August 2020 - Posts
While Mississauga commuters might be a little disappointed to hear that there are no plans to extend the TTC subway system to Square One, they might be happy to hear that plans to extend the Eglinton Crosstown Light Rail Transit project to Pearson Airport
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If I were asked to compile a list, “Why is Toronto real estate so bananas?” has joined his buddies, “So, what are you thinking about school in September?” and “Who’s idea was it to open bars, anyway?” as my most
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Medical waivers. Masks. Virtual showings. Seven-figure purchases, sight unseen. Home buying and selling has seen a head-snapping shift during the COVID-19 era, as both parties deal with the demands of physical distancing, virtual showings and previously
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Canadian home sales and prices surged to a record high in July, as buyers flooded the market and took advantage of low mortgage rates after the coronavirus pandemic briefly slowed activity in the spring. The number of homes sold jumped 26 per cent on
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Canadian home sales surged to a record in July as homebuyers emerged from lockdowns. Transactions for existing properties reached 62,355 in the month, up 26% from a month earlier, the Canadian Real Estate Association reported. Benchmark prices were 2.3%
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The Greater Toronto Area neighbourhoods that saw the greatest price growth so far this year had a detached housing average value of $2.9 million, according to RE/MAX. In its recent analysis, RE/MAX said that the localities of Annex, Yonge-St. Clair, Casa
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While Toronto has been known for having pricey real estate for decades now, those looking to enter the housing market for the first time can continue to expect affordability challenges for the foreseeable future due to persistently low housing supply
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The more than 60-year-old Cloverdale Mall in Etobicoke is agreeably not the most beautiful destination that the city has to offer shoppers. But a major developer has some big plans for the property, and they've just released the details of the multi-building,
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While the original application contained only a single perspective of the proposed development, located one block south of Bloor Street East, the resubmission includes several new images highlighting multiple angles of the project. Featuring architecture
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Those looking to lay down roots just outside of the city may want to consider checking out a new development coming to Thornhill. And it just so happens that new renderings of the project have since been released, giving future residents a better idea
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A large commercial lot near a major Etobicoke intersection could be the future site of a high-rise residential complex. Last week, a rezoning application was submitted to city planners to develop a set of mixed-use towers containing 1,210 residential
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The Canadian home building rebound only gained momentum in July with housing starts rising to an annualized rate of 245,600 units, the highest level recorded in two-and-a-half years. This result, released today, exceeded expert predictions by a wide margin,
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Canadian mortgage rates are in a virtual free fall, dropping to record-setting lows with discount brokers now offering one- to five-year variable rates in the 1.64 to 1.68% range. But the nearly free money arrives as Canadian mortgage debt is exploding
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Average rent prices for both one-bedroom and two-bedroom condos fell during the second quarter of 2020 as rental listings increased and demand fell. According to new data published last week by the Toronto Regional Real Estate Board (TRREB), the average
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During heavy rain, the sewers can become overloaded. It is essential that homeowners take appropriate action to reduce the risk of basement flooding. The City offers owners of single-family, duplex and triplex residential homes a subsidy of up to $3,400
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Only 3,459 condos sold across the Toronto region in the second quarter of 2020, a 50 percent decline from the same three-month period a year prior. Despite this historic decline in sales activity, the condo resale market still managed a 5.1 percent price
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