The annual pace of Canadian housing starts fell to their lowest level in nearly two years in September. Canada Mortgage and Housing Corp. says the seasonally adjusted annual rate came in at 188,683 units last month, down from 198,843 in August. Thomson Reuters Eikon says economists had expected an annual rate of 210,000 for September. […]
Vancouver’s skyline will reach new heights in 2022 as The Stack becomes the city’s tallest ever tower. Built by Oxford Properties Group, the tower at 1133 Melville will be 530 feet tall and provide a AAA class office development of 540 square feet, making it the largest office development currently underway in Vancouver. Demolition has […]
Toronto is often considered to be the least affordable housing market in Ontario but that’s not the case says Zoocasa. The real estate website’s analysis shows that a median income earner ($65,859) in Toronto would be $41,282 short of what’s needed to buy the average-priced home ($785,223). But despite a higher median income ($88,535), buying […]
August saw new home sales on pause in the Greater Toronto Area but there are signs that better things are ahead. The Building Industry and Land Development Association (BILD) says that there were 974 new home sales according to data from Altus Group, including 171 single-family homes, a 50% increase year-over-year but 80% below the […]
The impact of the mortgage stress test is easing and the Greater Toronto Area’s housing market is showing growth – signalling the end of the market correction. That’s the assessment from RE/MAX INTEGRA, Ontario-Atlantic Canada Region which says that demand for single-family homes is on the upswing and average prices are starting to rebound. “The […]
Biarke Ingels Group has received approval for their King Street West condo community in Toronto. Originally proposed in 2016, the development was made as sets of pixels extruded upwards to create space for housing, retail and boutique offices. The concept was formed to avoid the footprints of heritage buildings that already exist on site. Alex […]
The newest renderings of BIG King West have seen the concrete give way for stunning glass blocks.
Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity. “In all four, valuations are very elevated, there has been a lengthy housing boom, debt levels are high and there is a significant share of floating rate debt,” Adam […]
Toronto is home to some of the world’s most innovative technology companies and now arguably the most famous name in tech has announced a major real estate investment in the city. Microsoft will base its Canadian operations in a new state-of-the-art headquarters in 132,000 square feet over four floors of 81 Bay Street, CIBC Square, […]
Last month, the Ontario labor market experienced the worst setback nationwide in terms of employment numbers, losing 80,100 part-time jobs. This was the province’s largest employment drop since 2009, contributing to fears of even lowered purchasing power in a market already characterized by inflamed prices. The loss largely contributed to the unexpected loss of 92,000 […]
Investment in Canadian commercial real estate has reached a new record high, beating the previous record set in Q1 2017. Q2 2018 saw $16.5 billion of CRE transactions, 38% above the previous high of $11.97 billion and 105% above the 5-year quarterly average. The half-year total is also a new record high at $26.8 billion. […]
This isn’t a recipe for a lunch sandwich; it’s the recipe for rental property investing with little or no cash of your own. There is plenty of pie-in-the-sky noise out there about getting rich quick investing in real estate. This is a realistic article about one way to invest with little or no money of […]
The Toronto real estate market is always in flux and, as an investor you should be ready to switch up your strategy to maximize your dollars and of course, your ROI. The real estate market is always in flux and this can make investing exciting but it can also make it extremely difficult for investors. […]
TORONTO _ Royal Bank of Canada set the tone for the latest round of big bank earnings with a dividend hike and profits and revenues in the latest quarter, helped by higher interest rates and mortgage growth. Canada’s biggest bank by market capitalization delivered a record $3.1 billion in net income for its fiscal third […]
The Supreme Court of Canada has refused to hear an appeal from the Toronto Real Estate Board that would have prevented the numbers from being posted on password-protected webpages. Greater Toronto Area realtors can now publish home sales data on their websites after the top court ruled against the real estate board, a case that […]
Investing in real estate can be tricky in a rising rate environment, but interest-only mortgages with term are helping stabilize cash flow. “It’s the most innovative product that has come through the mortgage market for the last seven years,” said Jacques du Preez, principal broker and owner of Mortgage Allies. “Because of the new rental […]
A new report from reveals that, in the one-bedroom category, Toronto rents have surpassed Vancouver’s, but the latter’s two-bedroom units are still Canada’s most expensive. “Toronto has been a hot market,” said Matt Danison, “The prices keep going up and up and up. Toronto and Vancouver are always battling for the top rents in the country; it’s […]
The Fair Housing Plan and B-20 have conspired to put downward pressure on valuations throughout Toronto, however, some neighbourhoods have been impervious. The six steepest year-over-year drops between July 2017 and this year are Don Mills, Parkwoods-Donalda and Victoria Village, where prices depreciated 19%. Bridle Path-Sunnybrook-York Mills and St. Andrew-Windfields saw an 18% decline, as […]
Things are starting to improve in Canada’s housing markets according to a report from TD Economics. Deputy chief economist Derek Burleton and economist Rishi Sondhi say that recent data has confirmed TD’s view that there would be some traction gained after initial sharp impact to tighter lending restrictions at the start of the year. “Past […]
A combination of factors continue to impact affordability of homes in the US and sales are suffering. With prices rising due to low inventory, cost of materials for new homes and renovations, and increasing mortgage rates, affordability is a key barrier to first-time buyers and those wishing to trade up. Existing home sales in July […]
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