For The Work-From-Home Era, Vansoho Development Has A Modern Vision
27 Dec

For The Work-From-Home Era, Vansoho Development Has A Modern Vision

Real Estate, Trend,
STOREYS The COVID-19 pandemic changed the world in many ways, with one of the most pivotal being where we work. Today, many of our workplaces have become inextricably connected to where we live. In light of this, developers are being called to emphasize homes that are built not just for life and play but also for remote work. This is where Vansoho Development has made a name for itself. In fact, the mission is actually in the developer's name. No, 'Vansoho' is not an amalgamation of Vancouver and SoHo, the trending neighbourhood in Manhattan; instead, it blends 'Vancouver' with 'SOHO,'…
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Metro Vancouver To Get $250M From Feds For Iona. Will It Freeze DCCs In Return?
27 Dec

Metro Vancouver To Get $250M From Feds For Iona. Will It Freeze DCCs In Return?

Real Estate
STOREYS The Metro Vancouver Regional District (MVRD) has reached an agreement with the Government of Canada that will see the MVRD receive $250 million in funding that will go towards the Iona Island Wastewater Treatment Plant. The funding will be coming via the $6 billion Canada Housing Infrastructure Fund (CHIF) launched this year and will be provided over five years, starting in 2025-2026. The agreement is one of the first to be reached under the CHIF. The agreement was confirmed to STOREYS by Metro Vancouver, who called it "an important next step in delivering this essential piece of infrastructure" and…
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GTA New Home Sales “Continued To Languish” In November 2024
27 Dec

GTA New Home Sales “Continued To Languish” In November 2024

Trend,
STOREYS It was more of the same for new home sales in November: "The GTA new home market continued to languish," says Edward Jegg, Research Manager with Altus Group, the company that analyses market data for the Building Industry and Land Development Association's (BILD) monthly new home marker report. Consistent with a year-long trend in slow sales, the report finds November saw 759 new homes sales across the GTA following a mere 765 sales in October. Overall, sales in November were down a discouraging 55% year over year and 77% below the 10-year average. Building Industry and Land Development Association…
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Promoted: Showcase Home Near Okanagan Lake Hits Market For $2.6M
27 Dec

Promoted: Showcase Home Near Okanagan Lake Hits Market For $2.6M

Buy, Editor's Picks, Promoted
STOREYS In British Columbia's Okanagan Valley, the biggest and most beautiful landmark is undoubtedly Okanagan Lake, which is omnipresent regardless of where you are in the Okanagan. The huge river-shaped lake stretches 135 kilometres, beginning near Vernon and running down to Penticton, and is enjoyed by at least five other municipalities. The biggest of those municipalities in Kelowna, where the exquisite property at 1454 Rocky Point Drive recently hit the market for $2.6 million. The property is situated about midway between the University of British Columbia's Okanagan campus and downtown Kelowna, near the east coast of Okanagan Lake, which is…
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Policy Of The Year: Development Charges
27 Dec

Policy Of The Year: Development Charges

Editor's Picks, Real Estate, Trend,
STOREYS ‘Policy of the Year’ is part of STOREYS' annual editorial year-end series. You can find the rest of our 2024 selections here as they're released throughout the week. As another year closes, the key message remains more or less the same: Canada needs to build more homes – ASAP. While that seems like a natural solution to the country’s relentless housing supply crisis, it's no secret that the barriers to this feat have been plenty in 2024. These include high interest rates, pricey construction costs, a labour shortage, and – perhaps most notably, especially in places like Toronto and…
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What Ontario’s Cottage Market Could Look Like In 2025
27 Dec

What Ontario’s Cottage Market Could Look Like In 2025

Editor's Picks, Real Estate, Top News, Trend
STOREYS In Ontario's cottage country, "give six feet" distancing stickers have long been scraped off the floors of general stores and main street businesses from Collingwood to Haliburton, but the hangover from the pandemic-incited cottage mania was still being felt across the region's real estate markets in the beginning of 2024. "Things are a little different depending on which cottage country region you’re looking at, but overall, I would say the market was down slightly this year for waterfront properties, maybe by 10%," President of OnePoint Association of Realtors and former-President of the Lakelands Association of Realtors Bonnie Looby tells…
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The Top 5 PropTech Trends Of 2024
27 Dec

The Top 5 PropTech Trends Of 2024

Editor's Picks, Real Estate, Top News, Trend, ,
STOREYS From immersive sales experiences to buyer data analytics, throughout 2024, property technology — PropTech — continued to unlock unprecedented opportunities for efficiency and growth. Developers and realtors involved in new development projects are leveraging cutting-edge tools to engage buyers more effectively, streamline operations, and gain deeper insights into market trends. And on the other side of the equation, buyers and future tenants are looking to utilize PropTech tools that will enhance their lifestyle — and give them more control over their homes. As we round out 2024, here's a look at the PropTech trends that stood out above the…
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Ontario MP Nathaniel Erskine-Smith Named Federal Housing Minister In Cabinet Shuffle
27 Dec

Ontario MP Nathaniel Erskine-Smith Named Federal Housing Minister In Cabinet Shuffle

Real Estate
STOREYS On Friday morning, Prime Minister Justin Trudeau announced major changes to his cabinet, including the appointment of Ontario MP Nathaniel Erskine-Smith to Minister of Housing, Infrastructure and Communities. Erskine-Smith is replacing former Housing Minister Sean Fraser, who stepped into the role in July 2023 and announced his departure from the federal cabinet on Monday, citing his desire to spend more time with his family in heartfelt remarks to the press. Erskine-Smith comes to Trudeau’s cabinet with a background in commercial litigation and after nine years as Member of Parliament for Beaches-East York. He assumed that role in October 2015.…
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A Sleek 33-Storey Development Could Be Headed For Toronto’s Stockyards
27 Dec

A Sleek 33-Storey Development Could Be Headed For Toronto’s Stockyards

Commercial, Invest
STOREYS Toronto-based Diamond Corp has filed for a site-specific Official Plan Amendment (OPA) to admit the development of 33-storey mixed-use building that would bring 429 residential units and 4,596 sq. ft of retail space to The Stockyards neighbourhood. The application was submitted in mid-December, and is currently under review. If approved, the development would replace a vacant site that was formerly a coin car wash facility. Initially, Diamond Crop envisioned redeveloping the site with a 31-storey residential, office, and retail building. The developer filed its first application in August 2022, but in May 2022 City Council had adopted the Keele-St.…
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Unlock property insights: Everything you want to ask as a first-time homeowner
27 Dec

Unlock property insights: Everything you want to ask as a first-time homeowner

Buy,
Real Estate – Toronto Life First-time homebuyers face a sharp learning curve when they step onto the property ladder — and the education process doesn’t end after the closing date. Many firsts await new homeowners. From navigating property taxes and insurance to maintenance and renovations, there’s lots to contend with once you join the two-thirds of Canadians who own a home. The good news? MPAC, the Municipal Property Assessment Corporation, is an independent not-for-profit organization that assesses the value of every property in Ontario and has developed several tools to help you understand your property assessment, and how it relates to your…
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