The Canadian private equity firm and real estate developer Equiton has acquired the land at 875 The Queensway in Toronto for the development of a condominium project. The proposed Vicinity Condos will be a mid-rise condominium with approximately 150 units ranging from...
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%, but it warned that rate hikes could resume if the Canadian economy shows advanced signs of fraying. “The Canadian economy has entered a...
Brokers and agents affiliated with RE/MAX Canada are predicting a softer housing market this fall due to the nation’s interest rate climate and lack of inventory. The newly published Fall Housing Market Outlook Report is forecasting that more than half of Gen Zs (55%)...
The acquisition of Toronto-based Home Capital Group Inc. (TSX: HCG) by Smith Financial Corp. has been completed. Last November, Home Capital agreed to be acquired by Smith Financial for C$44.00 per share in cash, or C$1.7 billion (US$1.2 billion) total. With the...
Fortress Technology Solutions Inc., a Nashville-headquartered provider of property management software, has announced the general availability of its product in the Canadian market. In announcing this expansion, the company stated that its presence in Canada would...
One of the most architecturally distinctive residences in Canada has been listed for sale at $12.8 million. Eppich House II by the prominent Canadian architect Arthur Erickson was designed in 1979 and completed in 1988. The 1.18-acre West Vancouver property is notable...
