Ashcroft Homes, a well-known residential developer in Ottawa, is facing financial difficulties as its Eastboro project has entered receivership due to an $80 million debt. This development follows similar issues with other Ashcroft properties earlier this year.

Thind Properties, a real estate developer based in Burnaby, has sold the hotel portion of its Highline Metrotown tower for $47.2 million. The 48-storey building, located at 6511 Sussex Avenue near Metrotown Station and across from Metropolis at Metrotown shopping centre, was completed in late 2023. While the residential units are occupied, the 10-storey podium, initially intended for office space, remained vacant.

Northstar Development has agreed to purchase "The Met," a mixed-use project in Port Coquitlam, British Columbia, for $11.6 million. The property, located at 2245 McAllister Avenue, was previously owned by Quarry Rock Developments (QRD) and is currently under receivership.

A recent report from Oxford Economics forecasts that Canadian mortgage rates are set to rise by 2026, prolonging housing unaffordability until 2035.

Canada is facing a growing housing crisis, with many citizens struggling to afford rising rents. This situation has sparked a nationwide debate on the effectiveness of rent control as a potential solution. Rent control involves government-imposed limits on how much landlords can increase rents, aiming to keep housing affordable for tenants. However, opinions are divided on whether this approach benefits or harms the housing market.

Innisfil, Ontario, located just an hour north of Toronto, is becoming a popular choice for homebuyers seeking a blend of convenience and tranquility. This town offers a peaceful lifestyle with its picturesque Lake Simcoe shoreline, extensive nature trails, and abundant parks, making it an attractive alternative to the busy city environment.

KingSett Capital has unveiled an ambitious proposal to transform a historic corner of downtown Toronto with a towering 67-storey mixed-use development. The project, which focuses on the southeast corner of Yonge and Richmond Streets, aims to blend modern architecture with the preservation of the site’s heritage elements. KingSett’s plan highlights their commitment to enhancing urban spaces while respecting the city’s architectural history.

Canada is witnessing a significant trend of immigrants leaving the country, raising concerns about the long-term impact on its economy. Recent data reveals that many newcomers are opting to move to other countries or return home, citing challenges such as high living costs and limited opportunities. This trend comes at a time when the country relies heavily on immigration to fill labor gaps and sustain population growth. The reasons behind this exodus highlight some pressing issues in Canada’s housing, job market, and overall affordability.

Canada’s housing crisis has reached critical levels, with many Canadians struggling to find affordable housing. A new generation of property developers, or "property barons," may hold the key to addressing this issue. Unlike traditional developers focused solely on profit, these innovators aim to balance business interests with creating affordable and sustainable housing solutions. This approach comes as the country faces a severe housing supply shortage and skyrocketing rental prices.

Canada faces a housing crisis that has left many struggling to find affordable homes. Rising property prices and increasing rent have made it harder for families to meet their housing needs. To address this issue, experts and policymakers are working together on a detailed plan to improve housing availability and affordability. This roadmap outlines the steps needed to create a sustainable housing market.

Canadian homeowners are turning back to borrowing against home equity as Home Equity Line of Credit (HELOC) usage increases at nearly the same rate as mortgage debt. Statistics Canada data shows HELOC debt reached $170 billion in September, growing by 3% over the previous year. Meanwhile, the broader category of household debt secured by housing, which includes HELOC-like loans, climbed 3.2% to $325 billion during the same period.

YieldStar, an AI-powered software created by Texas-based RealPage Inc., has come under scrutiny for its role in influencing rental prices. The tool provides pricing recommendations to landlords by analyzing market trends, tenant demand, and other factors. While it claims to optimize profits by responding to market dynamics, critics argue that it enables landlords to push rents higher, worsening affordability for tenants.

Canada’s inflation rate has risen more sharply than expected, with significant implications for household budgets and property costs. In October, Statistics Canada reported a 6% annual increase in property taxes, the highest rate since 1992, marking a steep jump in the cost of homeownership. This coincided with an unexpected acceleration in the Consumer Price Index (CPI), which tracks changes in the prices of goods and services. Economists had anticipated inflation easing, but these new figures suggest persistent upward pressure on living costs.

