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Ontario Real Estate News

Canada’s economic powerhouse, Ontario offers diverse real estate opportunities, from bustling city condos to quaint lakeside cottages.

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Latest Stories

  • Development

Dixie Outlet Mall Redevelopment Proposed

The Plan Dixie proposal involves redeveloping part of Dixie Outlet Mall with over 1,200 units, raising building heights up to 18 storeys, and adding a new park.
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  • Development

1,808 Units to Replace Mississauga Mall

A major redevelopment proposal aims to transform Streetsville Centre Plaza in Mississauga into a mixed-use community offering 1,808 residential units.
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  • Development

Toronto Uses City-Owned Land for Rentals

Toronto is building 447 new rentals on city-owned land at 275 Merton St. in partnership with CreateTO and Collecdev-Markee, with 30% designated as affordable,
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  • Development

771 Units Proposed in Midtown Toronto

Midtown Toronto's growth continues with a proposed 59-storey tower near the future Mount Pleasant station, featuring 771 units and extensive amenities.
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  • Stats

New Home Sales Plummet in the GTA

May 2024 new home sales in the GTA hit their second lowest level since 1990, with significant declines in both condo and single-family home sales.
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  • Policy

Toronto Approves New Renoviction Bylaw

Toronto council approves a bylaw against illegal renovictions and commits $350M to build 6,000 rental units, enhancing renter protections and housing supply.
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  • Stats

27% of Canadian Renters Want to Buy

A new report shows 27% of Canadian renters plan to buy a home within two years, rising to 40% among those aged 18-34, but high prices are still a major hurdle.
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  • Stats

31% of First-Time Buyers Use Gifted Funds

Despite a cooler market, reliance on family gifts for down payments in Canada continues to increase, exacerbating the wealth gap while aiding home purchases.
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  • Development

908 New Homes Planned for Dixie Area

A mixed-use development proposal in Mississauga's Dixie area features two towers comprised of 908 residential units, extensive amenities, and retail space.
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  • Development

New Proposal for Annex Heritage Building

In Toronto's Annex neighbourhood, a unique proposal aims to build 10 stories on top of a historic 4-storey apartment building, adding 70 new residential units.
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  • Properties

3-Tower Brampton Site May Be For Sale

The Brampton development site at 253 Queen Street East, set for three high-rise towers, entered receivership in February and is now ready to hit the market.
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  • Development

892 New Units Proposed in North York

A significant redevelopment at 155 Antibes Drive will transform a 1970s site into a vibrant, mixed-use community with 892 new units, green spaces, and retail.
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  • Development

Vaughan’s New Performing and Arts Centre

Vaughan and QuadReal Property Group are building a state-of-the-art performance and arts centre in the Vaughan Metropolitan Centre, set to open by 2032.
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  • Stats

Burlington Struggles With Housing Target

Burlington's housing starts lag at just 3% of their 2024 target, costing the city millions in grants, while nearby cities perform significantly better.
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  • Development

39-Storeys Proposed in Jungle Triangle

Marlin Spring's 39-storey high-rise at 158 Sterling Road in Toronto features condos, commercial space, and live/work units as part of the Sterling Master Plan.
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  • Development

2 Skyscrapers Proposed Near Brampton GO

Proposed 55 & 58-storey towers near Brampton GO station aim to boost Downtown Brampton’s urban core with 1,628 units, retail space, and extensive amenities.
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  • Properties

Major Vaughan Project Under Receivership

A multi-tower project in Vaughan is under receivership due to a $29M debt, as partners lose confidence in developer's ability to fulfill financial obligations.
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  • Policy

Toronto Council Wants More Rentals

Toronto city council presents a new Rental Housing Supply Program featuring $351M funding to support 65,000 rent-controlled homes by 2030.
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  • Development

Etobicoke Cineplex Masterplan Proposed

Master-plan proposal aims to transform the Cineplex Queensway site in Etobicoke into 10 towers, 2 commercial buildings, and public spaces.
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  • Properties

Major Development Faces $363M Debt

A Mississauga industrial and residential development project faces receivership due to $60M budget overrun and $363M debt.
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  • Development

23-Storey Proposal in Richmond Hill

A 23-storey mixed-use tower with 395 units and an automotive dealership is proposed at 8790 Yonge Street, Richmond Hill, near the future High Tech station.
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  • Stats

TRREB Releases May Market Stats

GTA real estate market faces low sales amid high inventory, but prices remain stubbornly high despite economic uncertainty.
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  • Properties

