PARIS — Miu Miu, Chloé and Bottega Veneta were the most searched for brands, according to data by fashion search engine Tagwalk, with Alaïa and Ralph Lauren’s location shows making an impact. The number of shows for spring collections was down across the four cities, to 213 from the 243 that showed in 2023. The … Read more
A new opulence emerged in Paris this season, with Alessandro Michele’s lavish debut at Valentino being the strongest sign yet that quiet luxury is going out with a whisper. It was among the most coveted tickets of the week and didn’t disappoint buyers, who credited the Roman designer’s first show as opening the door to … Read more
Up to 2,600 new housing units planned for the Heather Lands in Vancouver will be sold at 60 per cent of market value, according to a joint announcement by the province, the city and the Musqueam, Squamish and Tsleil-Waututh First Nations. The 8.5-hectare parcel of land in question is located on Heather Street between West 33rd … Read more
Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, although some housing experts are doubtful that the new measures will have a meaningful long-term impact on housing affordability and say they might even push prices up. The federal government will increase the cap on insured mortgages … Read more
A pair of Toronto lawyers accused of embezzling nearly $7 million from real estate clients has been found in contempt of court for failing to hand over financial records and answer questions about where the money went. Singa Bui and her husband Nicholas Cartel face penalties that could include fines or even imprisonment, and will … Read more
Famous ‘Poltergeist’ house from 1982 horror movie, listed for US$1.2m, finds a buyer The famous “Poltergeist” house, the central location in the classic Tobe Hooper-directed horror film, has found a buyer less than three weeks after it was placed on the market. In the 1982 film, the house hosts ghosts, a tree that tries to … Read more
A Surrey, B.C.-based property developer and its director have been ordered to pay nearly $100,000 by the province’s real estate regulator for causing “consumer harm.” The B.C. Financial Services Authority (BCFSA) said Halcyon Point Development and its director Dale Tortorelli are both liable for failing to provide purchasers with a disclosure statement and for putting … Read more
LONDON — Consumer trend forecaster WGSN on Thursday will unveil a dedicated platform for fashion buyers. Launching with support for multiple fashion categories — dresses, cut-and-sewn, woven tops, denim, outerwear, trousers and shorts, skirts, accessories, and footwear — the data-driven platform aims to inform buyers and help them understand product direction, key trends and how deeply … Read more
The 30-year amortized mortgages announced in the 2024 federal budget are kicking in on Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off an insured mortgage. For other mortgages where default insurance is required, a 25-year amortization limit is still … Read more
Real estate activity across Canada in June showed a drop in both sales and housing prices compared to June 2023, says the Canadian Real Estate Association, though sales perked up a bit compared to May 2024. According to the latest numbers from CREA, home sales activity as registered in the Canadian Multiple Listing Service (MLS) went up … Read more
