Ongoing talk of trade wars and tariffs is dampening sentiment among Canadian consumers. The weekly Bloomberg Nanos Canadian Confidence Index has declined again in the latest reading (54.31) and although the pace of decline slowed, the index is at a 12-month low. Just four week’s ago the index was at 55.28 and it started […]
The technology sector is continuing to view Toronto as a great place to be based, driving demand for offices and other CRE units, while also supporting employment in the city. A report from CBRE shows that 28,900 technology jobs were added in 2017, a rise of 13.6% from the previous year. “High-quality and well-educated tech […]
Homeowners in Vancouver and Toronto believe that foreign investors are driving up home prices but that isn’t backed up by official figures. A new Housing Market Insight from the CMHC shows that 68% of survey respondents in Vancouver and 48% in Toronto think foreign investors have a lot of influence on home prices in their […]
Great Gulf Group is well aware it’s forging ahead with one of Canada’s ritziest condo projects in a market that appears to be cooling. In fact it’s bracing for the possibility. The developer plans to construct the country’s tallest residential buildings — two towers as high as 92 stories plus commercial space, designed by Frank Gehry, […]
The M City complex and Hurontario LRT are scheduled to open in 2021 and 2022, respectively The start of construction for a $1.5 billion condo complex is being hailed as a major step in Mississauga’s ongoing evolution into a full-fledged urban centre. Developers are set to host a ceremonial groundbreaking Monday at M City, a 10-tower, 15-acre […]
Haider-Moranis Bulletin: The private sector can develop student housing into a mature class of real estate investments As enrolment at Canada’s universities and colleges continues to grow, the space for lecture halls, labs and academic offices is becoming scarcer. The same goes for on- and off-campus student housing. More than 1.5 million full-time students are […]
Within seven years, the national average for seniors’ home rents could reach $4,000 a month, DBRS report warns A new cohort is joining young Canadians and others frustrated by sky-high rents and soaring housing costs: seniors. A looming affordability crisis is poised to hit seniors across the country as the baby boom generation makes its […]
Canada’s millennials are focused on homebuying and their intentions are driving the real estate market. A new report from mortgage insurer Genworth Canada reveals that 59% of millennials are already homeowners, with 30% having bought a home in the past two years (including first-time buyers and repeat buyers). That means more than three times as […]
Step by step, the scope of Toronto’s Downtown Relief Line is taking shape. This week, a new round of transit consultations is revealing an evolved alignment for the future subway, with a Queen corridor that includes a station at the Unilever Site near Broadview and Eastern Avenues, preferred by both City Planning and the TTC. […]
Alaina Dyer Maziar, You have been a huge blessing! Your service has been exemplary and you kept my sanity during this ordeal of finding a suitable apartment for my daughter and cousin. Residing outside of the country, I did not know where to turn in looking for a place for my daughter and my cousin […]
Since the start of last year, 17 projects have been cancelled in the GTA, according to real estate services firm Altus Group Ltd. A parcel of land at the corner of Maplecrete Rd. and Highway 7 sits vacant. Liberty Development Corp. pulled the plug on a three-tower, sold-out condo development, citing problems with construction financing. […]
Research firm calculates that standard buyer better off renting as ownership costs have surged The average cost to rent a condominium in the Greater Toronto Area has risen by almost 11 per cent in the past year partly because tougher mortgage rules have shut out new buyers and flooded the market with renters, a new […]
The main advantages of buying a pre-construction condo are that you usually get a better price when you buy at the beginning, and you get to choose to some extent the finishes that your unit will have. For some, there’s the added kick of knowing that no one else has ever lived in their home […]
Canadian home sales jumped in November, as buyers rushed in to avoid new mortgage rules which come into effect in the new year. According to the Canadian Real Estate Association (CREA), national home sales rose 3.9 per cent in November, a spike well above October’s 0.9 per cent increase. “Some home buyers with more than […]
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