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August 2020 - Posts

Province moving forward on building a subway connection to Mississauga
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 Read More...
LACKIE: Toronto real estate industry going strong despite COVID crisis
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 Read More...
How house hunting will forever change due to the pandemic
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 Read More...
Canadian home sales, prices hit record high in July as low mortgage rates drive buyers into market
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 Read More...
Canada Home Sales Continue Surge, Rising 26% to Record in July
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% Read More...
Prices out of control in Toronto's hottest real estate markets
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 Read More...
The 5 GTA Neighbourhoods with the Greatest Rate of Price Growth in 2020
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 Read More...
One of Toronto's oldest malls is about to be totally transformed
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, Read More...
Trader Building Development Revised in Updated Plan
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 Read More...
Your Next Look at 10-Storey Residential Development with Cascading Balconies in Thornhill
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 Read More...
37-storey tower duo pitched for The Queensway and Kipling Avenue
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 Read More...
Builders post best month for home construction in over 2 years
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, Read More...
Mortgage rates hit new lows
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 Read More...
Toronto one-bedroom condo rent falls 5% to $2,083
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 Read More...
Basement Flooding Protection Subsidy Program
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 Read More...
Toronto condo prices still increasing even as sales fall 50 percent
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 Read More...