Tag Archives: Real Estate

A much-anticipated mixed-use tower set to scrape the sky over Yonge and Bloor has been placed into receivership. The development known as “The One” began construction in 2017, promising 85 stories of residential and commercial space, including a Hyatt hotel and a flagship Apple store. The slow pace of construction …

Before the days of bidding wars and bully offers, the real estate market used to be cyclical and fairly predictable. There was a spring market, which was typically the busiest time of year, and there was a fall market, where the action typically picked up following a quiet summer. However, …

The company that operates one of Canada’s largest networks of residential mortgage brokerage firms is under federal investigation amid allegations it has adopted anti-competitive business practices to thwart an emerging rival. The Competition Bureau is investigating Dominion Lending Centres Inc. (DLC), a company whose franchise network includes 7,981 brokers working in 10 provinces through 544 franchises. Collectively, DLC brokers helped Canadians get $140 billion in home loans in 2021 and 2022. In an interview, Dominion Lending …

All levels of government need to collaborate to get more housing built in Ontario, but that work also needs to include the post-secondary education sector, says a report published Thursday by a University of Ottawa-based think tank. The Smart Prosperity Institute report, says the provincial government’s goal of building 1.5 …

From local zoning to community consultations, there are plenty of ways cities are hitting the brakes on residential construction, even as Canada faces a significant housing shortage. According to the Canadian Home Builders’ Association, average municipal approval timelines for housing projects in 2022 spanned from three months to nearly three …

Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to slow much of the rest of the economy, could raise inflation and delay a shift by the central bank to interest rate cuts, analysts said. The housing market’s upturn comes after …

Home prices in Canada are set to rise this year, according to a new report. In its latest forecast released Thursday, Royal LePage adjusted its price forecast for 2023 given stronger-than-expected demand and limited supply. The brokerage now predicts that national home prices will rise 4.5 per cent year-over-year by …

A realtor is suggesting home sales in Hamilton are beginning to favour buyers this spring, despite the regional numbers still showing a seller’s market amid continuing high borrowing costs. Rob Golfi of Remax Escarpment Realty told 900 CHML’s Good Morning Hamilton the market appears to be “picking up” with the …

Title insurers need to be brought under anti-money laundering rules to fight against scam artists who impersonate homeowners to sell or mortgage their properties, a former insurance executive says. Tim Hyde, who spent years in the title insurance business in Ontario, said dozens of cases involving impersonators in Ontario and …

New analysis is shining some light on the “daunting” costs many Ontario homebuyers face in their first year of ownership, particularly in the Toronto area. Point2 Homes released new data on Thursday looking at upfront costs and annual recurring expenses, including closing costs, the down payment, mortgage, property tax and …