Etobicoke Tower Bids Start at $9M

A development site in Etobicoke, with zoning approval for a 22-storey mixed-use building, hits the market following court-approved receivership proceedings.
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  • Development

1,300 Units Proposed in Port Lands

Castlepoint Numa plans two sleek skyscrapers in Toronto's Port Lands, adding 1,300 residential units and vibrant mixed-use spaces to an underdeveloped area.
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  • Development

Mississauga Offers Free Garden Suite Designs

Mississauga introduces free garden suite design plans to address housing challenges, offering customizable options while streamlining planning and approval.
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  • Development

7 Towers Proposed in Bram East

A development in Brampton's Bram East area proposes seven new high-rise towers, adding 2,461 residential units plus office and retail spaces.
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  • Development

3-Towers Proposed in McCleary District

Three towers, up to 49 storeys, are proposed near East Harbour Station, transforming an industrial site into a mixed-use hub.
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  • Development

Massive Proposal in Burlington

Burlington considers plans for 28 buildings ranging from 12 to 45 stories, covering over 51 acres with residential, commercial spaces, parks, and community centre.
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  • Development

243 Units Approved in Brampton

Brampton approves 243-unit condo and townhouse complex near Credit River, with upscale one to three bedroom units and amenities.
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  • Stats

Land Sales in Canada Cool Down

In 2023, the real estate market saw decreased sales volumes across residential, commercial, and industrial sectors due to economic uncertainties.
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  • Properties

High Park Development in Receivership

Over $42M of debt and liens have halted the High Park church-to-condo project, now under court-appointed receivership for potential sale.
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  • Properties

Bids For “The One” Start at $1.2B

The One, a landmark project in Toronto facing outstanding debts exceeding $1.5B, is up for sale with a minimum bid of $1.2B.
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  • Development

124 Units Proposed in Mississauga

Abandoned residential properties in Mississauga may transform into a 124-unit mixed-use development consisting of townhomes and semi-detached homes.
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  • Development

2024 BILD Awards Celebrate 49 Winners

The 2024 BILD Awards honored top achievements in the design, construction, marketing, and sales of new homes in the Greater Toronto Area.
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  • Policy

Toronto Councillor Wants More Parking

Toronto councillor advocates for reevaluating minimal visitor parking standards in new housing developments.
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  • Policy

Feds Order Oakville to Return $1.28M

Oakville must repay $1.28 million after rejecting federal housing density measures, breaching their funding agreement.
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  • Properties

67 Affordable Rentals Introduced in Brampton

Hotel converted into affordable housing provides 67 rental units for homeless and at-risk individuals in Brampton.
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  • Policy

Feds and Ontario Reach $357M Agreement

The federal government and Ontario finally reached a $357M agreement for new rent-assisted housing under the National Housing Strategy.
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  • Development

23-Storey Tower Proposed in Brampton

Golden Gate Properties' 23-story mixed-use complex at 4538 Castlemore Road will house 271 residential units and commercial space.
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  • Policy

Ontario Introduces 10-Day Cooling-Off Period

Ontario follows BC with a 10-day cooling-off period for new freehold home purchases to protect buyers.
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  • Development

Pickering Mayor Wants to Build Housing on Airport Lands

Pickering debates long-awaited airport development amid environmental concerns and housing shortage.
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  • Development

8 Towers Proposed to Replace Markham Mall

A proposal aims to redevelop Shops on Steeles and 404 mall into a mixed-use development housing over 5,000 residential units.
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  • Policy

Burlington to Reduce Development Charges

Burlington city council unanimously approves lowering development charges to expedite housing construction.
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  • Policy

Toronto Approves Higher Density on Major Streets

Toronto council has approved townhouses and apartments up to six storeys on major streets to address housing crisis.
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  • Development

56-Storey Skyscraper Proposed for Yonge-Eglinton Area

DiamondCorp plans a 56-storey condo skyscraper at Yonge and Eglinton, replacing a low-rise RBC building.
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  • Development

161-Units Proposed in Burlington

Proposed 12-storey mixed-use building at 35 Plains Road East in Burlington features 161 residential units, underground parking, and commercial spaces.
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  • Development

40-Storey Tower Proposed Steps from Sheppard-Yonge Station

Skale Developments' proposal could replace an Esso gas station with a 40-storey tower housing 536 units.
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  • Policy

Toronto Council to Vote on Commercial Rent Reform

A motion advocating commercial rent reform aims to help preserve local businesses in Toronto.
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  • Policy

Federal Minister Threatens to Pull Funding From Oakville

Oakville risks losing $25 million in federal housing funds after rejecting density measures.
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  • Stats

