Canada Has An Aging Population, Where Will Everyone Live?
The Government of Canada projects that seniors will account for nearly one quarter of the overall population by 2040.| Storeys
The Government of Canada projects that seniors will account for nearly one quarter of the overall population by 2040.| Storeys
Explore the role of a real estate agent in Canada, what services they provide, and how they help buyers and sellers succeed in the housing market.| Storeys
Learn what mortgage pre-approval means in Canadian real estate, how it works, and why it’s crucial for confident and informed home buying.| Storeys
A snazzy new two-tower, high-rise development is headed for the High Park North neighbourhood of Toronto that could deliver over 870 new rental units within walking distance of Keele Station. The proposal was submitted by Elysium Investments in early-September and comprises an Official Plan and Zoning By-law Amendment application for a 41- and 39-storey building with a shared six-storey podium. If approved, the development would replace 11 single-detached homes located just north of High Park...| Storeys
This article was written and submitted by former CEO of the Ontario Real Estate Association (OREA) Tim Hudak and long-time senior Ontario civil servant Frank Denton. Hudak is currently partner at Counsel Public Affairs Inc., and Denton is a senior advisor. The collapse of iPro Realty, one of Ontario’s largest independent brokerages, has left at least an $8-million shortfall in its trust accounts and put the regulator, the Real Estate Council of Ontario (RECO), under an intense spotlight. Fo...| Storeys
Despite the fact that Toronto’s unhoused population has more than doubled since 2021, the City is set to receive a fraction of the Canada-Ontario Housing Benefit (COHB) funding in its sixth year that it did in both its fourth- and fifth-year allocations. Toronto Mayor Olivia Chow wrote in a letter that went to the Executive Committee on Monday that the Province allocated $38 million to Toronto from the COHB between April 2024 and March 2025, and $19.75 million from April 2025 to March 2026 ...| Storeys
Elysium Investments has built its reputation on rethinking what cities need — and then moving boldly to deliver it. From transforming overlooked opportunities abroad to reshaping Toronto’s rental landscape, the firm has consistently shown a talent for anticipating where demand is headed next. Its newest focus: solving one of the most urgent challenges facing young people today: student housing. Known for finding fresh solutions to city-building challenges, Elysium has recognized an unmet ...| Storeys
Framed by a serene pond and the timeless landscapes of the Rouge Valley, the Townhomes of Little Rouge (“Little Rouge”) bring tranquility and beauty right to your doorstep. Coming soon to Donald Cousens Parkway and Ninth Line, the Townhomes of Little Rouge by Camcos Living combine modern architecture, spacious layouts, and premium lifestyle features. For homeowners seeking both the serenity of nature and the convenience of city living, this Markham community is uniquely positioned to deli...| Storeys
In a real estate landscape where choice is often limited and transparency is all too rare, Hyyve is rewriting the rules — and making the process work better for everyone involved. Fresh off its recent launch, the Toronto-based platform is quickly gaining traction for the way it empowers sellers, attracts serious buyers, and gives agents a more direct, performance-based path to listings. But what’s perhaps most striking about Hyyve is how effectively it balances the needs of all key player...| Storeys
Elysium Investments has filed plans for a 43- and 41-storey residential development within walking distance of the Mount Dennis station on the forthcoming Eglinton Crosstown LRT. The plans call for two towers containing 851 rental units and a 2,152-sq.-ft Privately Owned Publicly Accessible Space (POPS) located onsite. The Zoning By-law Amendment application was filed by Elysium in early September and is currently pending the City of Toronto's review. If approved, the new apartment complex wo...| Storeys
It’s full speed ahead for the new Vancouver Art Gallery building slated for 181 West Georgia Street, at the intersection of Cambie and W Georgia streets. On Monday morning, Formline Architecture + Urbanism and KPMB Architects were unveiled as the team that will lead the design of the new purpose-built building, which will replace a parking lot and former sports field known as Larwill Park. “Selected from proposals submitted by 14 leading Canadian firms, this decision marks an important mi...| Storeys
