storeys.com ‘Issue of the Year’ is part of STOREYS' annual editorial year-end series. You can find the rest of our 2024 selections here as they're released throughout the week.Once hailed as ‘king,’ condos (in particular, new condos) in Canada...| Storeys
Urbanation's Q1-2025 Condominium Market Survey released today confirms what many already know: that Toronto's condo market continues to be in a free fall.The free fall began in the first half of 2024 and is largely the result of historically low demand driven by high interest rates and over supply (...| Storeys
We may be in the thick of a housing crisis, but there’s still a deluge of condo listings that are sitting, more or less untouched, on the Greater Toronto Area’s market. According to a figure provided to STOREYS by Urbanation President, Shaun Hildebrand, the GTA is currently grappling with almost 40,...| Storeys
We may now be three interest rate cuts in (with a fourth anticipated for next week), but rates have already left an indelible mark on the Greater Toronto and Hamilton Area’s new condominium market. In fact, over the past two years, 33 new condo projects that were actively selling have been converted...| Storeys
Understand receivership in Canadian real estate: when it’s used, how it works, and what it means for borrowers, lenders, and distressed assets.| Storeys
Despite constant calls to build, build, build and a recent boom in purpose-built rental (PBR) projects, the narrative is still the same: Ontario is not building rental units fast enough to meet rising demand."Without a significant improvement in the economic feasibility of building purpose-built ren...| STOREYS
At a press conference on July 22, Ontario Premier Doug Ford stood before a room full of reporters and told them, to scattered applause, that new homes would “pop up like mushrooms everywhere” if the Bank of Canada lowered interest rates. And he was fairly specific about it, saying that this supposed...| Storeys
Over the last twelve months, many industry professionals have shifted their focus from the embattled condo market to creating more purpose-built rentals.| STOREYS
New condo launches have been sparse in the Greater Toronto and Hamilton Area amid the higher interest rate environment. In fact, there was just one high-rise condo launch to speak of in the first few months of this year, which is atypical for the region. And it seems that things have gone from bad t...| STOREYS