Housing Starts in Ontario Slow Down to 2018 Levels

Ontario's new home construction declines by 37% compared to last year, impacting affordability and supply.
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  • Development

Mississauga Residents Petition Against New Development

Mississauga residents oppose an 11-storey condo development near Richard's Memorial Park.
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  • Development

8-Towers Housing 1,571 Units Approved in Milton

Milton approves eight-tower development despite resident objections over congestion, privacy, and local services.
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  • Stats

Value of Building Permits in Canada Drops in March

The total value of building permits in Canada dropped 11.7% to $10.5B in March, but increased 3.7% quarter-over-quarter.
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  • Development

2 New Buildings Proposed for Downtown Brampton

Amdev's 48-storey tower and Algoma University's student residences aim to join Brampton's growing urban landscape.
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  • Policy

Key Takeaways From Mississauga’s Housing Debate

Mayoral candidates Alvin Tedjo and Dipika Damerla share their plans during More Homes Mississauga’s housing debate.
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  • Infrastructure

Ontario Receives Over $200M for New Child Care Spaces

The federal government allocates $201.87 million to Ontario to create 86,000 new child care spaces by 2026.
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  • Stats

Gen Z and Immigrants Show Strong Demand in Ontario

Ontario's housing market sees fewer buyers due to economic factors, while gen Z and immigrants continue to be active.
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  • Development

3 Towers Could Replace Burlington Warehouse

A redevelopment plan in Burlington proposes three high-rise condo buildings with 722 units.
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  • Development

Pickering Leads the Way in Achieving Housing Targets

Pickering exceeded targets by 58% in 2023 and continues to make significant progress this year.
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  • Development

45-Storey Development Proposed in Islington Village

Forest Gate Group proposes a 45-storey mixed-use tower in Islington Village, Etobicoke.
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  • Stats

Asking Rents in Canada Remain at Record Levels

Alberta and Saskatchewan lead the way as Canadian residential rents increase 9.3% year-over-year.
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  • Development

Development Proposed for Former Mississauga School Site

Residents oppose plans for townhouse development on former Mississauga school site, raising concerns about traffic and safety.
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  • Infrastructure

Federal and Provincial Governments Give $200M for World Cup

Toronto prepares to host the 2026 FIFA World Cup with over $370M in federal, provincial, and municipal funding.
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  • Stats

Toronto Offices Hit Record High Vacancy

Greater Toronto's office vacancy rate hit a 24-year high of 13.7% in Q1 2024, driven by new constructions and changing workplace trends.
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  • Development

4 Towers and Public Park Proposed Near Whitby GO

Port Whitby area sees a significant development proposal with four towers near transit hub and highway.
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  • Infrastructure

Designs Unveiled for Toronto’s New Bridge

Toronto's Equinox Bridge connects downtown to Villiers Island with innovative design.
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  • Development

Master-Planned Community Proposed for Vaughan

Zanchin Automotive proposes a redevelopment project with residential, retail, and office spaces in Vaughan.
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  • Policy

Federal Government Sends Funds to Ontario Municipalities

Frustrated with Ontario's housing efforts, federal government sends $357 million directly to municipalities.
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  • Development

Developers See Potential in Jane and Finch Area

Stanford Homes proposes a 29-storey building in Toronto's Jane and Finch neighborhood.
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  • Properties

Townhouse Project in Ajax Under Receivership

Ontario court grants receivership over Ajax Meadows due to substantial debt.
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  • Stats

GTA Market Rebounds From Lows in January

GTA real estate prices rebounded strongly in three months as consumers anticipate rate cuts.
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  • Development

Affordable Rental Building Proposed for Parkdale

Proposed infill project at 1337-1355 King Street West aims to provide 92 affordable rental units in Parkdale.
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  • Properties

Cordage Heritage District Owner Defaults on $12M Loan

Ontario court appoints receiver over historic Cordage Heritage District due to financial issues.
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  • Development

3 Rental Buildings Proposed Near Eglinton GO

Eglinton Avenue sees major housing overhaul with Hazelview's proposal for rental towers housing 1,172 units.
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  • Properties

King Square Shopping Centre in Markham Enters Receivership

King Square Shopping Centre and adjacent land will be sold to pay off over $52 million in debt.
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  • Development

Pickering Shopping Centre to be Replaced with 14 Towers

Pickering's Brookdale Centre will transform into a futuristic mixed-use community offering over 5,000 residences.
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  • Infrastructure

Highway 413 Construction Will Begin in 2025

Premier Doug Ford announces construction of Ontario's Highway 413 to start next year.
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  • Development