Fall is now in swing, and with the new season, some in real and estate and development across BC are settling into new roles. In fact, September brought a host of new hirings and promotions, including some high-level executive moves, such as Darren Tangen starting as the President of Westbank and Erin Elliott joining Conwest Developments as Chief Financial Officer. The month also brought moves in government, across brokerages, and in finance. Here are all the people who were hired or received...| Storeys
In luxury real estate, it’s easy to assume that prestige sells itself. But even the most sought-after properties aren’t immune to the unpredictable. Market conditions cool. Stock portfolios dip. A next-door lawn grows wild. And just like that, a multimillion-dollar listing becomes harder to move. This is why working with a highly experienced luxury REMAX® agent — one who understands how to navigate nuance, set a strategic tone, and overcome hurdles outside a seller’s control — is i...| Storeys
This article was written and submitted by Cameron Levitt, a Toronto-based real estate agent with RE/MAX Hallmark who writes about housing dynamics, market trends, and the Canadian economy. A recent CMHC report titled "Is Toronto's condo market downturn a repeat of the 1990s?" points to a possible future rebound as new supply has essentially stopped. The argument is straightforward: With no new projects breaking ground today, the eventual shortage could drive another wave of appreciation tomor...| Storeys
Like our ever-changing cities and towns, Ontario's real estate and development landscape (and the people who make it run) are also ever-changing. From new hires and retirements to promotions and partnerships, here are all the notable moves you should know about from September. Notable moves from last month include Ana Bailão being appointed inaugural CEO of Build Canada Homes, Jacob Cohen being promoted to President of The Daniels Corporation, Eric Lombardi joining Build Toronto as Chair, an...| Storeys
This piece was written and submitted by Carolyn King, President & Board Chair of the Shared Path Consultation Initiative, and Richard Joy, Executive Director of ULI Toronto. The places we design, build, and live within are more than bricks and mortar — they are expressions of our values. For too long in Canada, our communities and their built environment have been shaped without fully recognizing and meaningfully engaging the rights, histories, and voices of Indigenous Peoples. That must ch...| Storeys
It's time to say "Hello" to Stefany Marin of Century 21 Signature Service, who focusses on Mississauga, Milton, Oakville, Georgetown, and Etobicoke.| Storeys
Ontario universities have long faced funding challenges, and public underfunding and domestic tuition freezes tend to lead to a reliance on pricier international student tuitions. But as international student numbers dwindle due to the implementation of lower immigration targets, universities must find innovative ways to boost revenue — while continuing to deliver world-class services to their students and communities. One asset institutions are increasingly using to provide an avenue for l...| Storeys
Condo developers are responding to a challenging market with innovative projects that prioritize end-user experience and long-term value. Increasingly, buyers want homes that emphasize wellness, outdoor access, and new lifestyle amenities — and forward-looking developers are leading that shift. Geothermal heating and cooling systems are emerging as a strategic tool in that process — delivering expected sustainability benefits while unlocking a range of new opportunities for design innovat...| Storeys
Step into Parkhill Flats and you immediately feel the difference that luxury makes. With just two residences in the entire development, exclusivity comes baked into the architecture. But beyond rarity, what truly sets 4120 1a Street SW #A apart is the scale and sophistication it brings to Calgary’s inner city. Spanning an impressive 3,000 sq. ft of single-level living, this penthouse-style home takes its cues from Manhattan loft living. The ceilings soar, windows stretch wide, and the flow ...| Storeys
Situated in one of Toronto’s most prestigious pockets, a newly listed Edenbridge-Humber Valley residence pairs architectural sophistication with resort-inspired living. Spanning more than 5,000 sq. ft across three levels, 1437 Islington Avenue strikes a balance between elegance and ease, with every space designed for both comfort and impact. A stone-and-brick façade makes a stately first impression before giving way to interiors marked by soaring volumes. The main level hosts a magnificent...| Storeys
