to Equifax. While the rate remains historically low, it’s climbing fast. The trend was driven largely by Toronto, where delinquencies have hit one of the highest levels in decades, even as other major markets remain well below the national average.  Canadian Mortgage Delinquencies  A delinquent mortgage is a home loan that’s been caught smoking behind the school or engaged in things like minor shoplifting of a candy bar, etc.—you know? A delinquent. Just checking if you’re paying attention.  A delinquent mortgage in Canada is generally considered 90+ days past…

If you bought a home in 2015, you probably scored a much lower mortgage payment than today’s buyers. Interest rates had been declining from a high of 3.38% in October 2013, falling to 2.43% by June 2015. Compared to today’s rates, which sit above 3.8%, the rates in 2015 were hard to beat. Those low interest rates, coupled with lower average home prices, make 2015 average mortgage payments nearly half of what they are now. In some cities, mortgage payments have increased by as much as triple over the last decade. As income growth has crawled in comparison, 2025 homebuyers…

Hungry buyers chasing low inventory created a perfect storm for record-breaking home prices in Saskatchewan in June.  The provincial benchmark price hit an all-time high of $370,700 last month, 8 per cent higher than June 2024. “We’re seeing record price growth for a second consecutive month – as high as 16 per cent year-over-year in some markets – which speaks to the supply and demand challenges we’re experiencing right now,” said Saskatchewan Realtors Association CEO Chris Guérette. “Despite these challenges, we’re encouraged by consecutive months of strong housing start figures and remain hopeful that supply relief is on the way.”…

The Burnaby Lake Village master-planned project has officially exited creditor protection, according to filings in the Supreme Court of British Columbia, resolving a conflict between the two local developers that partnered on the project. Burnaby Lake Village is set for the 19-acre property at 6800 Lougheed Highway in Burnaby, directly adjacent to the Millennium Line SkyTrain’s Sperling-Burnaby Lake Station, where Peterson and Create Properties were planning nearly 6,000 new homes across 14 mixed-use buildings between the heights of 12 and 25 storeys.The partners — who owned the property through 1112849 BC Ltd. and Sperling Limited Partnership — had received final…

Greater Vancouver real estate went from some of the world’s most coveted to historically weak demand in just a few years. REBGV data shows prices fell in June, as demand fell to the second weakest level in the past 25 years. At the same time, the region’s notoriously scarce inventory is no more—there are now the most listings since the Bank of Canada (BoC) suggested it was a bubble.   Greater Vancouver Real Estate Prices Fell But Remain Lofty  Greater Vancouver real estate prices: composite benchmark.  Source: REBGV; CREA; Better Dwelling. Greater Vancouver real estate prices slipped lower last month. The…