Long-standing fraud allegations have finally come to a head for Wynn Realty Corporation. The Uxbridge-based brokerage was placed into receivership on October 25, more than two years after agents with the company reportedly swindled $1.9M in real estate deposits.Alongside Wynn, the receivership order...| Storeys
Learn what a closing date is in Canadian real estate, what happens on that day, and why it’s critical to a successful home purchase or sale.| Storeys
The site at 39 Newcastle Street is part of a series of Toronto-Area addresses that were placed under receivership in late-2023 as Vandyk Properties fell into severe financial distress.| Storeys
On the southwest corner of High Park Avenue and Annette Street — right on the border between the neighbourhoods of High Park and The Junction — it’s hard to miss the High Park Alhambra Church. For one, it’s a striking structure: more than a century old, built in Collegiate Gothic Revival style, and ...| Storeys
The Ontario courts have appointed a receiver over unsold units within a boutique condominium building in South Etobicoke. And the proceedings have a familiar name attached. According to court documents, the debtors are part of the once-illustrious Vandyk Group of Companies. Receivership proceedings ...| Storeys
The Vandyk name continues to crop up in Ontario court filings as receivers take next steps, ranging from wrapping up construction on projects that have been left in a lurch — like we saw with the Lakeview DXE Club project in Mississauga — to offloading them to the highest bidder, as was the case wit...| Storeys
In late November, President-elect Donald Trump took to X to share that, once sworn in on January 20, he would impose a 25% tariff on all imported goods from Mexico and, yes, Canada. Nearly two months later, Trump seems to be sticking to his guns, raising alarm amongst Canadian politicians.On January...| Storeys
For some Americans who have found themselves in an increasingly concerning and hostile political environment as the US presidential election ramps up, the only way out is through... that is, through the border and into Canada. According to data released Wednesday by Royal LePage, US-originated sessi...| Storeys
Of the buildings offering incentives, 39% offered free rent for one month, while 23% offered free rent for two months.| Storeys
The most recent data from the Building Industry and Land Development Association shows that new homes sales in the GTA remained low in September, representing "another slow month [...] despite three successive Bank of Canada rate cuts," said Edward Jegg, Research Manager with Altus Group.There were ...| Storeys
Average asking rent in Canada has grown by 4% annually over the last five years, while average annual wage growth has only been around 3%, indicating worsened affordability.| Storeys
Canadian rents continued to slide in June, with the most pronounced declines reported in BC and Alberta and in Canada's largest cities. Driving the decline is a combination of low immigration and over supply leading to higher vacancy rates and longer vacancy terms, under which landlords are beginnin...| Storeys
In exchange for investing in financial incentives to drive development, the City of Toronto has been allocated $2.55 billion in low-cost financing by the federal government to speed up the delivery of 4,831 rental homes, including a minimum of 1,075 affordable rental homes. The funding comes from th...| Storeys
Learn about mixed-use development in Canadian real estate: how it blends housing and commercial space and supports urban density and walkability.| Storeys
Explore master-planned communities in Canadian real estate — what they are, their features, and how they shape urban growth.| Storeys
Lev Living, a New York-based developer with offices in Toronto, recently submitted plans for a four-tower mixed-use development in North York that would deliver a substantial 2,386 residential units across 59, 53, 49, and 30 storeys. The application was filed in early-December and is currently u...| Storeys
A Site Plan Approval application for phase one of a massive co-op housing complex being developed through Toronto's Housing Now Initiative has been filed, bringing the project one step closer to fruition. The highly anticipated project proposes to deliver 306 non-profit market co-op units, 306 a...| Storeys
A 43-storey residential development has been proposed by The Wilby Developments Inc. that would naturalize 13,099 sq. ft of land and bring 407 residential units to the Humber Valley. Building plans were submitted in late-November and are currently under review. If approved, the development would...| Storeys
Plans for a Mount Pleasant development site have been revised for a third time, with 61 storeys and 896 new residential units now proposed, up from 35 storeys and 514 units. The mixed-use development comes from Reserve Properties and Westdale Properties, who submitted their plans to the City in ...| Storeys
In keeping with the ongoing efforts to turn the Port Lands neighbourhood of Toronto into a buzzing community and housing hub, Tepfam Holdings has filed plans for 280 Commissioners Street, at the northeast corner of Commissioners and Saulter Street South. Pending the City’s go-ahead, Tepfam is hoping...| Storeys
Planned to include just under 750 units, The Buckingham by Vandyk Properties was set for 23 Buckingham Street in Etobicoke and was placed under receivership in January 2024.| Storeys
