One of Toronto’s oldest malls is about to be totally transformed

The more than 60-year-old Cloverdale Mall in Etobicoke is agreeably not the most beautiful destination that the city has to offer shoppers. But a major developer has some big plans for the property, and they’ve just released the details of the multi-building, mixed-use development due to take the place at the dated, largely one-storey shopping […]

Traders Building Development Revised in Updated Plan

While the original application contained only a single perspective of the proposed development, located one block south of Bloor Street East, the resubmission includes several new images highlighting multiple angles of the project. Featuring architecture by RAW Design, the majority of the renderings showcase how the existing Traders Building will be partially retained to serve […]

Toronto condo prices still increasing even as sales fall 50 percent

Only 3,459 condos sold across the Toronto region in the second quarter of 2020, a 50 percent decline from the same three-month period a year prior. Despite this historic decline in sales activity, the condo resale market still managed a 5.1 percent price increase during the same period, bumping the average condo selling price across […]

Will Bill 197 make condos more expensive for Ontario home buyers?

Ontarians may still be wary of going back to the office, but the provincial legislature has had a very busy July. After passing the controversial Bill 184 on July 6, and the far less contentious Bill 159 eight days later, the Ontario government passed yet another bill last week that should be of interest to […]

New legislation allows for eviction orders without Landlord and Tenant Board hearing

  Province says changes meant to encourage negotiated settlements between landlords and tenants Newly passed changes to landlord/tenant law will permit ex parte eviction orders, allowing landlords to obtain an eviction order without appearing before the Landlord and Tenant Board. With Bill 184, the Protecting Tenants and Strengthening Community Housing Act, when a tenant is […]

Central Toronto neighbourhoods see home prices jump 26% in 2020’s first half

Despite the unprecedented turbulence real estate markets have experienced over these last few months, prices for single-family homes in some of Toronto’s most sought-after communities have shown few signs of wavering. A new market report released by RE/MAX Ontario-Atlantic Canada today found that central Toronto neighbourhoods delivered strong average home price gains through the first […]

Toronto Luxury Home Prices Up 11.9% in June From 2019: Report

As the COVID-19 curve continues to flatten across the country and more Canadians are returning to the housing market, a new report from Engel & Völkers reports a notable spike in demand for luxury real estate. The Canadian Luxury Real Estate brand released its Mid-Year 2020 Report on Wednesday, which says demand for luxury properties […]

Furnished apartments flood Toronto rental market as Airbnb regulations tighten

Furnished condo rental listings offered for standard 12-month leases in the Toronto region increased 52 percent in the second quarter of 2020 compared to the same time last year, according to new data released this week by Urbanation. There were 1,877 furnished units being offered across the GTA from April to June, making up 12 […]

Toronto home prices rise nearly 12% in June, sales storm back

Toronto homebuyers appeared unfazed by the tumultuous spring and returned to the market in droves in June. There were 8,701 home sales in the Toronto region last month, according to data released today by the Toronto Regional Real Estate Board (TRREB). That’s up 89 percent from May’s total and down only 1.4 percent over June […]

MLS Housing Market Charts Archive

2021 May April March February January 2020 September August July June May April March February January   2019 December November October September August July June May April March February January  2018 December November October September August July June May April March February January 2017 December November October September August July June May April March February […]

A 10-Point Checklist All First-Time Homebuyers Should Follow

You’ve checked listings, scouted your favorite neighborhoods, compared market prices and even picked the perfect shade of blue for your future kitchen. It’s safe to say you’re ready to become a homeowner. While purchasing your first home is one of the most exciting experiences you’ll ever have, it can also be extremely daunting, especially if […]

Five cranes rise above Mirvish Village as construction hits grade

The site of Toronto’s famous Honest Ed’s department store is once again buzzing with activity. The beloved retailer closed its doors in 2017 to make way for Mirvish Village, a brand new purpose-built rental community by Westbank. Demolition of the building, including many of its iconic signs and marquee lights, took place through 2017 and […]

Steep immigration decline threatens Toronto property investors: Capital Economics

Toronto’s rental market saw average prices drop eight percent for two-bedrooms and four percent for one-bedrooms in April over March, according to data released earlier this month by Rentals.ca. While a single month doesn’t make a trend, market dynamics are not moving in a direction that favours property investors accustomed to strong monthly rent increases. […]

How Much Home Prices and Sales Dropped Across 20 Canadian Markets Due to COVID-19

Canada’s real estate market slowed down considerably since COVID-19 measures were introduced across the country in March. With public health and safety top of mind, a number of real estate associations (like the Ontario Real Estate Association and BC Real Estate Association), put forth guidelines for realtors to prioritize virtual communications over any in-person meetings. […]

Toronto Home Sales Have Dropped Off a Cliff, But Don’t Expect Prices Too

As the coronavirus pandemic continues and social distancing measures remain in place, recent sales data shows Toronto’s typically steadfast housing market continues to see a decline in activity, while home prices remain steady. The most recent data from the Toronto Regional Real Estate Board (TRREB) shows home sales declined by 69% in early April compared […]

Toronto market might find post-coronavirus recovery easier – RE/MAX

Toronto remains likely to see elevated housing demand and prices this summer despite the COVID-19 market pause, RE/MAX predicted. Data from the Toronto Regional Real Estate Board indicated that the GTA suffered a 69% annual decline in home sales in the first 17 days of April. This also accompanied a 1.5% drop in the market’s […]

Demolition well underway at One Crosstown Condos in East Toronto

Located on the former Celestica Campus in East Toronto, One Crosstown Condos is the first residential phase of Aspen Ridge Homes’ 60-acre redevelopment project. The master-planned community will consist of 16 residential buildings, 13 blocks of townhomes, over five acres of new parks, a 100,000-square-foot community centre, and 700,000 square feet of office, retail, restaurants […]

1,805 Cresford purchasers in limbo as receivership process wears on

It’s been weeks since thousands of purchase agreements were left in the lurch as three major Toronto projects developed by Cresford entered into receivership. In late March, PricewaterhouseCoopers (PwC) was appointed as the receiver and manager of assets for three of the luxury developer’s downtown projects: The Clover on Yonge, Halo Residences and 33 Yorkville. […]