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New life for old Toronto church: Brunswick Lofts a missing-middle infill

1 week ago

New life for old church: Brunswick Lofts missing-middle infill

A 19th century building in Toronto that has hosted a church, a synagogue, an art school and more recently an office will soon be home to seven distinctive infill condos.

Toronto OKs incentives for developers to build rentals

Toronto city council has approved a plan to support the building of 20,000 new rental homes in the city. The plan would see the city offer monetary incentives to private developers to build rental housing.

T.O. policy could allow 11-storey buildings on busier streets

A new policy that would allow midrise buildings of up to 11 storeys along some of Toronto’s busier avenues is headed to council this week, aiming to create more uniform rules across some of the city’s most bustling streets.

Canadian homebuilder sentiment slumps in Q3

Builder sentiment across the country continued to decline in Q3, according to the results of the Canadian Home Builders’ Association 2024 Q3 Housing Market Index, with Ontario and British Columbia in particularly dire circumstances.

Will GTA real estate market lose steam this winter?

Momentum from October’s revival in the Greater Toronto Area (GTA) real estate market has carried into November, industry players say. Whether that energy stays strong or winds down along with the year remains to be seen

Shovel-ready Port Credit development site for sale

BTG Realty Advisors Inc. has listed for sale 128 Lakeshore Rd. E., a prime shovel-ready development site prominently located in the heart of the affluent and picturesque Port Credit neighbourhood in Mississauga.

Sponsored by: BTG Realty Advisors Inc.

T.O. townhome project in receivership listed by Colliers

A Toronto development site recently listed by Colliers for an unspecified price boasts 19,226 square feet of redevelopment land for a four-storey townhouse development featuring 25 units and a gross floor area of 29,582 square feet.

This company has a plan for made-in-the-N.W.T. homes

In Fort Good Hope, N.W.T., work is underway on a modular home construction centre, being built by Ne'Rahten Developments Ltd., that local leaders say will help the community meet housing and employment goals. 

Canadian banks could face 'mortgage war': RBC analysts

A “mortgage war” could be on the horizon as interest rates decline, since over half of all mortgages with Canadian banks are up for renewal over the next two fiscal years, Royal Bank of Canada (RY-T) analysts say.

Fixed mortgage rates may not follow BoC cuts: expert

While plenty of consumers believe the Bank of Canada’s (BoC) steady interest rate cuts will drop mortgage rates meaningfully across the board, former TD economist Don Drummond isn’t so sure that prediction applies to fixed-rate mortgages.

Vancouver expects to exceed five-year housing targets

COLUMN: Vancouver has fallen short in the first year of its provincially mandated housing targets, but city staff expect a “strong development pipeline” will help it exceed the five-year goal. The toughest nut to crack, though, continues to be affordability.

Ottawa home sales steady despite slow season ahead: OREB

October home sales were higher than September and continue to slowly tick upward, according to the latest numbers from the Ottawa Real Estate Board (OREB). 1,179 units were sold last month, an increase over the 1,047 sold in September. 

Homeownership a 'luxury' for most Canadians: survey

A new survey from Habitat for Humanity Canada paints a concerning picture of the housing crisis in Canada, with 84 per cent of Canadians now viewing homeownership as a luxury.

Immigration cuts ‘golden opportunity’ to increase housing

Canada is slashing the number of immigrants it welcomes into the country and experts believe it could significantly reduce demand in the country’s housing market. RBC's chief assistant economist notes the reduction will help to narrow Canada’s housing gap.

The best buyers' markets in Canadian real estate — for now

If you're looking to buy a home in Toronto, now might be the time, according to a new study — but don’t wait too long. According to Zoocasa, Canada’s largest city has the lowest sales-to-new listings ratio among the country’s major centres.

Realtor numbers drop at Canada’s largest real estate board

According to e-mails obtained by The Globe and Mail, the Toronto Regional Real Estate Board (TRREB) claimed new data-sharing products cut into the number of realtors who held dual-memberships to access TRREB data as well as their own local market information.

Quebec flood map sparks concerns for real estate market

The Quebec Professional Association of Real Estate Brokers says the province's new flood zone affects 77,000 properties, potentially impacting property values, complicating insurance coverage and destabilizing the market. The new flood zone now covers 55,000 additional properties.  

Ontario attainable housing program stalled

Two years after the Ontario government tasked one of its agencies with offering strategic advice on an attainable housing program to quickly build new units on government land, the policy remains dormant.

Toronto play ‘The Bidding War’ taps into city’s real estate anxiety

The Bidding War takes on Toronto’s housing crisis with a story set during a frantic, one-day bidding war over the city’s last affordable home. As the clock runs out, the fight for ownership devolves into chaos.

U.S. mortgage rates rise again

The U.S. contract rate on a 30-year fixed mortgage rose five basis points to 6.86 per cent in the week ended Nov. 8, the highest since July, according to Mortgage Bankers Association data issued Wednesday.

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