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January 2020 - Posts

Mississauga real estate prices surpass much of Toronto in December
The average sale price for real estate in Mississauga exceeded prices in much of Toronto in the final month of 2019. The Toronto Real Estate Board (TREB) released its December monthly market tracking report on Jan. 6 with Mississauga registering an average Read More...
Zillow Offers now partnering with homebuilders
Zillow has announced partnerships with several homebuilders in the United States which will extend the reach of its Zillow Offers service. For buyers of new homes from selected builders, Zillow will offer to buy their existing home from them directly Read More...
There was a surge in construction workers last month
Canada’s employment increased by 46,200 in December compared to the previous month. ADP Canada National Employment Report shows that construction added the most jobs last month at 11,300, while others in the goods producing sectors lost jobs: manufacturing Read More...
Toronto to see "significant" rise in rental housing
Six new rental housing buildings will be built in Toronto to boost the availability of affordable rental housing. The federal government and City of Toronto will provide 916 new units in the project which will be developed by Westbank Corp. and Peterson Read More...
Toronto condo apartment sales gained at the end of 2019
There were 5,367 condominium apartment sales in the Greater Toronto Area in the fourth quarter of 2019. The total reported by the Toronto Real Estate Board represents a 3.8% increase year-over-year while new listings were down 11.9% over the same period. Read More...
Highway 401 expansion project includes more than just traffic control challenges
he construction consortium working on a major expansion of Highway 401 from Mississauga to Milton has more than traffic and motorists to contend with. Part of the $640-million project also involves building wildlife crossing features at several locations Read More...
Square One District a record mixed-use development
Oxford Properties Group and Alberta Investment Management Corporation (AIMCo) have announced what is being called the largest mixed-use development in Canadian history, the 18-million-square-foot Square One District to be built on 130 acres around Mississauga’s Read More...
We're building a lot of housing, so we must be building enough housing. True?
We’re building a lot of housing, so we must be building enough housing. True? We’re in a building boom and prices are still going up, so supply must not be the answer. True? We’re building more housing than we ever have in the Toronto Read More...
Ontario Housing Market Update
Year over year unit sales have again surpassed last year’s numbers in Ontario for the 9th consecutive month. Driven by buyer’s confidence and short supply, Ontario was showing strong price gains to finish out 2019. We areexpecting this confidence Read More...
Four Eleven King Submitted for Site Plan Approval
Plans to redevelop an LCBO location at King and Spadina in Downtown Toronto resurfaced last year, with renderings appearing for a 42-storey Great Gulf and Terracap-developed project known as Four Eleven King Condominiums, and designed by KPMB Architects Read More...
New Report Reveals TTC’s $4.6 Billion Plan to Improve Toronto Transit
a report from the TTC reveals staff have requested an additional $4.56 billion in funding for new capital investments, including the Bloor-Yonge expansion and new streetcars, subway cars, and buses. The TTC’s 2020-2029 Key Capital Investment Priorities Read More...
Tallest Residential Building In The World Reveals New Details—Including 100th-Floor Amenity Level Overlooking New York City
It has been 15 years in the making and now we’re finally getting close to the finish line for what has become the most expensive condo development in the United States. With a portfolio of lenders providing $1.1 billion in financing, Central Park Read More...
Canadian economy added 35,000 jobs in December
There was an increase in the number of Canadian jobs in December with a net increase of 35,000 (0.2%). In the 12 months to December, there was a 1.7% increase in the number of jobs – a total of 320,000 – and this was mainly the result of a Read More...
Toronto condo investment to experience massive shift in a few years
In less than five years, investment in Toronto’s condos will experience a significant upheaval as condo costs keep climbing and tenants veer ever closer to the brink. At present, the asset class is among the market’s most dominant: Condos Read More...
Toronto and Vancouver lead Canada’s top-tier housing recovery
The usual suspects are at it again: Toronto and Vancouver led the country’s high-end market in both home prices and sales activity, according to the latest report from Sotheby’s International Realty Canada. The two largest top-tier real estate Read More...
Real estate appreciation rate to accelerate in 2020 – report
Modest home-price growth in the nation’s largest 100 housing markets will continue throughout 2020, according to Veros Real Estate Solutions. Data from the latest VeroFORECAST projected that the appreciation rate for residential real estate would Read More...
Toronto's high-rise development is among the continent's most active
A sustained skyscraper construction boom is pushing Toronto towards being the most active high-rise development hub in North America. Data from the Council on Tall Buildings and Urban Habitat showed that the city is benefiting from a strong building trend Read More...
Condo buyers facing rising costs, challenging affordability
A 26-storey condominium in Abbotsford, BC has been rocked by astronomical increases to its insurance premiums—a 780% increase from its rates last year. BFL, which insures the aforementioned Mahogany Tower, raised the property’s rates from Read More...
Ontario’s rental vacancy rate is starting 2020 at a near record low
New year, no vacancy. Renters in cities across Ontario will spend another year struggling to find rental housing as prices continue to rise in the face of tight market conditions. In 2019, the vacancy rate was 1.6 percent and it will likely drop further Read More...
Supply pressure to impel intensified home price growth in 2020
The lack of housing supply, especially in the Greater Toronto Area, will aggravate Canadian home price growth this year, amid already acute pressure from investors and speculators. Coming off the heels of at least nine consecutive months of sales growth Read More...
2020 rates will likely remain at reasonable levels
This year, mortgage rates will most likely remain low and qualification will be easier, real estate information portal Zoocasa predicted. Much of the impetus for these developments could stem from renewed calls to give the B-20 mortgage stress test another Read More...
Developers answer the call for housing outside downtown core
Housing affordability is a significant conversation that is taking place across the country, especially in high-density, urban cities. Even as the risk profile for Toronto and Vancouver housing markets have come down to “moderate” levels, Read More...
2019 is officially one of the biggest years ever for Toronto’s new condo market
It didn’t look like it was meant to be a banner year for Toronto’s new condo market as sluggish activity marred the early months of 2019. But after a spring awakening that was followed by a string of strong months for new condo sales, the Read More...
The Average Home Price In The GTA Crept Closer To $1M In 2019
The average selling price of a home in the Greater Toronto Area (GTA) in 2019 increased 4% to $819,319 according to a new report from the Toronto Real Estate Board (TREB), and those looking to enter the buyer’s market can expect prices to continue Read More...
Residential construction investment down in 6 provinces
There was a decrease in Canadian construction investment in October, the latest month of data released by Statistics Canada. The agency says that total investment in construction was down 0.5% month-over-month to $15.5 billion with the residential sector Read More...
Toronto is among the 10 most valuable 'city brands' in the world
Having a strong brand is vital for successful businesses but for cities it can enhance everything from investment to immigration. A new report from Global City Lab has ranked the top 500 city brands in the world with more than 80% of them in North America, Read More...
These are some of the best cities for real estate investment in 2020
Toronto and Vancouver are among the prime cities for real estate investment. London tops the Global Prime Real Estate Securities Strategies rankings from real estate investment management firm Heitman LLC followed by New York, and Singapore. Toronto ranks Read More...