Canada among world’s four riskiest housing markets

Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity. “In all four, valuations are very elevated, there has been a lengthy housing boom, debt levels are high and there is a significant share of floating rate debt,” Adam […]

Major tech player confirms allure of Toronto real estate

Toronto is home to some of the world’s most innovative technology companies and now arguably the most famous name in tech has announced a major real estate investment in the city. Microsoft will base its Canadian operations in a new state-of-the-art headquarters in 132,000 square feet over four floors of 81 Bay Street, CIBC Square, […]

Ontario suffers worst employment cut nationwide in August

Last month, the Ontario labor market experienced the worst setback nationwide in terms of employment numbers, losing 80,100 part-time jobs. This was the province’s largest employment drop since 2009, contributing to fears of even lowered purchasing power in a market already characterized by inflamed prices. The loss largely contributed to the unexpected loss of 92,000 […]

Canada’s commercial real estate investment sets new record

Investment in Canadian commercial real estate has reached a new record high, beating the previous record set in Q1 2017. Q2 2018 saw $16.5 billion of CRE transactions, 38% above the previous high of $11.97 billion and 105% above the 5-year quarterly average. The half-year total is also a new record high at $26.8 billion. […]

Using the sandwich lease for real estate investing

This isn’t a recipe for a lunch sandwich; it’s the recipe for rental property investing with little or no cash of your own. There is plenty of pie-in-the-sky noise out there about getting rich quick investing in real estate. This is a realistic article about one way to invest with little or no money of […]

PRE-CONSTRUCTION VS RESALE TORONTO CONDOS

The Toronto real estate market is always in flux and, as an investor you should be ready to switch up your strategy to maximize your dollars and of course, your ROI. The real estate market is always in flux and this can make investing exciting but it can also make it extremely difficult for investors. […]

Canadian housing market is bouncing back says TD Economics

Things are starting to improve in Canada’s housing markets according to a report from TD Economics. Deputy chief economist Derek Burleton and economist Rishi Sondhi say that recent data has confirmed TD’s view that there would be some traction gained after initial sharp impact to tighter lending restrictions at the start of the year. “Past […]

Seven Signs Your Local Real Estate Marketing Is Starting To Heat Up

Understanding what a real-estate market is trending toward is vital, as it can help sellers establish what price they want to aim for, while buyers can better determine exactly how much they should spend on a property, especially if the market is looking to be getting hot. So what kinds of signs should you look for, […]

This Canadian city ranks in the global top 10 for innovation

The US has dominated an annual ranking of the Top 500 most innovative cities in the world but one Canadian city has made the highly-competitive top 10. Tokyo tops the list, compiled annually since 2007 by Australian consultancy 2thinknow and based on 162 indicators. London, UK takes the second place. Then comes the first wave […]

Commercial activity gains in GTA amid strong economy

The future is looking positive for the commercial real estate market in the Greater Toronto Area. Members of the Toronto Real Estate Board’s Commercial Network reported a 3.6% rise in leasing in July, with approximately 2.1 million square feet of industrial, commercial/retail and office space leased through the MLS. Offices saw transactions rise by more […]

Strong growth for Colliers International

Colliers International Group has reported strong gains across its global real estate business for the second quarter 2018. The Toronto-headquartered firm’s revenue was up 14% year-over-year in the quarter ended June 30, 2018, to U$667.4 million with GAAP operating earnings of $45.6 million, up from $41.2 million a year earlier. In North America, revenue was […]

Condo sales continue to post strong growth in Ottawa

Ottawa’s home sales market remains strong with condo class properties the clear leader. Sales through the region’s MLS in July totalled 1,614, up 5.9% from the 1,524 a year earlier. Both years have exceeded the 5-year average of 1,501. Of July’s sales, 1,238 were residential class with 376 in the condo class. The year-over-year increase […]

Real estate investment $1 billion club is getting bigger

Real estate is attracting more cash from institutional investors globally with those allocating at least U$1 billion growing in the past year. In 2017, 422 investors were part of real estate’s ‘Billion Dollar Club’ but in 2018 that has risen to 499, a 13% increase according to industry analysts Preqin. “The allocations of these investors […]

Toronto resales gain 18.6% in July, average selling price up

There was strong growth for resales in the Greater Toronto Area in July with sales up 18.6% year-over-year to 6,961 units. Toronto Real Estate Board says that the average sales price was up 4.8% to $782,189 including a moderate rise for detached home types. Preliminary seasonal adjustment shows a 6.6% rise in sales compared to […]

Artworks Tower opening this fall in Regent Park in Toronto!

Regent Park in Toronto is undergoing one of the most ambitious and incredible revitalizations in the history of the city, and Daniels is playing a leading role. The latest high-rise condo in the community was just announced – we’d like to introduce you to Artworks Tower. Artworks Tower will rise 33 storeys and feature one- to three-bedroom […]

I’m very interested in buying a certain house, but the seller wants me to fork over a really big deposit. If I change my mind, can I get my deposit back?

The short answer to your question is that, in most cases, real estate transaction deposits are not refundable. There’s no set amount for deposits, however. If the owner’s demand for a large deposit is a major sticking point, you could ask your real estate representative to try to negotiate a lower deposit amount with the […]

Home sales and prices rise in Toronto region for a second straight month

In a sign that the Toronto area real estate market is in recovery mode, year-over-year resale home prices and sales rose for a second consecutive month in July. Selling prices climbed 4.8 per cent to $782,129 last month, up from $745,971 in the same period last year, for all types of homes in the region, […]

Condo construction in the GTA hits record high

Urbanation, the authority on condo market intelligence in the Greater Toronto Area, released its market results for the second quarter of 2018, reporting a drop in sales as developers respond to the buyer slowdown. In 2017, pre-sales hit a record high, so it’s not surprising the total number of condo units under construction in Q-2018 hit […]

New GTA condo supply “in check” says Urbanation

There was a record high for new condo starts in the GTA in the second quarter of 2018 (7,981) while sales slumped. There was also a record high for condos under construction (63,905, 95% pre-sold) driven by a high level of pre-sales in 2017. However, a report from Urbanation says that pre-sales of new condos […]

These condo units are Toronto’s hottest commodity

Condo investment in Toronto tenders diminishing returns, but the discerning real estate investor can still turn a tidy profit. Two-plus-twos— that is, two bedrooms and two bathrooms—are among the scarcest commodity in downtown Toronto real estate today. In a city wherein glass towers are sprouting faster than weeds, units are shrinking in size. According to […]