The Latest information in Pre-Construction Condos
GTA Detached House Sales in June Exceed 2019 Levels in Some Markets
In mid-March, Ontario declared a state of emergency due to COVID-19, and within three weeks, the Bank of Canada cut the overnight interest rate to a decade-low of 0.25%, and half a million homeowners deferred their mortgages. As expected, many…
Toronto region new home sales hit 20-year low
New construction home sales in the Toronto region have hit the lowest level for May since 2000, down 81 per cent year over year, according to the home-building industry association.
It’s not clear how long the disruption will continue,…
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No Nosedive Ahead for Canadian Real Estate Prices: RE/MAX
Canadian real estate kicked off 2020 with a bang, but there are conflicting opinions as to how we’ll finish out the year. Canada’s federal housing agency has warned that average house prices could fall by up to 18 per cent over the next…
38-Storey Tower East of Regent Park Revised
A revised application submitted to the City brings changes to a proposed residential tower at 7 Labatt Avenue near Queen and River streets on the east side of Downtown Toronto. Developers TAS and Tricon resubmitted plans for the project in late…
A 10-Point Checklist All First-Time Homebuyers Should Follow
You’ve checked listings, scouted your favorite neighborhoods, compared market prices and even picked the perfect shade of blue for your future kitchen. It’s safe to say you’re ready to become a homeowner.
While purchasing your first…
SmartCentres Intensifying Pickering Property With Two Residential Towers
Owning approximately 3,500 acres of land at prime intersections in all provinces across the country, SmartCentres REIT is pursuing an aggressive expansion of its SmartLiving residential sub-brand, diversifying and optimizing its portfolio through…
Historical Data Shows Housing Market Will Boom After The 2020 Crisis, And So Will Bitcoin
Historical data from the late 1990s show a financial crisis is often followed with a steep increase in housing prices. If real estate grows in a similar manner as the 2000s, safe haven assets like gold and potentially Bitcoin may follow.
The…
Five cranes rise above Mirvish Village as construction hits grade
The site of Toronto’s famous Honest Ed’s department store is once again buzzing with activity. The beloved retailer closed its doors in 2017 to make way for Mirvish Village, a brand new purpose-built rental community by Westbank. Demolition…
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