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Competition for low-rise rentals in GTA sparks bidding wars
Parsimonious rental data in the GTA makes tracking hotspots difficult, but stories about leasing bidding wars are commonplace and, according to the president of the Residential Construction Council of Ontario (RESCON), that’s a direct consequence Read More...
House prices shot up more than 40% in these three GTA cities
The GTA real estate market has reached historic highs over the past year, with house prices in outer-lying cities seeing unprecedented surges in interest. As homebuyers searched for larger spaces in more suburban areas of the GTA during the pandemic, Read More...
Why real estate investors shouldn’t worry about inflation
Rising inflation is a growing concern, but real estate investors can rest assured that their investments are, at least for the time being, inflation-proof. “Real estate has been protected from inflation since the 1970s but it won’t work if Read More...
Prime prices exceed mainstream for first time since pandemic
Prime prices across 46 cities increased at an average rate of 8.2% in the year to June 2021, up from 4.6% in March. What’s happened? Until now, the pandemic-fuelled house prime boom was most evident in the mainstream market but the prime sector Read More...
Toronto neighbourhood could be totally transformed over the next decades
A Toronto neighbourhood could see massive changes over the next few decades. More than 500 acres around Downsview Airport and Downsview Park are part of a planning process to develop residential and non-residential property called id8 Downsview. Just Read More...
The rental housing market is heating up again – a worrying sign for affordability
Activity is heating up in rental housing markets across Canada, a troubling sign for affordability in cities with a chronic shortage of available units. For years before COVID-19, markets from Vancouver to Prince Edward Island suffered from an unrelenting Read More...
Are condos a good investment in Toronto?
Condo prices in the Greater Toronto Area are on an upsurge, rising 44% since the 2017 housing peak, driven by the segment’s relative accessibility compared to other property types, recent data from tech-enabled brokerage Properly has revealed. “This Read More...
Resubmission Proposes Residential Additions to East Harbour Plan
Recent documents submitted to the City of Toronto have revealed the latest plans for East Harbour, a massive development on the site of the former Unilever Soap Factory where the Don River meets Lake Shore Boulevard. The most striking change from previous Read More...
Value of GTA condos nearly doubles in four years
Condos in the Greater Toronto Area appreciated by 44% between their April 2017 peak and June 2021, says realty brokerage Properly. Interestingly, condos in the GTA struggled through most of 2020, save for before the COVID-19 pandemic and the very end Read More...
74% of Ontarians 18-34 don’t think they can buy home: survey
A survey of Ontarians revealed that three-quarters of respondents aged 18-34 don’t believe they will be able to afford a home in their city or town. “Having worked in this industry for 35 years now, I have seen one group [among the aforementioned Read More...
Hamilton’s ‘hidden gem’ properties
To say COVID-19 has been bad for small businesses would be an understatement, but mixed-use properties that will invariably hit the market because of the economically calamitous nature of the pandemic could help boost housing supply. “There’s Read More...
Home sales fell again in May, but don’t get used to this
Sales in the Greater Toronto Area moderated for a second straight month in May, indicating that a semblance of normalcy is beginning to return to the housing market. However, it could be short-lived. There were 11,951 sales in the GTA last month, according Read More...
Economic update with Benjamin Tal - get ready for the second half of this year
Benjamin Tal — CIBC’s Deputy Chief Economist — is seemingly everywhere. And earlier today, he was delivering an annual economic update at an online event hosted by Brattys LLP (our condo lawyers) in partnership with CIBC. Below are a Read More...
New map charts Toronto rent prices by TTC subway station
Living within walking distance of a subway station is absolutely clutch for anyone in Toronto who needs to commute, but doesn't have their own car and / or the patience to sit in gridlock traffic every afternoon at rush hour. Sure, the TTC isn't Read More...
April 2021 TRREB Report: Home Sales Dip From March, Though Up Strongly From Pandemic Pit
The April numbers for the Greater Toronto Area are out, and while they show a stark contrast from last year’s activity – during what was the depths of the first lockdown – sales and price growth are up strongly from pre-pandemic levels Read More...
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