Rising four striking levels inside Toronto’s historic Foundry Lofts, this architecturally significant residence is nothing short of a showpiece. With more than 2,700 sq. ft of exquisitely reimagined interiors, 339-1100 Lansdowne Avenue offers a rare combination of industrial character, bespoke finishes, and sheer spatial drama. From the moment you enter, the scale of the space is undeniable. A light-filled kitchen and dining area sets the tone, anchored by soaring two-storey windows and ori...| Storeys
Earlier this month, Toronto’s real estate industry came together — not in boardrooms or sales centres, but on the hardwood. On September 13th, the third annual Ballin’ Out for Charity tournament tipped off at the University of Toronto’s Goldring Centre, drawing developers, brokerages, agencies, trades, and construction companies into friendly competition for a serious cause. What began as casual pickup games among colleagues has evolved into a city-building tradition. Organized by BLA...| Storeys
Despite securing Council approvals for the site in October 2021, Fiera Real Estate has reworked its plans for 1075 Bay Street in downtown Toronto, according to new planning documents from mid-August. The site, which is on the southeast corner of Bay and Mary streets, just a ten-minute walk from the Royal Ontario Museum, has been occupied by a 13-storey office building since 1976. If Fiera’s proposal is realized, the unassuming mid-rise will be replaced with a sleek 62-storey skyscraper — ...| Storeys
Along North Saanich’s storied Lands End Road lies a property that perfectly captures the essence of West Coast luxury. The striking steel-and-concrete residence that is 1580 Lands End Road sits on 1.59 acres of private land, boasting over 600 feet of ocean frontage and uninterrupted views that stretch from Mount Baker to the Gulf Islands. Both bold and serene, it’s a home designed to frame the drama of the Pacific while offering a peaceful retreat from the everyday. From the moment you en...| Storeys
Yesterday afternoon, over a dozen real estate and development experts were featured at the Residential Construction Council of Ontario's (RESCON) fifth annual Housing Summit, and talked candidly about the housing crisis and how to get residential construction back on track. This year's summit was aptly named "Embracing Transformation — Building Homes Faster" and was sponsored by LiUNA Local 183, Enbridge, Federation of Rental-housing Providers of Ontario, Toronto Regional Real Estate Board ...| Storeys
At Insolvency Insider's Distressed Real Estate Conference held this summer, panellists across the board agreed that the Canadian real estate landscape over the next two to three years will continue to be fraught with receiverships, CCAAs, and general distress. At the time, President of ELM Developments Elliot Steiner’s contribution to the conversation was that the focus should be on the ‘what comes next’ of it all. “The market is what it is,” he postulated. Steiner spoke to attendee...| Storeys
As Toronto continues to make progress on the Gardiner Expressway’s rehabilitation, there is a groundswell of support for retrofitting the under-highway as well—including spaces like the Bentway that transform overlooked infrastructure into vital public space. While transformation of the Gardiner’s understory is a long-term ambition, it’s important to reflect on the concept itself, and where that concept has already found success. Miami’s The Underline is somewhat of a “sister proj...| Storeys
It’s no secret that the real estate industry has been historically slow to change with the times. But, with today’s evolving end-user expectations, change is inevitable. This is even more true when it comes to the modern tenant experience – especially in our current purpose-built rental boom. But on the flip side, there’s still something significant to be said about good old-fashioned customer service (and real human connection). This is why Holt Meadow Group fuses an accessible human...| Storeys
This article was written and submitted by Carl Laffan, a Toronto-based architectural design manager specializing in office, residential, mixed-use projects. On September 14th, the federal government launched Build Canada Homes (BCH) — the “one-stop shop for affordable housing” that promises a “bold new approach and unprecedented investments to increase the housing supply in Canada.” The new federal agency has already proposed several positive initiatives and immediate investments th...| Storeys
