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Welcome to STOREYS — your go-to online destination for all things related to real estate news. We believe that everyone deserves access to detailed, reliable, and up-to-date information about the housing market in Canada. Whether you're thinking about buying, selling, or renting a property, or if you just want to keep up with the latest trends in real estate, we're here to deliver the most fair and thorough reporting available in the country. Our dedicated team, consisting of seasoned journalists, content creators, and data analysts, provides a diverse range of insights that keep you informed about key developments in Canadian real estate. From expert tips and market updates to property listings and announcements of new projects, we ensure you have all the information you need at your fingertips.

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Ontario Mortgages In Delinquency Surge 71% Over Last Year's Level

1 week ago | storeys.com | Teagan Sliz

Canadian non-mortgage delinquencies reached "levels not seen since 2009" in the first quarter, while mortgage delinquencies in Ontario hit the highest point ever recorded by Equifax, according to the credit bureau's latest Market Pulse Consumer Credit Trends and Insights report.
Investors Place Coromandel Properties Under Receivership As Saga Enters Third Year

1 week ago | storeys.com | Howard Chai

On February 6, 2023, Coromandel Properties filed for creditor protection under the federal Companies' Creditors Arrangement Act (CCAA) while carrying over $700 million of debt across 16 active real estate projects. Although Metro Vancouver (and beyond) has seen numerous others since then, the insolvency of Coromandel Properties was one of the earliest of the recent cycle and remains unmatched in terms of the amount of projects.
What You Need To Know About The Feds' New GST Rebate For First-Time Buyers

1 week ago | storeys.com | Teagan Sliz

On Tuesday, Prime Minister Mark Carney's Liberal government followed through on one of their most anticipated election promises: the First-Time Home Buyers' (FTBH) GST rebate for new home purchases under $1 million, a move that they say will save eligible purchasers up to $50,000. Now, first-time buyers of new homes will pay zero GST on a new home (when combined with the existing GST/HST New Housing Rebate), and there will also be reduced GST on homes priced between $1 million and $1.5 million.
Towering 70-Storey Development Proposed Near Eglinton Station

1 week ago | storeys.com | Teagan Sliz

A 70-storey mixed-use development could be headed for Eglinton Avenue East, pending City staff's review of a Zoning Bylaw and Official Plan Amendment application. The development would replace an 11-storey office building with a largely residential tower offering over 550 condo units and around 2,000 sq. ft of retail space at grade.
InterRent REIT To Be Acquired By Insider And Singaporean Wealth Fund For $4B

1 week ago | storeys.com | Howard Chai

On Tuesday, Ottawa-based InterRent REIT (TSX: IIP.UN) announced that it had entered into an agreement to be acquired by Carriage Hill Properties Acquisition Corp, confirming rumours that have been swirling for several months that it was going to be sold. Carriage Hill Properties Acquisition Corp is a new entity formed by CLV Group and GIC.
Primaris REIT To Spend $50M To Repurpose 5 Hudson's Bay Stores That Saw No Bids

1 week ago | storeys.com | Howard Chai

When a business like the Hudson's Bay Company (HBC) becomes insolvent the implications can be as far-reaching as the company is. And more and more of these implications are now coming into view as the insolvency proceedings progress. The Hudson's Bay Company was operating a total of 96 stores - under the Hudson's Bay, Saks Fifth Avenue, and Saks OFF 5th brands - across the country, primarily within large regional shopping malls owned by REITs or institutional landlords such as pension funds.
Majority Of Canadian Homebuyers Paying Maximum Price They Can Afford

2 weeks ago | storeys.com | Teagan Sliz

The Canada Mortgage and Housing Corporation's (CMHC) annual Mortgage Consumer Survey was released this week and the findings reveal a varied, but overall optimistic, homebuyer landscape based on responses from 3,968 mortgage consumers collected in January 2025.
Toronto Development Marketing Firm L.A. Inc. Closes After 40 Years

2 weeks ago | storeys.com | Teagan Sliz

After 40 years in business, Toronto-based real estate marketing firm L.A. Inc. announced on Thursday that the company has closed its doors. "The end of an era. L.A. Inc's journey has come to an end. It has been 35 plus years of amazing story telling. We've witnessed profound changes in the real estate sector, both up and down," said the company in a LinkedIn post.
Wasaga Beach Is Getting A $38M Makeover

2 weeks ago | storeys.com | Erin Davis

Wasaga Beach - home to the longest freshwater beach in the world - is in store for a major makeover. While there's something nostalgic and welcoming about the beachfront town's stuck-in-time retro grittiness, change is inevitable - even if it means the demolition of long-time staples (RIP Bananas Beach Club). In the wake of recent redevelopment plans (more on that later), the Ontario government announced last week that it is investing nearly $38 million to build Destination Wasaga.
Matchpoint Facing Receivership On Completed ChloĆ© Project In Kerrisdale

2 weeks ago | storeys.com | Howard Chai

Most development projects that face insolvency are ones that are in the early stages, which makes the Chloé project that's now under receivership something of an anomaly. The Chloé project is a four-storey mixed-use project located at 2096 W 47th Avenue in the Kerrisdale neighbourhood of Vancouver, along East Boulevard and the Arbutus Greenway. The project consists of 46 strata units and 11 commercial retail units and was completed last year.