9 h. ago Locals say Toronto neighbourhood 'under attack' by planned condo tower

Residents and businesses in Toronto's Church Street Village area are claiming they are "under attack" by a proposed development and are fighting to "defend the character" of the neighbourhood.A petition started in February by the Church Wellesley Neighbourhood Association (CWNA) seeks to halt plans to redevelop a group of properties wrapping around the northeast corner of Church and Wellesley, spanning 68-78 Wellesley Street East and 505-509 Church Street.The block of properties is home to a Pizza Pizza location that has served the community for decades, housed with the heritage-designated 1878 William McBean Terrace building. Developer KingSett Capital has stated its intention to incorporate into a new high-rise building on site, rising 28 storeys with a design from architects BDP Quadrangle.68 Wellesley Street East (right of centre) and other future approved and proposed buildings planned for the surrounding area. BDP Quadrangle.A development application filed for the site in...

Events

11 h. ago Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’

TORONTO — The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the exposure other companies have to its potential downfall. RioCan Real Estate Investment Trust is especially exposed to Hudson’s Bay’s financial woes because the two companies co-own 12 store properties, including some of […]

Economics

13 h. ago Protesters demand engineering firm cancel Toronto bike lane removal contract with province

Protesters in Toronto are calling on an engineering firm to cancel its contract with the Ontario government to help remove some city bike lanes, alleging the removal will endanger cyclists and worsen the climate crisis. Fridays for Future Toronto says in a social media post that protesters demonstrated at Stantec Consulting offices Tuesday morning, and […]

Economics

13 h. ago Hardly any developers are building homes in Toronto as market continues to plunge

Despite Toronto's impractical cost of living, the stress of the trade war and the nation's casual economic recession and all, it's a pretty great time to get into GTA real estate if that's always been a dream of yours.Sellers are getting desperate as new listings continue to indundate the market while sales numbers remain a shadow of what they once were.The downward spiral has been been especially bad for condos, and worse, still, for new condos — so bad that a growing number of complexes have been stalled in various stages of progress, with not enough units sold to continue.Naturally, this has been cause for alarm among stakeholders on the building side of things, who continue to plead for the government to intervene in the form of lowering certain taxes, development charges and other fees that hamper new construction.The Building Industry and Land Development Association (BILD) and Canada Mortgage and Housing C...

Sport

13 h. ago Protesters demand engineering firm cancel bike lane removal contract with Ontario

Toronto protesters are calling on an engineering firm to cancel its contract with the Ontario government to help remove bike lanes, alleging the removal will endanger cyclists.

Economics

13 h. ago Georgia Real Estate Leader Tim Stout Joins eXp Realty, Bringing $70M in Annual Sales

Former mixed martial arts champion and top-producing agent expands his high-performing team at eXp Realty, leveraging the brokerage’s innovative model to fuel growth and excellence. BELLINGHAM, Wash., March 18, 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), […]

Politics

13 h. ago Tariff uncertainty is affecting Canadian real estate and Ontario is hardest hit

While spring is typically the busiest time of the year to buy a home as more properties become available and competition increases, the housing market this season appears to be in a bit of a decline in Canada —and especially in Ontario — amid the ongoing trade war with the United States. According to a new report from the Canadian Real Estate Association (CREA), home sales in the country fell sharply from January to February, as many prospective home buyers chose to remain on the sidelines due to the threat of U.S. President Donald Trump's tariffs. Sales activity recorded over Canadian MLS Systems dropped 9.8 per cent month over month in February, marking the lowest level for home sales since November 2023, and the largest month-over-month decline in activity since May 2022. "The moment tariffs were first announced on January 20, a gap opened between home sales recorded this year and last. This trend continued to widen throughout February, leadin...

Economics

21 h. ago Is Canada’s spring housing market ‘dead on arrival’ amid tariffs?

Home sales in Canada declined 9.8 per cent annually in February, data from the Canadian Real Estate Association showed. Is there a silver lining for buyers and sellers?

Economics

29 h. ago Surrey councillor told to submit FOI request to get information about U.S. real estate firm contract

"I was literally shocked that I got told I couldn't have the information" — Surrey Coun. Mike Bose.

