The Toronto City Council voted to approve a 9.5% residential property tax hike, the largest of its kind in more than 25 years. According to a CBC report, the vote during a special budget meeting on Wednesday was based on the rate proposed by Mayor Olivia Chow. The...
Home sales activity recorded over Canadian MLS Systems in January was up by 3.7% from the previous month, according to the latest data from the Canadian Real Estate Association (CREA). The actual (not seasonally adjusted) monthly activity came in 22% above January...
Mantella Corp., a Toronto-headquartered real estate and land development company, has hired Abhi Goel as a director of finance. Goel will be the lead within Mantella’s finance and accounting group, reporting directly to President and Chief Financial Officer Craig...
Omni Quality Living, a portfolio business of the Hillcore Group that operates long-term care and retirement homes in Canada, has acquired the Wildwood Care Centre in St. Mary’s, Ontario. This is the company’s second acquisition in 12 months, following the March...
IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), has recruited Jeff Wagner as senior managing director of capital markets in Toronto. Wagner brings over 20 years of commercial real estate experience, which includes closing over $2 billion in debt...
The Greater Toronto Area is expected to generate 77,000 homes sales during 2024, according to a new forecast from the Toronto Regional Real Estate Board (TRREB). The average selling price for all home types in the GTA market will reach $1.17 million this year, the...
Hits and Misses for the Real Estate Week of March 23-27
