📉 August Market Stats Are In

Good morning!☀️ Ready to kickstart your day? Take 5 minutes to recap all the major news headlines from this week.

⚡ Top Story

Greater Vancouver Sales Tick Up As Fraser Valley Cools | BC

August’s market report shows Greater Vancouver home sales rose 2.9% year-over-year. This is still about 20% below the 10-year average. Benchmark prices dropped 1.3% from July. In contrast, Fraser Valley sales plunged 13% year-over-year and 22% month-over-month, with prices continuing to decline. Greater Vancouver remains balanced, while the Fraser Valley market favours buyers. Full Story

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🗞️ The Latest

TRREB Urges More Rate Relief Amid Fragile Market | ON

In August, Greater Toronto Area home sales rose 2.3% year-over-year—to 5,211 units—yet dropped 15.7% from July, signalling a fragile recovery. TRREB emphasized ongoing affordability challenges despite lower prices and borrowing costs, calling for further interest rate cuts to bolster demand as sales edge upward. Full Story

11 Major Toronto Development Proposals From August | ON

In August, Toronto saw 11 standout development applications—ranging from a 40-storey revised Golden Mile project to a 49-storey Yonge-Eglinton tower, a 31-storey rental in Rosedale, and an affordable housing build at Fairbank. Proposals include mixed-use condos, purpose-built rentals, and heritage-site redevelopments. Full Story

B.C. Billionaire’s $400M Retail Plan Lacks Funding | BC

In court, lawyers for Hudson’s Bay landlords argued that B.C. billionaire Ruby Liu lacks the funds to launch a new department store chain—even though she aims to purchase 25 leases for $69.1 million and invest $400 million. Much of her money is tied up overseas, and her B.C. malls collectively lost about $19 million. Full Story

Wave of Self-Storage Supply Coming to Western Canada | BC

Western Canada is set for nearly 4 million sq ft of new self-storage space in B.C. and Alberta by 2028—representing 26% and 15% of national construction, respectively. Major deals include QuadReal’s ~$1 billion acquisition of Maple Leaf Self Storage and multiple purchases by SmartStop, driven by population growth, smaller housing, and commercial demand. Full Story

KingSett Acquires Pender Place Office Towers in Vancouver | BC

Toronto-based private equity firm KingSett Capital has acquired the Pender Place twin office towers at 700–750 W Pender Street in downtown Vancouver from Cadillac Fairview and IMCO for $125 million. The Class B complex totals 292,613 sq ft—283,530 sq ft of office plus retail and includes a glass concourse. Full Story

OPTrust Buys Westbank’s Stake in Massive Housing Project | BC

Westbank has sold its stake in the Sen̓áḵw housing project to OPTrust, one of Canada’s largest pension funds. This gives OPTrust a 50/50 ownership stake with the Squamish Nation in Phases 1 and 2, while the Nation retains full ownership of Phases 3 and 4. The first phase is near completion, delivering about 1,400 rental homes and community amenities. Full Story

😯 Random Fact of the Day

Did you know that the continent of Australia is wider than the Moon? It stretches about 4,000 km east-to-west, while the Moon’s diameter is roughly 3,474 km.

Ford Government May Take Control of Real Estate Watchdog | ON

Ontario’s government is warning it may assume control of the Real Estate Council of Ontario (RECO) if an audit into the iPro Realty trust-account scandal doesn’t fully address governance failures. The province’s leading REALTOR® associations support the push for enhanced oversight. Full Story

3-Tower Rental Development Proposed Near Mimico GO | ON

Osmington Gerofsky Development Corp. has proposed three rental towers (39–42 storeys) at 39 Newcastle Street beside Mimico GO station in Toronto. The project would deliver 1,578 rental units across three towers, plus retail, amenities, a POPS, parking, and extensive cycling facilities. Full Story

25-Storey Tower Proposed Beside Keele Station | ON

A 25-storey mixed-use tower has been proposed at 1730 Bloor Street West, adjacent to Keele Station in Toronto’s High Park North. Designed by RAW Design for High Park Plaza Limited Partnership and Bloor Keele Holdings Inc., it replaces a 7-Eleven and parking with housing and retail. Full Story

Tonlu Proposes Dual Mixed-Use Towers | ON

Tonlu Properties (with Rinomato Group) has filed for a 39- and 36-storey mixed-use development at 351–377 Marlee Avenue near Glencairn Station in Toronto’s Yorkdale–Glen Park. The project spans a 1.36-acre site with over 905 units, 8,105 sq ft retail, and significant indoor/outdoor amenities. Full Story

Bosa & Chunghwa Propose 40-Storey Rental Tower | BC

Bosa Properties and Chunghwa have submitted a rezoning application for a 40-storey mixed-use tower at 5978 Wilson Avenue in Burnaby’s Central Park district. The proposal includes 418 rental units (327 market & 91 non-market), plus transit subsidies and car-share credits for residents. Full Story

35-Storey Condo Proposed in North York | ON

A 35-storey condominium has been proposed at 500 Sheppard Avenue West in North York, delivering 331 units across 244,491 sq ft. Amenities include indoor and outdoor spaces on multiple levels. The site includes a ravine requiring an ecological stewardship plan. It would be one of the tallest structures in the area. Full Story

📅 Save These Dates

September 16, 2025, 5:30am | Inflation Rate
September 17, 2025, 6:45am | BoC Interest Rate Decision

You’re all caught up. Enjoy your weekend!