19 h. ago Toronto's real estate market is in major trouble amid global uncertainty

The Greater Toronto Area's (GTA) real estate market is currently facing some significant challenges, with March 2025 marking the lowest home sales for the month in over two decades.Spring usually brings a boost in housing activity, but this year, it's witnessed a slow market with many prospective buyers putting a hold on their homeownership dreams ahead of the federal election and the ongoing trade war with the U.S.According to the Toronto Regional Real Estate Board's (TRREB) March report, many buyers have adopted a "wait-and-see approach," which has translated into slower market activity. However, amid these challenges, the report also revealed a silver lining for would-be homeowners.The report indicates that homeownership in the GTA became more affordable in March 2025 compared to the previous year. On average, both borrowing costs and home prices declined over the past year, which made monthly payments more manageable for households looking to purchase property in the region...

Politics

30 h. ago $5 million Ontario mansion looks like it was pulled from an architecture magazine

If you need more space in your life, either for your car collection or your mental health, and you like mid-century design, 2510 17th Sideroad in King City might just be your dream home. Sitting on nearly five acres of land backing onto a ravine, this property is undoubtedly drool-worthy. But then you see the house itself, and it definitely stands out among the McMansions for which King City is known. The loft office. With a mid-century vibe, this 8,000 square-foot home is "Architectural Digest-worthy," or at least in the words of the listing agent, Tara McCarthy. The music room, living room and dining room. As you enter the home, you're greeted by soaring ceilings (up to 30-feet in some parts), warm wood floors, panelled ceilings, and tons of natural light. The family room. On the main level of the home, you have an open concept layout with the principal rooms. The living room. The sunken living room is very 70s with wood panel...

Economics

34 h. ago CAPREIT Announces Over $560 Million in Additional Dispositions in Europe

This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, April 02, 2025 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that a subsidiary of European Residential Real […]

Economics

34 h. ago ERES Announces a Further €362 Million in Strategic Dispositions

TORONTO, April 02, 2025 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or “the REIT”) (TSX:ERE.UN) announced today the following (all amounts disclosed herein exclude transaction costs and other adjustments): A subsidiary of ERES has entered into an agreement (the “Disposition Agreement”) with an affiliate of Fortress Investment Group (the “Fortress Affiliate”) to […]

Economics

38 h. ago Primaris REIT Announces AGM and Financial Results Release Date, Webcast, and Conference Call

TORONTO — Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) will be releasing its financial results for the quarter ended March 31, 2025, on Wednesday, April 30, 2025, after the market closes. Senior leadership will be hosting a conference call and webcast presentation on May 1, 2025. Conference Call and Webcast: Date: […]

Politics

46 h. ago Huge segment of Canada's real estate market in major trouble due to U.S. tariffs

The forthcoming impacts of the Canada-U.S. trade war initiated by President Donald Trump's tariffs could put a real dent in Canada's industrial real estate market.According to a new report by CBRE, recent solid performances in this particular sub-sector of the commercial real estate market are now being overshadowed by the trade war."Many [local] markets cited the ongoing tariff and trade uncertainties as a major headwind that tempers the outlook for leasing demand over the next couple of quarters," reads the report.Moreover, for the commercial real estate market, "the impact of tariffs will be more directly felt by Canadian industrial markets."This is not entirely surprising, as Canadian federal and provincial governments are forecasting that the manufacturing, natural resource-export industries, transportation, logistics, and retail sectors will be the hardest hit.Such businesses, which account for very significant employment, are some of the largest users of major industrial spac...

Politics

54 h. ago $4 million custom Toronto home is the perfect mix of old and new

When 110 Snowdon Ave. sold in 2021 for more than $450,000 over asking, it was already a beautiful home. Sure, it needed a bit of extra love in certain places, but it was a solid three-bedroom, two bathroom house that most people would be thrilled to live in. However, the owners took this already nice house and turned it into something unbelievably stunning. The front entrance. Designed by Maniera Design and Blue Lion Building, they managed to create a luxury home that is the perfect mix of modern and classic architectural styles.The powder room. It's clear that every detail in the home has been well thought out and curated to create a warm, inviting and functional home. The foyer. For example, as you walk in, you're greeted by heated black limestone floors and soaring 20-foot ceilings. The reclaimed solid oak door is a warming touch. The main floor. The main floor is open concept and quite minimal. The kitchen has Fisher & P...

