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February 2020 - Posts

Real Estate in 2020 - What You Need to Know
Introduction Last year was nearly unprecedented for the Canadian commercial real estate industry. Canada outperformed its G7 peers riding on the strength of its welcoming immigration policies, attractive labour pool and stable operating environment. In Read More...
A first-time homebuyer’s guide to condo boards
If you’re the type of person who loves vaping indoors and engulfing your apartment balcony in festive lights, condo living might give you a culture shock. With the price of detached homes so incredibly high, condominiums are an attractive prospect Read More...
7 historic Toronto sites that are being reimagined as condos
Across downtown Toronto and beyond, there are remnants of history all throughout. Whether it’s a warehouse converted into lofts, or an old building torn down and replaced, the old makes way for the new one way or another. Some historic buildings Read More...
Investor demand for new Toronto condos spiked in 2019: Urbanation
It was a great, though not quite record-breaking year for the GTA new condo market. There were 25,097 new condo units sold across the region in 2019, the third highest annual total on record, according to data released this week by housing data consultants Read More...
Toronto home prices just posted biggest annual increase since October 2017
The Toronto region housing market is getting tighter as homebuyer demand ramps up and supply continues to slip. These conditions, which emerged last year following a months-long slump, have kept up into the new year and are now pushing prices up at the Read More...
GO ridership from Kitchener jumps 40 per cent, Metrolinx report says
The number of people boarding GO trains and buses in Kitchener has jumped 40 per cent between April and December of 2019, a new report from Metrolinx says. In a blog post, Metrolinx says there has been record-breaking ridership numbers for GO Transit. Read More...
Canada's population growth is concentrated to just three cities
The lion’s share of Canadian population growth last year was just in three markets: Toronto, Montreal, and Vancouver. Recent data from Statistics Canada showed that the total urban population increase nationwide was 463,424. Toronto had the largest Read More...
Canadian home sales and prices rise 11 per cent compared with a year earlier
OTTAWA - The Canadian Real Estate Association says home sales rose 11.5 per cent in January compared with a year earlier to reach the highest sales figures for the month in 12 years, even as new listings remain constrained. The association says seasonally-adjusted Read More...
GTA Rental Market Overview
Higher rent growth in primary rental market Rent growth, GTA Above Average Rent Growth in KCW, Ottawa, Windsor & Northern Ontario Common Sample 2-bed apt rent – % chg. Turnover rates lower in most markets Turnover rate (%) Vacant unit rents Read More...
Cadillac Fairview Purchases East Harbour Project from First Gulf
TORONTO, Sept. 13, 2019 /CNW/ – Cadillac Fairview and First Gulf are pleased to announce that Cadillac Fairview has entered into an unconditional purchase agreement with First Gulf and its partners to acquire 100 per cent ownership of Toronto’s Read More...
Average Monthly Asking Rent in Canada Up 4.3 Per Cent: Rentals.ca Report
According to the January National Rent Report from Rentals.ca and Bullpen Research & Consulting, the average monthly asking rent for Canada rose 4.3 per cent year over year at the end of December. Toronto, Montréal and Vancouver experienced Read More...
Toronto Condo Inventory Fell To The Lowest Level In At Least 10 Years
The Greater Toronto condo market saw a small spike in buying activity last month. Toronto Real Estate Board (TREB) data shows condo apartment sales increased in December. The rise in sales was accompanied by very few new listings, helping to send prices Read More...
Canada’s First-Time Home Buyer Incentive Receives Cold Reception
Not a lot of real estate buyers across Canada are interested in the latest government buying scheme. Government of Canada (GoC) data shows the First-Time Home Buyer Incentive (FTHBI) received a cold reception. From the launch of the program, to the beginning Read More...
New Condo Sales in GTA Hit 3rd-Highest Level on Record in 2019: Report
2019 was a record year for new condo sales in the Greater Toronto Area (GTA), growing 27% to an impressive total of 25,097 units sold, the third-highest year on record, according to Urbanation Inc.’s year-end condominium market report. The report, Read More...