One more development site that was formerly owned by Coromandel Properties has now completed its court-ordered sales process, as the embattled developer's portfolio of assets continues to get smaller with each passing month. This latest property is a small land assembly that consists of 5188 Ash Street and 5210 Ash Street, which sit one block west of Cambie Street in Vancouver and two blocks west of Queen Elizabeth Park. Both parcels are currently occupied by single-family homes originally constructed in the 1950s, with BC Assessment valuing them at $5,517,000 and $6,235,000, respectively, f ..read more

Last fall, a relatively unique occurrence took place: some of the biggest real estate developers in Metro Vancouver all decided to launch presales on some of their biggest ongoing projects and all of those projects happened to be located in the Metrotown neighbourhood of Burnaby. That group included the 66-storey Citizen by Anthem Properties, the 38-storey Riviera by Ledingham McAllister, the 35-storey Reign (South Tower) by Wesgroup, the 50-storey Solhouse 6035 by Bosa Properties, and the 43-storey Greenhouse by Concord Pacific, all of which totalled to approximately 1,600 units hitting t ..read more

High interest rates. Budget-crushing inflation. A tough employment market. The GTA has certainly faced its fair share of obstacles over the last couple of years, and yet… the city's real estate market just keeps on swimming. Despite economic uncertainty, the GTA market – and really, the Canadian market overall – has shown remarkable resilience. So while home prices did decline with the interest rate hikes in the last couple of years, they didn't actually decline all that much, even when buyers all but disappeared. If you look at the last few months, property prices have come bouncing up agai ..read more

The country’s premier real estate conference is set to land in Calgary in just two weeks, and the event is shaping up to be a who’s who of Alberta real estate’s most influential leaders, thinkers, and innovators. The BUZZ Conference ‘ROCK'N REAL ESTATE 2024’ will take over the Carriage House Hotel & Conference Centre on Thursday, May 2, with doors (and a light continental breakfast) opening at 7:30am. The event will run from 8am to 5pm, with a cocktail-and-networking hour following the day's final session. With TITLE Sponsor CREB (Calgary Real Estate Board) — led by Alan Tennant, CEO — c ..read more

On Monday, Burnaby City Council granted final approval to the third phase of the Concord Brentwood master plan project by Concord Pacific, continuing the high-density build out of the Brentwood neighbourhood. The overall Concord Brentwood sits to the southwest of The Amazing Brentwood and is bound by Beta Avenue to the west, Lougheed Highway to the north, Delta Avenue to the east, and the tracks of the Great Northern Railway to the south. The site formerly consisted of industrial land before Concord Pacific initiated its master plan rezoning, which ultimately received final approval in June ..read more

Although it’s only in its second year of effect, Toronto’s Vacant Home Tax has fully spiralled into chaos, and the City has had to back-track on over 100,000 charges that were mistakenly issued for the 2023 tax year. As such, it seems that a shake-up is very much on the table at this week’s City Council deliberations when it comes to how the tax will be rolled out in the years to come. To recap: the City told STOREYS in a statement last week that approximately 150,000 homes were ‘declared or deemed’ vacant in 2023, leaving those homeowners strapped with the tax. At that time, the City said a ..read more

After weeks of teaser announcements, the Government of Canada finally unveiled Budget 2024 on Tuesday, which is heavily focused on housing and billed as a plan that will bring "fairness for every generation." "A fair chance to build a good middle class life — to do as well as your parents, or better — that's the promise of Canada," wrote Minister of Finance and Deputy Prime Minister Chrystia Freeland in the foreword of the budget. "For too many, especially for younger Canadians, that promise is at risk. We have a plan to fix that. We have a plan to build a Canada that works better for you, w ..read more

Coming as zero surprise, Canada’s relentless housing crisis is front and centre of the just-released Federal Budget 2024. In addition to a seemingly endless slew of announcements made in April, Prime Minister Trudeau and his government introduced housing-related promises that targeted everything from ramping up the construction of new homes and new initiatives to help first-time homeowners, to increased protections for renters and measures to target homelessness – and a lot more. As a result, there were no real surprises on the housing crisis front with Budget 2024. One thing was, however, n ..read more

It’s here: Budget Day for the Trudeau government. Of course, few of us need the reminder, considering the prime minister has been making dramatic announcements all over the country for the month of April. Naturally, a main talking point – in both the anticipated Budget 2024 and in his big announcements – has been Canada’s relentless housing crisis. This means everything from initiatives to help first-time homeowners, to increased protections for renters and measures to target homelessness. It also means initiatives to “get shovels in the ground,” as they say, faster by ramping up constructio ..read more

Some homes are just "homes," some homes rise to the level of becoming an "estate," and a few select homes stand out even further above the fray, becoming works of art that you can live in. An example of the latter is undoubtedly 203 Goward Road in Saanich, British Columbia, which recently hit the market for $3,250,000. Saanich sits at the southeastern corner of Vancouver Island, and this particular home is located just north of Langford and Victoria, right next to Prospect Lake and west of Cordova Bay. The area is surrounded by the natural landscape of Vancouver Island — Whitehead Park, Moun ..read more