Economics

65 h. ago Primaris REIT Announces $60 Million Disposition; HBC, NCIB, & Financing Updates

TORONTO — Primaris Real Estate Investment Trust (“Primaris” or the “REIT”) (TSX: PMZ.UN) announced today significant progress on its disposition program that supports its capital recycling objectives, and provided additional commentary on its Hudson’s Bay Company (“HBC”) tenancy. Disposition On March 31, 2025, Primaris closed on the sale of St. Albert Centre in St. Albert, […]

Economics

3 d. ago Downtown Toronto is still struggling despite some signs of life returning

Downtown Toronto has gradually recovered much of the vitality lost during the pandemic years, but the city centre is still struggling with a dearth of office workers even amid signs of life returning.New data in CBRE's just-released Q1 2025 Canada Office Figures report reveals that vacancy in downtown Toronto's gutted commercial market rebounded slightly during the first months of the year, but there's still a long way to go before things are even close to normal again.CBRE's figures show that Toronto fared better than other Canadian cities during the first quarter of 2025, with downtown office vacancy declining by 50 basis points to 18.5 per cent.While this leap marks the first substantial drop in vacancy recorded since the market took a nosedive in early 2020, there is still much ground to recover should vacancies ever drop to the figures seen in the before-times.Central Toronto's office market hit a record low vacancy rate of just 2.2 per cent in the fourth quarter of 2019. Howev...

Other

4 d. ago Landmark $4 million Toronto mansion is on the market for the first time in 60 years

Tucked away on a peaceful Riverdale street, this $4 million local landmark is available for the first time in decades, and a peek inside reveals just as much history as one might expect.Just steps from Riverdale and Withrow Parks, Frankland and Montcrest schools and the brimming cultural epicentre that is Danforth, 49 Hogarth Avenue would be a true gem even if it weren't for all of its unique charm, but when you factor in its original finishes and one-of-a-kind features, it becomes almost unbelievable.A century-old local marvel, potential home buyers in Toronto are getting their first chance at calling this mansion home for the first time in over 60 years, offering an unparalleled peek at what's hiding behind the red brick facade.The grand foyer is the first hint to 49 Hogarth's distinct character.Spoiler alert: it's a whole lot of quirky and unique finishes that run the gamut from Edwardian to mid-century modern, all of which keep the home's reputation for being utterly singular ru...

Economics

5 d. ago $3 million Toronto unit could change your idea of basement apartments

Anyone who has been apartment hunting knows the general rule, avoid basement apartments at all costs. Unless, of course, you're out of options. No one really wants to live in a basement apartment. They have a reputation of being dark, damp, and generally kinda depressing. However, 1-15 Scarth Rd. might just defy all the stereotypes of basement dwellings. Located in a century-old Victorian home in Rosedale that was renovated back in 2018, this is not your average basement unit. The main living areas. This unit is just one of four units in the historic home and boasts an impressive 3,000 square feet of living space. A breakfast nook. Perhaps more impressive is how light-filled and beautiful this unit is despite being mostly below ground. A living room with tons of light. Thanks to the large windows and skylights, this split-level unit is bright, warm and sophisticated with wide plank engineered wood floors throughout. Exposed brick det...

Economics

5 d. ago The history of the Selby Hotel in Toronto and its connection to Ernest Hemingway

The Selby Hotel, once located at 592 Sherbourne St., is a Victorian mansion with a history that spans over 140 years and boasts an interesting connection to writer Ernest Hemingway.Originally built for Henry Falwell Gooderham, a member of the influential Gooderham family, the mansion was designed by renowned architect David Roberts Jr. between 1882 and 1883.Roberts Jr. also designed many buildings in Toronto's Distillery District, and is perhaps most known for his iconic Gooderham Flatiron Building at 49 Wellington St.The Selby Hotel in 1940. Photo by City of Toronto Archives.The red brick mansion's Queen Anne Revival style pays homage to the late seventeenth and early eighteenth centuries, and was constructed during a residential boom in Toronto.During the time it was built, the St. James Town neighbourhood was home to several of the city's most affluent families, and many grand Victorian homes sat on Sherbourne Street. However, only a few of these original mansions remain int...

Other

6 d. ago Contemporary French chateau in Toronto hits the market for over $9 million

In 2017, 34 Old English Ln. sold for a little over $3 million with the intention of being completely transformed. The five-bedroom, three-bathroom house was one of the original Old English Lane homes and was in need of some major TLC. And gurrrrrllll, 34 Old English Ln. got a makeover!Spanning over 10,000 square feet, 34 Old English Ln. is now a contemporary French chateau with an Indiana limestone facade, architectural details galore and all the modern amenities you could ask for. The dining room. As you drive up to the estate, you're greeted by a circular heated driveway, four-car garage and perfectly manicured landscaping. The foyer. The custom wrought iron doors set the tone for the interior of the house, which is giving chic hotel vibes. The living room and kitchen.The main floor has an open concept layout with soaring 11-foot ceilings and 22-foot ceilings in the Great Room, which has a dramatic fireplace.  The living room. Floor-to-...