Toronto Council Rejects 17-Storey High Park Proposal

Toronto city council rejected a 17-storey proposal near High Park due to non-compliance with planning policies and community concerns.
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  • Properties

38-Storey Yorkville Site Listed for Sale

Colliers' new listing is a 5,120 sqft site zoned for a 38-storey tower in the heart of Yorkville.
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  • Development

Over 1,200 New Homes Proposed Near Yonge And Eglinton

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  • Development

Durham Region Invests $10.25M for Affordable Housing

Durham Region invests $10.25 million in Ajax, Uxbridge, and Whitby for affordable housing projects.
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  • Development

North York YMCA Being Rebuilt Alongside Two New Towers

Sheppard Avenue transformation includes four new residential towers, a new YMCA, and community amenities.
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  • Development

Over 900 Homes Planned for Scarborough Centre

The proposed development represents one of the largest affordable housing projects in Ontario in the past 25 years.
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  • Properties

22-Storey Rental Project Enters Receivership

The proposed 259 unit project located at 5509 Dundas Street West has been listed for sale.
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  • Development

Developers Dramatically Pull Back on New Condo Launches

GTHA's condo market remains sluggish as developers halt projects, prices drop, and sales hit lowest level since 2009.
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  • Economy

Honda Invests $15B to Build Four New Plants in Ontario

Federal government and Ontario announce historic deal with Honda, generating over 1,000 in jobs.
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  • Development

105 Storey Toronto Tower Will Be the Tallest in Canada

Construction for SkyTower, soon to be Canada's tallest tower, has reached the 20th floor.
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  • Development

Madison Group Revises Midtown High-Rise Proposals

Midtown high-rise towers integrate transit proximity and mixed-use complexes.
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  • Development

Massive Mississauga Development Requests More Density

Mississauga's Brightwater project proposes 898 additional units due to growing housing demand.
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  • Development

Two Towers Proposed Near Oakville GO

157 Cross Avenue project in Oakville offers 1,198 residential units conveniently located near transit.
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  • Policy

Toronto Council Approves Changes to RentSafeTO Program

Toronto updates RentSafeTO to enhance safety, transparency, and maintenance standards for over 3,600 apartment buildings.
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  • Development

Over 1,400 Units Approved Near Deer Park and Upper Jarvis

Originate Developments secures zoning for Yonge & Rosehill and Jarvis & Earl residential projects.
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  • Policy

Toronto Tightens Short-Term Rental Bylaws

New short-term rental regulations include higher fees, stricter vetting, more inspections.
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  • Development

LTC Facility Proposed Near Hennick Bridgepoint Hospital

Sinai Health plans to build a 20-storey LTC facility in Toronto to address bed shortage.
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  • Development

RioCan Proposes Two Towers for First Phase of Master-Plan

Notable developers are seeing a bright future for Scarborough's Golden Mile district.
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  • Policy

Toronto’s Vacant Home Tax Will Be Revised

Toronto's vacant home tax will see major changes for 2024, addressing billing errors and confusion.
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  • Development

Historic Theatre Undergoes Major Transformation

Toronto's Regent Theatre, purchased for $7.4 million in 2022, undergoes extensive renovation.
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  • Development

26-Storey High-Rise Proposed for Burlington Plaza

Burlington redevelopment plan proposes replacing a commercial plaza with a 26-storey building housing 246 units.
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  • Stats

Average Rents Increase by 8.8% Nationally

Canadian rent increased nationally, with Edmonton seeing the highest growth among cities.
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  • Policy

New Bill Proposes Increase to Development Charges

Ontario's proposed changes to development charges spark tension with federal housing policies.
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Latest Stories

Development

3rd Jul 2024

Dixie Outlet Mall Redevelopment Proposed

The Plan Dixie proposal involves redeveloping part of Dixie Outlet...
Read More

Development

2nd Jul 2024

1,808 Units to Replace Mississauga Mall

A major redevelopment proposal aims to transform Streetsville Centre Plaza...
Read More

Development

2nd Jul 2024

Toronto Uses City-Owned Land for Rentals

Toronto is building 447 new rentals on city-owned land at...
Read More

Development

1st Jul 2024

771 Units Proposed in Midtown Toronto

Midtown Toronto's growth continues with a proposed 59-storey tower near...
Read More

Stats

29th Jun 2024

New Home Sales Plummet in the GTA

May 2024 new home sales in the GTA hit their...
Read More

Policy

28th Jun 2024

Toronto Approves New Renoviction Bylaw

Toronto council approves a bylaw against illegal renovictions and commits...
Read More

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