The Canadian real estate market is recovering much faster than anyone predicted. The average price of a Canadian resale home in June was $539,000, up from 6.5% the year before, according to the Canadian Real Estate Association. Home sales in June rebounded by a further 63% compared to May, which is also 150% above where […]
A series of commercial lots located east of Bayview and Finch avenues could be the future site of a 12-storey W-shaped condo development. Last week, a Zoning Bylaw Amendment application was submitted to Toronto city planners to construct the angular condominium building at 630-696 Finch Avenue East. The builders behind the project, Tridel and BAZIS, […]
Price growth in the Toronto region lost some steam last month compared to July, but there were still plenty of substantial price gains seen across the city’s suburban markets. According to the latest data from the Toronto Regional Real Estate Board, 10 of the region’s suburban cities and towns saw home price increases of over […]
When the COVID-19 pandemic and associated lockdown hit Ontario, some suggested the GTA’s white-hot housing market was going to take a hit. Six months into the crisis, house prices in Mississauga and surrounding cities are up year-over-year, with the low-rise market experiencing significant price growth as residents flee from condos in search of larger yards […]
Since late March, Canada’s real estate industry has seen extreme lows and highs in the span of just a few months. Now, as the market prepares to enter another typically busy season, it’s difficult to pinpoint what new construction home developers, buyers and investors should be expecting from the fall. “I think there’s still a […]
The Toronto region recorded another month of over 10,000 home sales as buyers seeking low-rise properties made their move before the end of summer. A total of 10,775 properties changed hands last month, up over 40 percent compared to August 2019, according to data released today by the Toronto Regional Real Estate Board (TRREB). The […]
Only five urban markets nationwide saw their condo values reach new heights in July, according to the Canadian Real Estate Association. The strongest performer was Ottawa, with its 22% annual increase to a new peak of $369,200. Oakville posted the highest benchmark of the record-breakers at $600,600, despite having the smallest annual growth (10.2%) of […]
The summer months are typically a quieter time for Toronto’s new condo market, with project launches concentrated in the spring and fall months. But when there’s no spring launch season to speak of thanks to a global pandemic, it turns out that you get a very busy July for new projects and units being brought […]
Restrictions were lifted on the province’s new home construction sites by mid-May, but with groundbreakings pushed back and project timelines stretched, Ontario is still set to see an overall decline in housing starts this year. That’s according to Central 1 Credit Union’s Ontario Regional Economist Edgard Navarrete, who, in a research note published last week, […]
If one thing’s for certain, July was a scorcher in the Greater Toronto Area (GTA), and no, we’re not just referring to the weather. The new home market also experienced the strongest July for new home sales since 2007, as a total of 3,544 new properties were sold, according to data released by the Building […]
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 in Mississauga are still underway. On Aug. 19, Ontario Premier Doug […]
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 prominently featured conversations of this pandemic summer. While I have no clue where to even […]
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 unheard-of safety considerations. One thing that hasn’t changed is the competition: Most major Canadian markets are as buoyant as […]
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 a seasonally adjusted basis from June to July, according to the […]
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% higher on the month, as pent-up demand for homes collided with extremely low inventory levels. “A […]
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 Loma, and Wychwood had a 25.7% annual increase in detached housing prices during the […]
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 and pent-up demand stemming from the COVID-19 lockdown. Not to mention, for the first time […]
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, mixed-use development due to take the place at the dated, largely one-storey shopping […]
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 by RAW Design, the majority of the renderings showcase how the existing Traders Building will be partially retained to serve […]
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 of what to expect. Located within the Thornhill/Uplands area at 8188 […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
416-599-9599 ext:150 Cell : (647) 699-5900
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