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April 2018 - Posts

Young Canadians want to own a home but aren't planning for it
The dream of owning a home is still very much alive among Canadian millennials, but when it comes to saving for it they are lagging. A new poll of 18-37 year-olds by CIBC has found that 46% intend to buy a home in the next five years but 76% have yet Read More...
Threat of condo cancellations looms over pricey Toronto housing market
Since the start of last year, 17 projects have been cancelled in the GTA, according to real estate services firm Altus Group Ltd. A parcel of land at the corner of Maplecrete Rd. and Highway 7 sits vacant. Liberty Development Corp. pulled the plug on Read More...
Toronto condo rents climb 11% in past year as new mortgage rules lock out buyers
Research firm calculates that standard buyer better off renting as ownership costs have surged The average cost to rent a condominium in the Greater Toronto Area has risen by almost 11 per cent in the past year partly because tougher mortgage rules have Read More...