Author: homegoal.ca
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Economy Contracted Modestly. Can It Avoid Recession? The Canadian economy kicked off spring with an unexpected contraction, as monthly GDP fell 0.1% in April—below the market consensus for growth. An upward revision to the previous month’s data left output roughly in line with expectations. The mixed signals have experts split on whether Canada is heading for a recession, or if the slowdown is just enough to help it avoid that fate. Continue Reading… Canada’s Inflow of Millionaires Falls 70%, No Longer In The “Safe 8” Canada’s…
Renters’ insurance might not be required by law, but it’s one of the best investments you can make to protect yourself and your belongings. If you’re a first-time renter, you might be wondering: Do I need renters’ insurance? The answer is yes, especially if you care about your laptop, furniture, or even just having a place to stay if disaster strikes. For as little as $8 a month, renters’ insurance offers protection that can save you thousands. Here is a breakdown on what renters’ insurance covers, what it doesn’t, and why it’s a must-have before you sign that lease. What…
Yesterday evening, Toronto City Council voted to allow fiveplexes and sixplexes in the Toronto and East York District and a portion of Scarborough — a significant dilution of the originally recommended city-wide legalization. This latest move from the City puts in jeopardy $471 million in federal funding through the Housing Accelerator Fund (HAF).The Scarborough region included in the adoption is generally bound by Steeles Avenue to the north, Midland Avenue to the west, Highway 401 to the south, and Neilson Road and Rouge River to the east, where a sixplex pilot ushered forth by Ward 23 Councillor Jamaal Myers was…
Each month, REM shares the charitable works and good deeds of Realtors across Canada. Have something you’d like to share? Email your news to editor@realestatemagazine.ca, and don’t forget to include a photo! Calgary Dream Centre receives $1-million grant for women’s housing development The CREB Realtor Community Foundation has awarded a $1-million Legacy Grant to the Calgary Dream Centre to support the development of affordable housing for vulnerable women and mothers with children. The grant will fund Erlton House, a three-storey, 56-unit housing project that includes full amenities, communal gathering spaces, green areas and an outdoor play zone. Construction aims…
Construction has completed on the high-profile “stacked industrial” project in Vancouver known as Marine Landing, but STOREYS has learned that post-completion disputes over washroom requirements have created friction among buyers, the City, and the developer.Marine Landing is a unique strata industrial and office development comprised of two buildings with industrial space on the lower levels and office space on the upper levels. The project is located at 8232 Manitoba Street, just south of SW Marine Drive and about a 10-minute walk away from Marine Drive Station.The project was developed by Vancouver-based developer Wesbild and Toronto-based private equity real estate firm…
Have you ever walked into your home and felt like the air was thick and sticky? You’ve likely experienced high indoor humidity. Learning how to reduce the humidity in your home is essential to your health, your home’s condition, and even your energy bills. Too much indoor moisture can cause mold and mildew, trigger allergies, and damage everything from your walls to your furniture. But with a few simple strategies, you can take control of your indoor air quality. Why Humidity Matters Humidity refers to the amount of moisture in the air. Indoors, high humidity can throw off the balance…
With annual population growth reaching three per cent in Toronto and Vancouver, three times the national average, governments in Canada’s two largest cities are investing heavily in transit, opening up traditionally undervalued urban and suburban areas. A recent report by ReMax looks at emerging neighbourhoods across the Greater Toronto and Vancouver areas, highlighting the compromises homebuyers are making to live there and the impact of new development on the area. Kingsley Ma, area vice president at ReMax, said new and emerging neighbourhoods have always been a way for consumers to buy into “hot pockets” or developing markets that are often…
We’re halfway through 2025 and so much has happened that has created so much uncertainty that the Calgary Real Estate Board (CREB) is now downgrading its forecast for the year, according to a market update published earlier this week.In January, the CREB published its forecast for the year, projecting that sales were expected to remain strong and exceed 26,000 units in 2025 — 20% higher than long-term trends. “While we anticipate stable sales levels overall, market dynamics will shift as rental rate adjustments and supply improvements influence different segments of the housing market,” said CREB Chief Economist Ann-Marie Lurie. “While…
Canada’s housing market may see a mild rebound in the second half of 2025, according to a report released Wednesday by TD Economics. The report, written by economist Rishi Sondhi, says home sales are expected to pick up after a slow start to the year. National home sales rose four per cent in May, following a small increase in April, suggesting some demand is returning. “Uncertainty remains elevated, and job markets are deteriorating,” the report says. “Even if sales levels improve, they are likely to remain subdued, particularly in B.C. and Ontario.” TD has slightly raised its forecast for average…
In an exciting move for the future growth of northwest Toronto, Woodbine Entertainment — owner of Woodbine Racetrack in Rexdale — has announced it is investing $170 million in a new Metrolinx GO Station at Woodbine Racetrack. Construction broke ground yesterday on the station, which will serve as the anchor to an expansive urban development planned for the surrounding lands.Also anchoring the development would be the iconic Woodbine Racetrack, home to Canada’s longest continuously run sporting event, the King’s Plate. “This is a once-in-a-generation opportunity to create something truly special for Toronto,” said Michael Copeland, CEO of Woodbine Entertainment in…