Here are 8 things you should be working on this year 2021,it’s that important! 1 Decide how you want to feel every morning! It’s up to you. 2 Work on your mind and body daily! Your life is in your hands. 3 Set goals that are specific and change your approach along the year. […]
GTA Real Estate Market Update by Toronto Real Estate Board • January 2021 home sales amounted to 6,928 – up by more than 50 per cent compared to January 2020. This strong start to 2021 included sales growth across all major segments including condominium apartments, both in the City of Toronto and surrounding GTA regions. […]
If you’ve been following the housing market (in most cities) over the last year, this chart likely won’t surprise you. It is from a recent City Observatory article by Joe Cortright talking about the “k-shaped housing market” that we have seen emerge over the last year. The above is for the US, but I would […]
The winning proposal of the multi-million dollar renovation to Hamilton’s downtown entertainment facilities proposes massive changes to FirstOntario Centre, FirstOntario Concert Hall and the Hamilton Convention Centre, as well as a series of high-rises. The bidder, Hamilton Urban Precinct Entertainment Group (HUPEG) — which includes Carmen’s Group, LiUNA, dpai architects, Fengate Capital, Meridian Credit Union, […]
The Oshawa Census Metropolitan Area (CMA) is leading the country in population growth. That’s according to a new ranking from Statistics Canada, which reports the Oshawa CMA had a population growth rate of 2.1 per cent in 2020. According to the agency, the Oshawa CMA beat out Halifax and Kitchener-Waterloo-Cambridge for the top spot. Both […]
Although the COVID-19 pandemic did not impact the GTA housing market quite as profoundly as some thought it might, the province’s lockdown measures made cities a little less desirable than rural and suburban areas with larger homes and yards, and condo-heavy municipalities such as Toronto suffered a bit more as a result. In Mississauga, a […]
Over half of the new condos sold in 2020 in the GTA were located in suburban “905” areas of the region — a first in the several decades that market data has been collected. There were 9,288 new condo units sold by home builders last year in the 905, enough to narrowly beat out the […]
Smaller apartments with big appeal for investors helped the 905 areas outside the city dominate the Toronto region’s 2020 condo market in a trend that is expected to continue in 2021, said Shaun Hildebrand, president of market research firm Urbanation. Last year was the first time that 905-area condos eclipsed pre-construction sales in the City […]
TORONTO – If you were on the lookout for a Greater Toronto Area condo or apartment to rent or own late last year, new data from the region’s real estate board shows you might have had an edge in negotiations. The number of condos listed for sale or rent in the area in the fourth […]
New single-family home sales across the Toronto region skyrocketed in 2020, mirroring the shift in buyer preferences that played out in the resale market last year. Data for the full year published today by the Building Industry and Land Development Association (BILD) showed buyers scooped up 16,973 new single-family homes in 2020. That’s 81 percent […]
Yonge and Sheppard may be situated toward Toronto’s outskirts, but the location is an excellent spot to invest in Condo. King West can be referred to as a hip and trendy area. CityPlace is situated West of Bathurst Street and accommodates a home landing park. Investing in Toronto real estate industry is one of the […]
Millennial-aged Canadians’ frenetic pursuit of ground-related housing played an outsized role in the country’s aggregate home price spiking by 9.7% last quarter over the corresponding period a year earlier, according to Royal LePage. “Millennials are starting to have their first or even second child—they’re over 35—and our previous research showed they preferred city cores and […]
Hong Kong has stated that residents are not entitled to consular protection unless they declare a change of nationality. Then they are no longer regarded as Chinese citizens Ottawa is growing increasingly concerned about the rights of 300,000 Canadian citizens in Hong Kong, after the territory’s government declared that dual citizens must choose the nationality […]
Momentum was building in Toronto’s condo market toward the end of 2020 after months of sluggish sales and soaring inventory. While it’s still early days, preliminary condo sales data shared by Toronto broker John Pasalis shows this momentum, and then some, has carried into 2021. According to a screenshot of aggregate Toronto MLS data Pasalis […]
At the end of last week, the RBA released a previously confidential report from November that showed the consequences of reducing the cash rate by 100 basis points. The document pointed to a potential 30% increase in property prices over the next three years should borrowers see the low rate as being permanent, and a […]
The GTA’s condominium market is heating up again, with sales surging 90% year-over-year on the MLS through the first two weeks of January. “We’re seeing a huge rebound in interest and demand. Condo listings are up 66% over last year, but it’s interesting to see such strong demand for condos downtown,” said John Pasalis, president […]
Purpose-built rental apartment buildings in the City of Toronto reported a record-high 5.7 percent vacancy rate in the final months of 2020, up significantly from the 1.1 percent rate recorded in the same period the previous year. Housing market data firm Urbanation released the vacancy rate figure this week as part of its fourth quarter […]
Home prices will continue rising rapidly across broad swaths of Canada in 2021 as low housing supply forces buyers into fierce bidding wars. That’s the message RBC Senior Economist Robert Hogue is sharing in the bank’s 2021 housing market outlook, published today. Titled “Canada’s housing market headed for another record year in 2021,” the report […]
Voracious demand for detached houses returned to Canada’s housing market last year, and just as in years past, unlucky buyers settled for townhouses. “The reason the townhouse has become more popular than ever in the new construction world is, whether they’re traditional, stacked or back-to-back, they’re less expensive than detached homes, which average more than […]
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