Author: homegoal.ca
It’s been just shy of six years since Choice Properties REIT made their intentions known for 985 Woodbine Avenue and 2078, 2086, 2100, 2102 and 2106 Danforth Avenue. Choice, the real estate arm of George Weston Limited, first filed plans for the 1.6-acre site in February of 2019, but at that time, they were after nine- and 15-storey buildings with a total of 402 residential units. The latest rendition of the plans up the ante on all counts, calling for a 10-storey residential building (along Strathmore Boulevard) and 35-storey mixed-use building (along Danforth Avenue), which would jointly contain just over…
With the meteoric rise in AI tools over the past couple of years, consumers are empowered to seek out answers where they would have otherwise needed a person’s help, and real estate is no exception to this disruption. It doesn’t help that stereotypes and misinformation around an agent’s role persist: are their contributions actually helpful, or just a money-grab? Todd Shyiak, executive vice president of CENTURY 21 Canada, says that while AI tools will inevitably influence the real estate industry, the trust and connection agents build with their clients isn’t going anywhere. “We know that having to adapt and change…
In the Collingwood countryside — AKA: one of Southern Ontario’s most beloved regions, known for its world-class ski resorts and proximity to Georgian Bay — sits a charming-yet-luxurious farmhouse that you must get acquainted with. While the home itself, a Georgian-style executive, exudes refined taste and personality, what sets it apart is the wealth of creature comforts, amenities, and features it offers. Off the top, some stand-out perks include an indoor squash court, a hot tub and spa room, multiple apple orchards, and much more. Perched on over 58 acres of land, and with five spacious bedrooms and a three-car…
Canadian real estate sales are returning to normal, but prices suffered another setback last month. Canadian Real Estate Association (CREA) data shows the price of a composite benchmark, or typical, home, fell in December. Despite demand returning and an ambitious start to 2024, the year closed out with losses doubling the rate seen a month prior. Optimism over growing prices is fading as the market’s fundamentals shift, and more uncertainty begins to appear in major markets. Canadian Real Estate Prices Slipped Last Month, Largely Moved Sideways Since 2021 The price of a typical home across Canada, a.k.a. the CREA composite…
As we begin 2025, it’s time to face up to our dire housing crisis and come up with serious fixes to the problem. Failure to do so will inevitably affect our economic well-being and lead to grim consequences. Like Captain James T. Kirk declared at the beginning of each Star Trek episode, it is time “to boldly go where no man has gone before.” This year will be pivotal for the new housing market. We are at an inflection point, staring into the abyss. In Ontario, the goal of building 1.5 new million homes by 2031 now seems but a…
The City of Toronto is set to consider plans for a 30-, 35-, 40-, and 45-storey mixed-use development that would deliver 1,819 residential units, including 342 affordable housing units, to Etobicoke, as well as a new public park, and extensive programming space for a number of non-profit operations. The ambitious plans are thanks to a non-profit partnership between Community Affordable Housing Solutions (CAHS) and Haven on The Queensway, a charity that provides supports to those in need. The two organizations have teamed up to redevelop a currently underutilized site owned by 572989 Ontario Inc., 1545 Queensway Inc., 1370443 Ontario Limited,…
Canadian real estate sales are picking up but prices haven’t budged, and they aren’t expected to in the near future. BMO Capital Markets believes the Great Canadian real estate stagnation may have just kicked off. Despite a sharp cut to interest rates and normalization of buyer volumes, prices are still moving sideways. Those expecting a rocket-like recovery are in for disappointment. The bank warns that prices remain too high, and the lack of affordability will throttle demand—even with falling interest rates. The Great Canadian Real Estate Stagnation Kicks Off The hype around falling interest rates have so far failed to…
Buying a home is a major life milestone, and for many, finding that perfect ‘dream home’ feels like the culmination of years of hard work and saving. But what happens when the home you fall in love with turns out to need more than just a fresh coat of paint? Let’s be real—you knew it was a fixer-upper when you signed the papers. But that doesn’t mean you should feel overwhelmed. This is your chance to roll up your sleeves and make your new home truly reflect your style and needs. With the right tools and a positive mindset, you…
As 2025 begins, there is greater optimism around the Canadian real estate market, as many experts forecast a rebound driven by lower borrowing costs, pent-up demand, and a more stable economic environment. The projections vary across sources, but most agree on a renewed upward trend in sales and home prices. Key Drivers of the 2025 Real Estate Outlook Lower interest rates are the linchpin of the anticipated recovery. BNN Bloomberg reports that the Bank of Canada’s easing monetary policy has already begun to stimulate the market. Phil Soper, president of Royal LePage, points to the Bank of Canada’s recent rate…
China-based real estate developer China Aoyuan Group (HKEX: 3883) has completed a series of sales that have amounted to a near-full exit from the Canadian market, STOREYS has learned. Across the past three years, China Aoyuan Group — operating as Aoyuan International and Aoyuan Canada, among other names — has sold its stake in two projects in British Columbia and two projects in Ontario, with three of the four transactions having not been previously reported.Those three transactions were pertaining to the last three projects listed on Aoyuan International’s website, which was online as recently as December 2024, but has since…