Real Estate News

TORONTO — Leon's Furniture Ltd. says it's planning to build upwards of 4,000 homes on land around its head office at the intersection of two major Toronto highways. The furniture retailer says it has already secured a rezoning of the 16.

TORONTO — One walk through a home tells Rachael Stafford what adjustments are needed to pique the interest of potential buyers.

Vancouver's city council has approved a high-density development concept for a 36-hectare site on the city's west side, involving13,000 new homes.

MONTREAL — The president and co-founder of real estate firm Sutton-Québec is facing arson and conspiracy charges linked to fires allegedly started in buildings housing other brokers.

When Nandini Gokhale took over a friend’s lease for a bedroom in an Ottawa home in 2020, she was happy she'd found an affordable space in the middle of the pandemic.

TORONTO — Blackstone Real Estate says it will purchase all outstanding shares in Tricon Residential Inc. and take the Toronto-based rental development company private. New York-based Blackstone says it will pay about US$11.

TORONTO — Canada's Housing Minister is warning that municipalities won't succeed with applications for federal housing accelerator funding unless they are flexible on zoning rules.

A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but an 8.6 per cent jump year-over-year. The data released Monday by Rentals.

With interest rate cuts likely on the horizon, the Canadian Real Estate Association expects the number of homes changing hands this year to grow following a slowdown in 2023.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales in December fell four per cent compared with the same month a year earlier.