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May 2018 - Posts

City plan puts focus on two- and three-bedroom residential units
Nearly half of new residential developments in downtown Toronto could be made up of two- and three-bedroom units, a new plan for the core just approved by city council outlines. The city’s sweeping TOcore plan for downtown growth considers many Read More...
A looming housing affordability crisis is poised to hit seniors across Canada
A new cohort is joining young Canadians and others frustrated by sky-high rents and soaring housing costs: seniors. A looming affordability crisis is poised to hit seniors across the country as the baby boom generation makes its long-predicted shift into Read More...
New Condo Sales 2008 - 2018
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Millennials are the driving force of the real estate market
Canada’s millennials are focused on homebuying and their intentions are driving the real estate market. A new report from mortgage insurer Genworth Canada reveals that 59% of millennials are already homeowners, with 30% having bought a home in the Read More...
Syndicated mortgage investors still out tens of thousands, say Ontario’s new regulations won’t help
Amended regulations will set $60K a year investment cap on some of the risky investments Margaret Wong, left, and Alexander Wong each invested more than a $100,000 in syndicated mortgages. They’ve never seen a penny of the money they were counting Read More...
Relief Line: Preferred Alignment Now Includes Unilever Stop
Step by step, the scope of Toronto's Downtown Relief Line is taking shape. This week, a new round of transit consultations is revealing an evolved alignment for the future subway, with a Queen corridor that includes a station at the Unilever Site Read More...
Stats Can releases GDP numbers for February
The Canadian economy, which contracted to start the year, bounced back in February, led by gains in the mining and oil and gas extraction sector. Statistics Canada said Tuesday real gross domestic product grew 0.4 per cent in February after a slight pullback Read More...