The Latest information in Pre-Construction Condos
1,805 Cresford purchasers in limbo as receivership process wears on
It’s been weeks since thousands of purchase agreements were left in the lurch as three major Toronto projects developed by Cresford entered into receivership.
In late March, PricewaterhouseCoopers (PwC) was appointed as the receiver and…
Home construction in Ontario can fully resume on May 19th
Following a steady decline of COVID-19 cases across the province, the Ontario government will lift essential workplace restrictions on construction activity.
Beginning on Tuesday, May 19th, all construction operations will resume as part…
Falling home listings will keep prices stable through pandemic: BMO
Homebuyers, real estate investors and industry commentators alike are grappling with the many ways the COVID-19 pandemic will impact Canada’s housing market and the path ahead as economic activity across the country cautiously resumes.
One…
GTA Rental Market: Trouble for Airbnb Condo Owners, Relief for Renters
Many people have pointed out that the COVID-19 pandemic has magnified several negative trends that were already underway, from income inequality to disfunction in care for seniors.
And for renters and landlords, this may turn out to be the…
What does shared space look like in the post COVID-19 city?
There is something unsettling about a quiet city.
The empty streets, squares, and taped-off playgrounds that were full and vibrant only a few months ago now sit silent, stirring a seemingly endless series of questions about our recovery.
At…
34% of Torontonians Still Say They Want to Buy a Home in the Next 12 Months
Despite the uncertainty the COVID pandemic has caused for Toronto’s real estate market, residents are still interested in buying a new home in the coming months, according to a new survey from the Toronto Regional Real Estate Board (TRREB).
To…
Toronto home prices rise 0.1% as pandemic crushes April sales
Home sales collapsed as anticipated in April as unprecedented job losses, economic volatility and strict physical distancing measures sapped the momentum behind what should have been Toronto’s busiest home buying stretch of the year.
But…
Mortgage rates will remain at historic lows until 2022: BMO
With anxiety mounting throughout March as the economic impacts of the COVID-19 pandemic intensified, Canada’s central bank took swift action to slash interest rates at several points during the month.
The cut announced by the Bank of Canada…
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