The Latest information in Pre-Construction Condos
Underused Ontario schools could be sold by Ford government for housing in new education bill
The Ford government tabled new legislation that will give itself the power to convert underutilized schools in Ontario into affordable housing or sell off the properties on the open market, in a major overhaul of education policies.
The…
Permits to build new Ontario condos soar by 25% as new policies speed approvals
Building permits for multi-unit dwellings are on the rise in Ontario as the province continues to face pressure from increased demand and a critical shortage of housing.
The total value of building permits in Canada increased by 8.6 per cent…
Canada inflation rate hits 13-month low
Annual price growth is now at its lowest level since January 2022
The annual pace of inflation in Canada cooled again in February, with a 5.2% year-over-year increase in the consumer price index meaning it is now at its lowest level since…
Bank of Canada keeping options open but could be done on hikes: CIBC's Tal
The Bank of Canada finally hit pause on rate hikes in its latest announcement – and its language in the statement suggests its preference is to keep its benchmark rate unchanged for the remainder of the year, according to a prominent economist.
Benjamin…
Toronto home prices inch upwards in February
Sales remain low across the city's housing market
Toronto’s home price index rose by 1.1% in February over the previous month but continued to plummet on a yearly basis, with sales volumes across the city also remaining subdued.
The…
Bank of Canada makes first rate hike of 2023
The Bank also gave a significant update on its plans for future rate announcements
The Bank of Canada has announced a quarter-point hike to its benchmark policy rate, a move that marks its eighth consecutive rate increase and the first of…
Average rent increased by 10.9% in 2022, report shows
Canadians faced an average annual rent increase of 10.9 per cent in 2022, with another five per cent increase forecast for 2023, according to year end data from Urbanation and Rentals.ca.
Average monthly rent for December was…
GTA Condo, Purpose-Built Rental Completions to See Record-Breaking Year
Just under 32,000 new condo units are slated for completion in the Greater Toronto Area (GTA) in 2023, according to real estate consulting firm Urbanation.
Urbanation President Shaun Hildebrand tells STOREYS the figure may more realistically…
How to protect yourself from real-estate title fraud
Recent news stories have highlighted the dangers of real-estate title fraud, which take place when fraudsters or scam artists steal ownership of a home in order to benefit from its value.
Yesterday, CBC News reported on a Toronto family that…
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