Entries by Mahyar Rezapour

Proposed 80-storey Toronto tower would be tallest building in Canada

The southwest corner of Yonge Street and Bloor Streets in Toronto, is pictured on Wed., March 11, 2015. Mizrahi Developments is proposing the construction of an 80-storey mixed-use building on the site.   The Toronto businessman who purchased the iconic southwest corner of Yonge and Bloor streets unveiled his vision to local residents on Wednesday, […]

March 12, 2015 by

The Economist Ranks Toronto Best City to Live In

The Economist recently released a study of major cities throughout the world and found that Toronto is the world’s best city to live in. The study was based on a number of factors including safety, livability, cost of living, business environment, a democracy index, and a global food security index. Within these factors, over 40 […]

March 2, 2015 by

Big Surge in Micro Condos

Micro condos will face their first real test in Canada this year, experts say. TORONTO – The appeal of so-called shoebox condos — no larger than the size of two average living rooms — will face its first real test in Canada this year, with an influx of the compact homes set to hit the […]

February 14, 2015 by

We just might need all those new condos, CIBC economist says

REAL ESTATE We just might need all those new condos, CIBC economist says IMMIGRATION FLOOD By GARRY MARR Nov, 2014 Are we really overbuilding, constructing too many condominiums and creating too much sprawl? A new report maintains we need that housing more than ever. Benjamin TaI, deputy chief economist with Canadian Imperial Bank of Commerce , says we might be substantially underestimating household formation because […]

November 25, 2014 by

Autumn Numbers to Crunch, Condominium Market Update, Nov 2014

Autumn Numbers to Crunch Cut it anyway you like it, October was a big month for the statistics lover. Condominium Market Update, November 2014:   The Canadian Mortgage and Housing Corporation (CMHC) started the ball rolling with its report that housing starts were up in September – 197,343 units, up from an upwardly revised 196, 283 in August. The crown corporation noted that […]

November 25, 2014 by

Tall tales: Comparing new condo heights in Toronto and New York City

The flocks of construction cranes crowding Toronto’s skyline won’t be going away any time soon. In late August, City Council approved anincredible amount of development over the course of just one week – 755 storeys of space over 18 new buildings. Largely concentrated in the downtown and the burgeoning South Core district along the lake, the approval […]

September 23, 2014 by

Tableau Upping the Entertainment District’s Design Ante

September 17 During the frenzy of interviews and red carpet appearances at the recent 2014 Toronto International Film Festival, many international celebrities commented on the dramatic changes they noticed in the area compared to previous visits. The festival takes place in the heart of the Entertainment District, an area with one of the country’s densest […]

September 22, 2014 by

GTA expected to lead country in luxury home sales

Sales of $1 million-plus houses — and condos — are expected to be strong into 2015, a report from Sotheby’s states.   SOTHEBY’S INTERNATIONAL REALTY CANADADemand for Toronto real estate remains strong. For example, this seven-bedroom, 11-bath Bridle Path home was listed for $14.8 million and sold this year for $14.2 million. It boasts a […]

September 4, 2014 by

Toronto tops survey of world’s most ‘resilient’ cities

Toronto, Vancouver and Calgary have topped a survey that ranked 50 international cities according to their “resiliency.” Toronto came in first, with Vancouver and Calgary following in second and third place. No other Canadian cities were on the list. The findings were part of a research report by Grosvenor, an international real estate development company. Chicago, Pittsburgh […]

August 6, 2014 by

Home Tax Deductions & Credits in Canada

Canadian homeowners have several home tax deductions that they can claim. They include: First-time home buyer’s tax credit If you are buying a home for the first time, you can claim a non-refundable tax credit of up to $750. This new non-refundable tax credit is based on a percentage of $5,000. You or your spouse […]

August 1, 2014 by

Are Toronto condo rents poised to climb?

Will rents for Toronto condos resume their upward climb? Monthly rents for condo-apartments in Canada’s most populous city have softened, according to data from the Toronto Real Estate Board, which represents realtors and tracks the market by way of the Multiple Listing Service. The average rent for a one-bedroom unit rented by way of the […]

July 27, 2014 by

TEDRA

Toronto Entertainment District Residents Association Voice for the residents that inhabit Toronto’s Entertainment District View Our Latest Newsletter: http://torontoedra.ca/

July 13, 2014 by

5 questions to help you decide whether to rent or buy a home

A home is one of the biggest financial commitments most of us will ever make — so it’s understandable that we might get a little stressed over what seems like a straightforward question: Should I rent or buy? To try and ease that anxiety, we spoke with a mortgage expert and a certified financial planner […]

June 25, 2014 by

Teranet price index reaches all-time high in May, but monthly growth falls behind previous years

The latest numbers from Teranet and the National Bank of Canada are a bit of mixed bag. In May, the Teranet-National Bank National Composite House Price Index rose 0.8 per cent from April. Though the month-to-month boost was fairly robust, especially when you compare it to theweaker-than-expected April and flatlining prices in March, it was the fifth smallest increase for May […]

June 18, 2014 by

How much does it cost to rent an apartment in your city?

Photo: Jocelyn Durston/Flickr Nation-wide, rental prices didn’t see much of a change between April 2013 and April 2014, but the numbers vary greatly from province to province, with Prairie cities clearly on the rise. The newly released Spring Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC) pinpointed the average rental cost for a two-bedroom apartment […]

June 18, 2014 by