Economics

6 d. ago The Ontario Real Estate Association Announces New 2025 President and Board of Directors

TORONTO, March 28, 2025 (GLOBE NEWSWIRE) — The Ontario Real Estate Association (OREA) has announced that Belleville-based REALTOR®, Cathy Polan, has assumed the role of President of OREA. The announcement follows the Association’s Annual General Meeting on March 27, 2025. In this capacity, Ms. Polan will be representing Ontario’s nearly 100,000 REALTORS®, ensuring they have […]

Other

7 d. ago A groovy $3 million Toronto home has been with the same family since 1977

In the world of architecture and interior design, there is always a lot of talk of trends, what's in style, what's a big ick, etc. But 165 Sherwood Ave. shows us that if you have taste, it doesn't really matter what you do, and your house will still look awesome even if it was built in the '70s. Custom-built in 1977, this home has been with the same family since.The living room and family room. And while some parts definitely hint at its late 70s roots, the home has a timeless look that doesn't really place it in any distinct era. Pocket doors connect the kitchen and dining room. Boasting over 3,000 square feet of living space, four bedrooms, four bathrooms and incredible light, 165 Sherwood Ave. is a special kind of house. The main floor. As you enter the home you're greeted by soaring ceilings and an open concept layout. The living room. The living room features a gas fireplace with a brick surround. The dining room. ...

Economics

7 d. ago ECB’s Guindos Says It’s Too Soon to Predict April Rate Decision

It’s too early to say whether the European Central Bank should cut interest rates again next month or pause as global trade friction and government spending plans in Europe fuel uncertainty, Vice President Luis de Guindos said.

Other

8 d. ago Toronto property with Jacuzzi could be your home and work all in one for over $4 million

If you were to describe a typical Toronto office space, cozy generally isn't one of the top words that come to mind. But that just might be the first word that will pop into your head when looking at 432 Queen St. E. This property boasts 7,581 square feet, 30 rooms and is an ideal live/work building, since, as the listing points out, "you can occupy the space you need and rent the rest."The main floor office space. And you can rent a lot of space if you want. The open office area. On the main floor, there's an open retail/office area with nine-foot ceilings and a huge wall of windows.A private office. There are also four private offices, a tech room, a garage, and a mudroom.  Another office. The retail space alone can bring in $40 to $150 per square foot per year. One of the second-floor office areas. Meanwhile, office space, on average, leases out for about $19.40 per square foot, according to...

Economics

8 d. ago Allied Announces $400 Million Offering of Senior Unsecured Debentures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, March 26, 2025 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that it has agreed to offer, on a private placement basis in each of the provinces and territories of Canada (the “Offering”), $400 […]

Economics

8 d. ago Huge share of Canadian landlords say they are now losing money on renting

A new report by online marketplace liv.rent shows that many Canadian cities are experiencing a rapidly changing rental landscape, and it's affecting landlords and renters across the country.The company's 2025 Canada Rental Market Trend Report surveyed hundreds of Canadian landlords and discovered that nearly half feel their asking rent is lower than they prefer, as they aren't able to cover the basic expenses of ownership.However, almost the same percentage of renters responded that current rent prices are too high in Canada, which is indicative of what liv.rent describes as a growing divide in opinion."Despite many renters believing that landlords are making substantial profits, most landlords report little-to-no profit, with only a small fraction seeing significant financial gains," said liv.rent in its report."While landlords see slower demand, rising costs and an adequate rental supply, renters report intense competition and difficulty securing housing."The survey of over 3...

Other

8 d. ago Ontario fast food chain scraps U.S. expansion plans amid trade war

Amid rising tensions from the trade wars, many in Ontario are opting to buy local products when it comes to their everyday purchases. Even Ontario-owned businesses are considering this when it comes to talks about expansion.Recently, Ontario-based vegan fast food chain Odd Burger put out a press release stating that it would be halting its U.S. expansion plans due to "escalating political tensions between Canada and the U.S.""Given the global tariff uncertainty, we are putting the brakes on our U.S. expansion until pricing metrics can be formulated with certainty," said James McInnes, CEO and co-founder of Odd Burger. "We are also seeing increased demand for our products in Canada, and as a Canadian Company, we want to make sure that we focus on our core market at this time."Additionally, the company added that it believes it can help other Canadian companies transition to plant-based products made in Canada and sees a significant growth opportunity in supporting the Canadian market...

Economics