A large commercial lot near a major Etobicoke intersection could be the future site of a high-rise residential complex. Last week, a rezoning application was submitted to city planners to develop a set of mixed-use towers containing 1,210 residential units at 1325 The Queensway. Each rising 37 storeys, the two structures would be built on […]
The Canadian home building rebound only gained momentum in July with housing starts rising to an annualized rate of 245,600 units, the highest level recorded in two-and-a-half years. This result, released today, exceeded expert predictions by a wide margin, as single-family home construction surged across the country while Toronto and Vancouver saw a strong uptick […]
Canadian mortgage rates are in a virtual free fall, dropping to record-setting lows with discount brokers now offering one- to five-year variable rates in the 1.64 to 1.68% range. But the nearly free money arrives as Canadian mortgage debt is exploding and lenders are dealing with a rush of mortgage payment deferrals due to the […]
Average rent prices for both one-bedroom and two-bedroom condos fell during the second quarter of 2020 as rental listings increased and demand fell. According to new data published last week by the Toronto Regional Real Estate Board (TRREB), the average price for a one-bedroom condo in the GTA was $2,083, down 5 percent from the […]
During heavy rain, the sewers can become overloaded. It is essential that homeowners take appropriate action to reduce the risk of basement flooding. The City offers owners of single-family, duplex and triplex residential homes a subsidy of up to $3,400 per property to install flood protection devices. Eligible work includes: Installation of a backwater valve. […]
Only 3,459 condos sold across the Toronto region in the second quarter of 2020, a 50 percent decline from the same three-month period a year prior. Despite this historic decline in sales activity, the condo resale market still managed a 5.1 percent price increase during the same period, bumping the average condo selling price across […]
New single-family homes sold by developers across the Toronto region in June beat new condo units sold during the same period by a wide margin. Last month’s data, published today by the Building Industry and Land Development Association (BILD), signals that the market for new detached and semi-detached homes and townhouses is recovering faster than […]
Ontarians may still be wary of going back to the office, but the provincial legislature has had a very busy July. After passing the controversial Bill 184 on July 6, and the far less contentious Bill 159 eight days later, the Ontario government passed yet another bill last week that should be of interest to […]
Following two months of “historically slow” sales as a direct result of the COVID-19 pandemic, new home sales are starting to surge again in the Greater Toronto Area (GTA). In fact, during the month of June, sales of new single-family homes – which includes detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses) – […]
Province says changes meant to encourage negotiated settlements between landlords and tenants Newly passed changes to landlord/tenant law will permit ex parte eviction orders, allowing landlords to obtain an eviction order without appearing before the Landlord and Tenant Board. With Bill 184, the Protecting Tenants and Strengthening Community Housing Act, when a tenant is […]
Average rent prices for condos and apartments in Toronto have been consistently declining thanks to the effects of the COVID-19 pandemic, and a new report suggests that trend is ongoing in many of the city’s neighbourhoods. According to the Toronto GTA July Rent Report 2020 from TorontoRentals.com and Bullpen Research & Consulting, the average rent […]
Preferences around home buying have continued to shift through the course of the pandemic, particularly among those who aren’t even on the property ladder yet. A quarter of Ontario renters who are currently active in the real estate market are now more interested in buying a home than they were before the pandemic, according to […]
Despite the unprecedented turbulence real estate markets have experienced over these last few months, prices for single-family homes in some of Toronto’s most sought-after communities have shown few signs of wavering. A new market report released by RE/MAX Ontario-Atlantic Canada today found that central Toronto neighbourhoods delivered strong average home price gains through the first […]
A surprisingly strong showing from the Canadian housing market in June is leading economists to swiftly revise their forecasts as homebuyers returned to the market in larger than anticipated numbers. June market data published last week by the Canadian Real Estate Association (CREA) showed country-wide home sales up 63 percent over May and more than […]
York University has officially received the green light from the provincial government to move forward with its long-awaited Markham Centre Campus (MCC). Construction for the campus, which will focus on courses geared toward themes of technology and entrepreneurship, will commence July 2020 and will be completed in time for the fall semester 2023. The campus […]
Detached homes around Regent Park and Scarborough’s Birchcliff saw the biggest price gains in Toronto’s pricey real estate market, according to RE/MAX Regent Park and Scarborough’s Birchcliff are some of the neigbourhoods where Toronto house prices saw the biggest gains in 2020, according to the RE/MAX 2020 Hot Pocket Communities report. The report compares the […]
Throughout the COVID-19 pandemic, homeowners have had a lot of time to reassess what they need in a home. For some, this has meant considering a new property outside of the city, somewhere that might offer more space for fewer dollars. While there’s been much discussion within the real estate industry about homebuyers wanting to […]
When it comes to competition in the market, Toronto’s renters are finally getting some relief as the city’s vacancy rate within purpose-built apartments increased to 1.8 percent in the second quarter of 2020, the highest level in over five years. Real estate research firm Urbanation began tracking the vacancy rate at the beginning of 2015. […]
The pandemic has forced most of us to learn to live with a good dose of uncertainty when it comes to our ability to make even short-term plans. But despite being faced with unprecedented challenges brought on by COVID-19, Canada’s central bank still has to confidently make strategic policy choices with an eye to the […]
Preferences around home buying have continued to shift through the course of the pandemic, particularly among those who aren’t even on the property ladder yet. A quarter of Ontario renters who are currently active in the real estate market are now more interested in buying a home than they were before the pandemic, according to […]
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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