Beau Brooker was brought on as Northcrest’s first-ever vice president of construction in July to bring the vision for the Downsview Airport redevelopment to life.| 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
Conservative Party Leader Pierre Poilievre says this will save Canadians up to $65,000 and benefit the middle class in pricier cities like Toronto and Vancouver.| Storeys
Toronto Mayor Olivia Chow unveiled her version of the 2025 budget on Thursday morning, which shows that she’s sticking with the 6.9% residential property tax increase that was floated earlier this month. That figure includes 5.4% intended to support the City’s operating budget for the year, as well ...| Storeys
A week ago, Statistics Canada released new data on the New Housing Price Index that showed October saw the largest month-over-month decline in new home prices in the last 15 years. The decrease was -0.4%, the largest since April 2009, but also the latest in a now 23-month long trend of steadily decl...| Storeys
It was more of the same for new home sales in November: "The GTA new home market continued to languish," says Edward Jegg, Research Manager with Altus Group, the company that analyses market data for the Building Industry and Land Development Association's (BILD) monthly new home marker report.Consi...| Storeys
For more than two years, the GTA real estate market – from new builds to resale – has been on a downward trajectory. Has that finally changed?| 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
Slower price growth is expected to entice waiting buyers to come off the sidelines in the year ahead, as will lower borrowing costs. While polling also shows around two-thirds of renters would 'seriously consider' homeownership amid further rent increases.| Storeys
Home sales in the GTA are continuing their climb as the level of listings backslides further, creating increasingly tight market conditions.| Storeys
Counter to seasonable trends, home sales in Greater Vancouver actually saw a not-insignificant drop from May to June.| Storeys
CREA's data for May 2023 reveals that national home sales increased year over year for the first time since June 2021.| Storeys
As was the case in 2022 and 2023, the undercurrent of the past year was interest rates. Across eight announcements, the Bank of Canada (BoC) lowered the policy rate five times in 2024, including by 50 basis points in both October and December. We will ring in 2025 with a policy rate of 3.25%, which ...| Storeys
Following an unexpectedly frenzied spring housing market, some provinces will be spared from the impending economic slowdown. At least, for now.The "relative strength" of the rebound has led Marc Desormeaux and Hélène Bégin, Principal Economists at Desjardins, to alter their economic forecasts for s...| Storeys
Toronto Metropolitan University (TMU) is taking what it calls a “revolutionary” approach to architecture.| Storeys
A 39-storey mixed-use development offering 491 residential units and a daycare could be headed for west Willowdale, according to plans from Density Group Limited. The plans, which were submitted by the Toronto-based developer in early-September, envision a 33-storey tower atop a six-storey podiu...| Storeys
Toppazzini joined Avison Young in January 2022 as part of its Valuation & Advisory Services team, and succeeded Michael Keenan as the leader of the Vancouver office.| Storeys
CREW Vancouver was founded in 2005 and is dedicated to supporting women to become leaders in the world of commercial real estate.| Storeys
On Tuesday, Concert Properties announced that it had appointed Christine Bergeron, of Vancity, as the company's next President and CEO.| Storeys
The Rental Protection Fund will be helmed by CEO Katie Maslechko, a former Director of Development at Beedie.| Storeys
Dual Agency was launched by Britainny Hari, previously at CBRE, on the week of International Women's Day.| Storeys
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
Affordability challenges reverberated through the Greater Toronto Area’s (GTA) new condo market in 2023, and new data shows that buyers simply weren’t biting as the year drew to a close. Urbanation reported on Thursday that 22,477 new condominium units went unsold in the GTA in the final quarter of ...| Storeys
Distressed real estate sales have spiked recently and there is a reason why most of it is development land, says Colliers' Jeremiah Shamess.| Storeys
When it comes to high-rise condo launches in the Greater Toronto Area (GTA) this year, the market has been pretty quiet. In fact, until just a few days ago, it hadn't made a single peep.On Friday, developer Greenpark Group launched sales for their 25-storey Richmond Hill development, Evelyn Condos a...| Storeys