Learn about occupancy rates in Canadian real estate — how they’re calculated, why they matter, and their role in property performance.| Storeys
Learn what insolvency means in Canadian real estate: how it’s defined, how it differs from bankruptcy, and what legal frameworks manage it.| Storeys
Learn what an Agreement of Purchase and Sale is in Canadian real estate. Understand how it works, what it includes, and why it's critical to any home transaction.| Storeys
On Tuesday, Vaughan Mayor Steven Del Duca and Members of Council approved substantial reductions in development charge rates in the name of encouraging development and building more homes for their growing population.Before the reductions, Vaughan had some of the highest development charges in the G...| Storeys
It’s estimated that up to 3,000 condominium units can be moved through the development review pipeline with the proposed development charges deferral.| Storeys
A report released Wednesday finds that the GTA is on track to amass a roughly 235,000-unit deficit in purpose-built rental (PBR) housing supply over the next 10 years, made up of the current and projected shortfall in units. Using comparative pro forma analysis, the report also shows how far targete...| Storeys
The gap between the growth in GTA housing stock and the region's population is the widest it has been in over 50 years, according to the Building Industry and Land Development Association's (BILD's) 2024 GTA Municipal Benchmarking Study.Back in 1972 — the year this data began being collected — the p...| 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
Learn about budgeting in Canadian real estate — how it supports property management, planning, and financial health.| Storeys
A new phase of the Trust in Real Estate Services Act (TRESA) came into effect on December 1, bringing with it a whole host of changes to the way Ontario's 96,000 real estate professionals will operate.Introduced by the provincial government in November, TRESA replaces the Real Estate and Business Br...| Storeys
Prior to today, Realtor.ca, Canada's largest multiple listings service platform, was a not-for-profit entity owned by the Canadian Real Estate Association (CREA). But at today's 2024 Special General Meeting, CREA members voted to transition Realtor.ca into a wholly owned taxable subsidiary of CREA.A...| Storeys
On Wednesday, the Ford Government voted down a bill that would have removed barriers for commercial-to-residential conversions in hopes of building more housing to assuage supply issues.The bill — Bill 102, The Commercial to Residential Conversion Act, 2024 — was tabled by Liberal MPP Karen McCrimmo...| Storeys
Kahlon discusses the suite of legislation that municipalities spent the past year implementing and what to expect from his ministry in 2025.| Storeys
This article was written and submitted by Rick Kedzior, 2024 President of the Ontario Real Estate Association (OREA), Canada’s largest provincial real estate association.As REALTORS®, we know all too well the challenges of buying or selling a home. With so much money on the line, consumers need the ...| Storeys
Learn about development charges in Canadian real estate — what they fund, who pays, and why they’re key in urban growth.| Storeys
Josan Properties will be converting the lower half of the office building into rental homes while retaining the top office floors.| Storeys
Learn about carrying costs in Canadian real estate — what they are, why they matter, and how they impact investment returns.| Storeys
Around 20 office buildings in Calgary have changed hands since January 2023, many of which are considering an office-to-residential conversion.| Storeys
All kinds of records were set in Calgary and Edmonton last year, as multi-family assets become a "safe haven" asset class.| Storeys
The Bow Valley Square office complex was acquired by Armco Alberta, subsidiary of George Armoyan's G2S2 Capital Inc.| Storeys
Learn about vacancy rates in Canadian real estate — what they are, how they’re calculated, and why they matter for landlords and investors.| Storeys
Explore urban planning in Canadian real estate — how it affects zoning, growth, development, and long-term investment strategy.| Storeys
Learn how property tax works in Canada, how it's calculated based on assessment values, and what services it supports in your community.| Storeys
Understand housing supply in Canadian real estate — how it's shaped, why shortages happen, and what it means for affordability and planning.| Storeys
The Housing Accelerator Fund announcement was made by Prime Minister Justin Trudeau, alongside Mayor of Edmonton Amarjeet Sohi.| Storeys
STOREYS covers the latest on the housing and real estate markets in Toronto, Vancouver, and the rest of Canada. Get all the latest real estate news from across the country.| Storeys
Most shopping centres, grocery stores, and pharmacies will remain open, but it's always a good idea to check with individual stores for their hours.| Storeys
Following court approval of the contract, the receivership proceedings for The One will shift to CCAA creditor protection proceedings.| Storeys
Multiple Mizrahi Developments Group projects have become embroiled in insolvency over the past couple of years, the most high-profile being the The One. Beyond that, the developer's projects in Yorkville and Vaughan have both been placed under receivership, and now, Mizrahi’s 12-storey, 93-unit ongo...| Storeys
