Author: homegoal.ca

While the saga of Coromandel Properties’ insolvency continues to play out, its former partners are moving onwards and upwards. Literally. In March 2022, Nicola Wealth Real Estate — the real estate division of Vancouver-based investment management firm Nicola Wealth — announced a partnership with Coromandel Properties on two projects in Vancouver, both located along W 41st Avenue near the intersection with Cambie Street and the Canada Line SkyTrain’s Oakridge-41st Avenue Station.Less than a year later, in February 2023, Coromandel Properties filed for creditor protection while carrying over $700 million of debt and one of the first pieces of business that…

Canadian home prices were flat in July as single-family properties began showing signs of weakness, joining the broader housing market slowdown, according to the latest RPS-Wahi House Price Index. The index released Monday by Wahi, a Canadian real estate platform, and Real Property Solutions, a property valuation service provider, showed the condo slump in Toronto and Vancouver is getting worse, and a softening in the single-family segment is emerging. “Since the Canadian housing market began falling from its peak in 2022, prices for single-family homes have generally held up better than for condos,” said RPS-Wahi economist Ryan McLaughlin. “While this…

While Primaris REIT, Morguard, and several other of Canada’s largest mall owners are trying to fend off a forced takeover of their Hudson’s Bay spaces, RioCan REIT (TSX: REI.UN) is occupied with separating themselves from their joint venture with Hudson’s Bay and a picture of what that separation will look like is now coming into view. The joint venture between RioCan and Hudson’s Bay was formed in 2015 with each partner contributing some of their real estate assets. Hudson’s Bay contributed 10 properties — five it owned via freehold (inclusive of the land) and five it owned via leasehold (not…

When most people think of Canada, they imagine long, snowy winters, but that reality isn’t completely accurate. Some regions offer surprisingly mild winters and warm, sunny summers. According to Canadim, Victoria, British Columbia, stands out as the warmest city in Canada—a coastal gem that enjoys some of the most comfortable weather in the country. Let’s explore why British Columbia has such a unique climate, which cities enjoy the best weather in Canada, and where you’ll find the hottest summer destinations. The Warmest Province in Canada: British Columbia British Columbia stands out as the warmest province in Canada thanks to its…

Canada’s housing market continued to show resilience in July, as new construction activity picked up across the country.  Canada Mortgage and Housing Corp. (CMHC) reported that the annual pace of housing starts rose four per cent compared with June, reaching a seasonally adjusted annual rate of 294,085 units, up from 283,523. Urban centres with populations of 10,000 or more accounted for an annual rate of 273,618 units, an increase of five per cent from June’s 261,171. Rural housing starts were estimated at 20,467 units.  On an actual basis, housing starts in July for larger centres totaled 23,464 units, up four…

It’s no secret that the Greater Toronto Hamilton Area (GTHA) condo market has seen better days, especially after the red-hot prices of the pre-2022 period. It’s characterized by an abundance of supply, decreased demand, lower prices, and a virtual halt in new project launches. New condo sales in the GTHA in Q2 2025 were down 69% year-over-year and a remarkable 91% below the 10-year average.Rapid interest rate hikes, though softened now, made mortgages more expensive, a slew of completed projects has created a surge in new supply, and higher carrying costs have resulted in a pullback from investors. But all…

When Charles Darwin stepped onto the Galapagos, he didn’t just tally different birds. He studied variation and selection over time.  Finches with thick beaks cracked seeds none of their cousins could touch; slim beaks reached nectar that others couldn’t access. The insight wasn’t that birds grew bigger or tried harder. It was that form and function changed together; a new trait for a new reality.  That is evolution. But if those birds were boards, Darwin’s experience would have been very different. He’d find lots of motion: new logos, fresh committees, tech programs, even mergers. That’s growth, getting bigger, and adaptation,…

In one of Toronto’s most coveted pockets, nestled between the cultural buzz of Little Italy and the lush serenity of Trinity Bellwoods Park, sits a home that redefines luxury living with a worldly sensibility.72 Montrose Avenue is not just another custom rebuild. It’s the culmination of a homeowner–builder couple’s extensive travels abroad, where inspiration was drawn from Europe and Asia alike, and was then carefully translated into every square inch of the residence. The result is a singularly unique property — one that feels sophisticated and cosmopolitan, and yet rooted in its locale.Across more than 3,500 sq. ft of finished…

Canadian mortgage borrowing is suddenly surging, despite tepid home sales. Bank of Canada (BoC) data reveals uninsured mortgage originations rose to the second-highest June on record. Rapid credit growth typically signals rising confidence, but this spike likely reflects completions from the pre-construction boom during the pandemic-era low-rate frenzy. With near-record housing under construction, originations are poised to climb even further.  Canadian Mortgage Originations Surge 27%, Second-Biggest June On Record Canadian uninsured mortgage originations for June. In billions of Canadian dollars.  Source: Bank of Canada; Better Dwelling.  Canadian uninsured mortgage borrowing is picking up at a fast pace. Mortgage originations jumped…

The fallout of the iPro Realty Ltd. continues as the Real Estate Council of Ontario confirms registrar Joseph Richer is out of the organization. In a statement to Real Estate Magazine, RECO CEO Brenda Buchanan said: “With the support of RECO’s board of directors, I have acted and effective August 22, 2025, Mr. Joseph Richer, the Registrar appointed under the Trust in Real Estate Services Act, 2002, has left RECO.” “RECO took action to protect consumers and agents when issues arose with iPro Realty Ltd. RECO’s priority is to ensure that Ontarians can have confidence in the agents and brokerages…