Entries by Mahyar Rezapour

January 2022 Market Update

The January 2022 Market Update affirms Ontario’s historic commitment to modernizing the province’s public assets, including hospitals, highways, public transit, children’s treatment centres, courthouses and correctional facilities. IO’s first Market Update for 2022 includes 39 projects, with 24 projects in pre-procurement and 15 in active procurement, totalling an estimated $60 billion in contract value. The […]

The tax figures and changes you need to know for 2022

A new year brings a new set of tax numbers, and here are the important figures you need to know for 2022. Each year, most (but not all) income tax and benefit amounts are indexed to inflation. The Canada Revenue Agency in November 2021 announced the inflation rate used to index the 2022 tax brackets […]

GTA real estate market forecast for 2022 and beyond

The Greater Toronto Area is one of the hottest regions in the Canadian housing market and has been for a long time. With so much attention from buyers and investors, the ever-pressing question is how the market will perform in the coming months and years. Despite difficulties stemming from pandemic conditions in the past two […]

Toronto home prices expected to go up another 10% next year

After many months of home prices surging to never-before-seen highs, there’s no relief in sight for Toronto next year. According to the new Housing Market Outlook from RE/MAX, home prices in the province’s capital are expected to rise another 10% in 2022. In larger markets like Toronto, the report says, there’s a chance that increased […]

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Toronto’s elimination of most parking minimums is now official

We knew it was coming. But it’s important and worth mentioning again. This week, Toronto City Council adopted new Zoning Bylaw Amendments that will remove most parking minimums across the city. We now join many other cities across North America who have done similar things in order to try and encourage more sustainable forms of […]

Toronto home prices rise 22% to record high as supply vanishes

Toronto home prices rose to a record as a sharp decline in the number of properties coming up for sale stoked competition among buyers, leaving little prospect the market will cool soon. The average price of a home sold in the Toronto region in November was $1.16 million, up 22 per cent from last year. […]

Canadian new home prices see biggest jump since 2006: StatsCan

The price of a new home in Canada increased on both a monthly and yearly basis during October as supply constraints persisted in some regions. In its New Housing Price Index for October 2021, Statistics Canada reported that national new home prices grew by 0.9 per cent from September to October. This marks a slightly […]

Toronto’s Tallest Ten Towers Waiting In Line for Approval

In Toronto, you’re never very far from a crane. There are so many here — particularly because of the huge demand for new housing — that, in fact, we have more cranes than any other city on the continent, over 220 in the 416 alone. While our streets and our skylines are rapidly changing, there […]

Inflation forecast Canada 2021-2022

Inflation in the Canadian economy has been on a steep increase since the start of 2021. Now as Canada begins to emerge from the COVID-19 pandemic, the hopes are for positive economic growth, however, it seems pandemic effects may stick around longer than most anticipated. Pressure is now being put on the Bank of Canada […]

GTA rental prices mark sixth straight month of growth from two-year low

Rental prices in the Greater Toronto Area continue to trend upwards from the market’s two-year low that was recorded in early 2021. In its Toronto GTA Rent Report published this week, Bullpen Research & Consulting and TorontoRentals.com stated that rents increased in September for the sixth consecutive month, up from March’s low of $1,971. From […]

August: Hottest. Condo. Market. Ever.

Never in the history of the Greater Toronto Area has there been a hotter August for condo sales. In the midst of a pandemic, the Building Industry and Land Development Association said sales jumped 35 per cent from a year ago and sat 129 per cent above the 10-year average. Single family home did less […]

Homeowners paid $769 less than renters a month last quarter

There’s the old adage in the industry that buying a home is cheaper than renting long-term. Despite sky-high property prices in many Canadian cities, that still rings true according to research published today. In a study conducted on behalf of the company by economist and housing market analyst Will Dunning, new data shows that for […]

Downtown Condos Rents Roaring Back

A major concern that the industry has had for nearly a decade is that the pace of new condo price growth has far exceeded condo rent growth. The chart below looks at the average price for new condos in postal codes M5A and M5V in Toronto (Downtown East, King West, Entertainment District), as well as […]