Amid daunting borrowing conditions, unrelenting prices, and sales that have sagged to close to a 30-year low, new condominium inventory continues to sweat on the Greater Toronto and Hamilton Area’s market, new data from Urbanation shows. The research and consultancy firm released its latest analysis...| Storeys
Just a few years ago, in April 2022, Jeremiah Shamess brokered a $90M sale of a high-rise development site in Toronto’s entertainment district. Shamess — who sells development land at Colliers, and also leads the Colliers Private Capital Investment Group — didn’t necessarily know it at the time, but...| 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
In light of Toronto and Vancouver's condominium conundrum, where prices for shoebox units remain high despite plummeting sales and rising inventory, Statistics Canada has released data demonstrating the role that investors may play in the issue.According to StatsCan, investors owned 65% of Toronto's...| Storeys
Over half of the condo apartments built in Toronto in recent years were owned by investors, according to new data from Statistics Canada.From 2016 to 2021, investors owned 37,580 newly constructed condos in Toronto, accounting for 56.7% of new builds. It seems that this percentage of investor-owned ...| Storeys
Explore how buying new construction works in Canadian real estate, including timelines, warranty coverage, and key legal and financial considerations.| Storeys
As Ontario struggles with a significant undersupply of housing, investors are holding on to a marked share of condominium apartments.| Storeys
Learn what condo fees are in Canadian real estate, how they're calculated, what they cover, and how they affect the cost of owning a condominium.| Storeys
Discover CREA (the Canadian Real Estate Association) and its role in supporting REALTORS®, managing listings, and shaping real estate policy in Canada.| Storeys
Canadian rents continued to climb in July, though it was more of a lethargic upwards crawl. According to the July National Rent Report from Rentals.ca and Urbanation, average asking rent across all residential property types hit $2,201 last month — a 5.9% year-over-year increase and the slowest annu...| Storeys
Despite murmurings from local real estate boards that last month’s interest rate cut was largely inconsequential for housing, the Canadian Real Estate Association (CREA) is reporting "signs of renewed life" in their June statistics report.“It wasn’t a ‘blow the doors off’ month by any means,” says S...| Storeys
"I just think it's time that we get our own permanent 'Vancouver' sign to share our love and pride for our beautiful city — not just with locals, but with visitors from around the world," said Councillor Peter Meiszner.| Storeys
Vancouver has a shortage of 10,000 hotel rooms according to Destination Vancouver and the City is looking to address that shortage with policy changes.| Storeys
Marcon is prosing to build a 32-storey mixed-use hotel on 516-534 West Pender Street and 509 Richards Street in Downtown Vancouver.| Storeys
A sleek 30-floor hotel is being proposed for 848 Seymour Street in downtown Vancouver, hoping to address the city's hotel room shortage.| Storeys
Bosa Properties bought an old development application and filed a revised proposal with the City of Vancouver for a hotel and office building| Storeys
Bosa Properties submitted a rezoning application for 888 W Broadway in 2022, with plans for one office building and one hotel.| Storeys
On Monday, Vancouver-based real estate developer Bosa Properties and Listel Hospitality Group jointly announced that the Listel Hotel in the West End of Vancouver is set for redevelopment, in what the two referred to as a "strategic partnership." Listel Hospitality Group is a subsidiary of Listel Co...| Storeys
Jason Hsu founded Vancouver-based Gryphon Development in 2017. His father founded Jin Ray, one of the bigger developers in Taichung, Taiwan.| Storeys
Apart from finishing touches on the amenity spaces, the South Etobicoke condo is complete and welcomed its first occupants in mid-February.| Storeys
Westbank has been the subject of lien claims in Toronto, Vancouver, and Seattle, but calls the rumours that they are in trouble "malicious."| Storeys
QuadReal has submitted a pre-consultation application with the City that would result in a master plan redevelopment of Capilano Mall.| Storeys
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
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
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
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
