50 Scollard Autumn is the real estate industry’s second-busiest time of the year and the pre-construction condo market is replete with an interesting suite of amenities. And according to Barry Fenton, president and CEO of Lanterra Developments in Toronto, the city’s shrinking condo units make dynamic amenities all the more essential. “A lot of amenity […]
A double-digit percentage increase in the number of Greater Toronto Area houses sold last month shows the region’s property market is “quite fine,” according to analysts, as it rebounds from mortgage controls introduced last year that sidelined some buyers. Housing sales in the GTA rose 13.4 per cent in August compared with the same month […]
The number of Canadians receiving regular Employment Insurance (EI) benefits in June was 442,600, virtually unchanged from the previous month. Year-over-year, there were 21,300 fewer EI beneficiaries, a 4.3% reduction. Statistics Canada says that the month-over-month data shows an increase in EI beneficiaries in Quebec while there was a decrease in Alberta, Saskatchewan, Nova Scotia, […]
Avison Young has appointed five highly regarded finance and strategy professionals to its team as it continues its rapid expansion worldwide. The appointments include several thought leaders and comprise two promotions and three hires for newly created positions. Tom Morande becomes chief financial officer for North America. He joined the firm as a principal […]
Homeowners who want to be truly satisfied with their home should avoid comparing its size to that of their neighbours’ homes. A new study from Iowa State University has found that if their home is smaller than neighbouring homes, it often leads to dissatisfaction. The study was conducted by researchers led by Daniel Kuhlmann, assistant […]
The market for condo apartments remained strong in the Greater Toronto Area in the second quarter. Greater Toronto Realtors reported 7,038 sales of condo apartments through the Toronto Real Estate Board’s MLS in the three months, up 3.2% compared to a year earlier. New listings for the sector were down 3.5% year-over-year to 11,110; and […]
When art director Cory Ingwersen started searching for a home in Toronto earlier this year, his hunt began in a slumping housing market. Yet bidding war after bidding war, Ingwersen says he and his wife made multiple offers on several properties, only to be met by counter-bids that were 10 to 20 per cent […]
In a city full of condos, you may be surprised to know that there are only a handful of Toronto condos that allow short-term rentals. Albeit, there are many condo owners and renters that choose to ignore the short-term rental policy their condo building may have in place, but that’s a conversation for another day. […]
Urbanation released its Q2-2019 condo market results for the Greater Toronto Area this week. It was a robust quarter, following a slower Q1. Here are a few highlights: – 8,902 condo units were sold across the GTA in Q2-2019. This is the second highest Q2 level on record after Q2-2017 (11,413 sales). – The average […]
Garrett Dash Nelson recently published a study looking at urban density on a cell-by-cell basis for a number of US cities. Each “cell” is a 30 arc-second grid cell, but you can think of them as being approximately one square kilometer. The goal of the project was to better define urban density and do it […]
RENT OR BUY TORONTO 2019 With every passing year it seems that, for many, the dream of moving from renting to buying a home in Toronto slips farther and farther away. Many are posing the question, when will the Toronto real estate market crash in hopes of a price drop to get their foot in […]
It’s east versus west when it comes to the upper echelons of Canadian real estate. A new report from brokerage Sotheby’s International Realty Canada highlights the chasm separating the luxury segments of housing markets on either end of the country. Price and sales performance of top-tier residential properties in Toronto and Montreal provide a stark […]
Amid sustained high levels of demand, condos continued to be the fastest appreciating residential property type in the Greater Toronto Area, according to the latest Royal LePage House Price Survey. The region’s condo units enjoyed a 7.2% year-over-year increase during the second quarter of the year to reach $542,203. In comparison, growth in the other […]
It appears even developers of pricier, larger condos are conserving space by removing their ovens. A one-bedroom unit at 155 Yorkville Ave., a four-minute walk from the Royal Ontario Museum, boasts 610 square feet and is asking for $3,295 in rent in an ad on Realtor.ca. It includes a bedroom and bathtub, a swanky den […]
The annual BILD Awards celebrate the GTA’s hottest, new digs. Here are four properties prospective buyers should take a look at From soaring skyscrapers to low-key low-rises, the Building Industry and Land Development Association highlighted some of Toronto’s top properties at the 39th annual BILD Awards. The annual ceremony, held last month, honours achievements in […]
Toronto condo prices continue to level off amid tighter lending rules and a surge in new supply. The average price per square foot of a resale condo in Canada’s biggest city rose 3.3% to C$683 ($520) in the first quarter from the same period last year, the weakest gain since 2014, according to market-research firm […]
An annual ranking of the affordability of global cities for employees working abroad shows Canada has stayed stable. Mercer’s Cost of Living Survey finds that Canada’s major cities are relatively affordable while global peers have become more expensive for ex-pat workers. Vancouver remains the most expensive in Canada but slips three places from last year […]
If you ever find yourself wondering why there are so few little walk-up apartments in Toronto — of the kind that are absolutely commonplace all across Montreal — you can look to history. “In May 1912, the city declared a full-scale ban on apartment buildings in residential neighbourhoods,” writes Emma Abramowicz in an essay in […]
A plan to create a modern, high-tech city in Toronto will benefit from a C$1.3 billion (U$980 million) investment from Alphabet Inc. but the project has raised some questions from Waterfront Toronto. The parent of Google will invest in the project through its Sidewalk Labs subsidiary and aims to work with local partners to finance […]
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