News

Downtown Toronto will soon welcome Ontario’s first-ever high-density, vertical school.

The cost of a new home in Canada showed little change in the final months of 2021, growing at the slowest pace in more than 18 months. Yet, prices are expected to keep inching up at least throughout the first half of 2022.

Read about affordability issues, luxury real estate trends, and potential investment markets in Livabl’s weekly roundup of Canadian housing news and trends.

A new condo proposal could lend easy access to two of the Sheppard-Yonge TTC stops in Bayview Village.

Typically, mega-tall high-rises are packed with hundreds of condos, but a recent building application near Yonge and Scollard streets is proposing only 79 units within its 61 floors.

Canada is welcoming immigrants at an accelerated rate, and it should have a significant impact on the labour market and housing demand, according to a new CIBC report.

The Kipling Transit Hub has been a draw for developers as of late.

At the conclusion of 2021, Canadian home prices grew more than 15 per cent annually, beating out the previous market peak that was established around six years ago.

Fuelled by sustained buyer demand, Calgary’s new multi-family home market closed out 2021 by recording its highest annual sales total since 2014, according to Zonda Urban.

A RE/MAX Canada report says sales of homes worth more than $3 million in Vancouver and Toronto increased by 75 per cent and 112 per cent respectively in the last year, while sales of homes more than $1 million in 17 other smaller cities increased by as much as 500 per cent.

Amid speculation about rising interest rates, a new study by the British Columbia Real Estate Association (BCREA) forecasts rate hikes will cause a decrease in home sales and pullback on price growth.

Earlier this month, news broke that a development application had been submitted for 45 The Esplanade, currently the location of Novotel Toronto Centre.

As Ontario grapples with rising real estate prices and chronically-low housing inventory, local government leaders convened to discuss potential solutions.

Several factors could pour cold water on the Canadian housing market in the year ahead, including rising interest rates and policy initiatives aimed at increasing affordability and curbing investor speculation.

Here’s a look at some of the project ideas that Republic Developments has put out there since December.

When it comes to home ownership in Canada, investors account for a chunk of mortgaged purchases, according to a new report by the Bank of Canada (BoC).