Economics

32 h. ago RioCan Real Estate Investment Trust Announces March 2025 Distribution

TORONTO — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of March. The distribution will be payable on April 7, 2025, to unitholders of record as at March 31, 2025. About RioCan RioCan is one of Canada’s largest real estate investment trusts. RioCan […]

Other

39 h. ago Canadian home sales fall to lowest in more than year as trade war escalates

Largest monthly drop since May 2022, says CREA

Economics

41 h. ago Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of March, 2025

Not for distribution to U.S. News Wire Services or dissemination in the United States. TORONTO — Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of March, 2025 of $0.064167 per trust unit, representing $0.77 per trust unit […]

Other

41 h. ago Hudson's Bay liquidation may begin soon as Canada's oldest company collapses

Hudson's Bay Company has signalled its readiness to take the next major step in its creditor protection and restructuring process, a move that will significantly reshape Canada's commercial retail real estate market and result in major job losses.In an announcement on Friday night, the Canadian department store retailer announced a "store-by-store liquidation process" will begin as soon as this week.On Friday, March 14, 2025, the company filed additional documents with the Ontario Superior Court of Justice indicating that it has only secured limited debtor-in-possession financing, which now necessitates the "full liquidation of the entire business.""Assuming receipt of a Court order on Monday at the 'comeback motion,' store liquidations will begin next week," reads the news release last Friday.According to the latest court documents, Hudson's Bay intends to conclude its liquidation process by no later than June 15, 2025, at which point its store locations would also close.During the...

Economics

3 d. ago An $800,000 Toronto home is literally held together by wires

Unless you're an architect or in the process of building a house, most people don't spend a lot of time thinking about how houses stay upright.Sure, you have a general idea of foundations, supporting walls, joists, beams, and roofs, etc. But once it's all behind drywall, it's kind of an out-of-sight, out-of-mind thing. The main floor. However, at 1305 Woodbine Ave., you can't forget about how the house is still standing. The view from the front entrance. In the main living space of this two-bedroom, two-bathroom bungalow, several steel cables span the entire width of the home. A large island in the kitchen is great for entertaining. At first glance, you might mistake them for curtain wire or a clothesline, but nope, those cables are what's holding the cathedral roof up.The dining room. Typically, roofs in residential construction use wood framing but you can use cable trusses to bear the load of the roof. The living room. The te...

Economics

4 d. ago Toronto home with stunning floating spiral staircase hits market for over $2 million

Three years ago, 14 Kildonan Dr. was a quaint three-bedroom house that looked like it had been in the same family for at least 40 years. With faded wallpaper, appliances from the late '60s, and water-damaged walls, it needed a lot of work. But boy, did it get the glow up of the decade. The family room off the kitchen. 14 Kildonan Dr. has been completely transformed into a modern, custom-built four-bedroom, four-bathroom home. The living room. The home is now bright, airy, and filled with natural light. The view from the front entrance. As you walk into the home, you're greeted by soaring ceilings and views of a stunning floating spiral staircase that is equal parts sculptural and functional. The kitchen and dining area. The main floor is pretty open concept, with each room flowing into the next. The kitchen with a wine fridge. The kitchen is at the centre of the home and features integrated appliances and a large island, an...

Economics

4 d. ago Block of Toronto's Yonge Street could be protected from future demolition

Toronto's Yonge and Bloor area has been the site of intense development activity in recent years, but one block in the rapidly changing neighbourhood has managed to evade significant changes through the now-waning development boom.The City is pushing to ensure that this block remains protected for generations to come, and plans to have the group of four properties at 750, 752, and 756-758 Yonge Street designated under the Ontario Heritage Act, a move that would safeguard the buildings from future destruction.A report filed in March by Toronto's senior manager of heritage planning, urban design, and city planning recommends that council state its intention to designate the properties under Part IV, Section 29 of the Act, citing their cultural heritage value as a reason for preservation.Located on the west side of Yonge Street, mid-block between Charles Street West and Bloor Street West, the properties span three contiguous buildings standing three storeys, and were constructed in 189...

Other

4 d. ago N.S. realtors want province to drop planned deed transfer tax hike

The Nova Scotia Association of Realtors says the move would add a "tariff" on Canadian buyers

Economics

5 d. ago A rare piece of Toronto history is up for grabs for just $2.5 million

Built around 1915 by Scarborough builder John C. Morrish, who (fun fact) also built Highland Creek Public School, 456 Manse Rd. is one of those Toronto heritage homes that people dream about. According to the listing, the home was originally built for Thomas Jacques, whose family were among Scarborough's early settlers. The home spans three storeys and is a true gem with exceptional craftsmanship. The front entrance. Throughout the house, you'll notice original features like stained glass windows, intricate crown moulding, solid wood trim and doors, and hardwood floors. The dining room. Those original features definitely give the house its historic charm and character. One of the bathrooms. The bold patterned wallpaper and extravagant furnishings also give it character. The living room. Some might say that type character is a bit too much, but if you can look past the beige-toned maximalism and shag carpeting, this house is...

Economics

5 d. ago Melcor Developments announces results for 2024, declares $0.11 per share dividend

EDMONTON, Alberta, March 13, 2025 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the fourth quarter and year ended December 31, 2024. The annual Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or […]

Economics

5 d. ago Strategic Storage Trust VI, Inc. Successfully Refinances Loans for Seven Properties

LADERA RANCH, Calif. — Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), has successfully refinanced loans on seven of its Canadian properties. This refinancing proactively addresses the loans’ upcoming 2025 maturities while lowering SST VI’s interest rate […]

Economics