BC Housing is moving forward with plans to redevelop Evergreen Terrace in Victoria, aiming to transform the aging 7.8-acre site into a modern residential community with approximately 900 rental units. The project seeks to replace the existing 196 units—175 affordable rentals and 21 supportive housing units at Spaken House—with a mix of affordable and market-rate homes. The redevelopment will include nine residential buildings, ranging from six to 20 storeys in height, designed to better serve current and future residents.

Canada's ban on foreign homebuyers, introduced in January 2023 and extended to 2027, aimed to cool the housing market and improve affordability. However, recent analyses suggest that the policy has had minimal impact on housing prices and availability. Royal LePage reported that the ban has "virtually no impact" on housing prices, as foreign buyers constitute a small fraction of the market.

A semi-detached home in North York featuring a newly built laneway suite recently sold for less than its asking price, highlighting the complexities of Toronto's evolving housing market. Despite the added value of a separate laneway unit, the property did not meet its listing expectations.

In Burlington, Ontario, some homeowners are quickly preparing their properties for sale to take advantage of a quieter real estate market before the holiday season. With fewer listings and less competition, sellers see this period as an opportunity to attract serious buyers.

Canada's rental market saw its sixth consecutive annual decline in March 2025, with the national average asking rent falling 2.8% year-over-year to $2,119, according to a report from Rentals.ca and Urbanation. This marks a continued trend of decreasing rents that began in late 2024, offering some relief to renters after years of rising costs.

Toronto-based developer Tridel has officially signed a contract to take over the construction of The One, a high-rise project located at the intersection of Yonge and Bloor streets. This agreement follows a court approval, marking a significant step forward for the development, which has faced financial challenges in recent years. Tridel is set to serve as the project manager, construction manager, and sales manager, with the building's completion anticipated in 2028.

Canadian home sales fell sharply in March 2025, reaching their lowest level for the month since 2009, according to the Canadian Real Estate Association (CREA). Sales dropped 4.8% from February and were 9.3% lower than in March 2024. This decline is largely attributed to economic uncertainty stemming from U.S. tariffs and a broader slowdown in the housing market.

Canada's housing market is experiencing its most significant downturn in decades, with affordability reaching record lows across the country. According to a recent report by the Royal Bank of Canada (RBC), the cost of owning a home has escalated to levels unseen in the nation's history, particularly in major cities like Vancouver and Toronto. In Vancouver, the situation is especially dire, with the cost of homeownership consuming over 106% of the median household income, signaling a full-blown crisis.

A historic Edwardian home near Toronto's High Park has been thoughtfully renovated to blend early 20th-century charm with modern luxury. Designed by Vives St-Laurent in 2023, the High Park Residence preserves the elegance of its era while updating the space for contemporary living. The renovation emphasizes natural light, open spaces, and a seamless connection between indoor and outdoor areas.

The Canada Mortgage and Housing Corporation (CMHC) announced a 7% decrease in the annual pace of housing starts for March 2024, with the seasonally adjusted annual rate falling to 242,195 units from 260,047 in February.

Toronto continues to dominate North America's construction scene, boasting 106 active tower cranes in the first quarter of 2025, according to Rider Levett Bucknall's (RLB) latest Crane Index report. This figure is more than double that of Los Angeles, the next closest city, which recorded 42 cranes. Despite RLB narrowing its survey area in 2024 to focus solely on Toronto's downtown core—a 3.5-kilometre radius from Bloor Street West and Avenue Road—the city's crane count remains unmatched.

Housing remains one of Canada's most pressing election issues, driven by soaring prices and a shortage of affordable options. The dream of homeownership has become increasingly elusive, especially for younger Canadians who struggle with high rents and stagnant wages. This crisis has pushed housing to the forefront of political debates, with all major parties proposing solutions to address the growing concerns.

In Toronto’s competitive condo market, a spacious unit in the Distillery District has captured attention by offering more room than typical downtown condos. While many new builds focus on compact layouts, this particular condo stands out for its generous size, providing a comfortable living space in a sought-after neighborhood.

