Entries by Mahyar Rezapour

Canada inflation rate hits 13-month low

Annual price growth is now at its lowest level since January 2022 The annual pace of inflation in Canada cooled again in February, with a 5.2% year-over-year increase in the consumer price index meaning it is now at its lowest level since January last year. New figures released by Statistics Canada on Tuesday morning showed […]

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Toronto home prices inch upwards in February

Sales remain low across the city’s housing market Toronto’s home price index rose by 1.1% in February over the previous month but continued to plummet on a yearly basis, with sales volumes across the city also remaining subdued. The Toronto Regional Real Estate Board (TRREB) revealed that the home price index (HP) sat at just […]

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Bank of Canada makes first rate hike of 2023

The Bank also gave a significant update on its plans for future rate announcements The Bank of Canada has announced a quarter-point hike to its benchmark policy rate, a move that marks its eighth consecutive rate increase and the first of 2023 – although it also indicated that it could be its last for some […]

Average rent increased by 10.9% in 2022, report shows

Canadians faced an average annual rent increase of 10.9 per cent in 2022, with another five per cent increase forecast for 2023, according to year end data from Urbanation and Rentals.ca. Average monthly rent for December was up 12.2 per cent at $2,005 on a year-over-year basis, according to the groups’ monthly rental report. That […]

How to protect yourself from real-estate title fraud

Recent news stories have highlighted the dangers of real-estate title fraud, which take place when fraudsters or scam artists steal ownership of a home in order to benefit from its value. Yesterday, CBC News reported on a Toronto family that was able to thwart an attempted scam where someone used fake identification to pose as […]

National home sales rise in December

National home sales increased by 1.3% in December over the previous month, according to the Canadian Real Estate Association (CREA), although homebuying activity was down by more than 39% compared with the same time last year. The association’s latest statistics also showed that the MLS Home Price Index fell by 1.6% on a monthly basis, […]

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Record number of condos to flood Toronto market in 2023

A record number of new condo units will be completed in Toronto in 2023, just as skyrocketing mortgage rates make it harder for investors to close on their properties. Nearly 32,000 condos will hit the city and surrounding suburbs, according to data from condo research firm Urbanation Inc. That surpasses the previous high in 2020, […]

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map of every single GO Transit line ever proposed

Toronto’s regional transit network could have looked much different in an alternate timeline, and one high school student from Hamilton has visualized how the GO Transit system may have looked in a reality where every single proposal played out as first envisioned. William (who prefers to be identified by first name only), a 16-year-old student […]

Canada Interest Rate

The Bank of Canada raised the target for its overnight rate by 50bps to 3.75% in its October 2022 meeting, below broad expectations that pointed to a more aggressive 75bps increase. Still, it marked the sixth consecutive rate hike, adding to the 350bps in interest rate increases in the current tightening path and pushing borrowing […]

Hamilton offers forgivable loans for secondary apartment renos

The city hopes to coax affordable secondary units into Hamilton’s housing market through a forgivable loan pilot program. The $250,000 initiative offers applicants of low to moderate income up to $30,000 to build or renovate suites in single-family homes. Those secondary units — whether basement apartments or garden suites — must rent for no more […]

ICON and BIG break ground on the world’s largest 3D-printed community

Texas-based 3D technology company ICON, has broken ground on what will become the world’s largest 3D-printed community. The neighborhood located North of Austin in Georgetown, Texas will consist of 100 3D-printed homes codesigned by Bjarke Ingels Group (BIG) and implemented by Lennar, a large construction company based out of Florida, was first announced in 2021. […]

Is stacked modular the future for affordable rental?

California engineer Curtis Wong is applying tech innovation to the affordable housing crisis and hoping his ideas will take hold across the U.S. The former employee of Elon Musk’s SpaceX is the founder of startup Cloud Apartments, which has a patented design for contemporary, cool-looking apartment modules and snap-together construction. The young company, based in […]

Supply chain woes dissipating CIBC’s Tal tells ACEC forum

Count economist Benjamin Tal among those who do not see a housing crash in Canada in the near future. Tal, the deputy chief economist at CIBC, also suggested during a recent speech to engineers that the world’s producers are showing signs of coming to grips with the global supply chain problem, praised the Bank of […]