Living within walking distance of a subway station is absolutely clutch for anyone in Toronto who needs to commute, but doesn’t have their own car and / or the patience to sit in gridlock traffic every afternoon at rush hour. Sure, the TTC isn’t perfect, but its subway system will generally take you farther across […]
The April numbers for the Greater Toronto Area are out, and while they show a stark contrast from last year’s activity – during what was the depths of the first lockdown – sales and price growth are up strongly from pre-pandemic levels as well. The Toronto Regional Real Estate Board (TRREB) reports 13,665 sales occurred […]
After months of lagging sales, Toronto’s downtown condo market bounced back in Q1-2021, after nearly 3,000 condo units sold, thanks to low borrowing costs, renewed optimism in the market, and rising suburban home prices, according to Urbanation’s Q1-2021 Condominium Market Survey. Released Monday, the survey said 2,886 new condominium units sold in the former City […]
Urbanation released its Q1-2021 quarterly condo market update for the Greater Toronto Area at the end of last month. And there’s some good stuff in it. New condo sales totaled 5,385 units in the first quarter of this year, which is higher than the 10-year average of 4,924 units and only slightly below sales from […]
If there is a housing bubble in Canada, it’s probably not where you think. In the wake of the COVID-19 pandemic, Torontonians fled the dense urban core for arcadia and scooped up cottages in droves with the intention of living in them year-round. However, according to Bradley Watson, a broker with Sutton Group – Summit […]
A widely-watched Canadian home price index shot up nearly 11 percent annually in March as major markets across the country continue to experience exceptional levels of sales activity. Released earlier this week, the latest reading from the Teranet-National Bank House Price Index represented the strongest 12-month gain since September 2017 and marked the eighth-straight acceleration […]
Bader Elkhatib, the vice-president of CentreCourt, specializes in urban high-rises. Yet, the developer isn’t unnerved by pandemic Toronto’s quiet city streets or the trend that has seen more urbanites settling in the suburbs and the sticks. “Wait until the weather is 14 degrees, like it was two weeks ago. The downtown was bumping,” says Elkhatib. […]
Toronto had 125 cranes actively working on multiresidential towers in March, according to the RLB Crane Index, dwarfing the total of any other North American city. “The urban density story for our city has clearly not stalled during the pandemic,” Terry Olynyk, president and managing director of Multiplex in Canada, said in introducing a recent […]
New condo sales across the Toronto region shot up in February after a sluggish period in the winter. According to data published today by the Building Industry and Land Development Association (BILD), there were 1,623 new condos sold across the region last month, up from 665 sales in January and 857 in December. The region’s […]
If I told you I wanted $1 for something but you knew there was no way I was going to let you have it for less than $1.50, you might start to wonder why I had only asked for $1 in the first place. Now imagine that situation playing out multiple times a day, for […]
While Toronto’s low-rise housing segment has been performing on all cylinders amid the pandemic, the condo space has renewed strength following months of declines, with investors being an integral part of this. To put it simply, as the price of detached homes continues to skyrocket, condos are now being viewed as the more affordable option […]
Like many areas of Toronto dominated by vast stretches of low-rise retail and industrial properties, Scarborough’s Golden Mile area is on the doorstep of transformation, with multi-tower communities proposed across various large sites along the Crosstown LRT, set to begin operating in 2022. Evolved from a 2016 proposal to redevelop the Golden Mile Shopping Centre […]
TORONTO — Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday. Sales in the area reached a record 15,652 last month, […]
With the real estate market experiencing surging prices, scant inventories, and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down — in other words, are we headed for another housing market crash? Let’s take a closer look. Memories of the Great Recession Are Still Fresh Few […]
Real estate investors are piling into the condo market and taking advantage of low interest rates – even if it means withstanding short-term losses, according to a prominent Bay Street economist. “It’s really about the supply-demand mismatch and people are looking at interest rates, they know… interest rates will rise,” Benjamin Tal, deputy chief economist […]
Despite rent prices plummeting in the city during the pandemic, new competition for value in Toronto’s rental market is driving prices up for certain listings. Strata real estate agent Francisco Hiebert told Narcity “strong competition for desirable units” has caused bidding wars among tenants who are “waiting out the current buying frenzy” by renting. “Tenants […]
Condo sales are on a sustained upswing across Toronto after spending much of 2020 in the red. Citywide condo sales rose over 63 percent annually last month with 2,167 units changing hands. While most areas tracked by the Toronto Regional Real Estate Board (TRREB) saw substantial increases in sales, a handful recorded transaction totals that […]
An argument can be made that Toronto’s downtown east is the most connected part of the entire megacity, and it stands to reason that owning a piece of real estate there will yield above-average returns. As it turns out, Bauhaus Condos is located within a juncture that, in addition to slick connectivity to the Don […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
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