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Toronto Office Building to Become Loft-Style Residential Property

Toronto Office Building to Become Loft-Style Residential Property

by Phil Hall | Apr 11, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Toronto-based Amexon Development Corporation has unveiled e-lofts, a new rental community designed for contemporary loft-style living. According to the company, e-lofts will transform an existing 15-story Toronto office building into a residential property. The...
Toronto Home Sales and Prices in Decline

Toronto Home Sales and Prices in Decline

by Phil Hall | Apr 3, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A total of 5,011 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in March, a 23.1% year-over-year decline. On an unadjusted basis, March sales were down month-over-month compared to February. While sales were down, new...
David Mandel Steps Down as CEO at First Source Mortgage Corporation

David Mandel Steps Down as CEO at First Source Mortgage Corporation

by Phil Hall | Mar 21, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Toronto-headquartered First Source Mortgage Corporation announced the retirement of co-founder and CEO David Mandel after 18 years of corporate leadership. In a press statement, the company said Mandel’s leadership grew First Source’s assets under management from...
Canada to Spend $365 Million for Building 767 Rental Homes in Toronto

Canada to Spend $365 Million for Building 767 Rental Homes in Toronto

by Phil Hall | Mar 13, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Canadian government has allocated $365 million for the construction of 767 new rental homes in Toronto. The project’s first phase, which is now under development on an eight-acre, transit-oriented site owned by the City of Toronto, will be part of a...
Toronto Area Home Sales Down 27.4% Year-Over-Year

Toronto Area Home Sales Down 27.4% Year-Over-Year

by Phil Hall | Mar 5, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A total of 4,037 homes were sold through the Toronto Regional Real Estate Board’s (TRREB) MLS System in February, a 27.4% year-over year decline. TRREB reported the drop in home sales occurred despite a 5.4% year-over-year increase in new listings within the MLS...
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