The Latest information in Pre-Construction Condos
Housing market still set for a "big year" despite gloom
Lower interest rates will throw more fuel onto the fire that is Canada’s housing market and lead to a strong increase in resale home prices and residential investment this year, despite an economy that looks to be on the brink of a recession.
A…
Canada’s largest banks slash prime lending rates
Following the Bank of Canada’s surprise announcement last week that it is lowering interest rates by 50 basis points to 0.75%, the country’s largest banks cut their prime lending rates to 2.95% from 3.45%.
RBC Royal Bank, BMO Bank of…
Bank of Canada cuts overnight rate again
Beginning today, the Bank of Canada is lowering its target for the overnight rate by 50 basis points to 0.75%. The Bank Rate is correspondingly 1 percent and the deposit rate is 0.50 percent.
The unscheduled rate decision is the second in…
Rent for 1-Bedroom in Toronto Dips Back Below $2300 in February
Torontonians struggling to make ends meet during the COVID-19 pandemic have gotten some respite for their housing concerns: last week, the province suspended evictions, and now, it looks like rental rates in the city are finally starting to…
The Orbit aims to transform Innisfil into Ontario’s most futuristic town
A small town situated 60 kilometres north of Toronto along the shores of Lake Simcoe has aspirations of becoming the city of the future. Characterized by its rolling hills, farmland and cottages, Innisfil is a quiet municipality known to many…
Toronto urges landlords to protect their tenants
Landlords should support tenants who become unemployed as a result from the coronavirus outbreak, the City of Toronto said Tuesday.
Mayor John Tory announced the City is taking action to help Toronto's most vulnerable tenants impacted by…
8 REASONS THE CORONAVIRUS WON’T CRASH THE HOUSING MARKET
It’s all you hear on the news, it’s all you read in the papers, and it’s all you see on social media. The coronavirus is everywhere, and it’s safe to say that everyone is scared, both of the disease itself and the potential economic…
33 Avenue Road Condo Tower Proposal Changes in New Design
A proposal to redevelop the northeast corner of Avenue Road and Yorkville Avenue first appeared on UrbanToronto's front page in 2012, and after another change to the project's team, a new version of the proposal has appeared in a new rezoning…
Canada's home market expected to overcome slowing market
A WEEK into a pandemic that has forced a swath of Canada's economy to shut down and wiped hundreds of billions of dollars off the nation's stock market, a Vancouver mansion sold for C$150,000 (S$150,000) over the asking price.
As the coronavirus…
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