Whether you want to stop paying skyrocketing rental rates, start building equity, or own property that can be passed down to your children, purchasing a home is likely a long-term goal of yours. However, with rising home costs and the mortgage stress test introduced in 2018, achieving that goal can be a challenge for many […]

More Canadian banks are trimming mortgage rates following RBC’s move last week to hack 15 basis points off its five-year fixed rate. It was likely welcome news for homebuyers in Toronto, one of Canada’s priciest markets with an average home price of $750,180, according to the local real estate board. But could these discounted rates […]

The Canadian housing market’s performance has been even worse than TD expected, but there are multiple reasons one of Canada’s biggest banks doesn’t predict “a further sustained deterioration” — or worse — this year. “These [reasons] include another year of strong population growth, healthy labour market conditions and a more patient Bank of Canada,” writes […]

(Mount) Pleasant Victory A recent court decision has put over 1200 acres of green space back into the hands of public ownership. This is a massive victory for residents, and if upheld on appeal, will help ensure these lands are properly managed and remain publically accessible. On January 3, Justice Sean Dunphy of Ontario’s Superior […]

Sales activity in Ontario’s existing-home market was slowing last year, but homebuilders weren’t saddled with high levels of new unsold dwellings, suggests a recent report from Central 1 credit union, which predicts the trend will continue. Across the province, there are 2,112 homes that — despite being finished — have not found buyers. However, that’s […]

The leading property listings website for Chinese consumers has added a new channel focused on those who want to retire abroad. Juwai.com, which reaches more than 3 million Chinese consumers each month has launched its Retirement and Lifestyle Channel to provide information and real estate listings for retirement properties and communities internationally. “The countries that […]

With a focus on security and performance, Oracle today announced the opening of a 700,000 square-foot data centre in Toronto to support customer demand in the region. Oracle has “leapfrogged” the competition when it comes the next-generation of cloud infrastructure, and its making good on the company’s promise to automate the tedious processes behind cloud […]

In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments. It’s a very different story today — so much so that an economist with one of Canada’s biggest banks recently said “no more detached homes for you” in a note to clients. In the note, […]

A decade ago, an office landlord might have gone into crisis mode upon learning a tenant as big as Canadian Imperial Bank of Commerce was preparing to flee to a new development down the street. But these days, perhaps nothing says more about demand for office space in downtown Toronto than QuadReal Property Group’s response […]