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Vesta takes luxury to suburban Calgary city, with Monarch condos

1 week ago

Vesta takes luxury to suburbs with Monarch condos

Langley, B.C.-based builder-developer Vesta Properties is bringing "luxury urban" low-rise housing to Airdrie, Alta., with Monarch condos, a project it is constructing in the Cooper’s Crossing community just outside Calgary.

'Mutually destructive trade war' halts B.C. housing recovery

The British Columbia Real Estate Association has unveiled its latest housing forecast, highlighting a cautious outlook for the province’s real estate market amid ongoing economic uncertainties tied to international trade tensions.

Mortgage market disrupted by rates, tariffs, election

With more than a million mortgages up for renewal this year in a country without the United States’ popular 30-year fixed option, many Canadian homeowners are facing the prospect of higher monthly payments due to higher interest rates.

Vancouver proposes major changes to housing policy

Vancouver is asking residents to consider a dramatic change in the kind of development that will be allowed in Downtown Eastside, one of Canada’s poorest neighbourhoods, proposing towers of up to 32 storeys and loosening restrictions on market housing.

In Ontario, selling at a loss becomes commonplace

Three years after the COVID-era real estate price bubble peaked, a quarter of homeowners who bought during the frenzy were still losing money if they sold in 2024, particularly in those communities just outside of the Greater Toronto Area.

Toronto’s hot neighbourhoods still attract over-asking bids

With the average home price in the Greater Toronto Area (GTA) down since last year, it's largely a buyer’s market. Three-quarters of GTA neighbourhoods are underbid, but there are still hot areas that tend to go above asking prices.

10 immediate housing actions for the new federal government

OPINION: As the dust settles with Prime Minister Mark Carney at the helm of a newly energized Liberal Party, here are 10 of the most-needed steps the Liberals can take, expanding their platform to a winning strategy on the ground.

B.C. lodge selling for a third the price of a Vancouver house

In Vancouver, $695,000 will get you a 1,000-square-foot East Vancouver townhouse. In the Nechako Reservoir area, it gets you a six-bedroom guest lodge, four cabins, a residence, a huge detached workshop and 10 acres of land.

Ontario mansion's asking price slashed by $3M

A six-bedroom, 10-bathroom mansion with over 10,000 square feet of living space in Caledon, Ont. just had its asking price slashed from $8 million to $5 million. The home sits on almost 10 acres of land.

How long will rent prices keep falling in the GTHA?

A rise in supply caused rent prices in the Greater Toronto and Hamilton Area (GTHA) to fall in Q1 compared to a year earlier, a new report has found. Prices are expected to continue softening through 2025.

Rent increases slow, housing costs still rising in Vancouver

The pace of rent increases in Metro Vancouver slowed last year compared with 2023 and the rental stock is growing, but there's a shortage of units for families and the social housing wait list is getting longer, a report shows.

B.C. rental property brokerage ordered to cease operations

The BC Financial Services Authority has suspended the licence of Menethil Properties Ltd.'s managing broker Tao (Terry) Gao, after the Crown agency found Gao had "abandoned his duties” at the company.

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