Storeys research

Canadian Home Prices Stopped Falling In June (And Buyers Were Already Moving)

Canadian home prices did something unremarkable in June: nothing. The National Composite MLS Home Price Index was unchanged from May, according to the Canadian Real Estate Association's July 15 release . That flat reading ended a monthly decline that had run since January 2025. The pause arrived after buyers had…

Canada

Posted today·Published Jul 16, 2026Read

Storeys

In Canada's West, This Developer Is Building More Than Houses

There's a version of new home construction that most buyers know well: a patchwork of builders, a streetscape that never quite coheres, a construction zone that lingers years after move-in. Mattamy Homes has spent decades building something different. And in Calgary and Airdrie, that difference is on full display…

HomebuildersCanadaCalgary

Posted today·Published Jul 15, 2026Read

Storeys

Bank Of Canada Holds Interest Rate At 2.25% In July

On July 15, the Bank of Canada held its overnight rate at 2.25%, pointing to early signs of a broadening economic recovery. Policymakers say the economy is starting to turn a corner after a rough stretch shaped by tariffs, elevated uncertainty, and slower population growth — the labour market has stayed soft…

Canada

Posted today·Published Jul 15, 2026Read

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Minto Shifts To Purpose-Built Rental For Five-Tower Mimico Proposal

It’s been around a decade since plans were put in motion for Grand Park Village: a multi-block, mixed-use community proposed for 2 and 10 Audley Street and 29, 31, 39, 59, and 71 Portland Street. The series of addresses are a five-minute walk from Mimico GO, which has drawn plenty of development focus in recent…

CanadaPortland

Posted today·Published Jul 14, 2026Read

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Cromwell After More Toronto Rental With 45-Storey Leaside Station Proposal

Montreal-based Cromwell Management appears to be on a development proposal streak after filing its third major application with the City of Toronto since the spring. The latest plans are for a 45-storey mixed-use building at 525 Eglinton Avenue East, where it would be a five-minute walk from the recently-opened…

CanadaMontreal

Posted today·Published Jul 14, 2026Read

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Mixed-Use 31-Storey Tower Proposed Near Future 152nd Street Station In Surrey

New development proposals continue to pop up along the Fraser Highway corridor, as the Surrey-Langley SkyTrain currently under construction is expected to bring forth waves of new development. On Monday, Surrey City Council considered a new rezoning application submitted by 1098261 BC Ltd. for a land assembly…

Canada

Posted today·Published Jul 14, 2026Read

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Axia Real Assets Bids $1.23B For Plaza Retail REIT

Last week, Toronto-based real estate fund Axia Real Assets LP revealed that it has submitted a non-binding offer to take over New Brunswick-based Plaza Retail REIT (TSX: PLZ.UN) in a deal that would value the REIT at $1.23 billion, including $670 million of debt. Axia Real Assets is offering a purchase price of…

RetailREITsDebt & FinancingCanadaToronto

Posted today·Published Jul 13, 2026Read

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Beedie Breaks Ground On 60-Acre Surrey Industrial Park

Beedie has officially started construction on South Campbell Heights Business Park, a 60-acre industrial development at 19084 20th Avenue in Surrey, BC. And it's a significant one — once complete, the park will deliver more than 1 million sq. ft of industrial space, positioning itself as the gateway to South…

Industrial & LogisticsCanada

Posted today·Published Jul 13, 2026Read

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Grosvenor Ups Vancouver Mayfair West Master Plan To 2,600 Units

Years after unveiling redevelopment plans, and nearly 10 years after the site was first sold, UK-based developer Grosvenor has significantly revised the plan for Mayfair West, the master-planned community set for what was formerly known as the Oakridge Transit Centre in Vancouver. Mayfair West is set for a 14-acre…

CanadaVancouver

Posted today·Published Jul 10, 2026Read

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Half-Acre Bluffs Listing Boasts Frank Lloyd Wright Connection (And Water Views)

Not every Toronto listing can claim a Frank Lloyd Wright connection. 2 Ledge Road can. Designed by an architect who studied under Wright, this mid-century modern home sits on a full half-acre ravine lot in Cliffcrest, with southeast-facing unobstructed water views and the kind of seclusion that's increasingly hard…

CanadaToronto

Posted today·Published Jul 9, 2026Read

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Trophy Office Assets Standing Out In More Ways Than One: Report

Since the pandemic, investor appetite for office assets has dropped significantly as a result of the increased uncertainty around offices. Have downtowns been changed forever? When will workers return to the office? What are office buildings worth? As a result of that uncertainty, office sales as a proportion of…

OfficeCanada

Posted today·Published Jul 9, 2026Read

Storeys

Experts On Canadian Housing: What You Missed At SiteSummit 2026

SiteSummit 2026 — presented by SiteNews and EllisDon — leaned into its "Summer School" theme, packing its Toronto program with sessions on everything from AI adoption to modular construction. Among them, three sessions dug into housing from very different angles: a market update, a materials-focused deep dive on…

CanadaToronto

Posted today·Published Jul 8, 2026Read

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KingSett Buys Insolvent TAS Labatt Village Project With $84.1M Credit Bid

