The Latest information in Pre-Construction Condos
Condo buyers facing rising costs, challenging affordability
A 26-storey condominium in Abbotsford, BC has been rocked by astronomical increases to its insurance premiums—a 780% increase from its rates last year.
BFL, which insures the aforementioned Mahogany Tower, raised the property’s rates…
Ontario’s rental vacancy rate is starting 2020 at a near record low
New year, no vacancy. Renters in cities across Ontario will spend another year struggling to find rental housing as prices continue to rise in the face of tight market conditions.
In 2019, the vacancy rate was 1.6 percent and it will likely…
Supply pressure to impel intensified home price growth in 2020
The lack of housing supply, especially in the Greater Toronto Area, will aggravate Canadian home price growth this year, amid already acute pressure from investors and speculators.
Coming off the heels of at least nine consecutive months…
2020 rates will likely remain at reasonable levels
This year, mortgage rates will most likely remain low and qualification will be easier, real estate information portal Zoocasa predicted.
Much of the impetus for these developments could stem from renewed calls to give the B-20 mortgage stress…
Developers answer the call for housing outside downtown core
Housing affordability is a significant conversation that is taking place across the country, especially in high-density, urban cities. Even as the risk profile for Toronto and Vancouver housing markets have come down to “moderate” levels,…
2019 is officially one of the biggest years ever for Toronto’s new condo market
It didn’t look like it was meant to be a banner year for Toronto’s new condo market as sluggish activity marred the early months of 2019. But after a spring awakening that was followed by a string of strong months for new condo sales, the…
The Average Home Price In The GTA Crept Closer To $1M In 2019
The average selling price of a home in the Greater Toronto Area (GTA) in 2019 increased 4% to $819,319 according to a new report from the Toronto Real Estate Board (TREB), and those looking to enter the buyer’s market can expect prices to…
Residential construction investment down in 6 provinces
There was a decrease in Canadian construction investment in October, the latest month of data released by Statistics Canada.
The agency says that total investment in construction was down 0.5% month-over-month to $15.5 billion with the residential…
Toronto is among the 10 most valuable 'city brands' in the world
Having a strong brand is vital for successful businesses but for cities it can enhance everything from investment to immigration.
A new report from Global City Lab has ranked the top 500 city brands in the world with more than 80% of them…
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