Homeownership is one of the major values that many Canadians share. After all, it’s often seen as a major milestone in one’s life to be able to buy your first home. This is not surprising when you consider the many benefits of homeownership both financially and for quality of life. Among Canadians, it’s the older […]
Condo buyers in the Greater Toronto Area might have noticed that the price of units have jumped considerably across the region this past year. New data released by the Toronto Regional Real Estate Board (TRREB) shows that there were double-digit annual price gains between Q1-2021 and Q1-2022. The average GTA condo apartment selling price increased […]
While the price of a new construction condo reached record highs in the Greater Toronto Area during March, sales in the region saw a change from the market’s “breakneck pace,” of the past few months. According to the latest information from the Building Industry and Land Development Association (BILD), there were 4,115 total new home […]
Fourth in (what I hope) will be a series on population growth, migration, and what’s going on with Ontario’s housing market. TL;DR: Although housing completions did not keep up with population growth from 2015–19, they did increase. However, despite the GTA being the prime destination for international talent, the housing completion growth largely happened outside […]
Homeownership is getting out of reach for many As Ontario’s sizzling real estate market puts home ownership out of reach for many Canadians, a growing number of prospective buyers are looking west in hopes of achieving their white-picket-fence dreams. Like newlyweds Vineet Mrug and Kushbu Mistry, who relocated to Calgary from their hometown of Toronto […]
Canada’s annual inflation rate surged to 6.7% in March, a new 31-year record and a higher figure than financial analysts had expected. Statistics Canada announced that the country’s Consumer Price Index (CPI) rose by a full percentage point last month over February’s figure, surpassing Bay Street’s prediction that inflation in March would come in at […]
Since the COVID-19 pandemic began in March 2020, Canadian home prices have experienced significant upward momentum, a trend that is expected to continue into the spring market. According to new market reports, the Teranet–National Bank National Composite House Price Index (HPI) has increased 31.2 per cent between March 2020 and March 2022, two years since […]
The Ontario government has announced that it is investing more than $19 million over the next three years in an effort to help reduce the longstanding backlogs and accelerate decisions at the Ontario Land Tribunal (OLT) and Landlord and Tenant Board (LTB). The funding will help appoint more impartial adjudicators at both bodies, and support […]
Anyone hoping to purchase in cottage country this year can expect to face growing prices as buyer demand continues to outstrip available home supply. New market projections released by Royal LePage forecast that the aggregate price of a single-family home in Canada’s recreational regions will rise 13 per cent in 2022 to $640,710 as demand […]
All-new subway line will bring better, rapid transit to Toronto, create thousands of new jobs and spur economic growth TORONTO — The province has officially broken ground on the Ontario Line Exhibition Station, marking the start of construction for the new subway line that will support the delivery of better and faster transit for the […]
Ontario is raising a tax on home purchases by some foreigners to 20% and making it harder to avoid as it tries to cool a scorching real estate market. The so-called speculation tax will apply to homes bought anywhere in the Canadian province by foreign nationals and foreign companies, provincial Finance Minister Peter Bethlenfalvy said […]
The Ontario Government laid out plans this week for two new transit lines that would further connect the GTA and the Greater Golden Horseshoe region. The province’s 30-year transportation plan, released on Thursday, details several in-the-works and planned future projects, including the construction of the controversial Highway 413. But amongst the list were two new […]
From the launch of the first iPhone, to the world’s population reaching seven billion people, a lot has changed in the past 25 years. In that same quarter-century timespan, the Greater Toronto Area’s housing market has also witnessed remarkable transformation. In its Quarter Century Market Report released today, RE/MAX Canada says that home sales have […]
The pandemic, geopolitical tensions, and supply chain disruptions have thrown the world into disarray in recent years, but that hasn’t stopped the world’s ultra-wealthy population from growing at a strong clip. New data from this year’s Wealth Report by Knight Frank shows that the number of Ultra-High Net Worth Individuals (UHNWIs) grew 9.3% between 2020 […]
Knight Frank just released the 16th edition of its Wealth Report along with the disclaimer that, with everything going on in Ukraine right now, this outlook is of “little relative importance” and kind of doesn’t matter in the grand scheme of things. In any event, it includes the latest edition of their Prime International Residential […]
From the launch of the first iPhone, to the world’s population reaching seven billion people, a lot has changed in the past 25 years. In that same quarter-century timespan, the Greater Toronto Area’s housing market has also witnessed remarkable transformation. In its Quarter Century Market Report released today, RE/MAX Canada says that home sales have […]
The section on Science Centre Station at Don Mills and Eglinton has been updated with an illustration of the CreateTO proposal for the southwest and southeast corners. This article combines the speaking notes and presentation deck for my webinar An Ontario Line Tour that streamed on February 1, 2022 under the sponsorship of Smart Density, […]
Would you move further out of the city to secure the type of home you’re looking for within budget? Given how popular work from home has been in the last few years, the option to choose home type first and city second is opening up to more buyers in Southern Ontario. In fact, a Zoocasa […]
Who doesn’t love a good map? Maps are so much more than just a nice-looking view of an area. They can be highly useful as a way to effectively display data about an area in a way that is immediately readable. In real estate, maps are crucial for all sorts of tasks like title searches, […]
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