4 h. ago A completely abandoned Toronto home is still somehow selling for $8 million

The average price of a house sold on the Bridle Path in Toronto is over $16 million.It's a neighbourhood of excess wealth, ostentatious mega-mansions and the 0.1 per cent of society. But in and amongst all those over-the-top houses, you'll find 48 The Bridle Path, a 103- by 260-foot piece of land with a vine covered bungalow that has sat abandoned since 2017, if not longer.  Construction happening across the street. Normally when plots of land become available in the Bridle Path, it's just a matter of time before a cavalcade of construction workers arrive to build the next mansion. However, that's not what happened at all at 48 The Bridle Path.In 2017, the property sold for $6,100,000 after just a week on the market. But less than a year later, it was back up for sale for $7,995,000. It took two years and four tries before it finally sold for $6,500,000 in 2019. Then 48 The Bridle Path just sat there for years.Ove...

Economics

8 h. ago Madison Pacific Properties Inc. announces the results for the four months ended December 31, 2024

VANCOUVER, British Columbia, Feb. 27, 2025 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the four months ended December 31, 2024. In July 2024, the Company’s Board of Directors approved a change of financial year-end of the Company from […]

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10 h. ago BCFSA Launches Pilot Program for Large Real Estate Developments, Introduces New Consumer Disclosure Requirement and Consumer Guide

BCFSA has launched two initiatives aimed at enhancing protections for buyers of pre-sale development properties, while supporting real estate developers with large development projects Vancouver, Feb. 27, 2025 (GLOBE NEWSWIRE) — BC Financial Services Authority (“BCFSA”) has launched a new pilot program that extends the early marketing period for real estate developers with large projects […]

Sport

15 h. ago Precarious recovery for Canada’s real estate market is underway

RBC Economics predicts home sales to follow historical averages should mortgage rates continue to drop.

Transport

16 h. ago Ontario sees another enormous jump in people not paying housing and other bills

As if we needed more facts and figures to remind us how bad Canada's economy is at present, a new report has offered a glimpse into just how many people nationwide have been unable to cover their major bills, with mortgage delinquency in particular at an all-time high.And, residents of Ontario are the worst culprits.The data, published by Equifax Canada this week, comes from the final months of 2024, a year in which consumer debt across the country grew by 4.6 per cent, to a total of an unthinkable $2.56 trillion.Though falling lending rates over the course of the year helped to relieve the debts of some, the credit company says that "financial pressures intensified" for many others, especially those with mortgages in our two most exorbitant provinces for property: Ontario and B.C.When looking at the fourth quarter of the year versus the same time in 2023, there was a shocking 90.2 per cent increase in the number of Ontarians who hadn't made a mortgage ...

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16 h. ago eXp Realty Paid More Than $220 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2024

The industry’s most agent-centric brokerage continues to redefine financial success for real estate professionals BELLINGHAM, Wash., Feb. 27, 2025 (GLOBE NEWSWIRE) — eXp World Holdings, Inc. (Nasdaq: EXPI), or the “Company”, the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced that it paid more than $220 million in revenue share and equity […]

Economics

16 h. ago Nova Scotia announces $300K pilot program to help consumers identify local products

The program will allow businesses to apply for a 70 per cent rebate on eligible expenses they incur for adding the "Nova Scotia Loyal" logo to their products.

Economics

18 h. ago Luxe $7 million Ontario home is located in a neighbourhood that was once a resort

This newly-listed $7 million Ontario home, which rests on an immaculately landscaped 20,000 sq. ft. lot, is located in one of the most sought-after neighbourhoods in the entire GTA.One look inside, and you'll understand why.Occupying an expansive 11,000 sq. ft. footprint, 1370 Oak Lane is the definition of "bigger is better," boasting soaring ceilings, vast windows and a number of spacious bedrooms, all with a timeless-yet-current design.The great room.The home — or, mansion, if you prefer,— is located in Mississauga's Lorne Park, which was once developed as a summer resort community for Ontario's well-to-do thanks to its proximity to Lake Ontario and its breathtaking nature.It has since gone on to become one of the GTA's most desirable postal codes, and 1370 Oak Lane is living proof of why.Living room.While the home itself employs a classic design style, it also incorporates a number of contemporary features that keep it feeling fresh, like the largely op...

Economics

19 h. ago Vancouver vs. Surrey: How B.C.'s two biggest cities plan to build housing

Vancouver and Surrey have different geography, density and infrastructure. They face different challenges when it comes to where and how to build homes to address the housing crisis.

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19 h. ago Vancouver vs. Surrey: How B.C.'s two biggest cities plan to build their way out of a housing crisis

Vancouver and Surrey have different geography, density and infrastructure. They face different challenges when it comes to where and how to build homes to address the housing crisis.

Other

41 h. ago Quebec pension giant hit by commercial real estate headwinds, braces for tariff turmoil

Caisse de dépôt posts 9.4% return with assets rising to $473 billion.

Economics

44 h. ago Colliers ranked among top three commercial real estate brands for eighth consecutive year

Reflects strength of global platform, commitment to excellence and visionary leadership TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) — Colliers (NASDAQ, TSX: CIGI) has once again been ranked among the top three commercial real estate brands in the world, according to The Lipsey Company. This marks the eighth consecutive year that Colliers has been recognized among […]

Other

52 h. ago Toronto house listed for just $1 is primed for a bidding war

In this slow real estate market, some realtors are thinking outside the box to get their house to sell. Take 218 Bogert Ave., for example. This three-bedroom, three-bathroom home in West Lansing has been on and off the market four times since 2023 without selling. The living room. It was first listed for $1,599,000, but after a month on the market, owners took it down. They then performed a couple of upgrades in the house, like painting the kitchen cabinets, and re-listed it for $1,698,000.But, it still didn't sell.  A bedroom. Most recently, it was listed again for $1,888,000. But still, you guessed it: no bites. A bathroom. Now, the realtors have opted to list 218 Bogert Ave. for just $1, hoping maybe they'll get lucky and spark a bidding war that will get the owners closer to their desired selling price. A bedroom. It does seem a bit strange that the involved parties have ...

