After a historically slow spring season, homebuyers have returned to markets across Canada in droves during the post-lockdown period, even within the luxury housing sector.

In Lytton Park, just north of the Yonge and Eglinton intersection, a Toronto developer has proposed a 127-unit residential development on a corner lot on Yonge Street.

The rise in prices seen in the final month of the summer was paired with an eye-popping 9,878 home sales, a pace that’s reminiscent of the market’s mid-2016 “hey-day.”

Located in the Lower Lonsdale community, the development would be situated adjacent to Anthem’s West Third Condominiums that was completed in 2019.

In May, CMHC President Evan Siddall made waves when he testified before the House of Commons Finance Committee that he expected national average home prices to fall between 9 percent and 18 percent over the next 12 months.

A widely watched home price index tracking the Canadian housing market is firming up after posting weak results through June and July.

If the current rate of sales holds, September 2020 will look awfully similar to the soaring heights seen in the Vancouver market in spring 2017, before policy shifts at multiple levels of government put a damper on market activity.

In Victoria’s Inner Harbour, a historic landmark is being transformed into one of the city’s most exclusive collections of waterfront residences.

A commercial plaza in Scarborough’s Tam O’Shanter-Sullivan community could be overhauled into a new condo development.

“A rising tide lifts all boats” may still be an apt description of Canada’s housing market, but right now suburban detached homes are looking like cruise ships while urban condos are looking more like dinghies.

The Prestige Condos at Pinnacle One Yonge is the first residential tower and is now under construction.

“Despite some record monthly highs and lows this year, with eight months now in the books and activity showing signs of moderating in September, 2020 is looking like it will go down as a fairly middling year overall,” said CREA Senior Economist Shaun Cathcart.

Earlier this month, a rezoning application was submitted to city planners to construct a nine-storey, purpose-built rental building at 252 Parliament Street in Cabbagetown South that would house 71 units.

With mortgage rates pushed to record lows due to the pandemic’s economic impact, Millennials are taking the opportunity to buy single-family suburban homes in the outer areas of the City of Toronto and surrounding GTA.

In the heart of Montreal’s bustling Quartier des spectacles, sales for an exciting new mixed-use community have officially launched.

Residents of E18HTEEN have a collection of five-star, condo-like amenities at their fingertips.