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 see the wrecking ball, and others are preserved in a new design. Here are […]
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 Urbanation. This total represents growth of 27 percent over the previous […]
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 fastest rate in over two years. The recently rebranded Toronto Region Real […]
Fewer homes were sold in January compared to December as prices climbed higher and new supply remained tight, according to a new survey. National home sales fell by 2.9 per cent in January, month-on-month, with the steepest decline of 18 per cent seen British Columbia’s Vancouver area — Canada’s most expensive housing market, according to […]
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. A full report is expected to be presented at the Metrolinx board […]
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 urban increase with 127,575 new residents in 2019. This pushed the city’s total population up to 6,471,850. On […]
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 sales fell 2.9 per cent in January from a month earlier, dragged […]
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 are on average 25% higher Toronto CMA average rents ($) Rental supply is increasing […]
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 East Harbour project, a 38-acre site three kilometers from the city’s downtown core, with the objective […]
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 significant rent increases in 2019 for all property types listed on Rentals.ca. Toronto’s rent saw a 9 […]
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 to a new all-time high. Greater Toronto Condo Prices Rise Over 9% Toronto […]
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 of December, only two provinces represented the majority of applications. Those two provinces, […]
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, which was released Monday, revealed new condo activity surged in Q4-2019 with 8,044 units sold, […]
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 sale price of $799,593 for all types of dwellings compared to $785,494 in […]
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 and enjoy an extended closing period between 7 days and 8 months so they can […]
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 declined by 1,400 and natural resources and mining by 2,500. Services providing sectors were generally higher including […]
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 Group. The project is receiving $200 million in financing through CMHC’s Rental Construction […]
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. “The condominium apartment market segment continued to perform well in 2019, with strong growth […]
The 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 and mitigating the impact of construction on four species at risk. “Three structures within the project limits […]
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 Square One Shopping Centre. Plans unveiled Jan. 21 call for 18,000 residential units, a transit mobility hub connected to the […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
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