The Labatt Village project by Toronto-based developer TAS is changing hands following a relatively quick receivership proceeding, according to filings in Ontario Superior Court. At 7 Labatt Avenue and 77 River Street in Toronto, a 1.34-acre property located between Dundas Street East and Queen Street East near the…

Debt & FinancingMultifamilyCanadaToronto

Posted today·Published Jul 7, 2026Read

Storeys

TD Bank Places 27-Storey Burlington Waterfront Project Under Receivership

Real estate insolvencies have, unfortunately, become relatively commonplace over the past few years, but few have involved Canada’s biggest banks, making a recent case a rare occurrence. The project is a 27-storey mixed-use condo project called the Burlington Waterfront, which was being developed by Toronto-based…

CanadaToronto

Posted today·Published Jul 7, 2026Read

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Expert: How Alberta Is Building Faster (And Ontario Could Learn From It)

By any measure, Alberta is outperforming the rest of the country when it comes to getting shovels in the ground and homes built. The numbers tell the story. Alberta recorded a surge in housing starts in 2025, rising sharply year over year, while Ontario moved in the opposite direction, with starts falling and…

HomebuildersCanadaAlberta

Posted today·Published Jul 6, 2026Read

Storeys

Beaches Beauty Sells Over Asking After 6 Days On The Market

We're smitten with this 3-bed beauty that was just snapped up in The Beaches. At 138 Lee Avenue, the layout runs across 2½ storeys plus a finished basement — four usable floors in total. The main floor opens from a tiled foyer into a living room with an electric fireplace and stained glass detail, through to a…

Canada

Posted today·Published Jul 3, 2026Read

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Moving Day: June 2026 Industry Hires And Promotions

We know you like to know what's up. For your information, reference, and networking needs, here are the moves, hires, and promotions the real estate and development sector saw in June 2026: Joshua Nsimbehe has joined Hines as a Summer Analyst of Investment and Strategy on the Fund Management team. Ryan Ounjian has…

Canada

Posted today·Published Jul 2, 2026Read

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What’s Open And Closed In Toronto On Canada Day 2026

Canada Day has officially come back around. As a national statutory holiday, many stores, businesses, and services will be closed on Wednesday, July 1. To help you plan your festivities, here's what's open and closed in Toronto: What’s Closed in Toronto on Canada Day: General Banks Government offices and services…

CanadaToronto

Posted today·Published Jun 29, 2026Read

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What’s Open And Closed In Metro Vancouver On Canada Day 2026

We're here with what you need to know about Canada Day in Metro Vancouver for 2026. To start, public transit will be operating on holiday schedules. According to TransLink , buses will run on a holiday/Sunday schedule, while SkyTrains and SeaBuses will all run on modified versions of the Sunday/holiday schedule.…

CanadaVancouver

Posted today·Published Jun 29, 2026Read

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Toronto Slashing DCs By Up To 60% As Ontario Municipalities Sit On Billions In Reserves

Ontario was sitting on roughly $10.5 billion in development charge (DC) reserves by the end of 2024, according to a recent report from Desjardins that argues municipalities have become overly accustomed to the fees as a source of revenue. More controversial still, DCs remain one of the most serious obstacles to new…

CanadaToronto

Posted today·Published Jun 25, 2026Read

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ELM And Fiera Break Ground At 270 Sheppard West

ELM Developments and Fiera Real Estate acquired the assembly at 270 Sheppard Avenue West on January 29. They broke ground on June 17. In a market where rental projects routinely spend years in rezoning, moving from purchase to shovels in under five months is the point — and at 270 Sheppard, they planned it that…

MultifamilyCanadaToronto

Posted today·Published Jun 25, 2026Read

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OpenForm, Alabaster Planning 32-And 28-Storey Towers In Metrotown

Vancouver-based developers OpenForm Properties and Alabaster Homes are partnering on a two-tower project in the Metrotown neighbourhood of Burnaby, according to a rezoning application set to be considered by Council this week. The subject site of the proposal is 6470 and 6508 Silver Avenue, which is located…

CanadaVancouver

Posted today·Published Jun 22, 2026Read

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GTA Low-Rise Sales Top 10-Year Average For Second Month

GTA new home sales aren't out of the woods yet — but the low-rise market is making a strong case for optimism. For the second consecutive month, single-family home sales in the Greater Toronto Area surpassed the 10-year average, buoyed by the enhanced HST rebate program introduced in April 2026. According to new…

HomebuildersCanadaToronto

Posted today·Published Jun 22, 2026Read

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Canderel Breaks Ground On Forêt Forest Hill With Five-Bank Financing In Place

At Bathurst and St. Clair, Canderel has officially started construction on Forêt Forest Hill — its three-tower, master-planned community in midtown Toronto. The development has secured construction financing from a consortium of five major Canadian banks led by CIBC, with National Bank, TD, Desjardins, and…

CanadaToronto

Posted today·Published Jun 19, 2026Read

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The 6 Key Takeaways From CMHC's 2026 Mid-Year Rental Market Update

Last week, Rentals.ca published their latest rental market report , noting that the average asking rent in Canada declined by 4.7% year over year in May, marking the 20th consecutive month to see a year-over-year decline. “Since reaching a low of $1,662 in April 2021 during COVID-19, average rents have risen 22.1%,…

Canada

Posted today·Published Jun 18, 2026Read