The developer behind the sky-scraping, embattled tower rising at the corner of Toronto's Yonge and Bloor streets, The One, is being forced off of the project in favour of another construction manager.The tower, under construction since 2017 and set to be one of the tallest in Canada, was placed unde...| Storeys
Understand the CCAA in Canadian real estate and finance — how it supports large corporate restructurings, delays foreclosures, and manages insolvency risks.| Storeys
The 12-storey luxury condo development coming up in Westboro was started back in 2015 and is now in the final stages of construction.| Storeys
Marlin Spring Developments recently filed a Site Plan Control application for an Etobicoke development site it acquired in July 2024. The Site Plan follows a Zoning By-Law Amendment application submitted in November 2024 that calls for a 49-storey condo tower with over 500 new housing units. The ...| STOREYS
Plans have been filed with the City of Toronto to redevelop a South Eglinton-Davisville heritage building with a 45-storey mixed-use rental apartment building that would deliver 517 new housing units and retail at grade. The plans come from Toronto-based developer Graywood Developments, who submit...| STOREYS
Yet another purpose-built rental proposal has joined the collection of like applications currently being considered for approval by the City of Toronto after developer Oben Group submitted plans for a 14-storey, 147-rental unit development slated for South Parkdale. Plans were submitted in mid-M...| STOREYS
WestLine Condos will be an integral part of the Downsview transformation, offering residents so much more than simply a place to call home.| STOREYS
An urban community will take shape in the coming decades at the Downsview Airport Lands.| STOREYS
Explore what an official plan is in Canadian real estate, how it guides municipal growth, and why it’s essential for development and land use planning.| Storeys
Developer Oliver Webbe hadn’t realized the serious shortfall of seniors' housing until earlier this year, when his own parents-in-law could no longer live independently due to health issues.The Chief Executive Officer of Darwin Group says he and some of his friends are seeing parents in sudden need ...| STOREYS
The potential lawsuit is coming from Mappro Realty, the owner of an adjacent property, over the staging area being used for construction of The One.| STOREYS
The 1608-1616 W Georgia Street site in the West End of Vancouver was formerly home to a White Spot that was sold for $245 million in December 2017.| STOREYS
BC Premier David Eby announced his cabinet on Wednesday, including naming Ravi Kahlon as the new dedicated Minister of Housing.| STOREYS
The changes, if approved, would eliminate short-term rentals in primary residences and restrict those in non-primary residences to only certain areas of Kelowna.| STOREYS
This year, governments across British Columbia began aim at Airbnb and short-term rentals, in an effort to bring more units into the long-term rental market.| STOREYS
“If trade issues are solved or public policy choices help mitigate the impact of tariffs, home sales will likely increase.”| STOREYS
October brought a healthy 30% jump (year over year) in Canadian home sales, and November more or less followed suit. The latest statistics from the Canadian Real Estate Association (CREA), released Monday morning, show that actual, non-seasonally adjusted sales ended last month 26% above the year-ag...| STOREYS
CREA is now calling for 482,673 sales in 2025, which marks an 8.6% downward revision compared to the associations quarterly forecast from January.| STOREYS
After dipping in December, Canadian home sales continued to underperform in January. Meanwhile, listings unexpectedly jumped 11% — the biggest monthly increase since the late 1980s, outside of the pandemic.According to the Canadian Real Estate Association's (CREA) January stats package, home sales w...| STOREYS
The new housing actions Trudeau announced on Tuesday are coming as part of Budget 2024 and will include another $400M for the Housing Accelerator Fund.| STOREYS
As he continues to make his case for being the next Prime Minister of Canada, Conservative Leader Pierre Poilievre is pledging to remove the goods and services tax on new homes sold for less than $1 million. Poilievre announced the plan on Monday in a press conference in Ottawa, in a “axe the sales ...| STOREYS
The City of Toronto is determined to get more purpose-built rental housing into the pipeline and off the ground, according to a new staff report that was revealed to the public on Wednesday. The report, called Build More Homes: Expanding Incentives for Purpose-Built Rental Housing, throws out some b...| STOREYS
“Development charges increase the cost of homes for everyone. They are a housing tax. During a housing crisis, we don’t think you should raise taxes on housing,” said Housing Minister Sean Fraser of the City of Ottawa’s decision to increase development charges by up to 13% in May.The message, delive...| STOREYS
“The potential infill sites could accommodate an estimated 182,023 units, which was 4.5 times as many units as currently proposed at existing rental sites when including both purpose-built rentals and condos.”| 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
