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Latest Stories

7th Mar 2025

Major Proposal in Richmond Hill Features Nearly 2,000 Units

A major development proposal by Armour Heights Developments at 11014-11076 Yonge Street in Richmond Hill envisions a mix of townhouses, two community centres, and five high-rise towers up to 49 storeys, totaling 1,874 residential units. The 46,415m² site will also feature a linear park and is planned in four phases.

Read the full story by Urban Toronto.

8th Oct 2024

5-Tower Senior Housing Complex Proposed in Richmond Hill

A multi-tower senior housing and long-term care complex is proposed in Richmond Hill. The project includes a 10-storey long-term care facility with 288 beds, a 38-storey affordable rental tower, and three life-lease towers with 978 units. The development will feature outdoor amenities, parking, and accessible public transit.

Read the full story by Urban Toronto.

25th Sep 2024

GTA’s Population and Housing Gap Reaches 50-Year High

The gap between the GTA’s population growth and housing supply is the largest in 50 years, driven by high fees, lengthy approval timelines, and rapid population growth. Barrie, Oakville, and Mississauga lead in lower fees and faster approvals, while Caledon, Oshawa, and Richmond Hill lag behind.

Read the full story by Storeys.

5th Sep 2024

Majority of GTA Homes Are Selling Below Asking Price

In August, 70% of homes in the GTA and 80% of condos sold below asking prices, reflecting a cooling in bidding competition. The trend shows sellers are becoming more flexible. Some notable areas for underbidding include Eastlake (Oakville) and North York. Homes in Rouge Woods (Richmond Hill) saw overbidding.

Read the full story by Storeys.

30th Aug 2024

Two Towers Proposed in Richmond Hill’s Beverley Acres Area

A two-tower project is proposed near the Richmond Hill GO Station. It features 12- and 20-storey residential towers connected by a 6-storey podium. The towers will replace low-rise homes on Major Mackenzie Drive and Maple Avenue. The project includes 414 residential units, commercial space, amenities, and underground parking.

Read the full story by Urban Toronto.

9th Jul 2024

72-Townhouse Richmond Hill Project Enters Receivership

King Development’s Richmond Hill townhome project is in receivership after defaulting on a $22.5 million loan. Ontario courts have appointed Rosen Goldberg to manage the assets. Despite efforts to arrange a sale, no agreement was reached for the nine-parcel site intended for the 72-townhouse project. Read the full story by Storeys.

Read the full story by Storeys.

RC
RCSubscriber since May 2024
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As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.
EM
EMSubscriber since December 2024
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Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!
SD
SDSubscriber since June 2024
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Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you
SG
SGSubscriber since June 2024
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Very informative newsletter! It is now my go to source for all real estate news.
SB
SBSubscriber since December 2024
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Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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