Economics

61 h. ago Here's how much you really need to earn per year to afford a home in Toronto right now

Even if houses in and around Toronto are no longer flying off the market like they used to — the case is quite the contrary, actually — the city's real estate continues to grow ever less affordable.Sales are in a protracted slump and new listings are surging, making hard to sense even a hint of the old urgency the region's market has hitherto been known for.But still, prices are proving surprisingly indifferent to what's actually happening on the ground, with simply the idea that there is perennial demand serving as enough to keep the city's property as eternally overvalued as ever.(To be fair, if you bought a slice of the GTA market for a whopping $1,334,544 two years ago — the average price for a home of any type at the time — how would you feel about having to let it go for much less?)A new report on housing affordability across Canada shows how things worsened for buyers in nearly every city in&n...

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64 h. ago Kortney Wilson Joins eXp Realty, Expanding Her Real Estate Empire

HGTV star and real estate expert partners with eXp to scale her business globally BELLINGHAM, Wash., Feb. 25, 2025 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), is proud to welcome HGTV star and Nashville real estate expert […]

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67 h. ago Melcor REIT Concludes “Go Shop” Period and Sells Grande Prairie Property

EDMONTON, Alberta, Feb. 25, 2025 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (Melcor REIT – TSX: MR.UN) today announced the expiration of the “go shop” period provided in the previously-announced arrangement agreement dated November 24, 2024 (the “Arrangement Agreement”). Melcor REIT further announced that the REIT has completed the sale of Melcor Crossing in […]

Economics

3 d. ago $6 million Ontario mansion is hiding a surprise in the basement

Located just a 5-minute drive from the Mississauga lakeshore, in the city's prestigious Lorne Park neighbourhood, this $6 million home emanates elegance at every turn, but that doesn't mean there's not also room for some extra fun hidden in the basement.Indeed, at 11,000 sq. ft. on a 198 ft.-wide lot, there's plenty of room for, well, everything at 1135 Algonquin Drive.Currently listed by Sam McDadi Real Estate Brokerage, this Mississauga property shows exactly why McDadi and his team have gained a reputation for boasting some of the most luxurious properties on the market across the GTA.With unique features like a private elevator, wine-cellar, 10-car driveway and sauna, this home is no exception.The grand entrance at 1135 Algonquin Drive.While beyond the mansion's walls you'll find sublime ravine views encompassing the home, inside offers a similarly stunning, albeit decidedly more refined, view.A mix of elegant marble and hardwood floors run throughout the home, which was designe...

Economics

3 d. ago The GTA neighbourhoods where you can still get a house for under $1 million

Toronto may still be one of the least affordable places in the world for real estate, but the city's market has softened quite remarkably in the last year or so.Even if the price declines have been most notable in the condo segment — which has plummeted from its investor-driven heyday — the sheer abundance of available listings at the moment has given buyers far more choice.Price points have been pretty stubbornly stagnant overall considering the lack of activity, but there has still been room for many would-be homeowners to haggle properties down, and a number of neighbourhoods in the region where the average cost of even a house, not a condo, is now falling below the crucial $1 million mark.Homes are still selling for far under asking price in the vast majority of the Toronto areahttps://t.co/vLNpN8eLpz— blogTO (@blogTO) January 10, 2025Wahi, which hosts listings along with offering regula...

Economics

5 d. ago Grandma chic Toronto mansion of your dreams is on sale for $18 million

You'd be forgiven if you mistook 241 Strathallan Wood for a Regency period film set, because it certainly could be one. This sprawling estate in Lytton Park has more than 20,000 square feet of living space and it is giving old money, grandma chic and Bridgerton set vibes all at once. It's simply iconic. The property is actually four separate lots that were combined for the purpose of this estate, giving 241 Strathallan Wood an impressive 307-foot frontage. The living room. You'd never guess that it's such a large property given that you can barely see the mansion from the street through all of the mature trees on the lot.The foyer. The home was clearly built for someone who likes their privacy, as blogTO got zero tea when we reached out.Views into the solarium. On the main floor of the house, you have all the typical principal rooms. The dining room. They're all decorated in a classical European style that makes the entire ...

Economics

6 d. ago Toronto seeing most new home listings in Canada but hardly anyone is buying

Predictions that Toronto's housing market would see a triumphant return of the enthusiasm and heat it's historically known for have fallen flat thus far, with sales continuing to dwindle far below hopes and expectations, and new listings continuing to pour onto the market.Nearly 20,000 homes are now up for sale within the GTA, per the Toronto Regional Real Estate Board (TRREB)'s numbers for January, marking a worrying 48.6 per cent uptick in new listings and 70.2 per cent increase in active listings compared to this time last year.The number of sales transactions, meanwhile, has fallen 7.9 per cent over the same time frame, disheartening realtors and sellers who were expecting a bounceback after an abysmal 2024.RBC economists really put these numbers into perspective in a new special housing report that this month compared how the real estate scenes in major cities across Canada are faring.One graph shows Toronto to have the third-biggest year-over...

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