While Toronto and the wider Greater Toronto Area's (GTA) resale market began showing signs of life in October, data from the Building Industry and Land Development Association (BILD) shows new homes sales remained "notably low."In total, there were 765 new home sales recorded in Toronto and the GTA,...| STOREYS
With more interest rate cuts "all but guaranteed" for the coming months, sales ticked up — though nominally — in August as would-be-homebuyers continued to hold out for lower rates, shows findings from the Canadian Real Estate Association's (CREA) August statistics report.“Despite some fledgling sig...| STOREYS
"Sales gains are now three for three in the months following interest rate cuts, which is a trend even though the increases weren’t headline-grabbing,” said Shaun Cathcart, CREA’s Senior Economist in the Canadian Real Estate Association's (CREA) September statistics report. The report shows that hom...| STOREYS
Residential sales in both Greater Vancouver and the Fraser Valley are up around 28% compared to this time last year.| STOREYS
Data from Royal LePage shows that Toronto and Vancouver saw modest price declines in the first quarter of 2025, while markets in Quebec, the Prairies, and Atlantic Canada saw notable appreciation.| STOREYS
"Normally, I'm planning vacations around now," Toronto realtor Susan Gucci told STOREYS in late-November. Instead, during a season where the housing market typically takes a back seat to holiday planning and frigid weather, Gucci is servicing clients who have been eagerly waiting to take advantage o...| STOREYS
In its 2024 Top-Tier End-of-Year Real Estate Report, Sotheby's International Realty Canada describes this past year as having been a "tumultuous landscape" for luxury real estate. In closing out the quarter-century, Sotheby's highlights political and economic uncertainty, housing taxes, sweeping reg...| STOREYS
If 2025 is beginning to feel like a large and daunting question mark, you're not alone. From geopolitical conflict to economic uncertainty, there's plenty to keep a fretful eye on, especially as it relates to Canada's housing markets and real estate industry.In hopes of quelling (at least some of) t...| STOREYS
Since June, Canadians have witnessed three consecutive rate cuts, bringing the interest rate from 5% to 4.25%. And with more decreases expected for October and December, 2024 is set to be the 'year of rate cuts.'Even so, the policy interest rate remains higher than ideal, home prices also remain hig...| STOREYS
On Thursday morning, the City of Toronto and CreateTO announced the development partners and vision for the redevelopment of the defunct Toronto Coach Terminal.Located at 610 Bay Street and 130 Elizabeth Street, the bus terminal served as the City's main hub for intercity buses from 1931 up until mi...| STOREYS
In what is potentially one of Toronto's most substantial development proposals of the year, the Canada Lands Company has submitted its plans for the Downsview West District.Spanning 75 acres, the massive project would deliver 8,800 homes, including 20% affordable units, "enabling one of the larges...| STOREYS
It’s been over a year since we’ve seen development plans from Osmington Gerofsky Development Corp, the firm behind a “slender” 50-storey tower proposed for 6355 Yonge Street last spring. Now, OGDC has put plans in motion to bring a pair of high-rise condo towers to a site around the corner from Glen...| STOREYS
A tower proposal on a shady tree-lined street a couple of blocks off Vancouver’s Broadway corridor can only work if the city makes an exception to its long-standing policy to preserve mountain views. The site, on W. 11th Avenue in Mount Pleasant, is one of several examples of views getting in the wa...| STOREYS
What are view cones? What do they look like? And why is Vancouver City Council reviewing and potentially eliminating some of them?| STOREYS
Drake just picked up another accolade, or, at least, his Bridle Path mansion did: one of the most Googled houses in the world.| STOREYS
Read the latest headlines on Vancouver's real estate market. We provide you with insights & commentary on Vancouver's property market conditions & trends.| STOREYS
The four high-rise projects in Vancouver are being developed by Wesgroup, Prima, Landa Global, and Westbank.| STOREYS
Last week, Burnaby City Council voiced support for a petition submitted by Save Brentwood Park that seeks an exemption from the Province's transit-oriented development legislation.| STOREYS
The heights, density, and unit counts for Westbank and Crombie REIT's Broadway-Commercial Safeway project have all been increased.| STOREYS
The Province announced Bill 16 in April but only recently published some guidance on implementation, with more guidance expected next year.| STOREYS
The Province gave the City of Vancouver a five-year target of 28,900 and a target of 5,202 for the first year, which Vancouver has fallen short of.| STOREYS
The City is beginning its work on implementing the Vancouver Plan, beginning with repealing 72 existing policies and establishing an interim rezoning policy in their place.| STOREYS
The City is updating its housing targets to incorporate the provincial target and has also outlined a 3 Year Housing Action Plan.| STOREYS
O'Donnell joined the City of Vancouver in 2019 after previously being a senior executive at the City of Dallas for over a decade.| STOREYS
The City says over 194,000 people in Vancouver are 55 years or older and that this number is expected to increase significantly over the next 20 years.| STOREYS
