Toronto’s low-income renters may soon get some relief from the city’s overheated market following the announcement of a $1.4-billion rental housing benefit co-funded and agreed on by the provincial and the federal governments. Housing Minister Steve Clark said he expects the Canada-Ontario Housing Benefit, which eligible participants can use wherever they decide to rent, will […]
Canada’s housing market improved for the 9th month in a row in November, with strong gains in both sales and price growth – a trend that’s expected to continue into 2020, according to the Canadian Real Estate Association. The latest data reveals the number of homes trading hands nationwide rose 0.6% from October levels, and […]
Global household wealth is currently estimated at about $360 trillion, according to Credit Suisse’s 2019 Global Wealth Report. This represents an increase of about $9 trillion (~2.6%) from 2018-2019. Over the last decade, much of this growth in household wealth has come from two countries: the United States and China. 40% of the world’s US […]
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity this year and for 2020 via the Multiple Listing Service (MLS) Systems of Canadian real estate boards and associations. Evidence suggests housing activity will continue to improve into 2020, with prices either continuing to rise or accelerating in many parts of […]
Thankfully, success in real estate doesn’t require an ability to predict the future. But having an idea where the market is heading is critical to making the right decisions. PropertyGuys.com recently released a list of six trends that the company feels will have a lasting, potentially transformative effect on Canada’s real estate market in the […]
Toronto’s low income renters should soon learn how they can access a portable rental housing benefit following the announcement of what amounts to a $1.4 billion deal co-funded and agreed on by the province and the federal government. “Today’s announcement is another great example of how governments are working together to help our residents,” said […]
Using data from Turner & Townsend, Curbed recently reported that the most expensive city in the world in which to build is now San Francisco. On average, it costs USD 417 per square foot. San Francisco is followed by New York ($368 psf), London, Zurich, and Hong Kong. New York took the top spot last […]
If you’re struggling to find a place to rent in Mississauga, you should prepare for a challenging market marked by even higher prices in 2020. In fact, the recently-released Rentals.ca December 2019 Rent Report, produced by Rentals.ca and Bullpen Research & Consulting, suggests that rents could climb 8 per cent in Mississauga next year. When […]
The use of technology to review contracts is already rising fast in the legal services industry but a Vancouver firm hopes to find traction in the real estate industry. Eli Technologies has claimed a world first with its artificial intelligence (AI) powered condo and strata document review platform which helps real estate professionals to review […]
Probably more often than not in today’s new home builds – but understanding your rights as a purchaser and the responsibilities of your developer are key to determining whether you should apply for compensation from your builder. Our team is well versed in occupancy legislation and will help you receive the money you are […]
The Bank of Canada (BoC) announced today that it would keep the overnight rate at 1.75%. The Bank Rate is correspondingly 2% and the deposit rate is 1.5%. The BoC has maintained the current overnight rate since last October, when it was raised from 1.5%. No one really expected the central bank to raise rates, […]
The City of Toronto has released a comprehensive housing blueprint to assist more than 341,000 households over the next decade. The HousingTO 2020-2030 Action Plan provides 13 strategic actions that looks to address the “full continuum” of housing – including homelessness, social housing, rental housing, long-term care, and home ownership. Some of the highlights include […]
Ben Myers of Bullpen Research & Consulting was recently interviewed by Newinhomes.com about the state of Toronto’s new housing market. Ben is always interesting. And these are the sorts of things that I read in my spare time. So here’s an excerpt: The average price of popular new condo floor plans in the City of […]
Ontario Economic Overview With 2019 approaching its end, Ontario’s economic growth for 2019, at just over 1%, is forecasted to underperform the national average of 1.4%, with 2020 only expected to see about 0.75% growth compared to Canada’s 1.1%. The Greater Toronto Area (GTA) and Ottawa-Gatineau regions are expected to see stronger growth than the […]
Like all markets, the housing market in Ontario is driven by the laws of supply and demand. Strong demand for housing has created a persistent supply challenge that can only be solved, simply, by boosting the number of new homes being built. This approach makes sense. It is supported by numerous economists and academics. This […]
French architect Jean Nouvel has designed a sprawling, stone-clad residential development for the outskirts of Quito that echoes its mountainous surroundings. Ateliers Jean Nouvel has created Aquarela for Cumbayá, a rural area east of the Ecuadorian capital, in collaboration with local architectural developer Uribe & Schwarzkopf. The 136,580-square-metre project will comprise nine residential blocks wrapped […]
A proposed 72-storey, mixed-use tower set to become the tallest in Niagara Falls was approved at a Council meeting in that city yesterday evening. The condominium and hotel tower at 6609 Stanley Avenue is set to rise 253.45 m high, surpassing the 56-storey, 177.1 m/581 ft north tower of the Hilton Niagara Falls, which has […]
The Toronto housing market continued to rebound in September, with prices rising the most in 21 months, bringing the cost of a typical home close to the record high set in 2017. The benchmark price across all types of homes rose 5.2 per cent from a year earlier to $805,500, the highest annual rate of […]
Much ink has already been spilled over the rebound in housing that’s underway in some of Canada’s largest markets. After a volatile 2018 and an exceptionally brutal winter, home sales began to recover, particularly in the Toronto and Vancouver regions. The country’s all-seeing housing eye, the Canada Mortgage and Housing Corporation (CMHC), recently published its […]
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