The Latest information in Pre-Construction Condos
Peel Region new condo sales soared 329% in February before pandemic hit
February was a stellar month for new condo sales in the populous region immediately west of Toronto. But with the COVID-19 pandemic disrupting every aspect of life in Canada, it is likely to be the last high-performing sales month for a while.
Peel…
Bank of Canada Cuts Rate to 0.25% In Emergency COVID-19 Measure
The Bank of Canada (BoC) has made another unscheduled rate cut, slashing its Overnight Lending Rate by 50 basis points from 0.75% to 0.25% – the lowest it has been since April 2009 – as further response to the COVID-19 pandemic and its impact…
Bank of Canada battles coronavirus fallout with third rate cut
In an emergency announcement today, Canada’s central bank cut its market-shaping overnight rate by 50 basis points to 0.25 percent in response to the coronavirus pandemic’s dramatic impact on the Canadian economy and financial system.
This…
RBC accused of using COVID-19 to acquire assets at low cost
A real estate investment trust has alleged that RBC has used the COVID-19 coronavirus outbreak to acquire real estate assets at rock-bottom prices.
According to a Bloomberg report, a subsidiary of AG Mortgage Investment Trust Inc. claims…
Toronto home sells for $330k over asking amid coronavirus chaos
It’s an uncertain time for many. Amid the coronavirus crisis, borders have shut, flights have been downed and workplaces around the world are learning to adapt to empty desks as employees work from home. This week was so different from the…
Seventeen offers for compact Theatre District condo
Across from Roy Thomson Hall, one-bedroom suites at Theatre Park sold for $568,000 and $590,000 in June and July respectively. Months passed before a similar model – this 450-square-foot unit – was again available for sale and 140 potential…
Here's how Toronto renters feel about the new mortgage deferrals in Canada
Now that banks in Canada have announced that they will allow homeowners to defer their mortgage payments for up to six months in light of the current novel coronavirus pandemic, tenants are wondering why they still have to keep up with rent…
Can the Tech Industry Help Save Toronto From its Housing Crisis?
Finding a stable, affordable and comfortable place to live is what Torontonians are after, Toronto’s Deputy Mayor Ana Bailão tells Toronto Storeys.
Bailão, who is also the city councillor of Ward 9, says “Housing affordability and affordable…
Canada’s Population Explodes At The Fastest Rate Since 1990, Even With Outbreak
Canada’s national statistics agency is estimating monster growth for population. Statistics Canada (Stat Can) population estimates show fast growth in Q1 2020. The population is now estimated to be growing at the fastest pace in 3 years.
Canada’s…
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