storeys.com ‘Story of the Year’ is part of STOREYS' annual editorial year-end series. You can find the rest of our 2024 selections here as...
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As far as Canadian real estate goes, 2024 largely followed in 2023’s tracks. The year was characterized by many of the same challenges, from crushed affordability to downcast home sales to insolvencies that ran the gamut of big projects and small. But there was some semblance of reprieve this year that set it apart from last, with the Bank of Canada lowering its policy interest rate for the first time in the cycle in June. This ended up marking the first of five rate cuts that punctuated the latter half of 2024, sending a signal to real estate sector stakeholders that better days are not far ahead. On top of that, the year brought a fresh sense of urgency from government when it came to housing supply and affordability. Love 'em or hate 'em, there's no arguing that housing was the issue on every policy-maker's lips. The jury's still out on whether or not that lip service will affect any real change.As we round out 2024, the STOREYS team has taken some time to reflect on the stories that struck us, including (our takes on) the most important trends, newsmakers, issues, and policies of the year. So stay tuned!STOREYS' Trend Of The Year: The Pivot To Purpose-Built Rentals STOREYS' Newsmaker Of The Year: The Receiver STOREYS' Issue Of The Year: The Condo Market
storeys.com ‘Story of the Year’ is part of STOREYS' annual editorial year-end series. You can find the rest of our 2024 selections here as...
In mid-September, Minister of Finance Chrystia Freeland announced two new reforms intended to make homeownership more attainable and affordable for...
As 2024 comes to an end, we are looking back at all that happened, and ahead to what's on the horizon. To begin, we revisited what we said this time...
As 2024 comes to an end, we are looking back at all that happened, and ahead to what's on the horizon. To begin, we revisited what we said this time...
storeys.com Once hailed as ‘king,’ condos (in particular, new condos) in Canada’s most major markets have seen a dramatic fall from grace...
Hailing from Hamilton, Ontario, Dr. Teresa Goldstein has always held a deep affection for the cities she’s called home. And with that, has come a...
"Normally, I'm planning vacations around now," Toronto realtor Susan Gucci told STOREYS in late-November. Instead, during a season where the housing...
After years of minimal new rental supply, shiny and new purpose-built rentals have changed Canada’s real estate game in the past decade.As the...
Toronto’s real estate industry faced big challenges and, at the same time, made important progress in 2024. As the year ends, it’s a good time to...
It's an unfortunate part of the business, but amidst tough economic conditions over the past few years, some developers have been hit hard and we...