Canadian household debt has reached an all-time high, exceeding $3 trillion for the first time, according to recent data. This total includes mortgage and non-mortgage debt, reflecting a 3.6% annual increase. Economists warn that this growing debt could have significant implications for the country’s economic stability as borrowing continues to outpace income and economic growth.

A prominent real estate project in Surrey, the **District Northwest**, has been placed under receivership, marking a significant financial setback for its developer, Thind Properties. The project, which was envisioned as a pair of high-rise towers located at 13438 105A Avenue, encountered substantial financial hurdles, culminating in this legal decision in November 2024. The receivership stems from an $85 million debt owed to KingSett Capital, one of Canada’s largest private equity real estate firms.

The Canada Mortgage and Housing Corporation (CMHC) announced an eight percent rise in the annual pace of housing starts for October. This significant increase in construction activity compared to September highlights ongoing efforts to address Canada's persistent housing supply challenges. The rise in new construction is seen as a step toward easing the pressure on the housing market and meeting growing demand.

Across Canada, a growing trend is sparking conflict between landlords and tenants. As more rental properties are put up for sale, landlords are increasingly using "cash-for-keys" agreements or resorting to bad-faith evictions to clear out tenants. These situations often create tense standoffs, as tenants resist offers they feel are unfair or fight back against improper eviction notices.

Nestled in Toronto’s prestigious Rosedale neighborhood, a $20-million property is turning heads for its blend of history, architecture, and modern luxury. Originally designed by renowned architect Eb Zeidler, the home is a testament to timeless innovation. Zeidler, celebrated for his role in creating Toronto landmarks like the Eaton Centre, left his signature touch on this residence, making it a true architectural masterpiece.

Prime Minister Justin Trudeau’s government has unveiled plans to reduce immigration levels in an effort to tackle Canada’s growing housing crisis. According to the Office of the Parliamentary Budget Officer (PBO), these measures could narrow the housing supply gap by 45% by 2030. This reduction would represent 534,000 fewer units needed to meet demand, bringing the projected shortfall down to 658,000 homes from the previous estimate of over one million.

Canadian home sales recently reached their highest level since April 2022, with a 7.7% increase in October compared to the previous month. This growth highlights a significant resurgence in the market, particularly after months of cautious activity driven by higher borrowing costs. The Canadian Real Estate Association (CREA) attributes this uptick to pent-up demand, as many buyers returned to the market after sitting on the sidelines.

Canada Mortgage and Housing Corporation (CMHC) has raised concerns about growing risks in the country’s housing market. In its latest report, CMHC highlighted a rise in mortgage delinquencies and the increasing reliance on alternative lending options. These trends suggest that Canadians are struggling to manage their housing costs amid high-interest rates and economic uncertainty.

Mississauga's Mayor Carolyn Parrish has voiced strong support for the Exchange District development project, a transformative initiative led by Camrost Felcorp. Located in the heart of downtown Mississauga, the project aligns with the city’s strategic growth plan to accommodate a rapidly expanding population, expected to surpass 850,000 by 2031. Parrish sees the project as a cornerstone for modern urban living in one of Canada’s fastest-growing cities.

Canada’s housing crisis is an increasingly pressing issue, and experts are urging the nation to consider a surprising source of inspiration: Europe. European cities like Vienna and Amsterdam have adopted innovative housing policies that focus on affordability, community living, and sustainability, offering valuable lessons for Canada. These models prioritize long-term affordability by involving public ownership, cooperative housing, and regulations that keep rents stable over decades.

In Toronto's picturesque Leaside neighborhood, the Upper East Village community is reimagining what downsizing means. This thoughtfully designed development targets Gen-Xers and Baby Boomers, blending upscale living with practicality for those looking to transition from larger homes to a more manageable lifestyle. Its location offers a unique balance of convenience and charm, with easy access to local boutiques, dining options, and expansive green spaces, making it an attractive option for those seeking both comfort and leisure.

A semi-detached home on Queen Street East in Toronto has sparked interest and intense negotiations between two buyers after its price was unexpectedly increased. The property, which had been on the market for several weeks, initially attracted attention due to its location and potential. However, the sudden price adjustment led to a flurry of discussions and bidding.