Cottage season in Canada is a cherished time when families and friends head to their cottages for relaxation, outdoor activities, and enjoying nature. Whether you have a lakeside cabin or a countryside retreat, preparing your cottage for the season is crucial for ensuring a comfortable and safe stay. The transition from winter to spring brings several tasks to complete, from checking your cottage’s plumbing to getting the lawnmower ready for the season. By tackling these essential steps early, you’ll be able to enjoy a stress-free cottage experience.

Toronto's housing market faced a significant slowdown in March 2025, with home sales dropping by 23.1% compared to the same month last year. The Toronto Regional Real Estate Board (TRREB) reported only 5,011 homes sold, marking one of the slowest March performances in recent memory. This decline occurred despite the Bank of Canada's efforts to stimulate the market by reducing interest rates by 2.25 percentage points since June 2024.

A Victorian-era home in Toronto’s Cabbagetown neighbourhood is turning heads with its classic charm and original features. Listed at $1.78 million, this three-storey house on Metcalfe Street offers a blend of historic character and modern comfort. With 14-foot ceilings, original fireplaces, and bay windows, the property showcases the elegance of 19th-century architecture. The red brick façade and custom masonry details further highlight its timeless appeal.

Ontario’s real estate and development sector experienced a wave of significant leadership changes and promotions in March 2025, reflecting the industry's dynamic nature and ongoing growth. Key players across development, brokerage, and finance sectors announced strategic appointments aimed at strengthening their operations and adapting to market demands.

A Toronto condo investor is being sued for $860,000 after failing to finalize a pre-construction purchase, highlighting a growing trend of buyers walking away from deals as the market shifts. The lawsuit, filed by the developer, claims the investor defaulted on the agreement, leading to significant financial losses.

Mark Carney, former governor of the Bank of Canada and potential future Liberal leader, says the federal government needs to step up and build more homes. Speaking at a housing event in Toronto, Carney said Ottawa should get back into the "business of homebuilding" to help fix Canada’s housing crisis. He believes the federal government can help speed up construction and reduce costs by working directly with cities and provinces.

A modest bungalow in Toronto's Rockcliffe-Smythe neighborhood is on the market for $900,000, positioning itself as a potential alternative to condo living. This two-bedroom home offers a unique opportunity for buyers seeking the benefits of a detached property without the higher price tag often associated with larger houses in the city.

As the snow melts away and the days grow longer, many Canadians look forward to the arrival of spring. Along with the season’s fresh air and warmer weather comes the perfect opportunity to tackle spring cleaning. After a long winter, homes can accumulate dust, dirt, and grime that have settled in during the colder months. Spring cleaning is more than just an opportunity to refresh your home; it’s a chance to remove the buildup that winter left behind and start the new season with a clean, organized living space.

Canadian banks are becoming more cautious in approving mortgages for workers in industries vulnerable to U.S. tariffs, particularly those threatened by former President Donald Trump. Mortgage brokers report that banks are tightening lending criteria for employees in sectors like steel, aluminum, and auto manufacturing, which are at risk of being affected by new tariffs. This increased scrutiny stems from concerns about potential job losses and income instability in these industries.

Atlantic Canada and the Prairie provinces are facing significant economic challenges due to escalating trade tensions and a downturn in Toronto's housing market. Recent retaliatory tariffs from China, responding to Canada's earlier levies on electric vehicles and metals, have targeted key sectors like agriculture and fisheries. This has particularly impacted regions heavily reliant on exports.

Canadian business leaders are expressing growing concerns about the country's economic future. The Bank of Canada's latest Business Outlook Survey for the first quarter of 2025 indicates a significant drop in business confidence, with the overall indicator falling to -2.1. This level suggests that businesses anticipate near-zero economic growth in the coming months.

Canada's job market showed signs of strain in March, with the private sector shedding 48,000 jobs, leading to a net employment decline of 33,000 positions nationwide. This downturn was primarily felt in Ontario and Alberta, which lost 28,000 and 15,000 jobs respectively. In contrast, Saskatchewan added 6,600 jobs, offering a modest counterbalance to the national figures.