During heavy rain, the sewers can become overloaded. It is essential that homeowners take appropriate action to reduce the risk of basement flooding. The City offers owners of single-family, duplex and triplex residential homes a subsidy of up to $3,400 per property to install flood protection devices. Eligible work includes: Installation of a backwater valve. […]
New single-family homes sold by developers across the Toronto region in June beat new condo units sold during the same period by a wide margin. Last month’s data, published today by the Building Industry and Land Development Association (BILD), signals that the market for new detached and semi-detached homes and townhouses is recovering faster than […]
Following two months of “historically slow” sales as a direct result of the COVID-19 pandemic, new home sales are starting to surge again in the Greater Toronto Area (GTA). In fact, during the month of June, sales of new single-family homes – which includes detached, linked, and semi-detached houses and townhouses (excluding stacked townhouses) – […]
Average rent prices for condos and apartments in Toronto have been consistently declining thanks to the effects of the COVID-19 pandemic, and a new report suggests that trend is ongoing in many of the city’s neighbourhoods. According to the Toronto GTA July Rent Report 2020 from TorontoRentals.com and Bullpen Research & Consulting, the average rent […]
Preferences around home buying have continued to shift through the course of the pandemic, particularly among those who aren’t even on the property ladder yet. A quarter of Ontario renters who are currently active in the real estate market are now more interested in buying a home than they were before the pandemic, according to […]
A surprisingly strong showing from the Canadian housing market in June is leading economists to swiftly revise their forecasts as homebuyers returned to the market in larger than anticipated numbers. June market data published last week by the Canadian Real Estate Association (CREA) showed country-wide home sales up 63 percent over May and more than […]
York University has officially received the green light from the provincial government to move forward with its long-awaited Markham Centre Campus (MCC). Construction for the campus, which will focus on courses geared toward themes of technology and entrepreneurship, will commence July 2020 and will be completed in time for the fall semester 2023. The campus […]
Detached homes around Regent Park and Scarborough’s Birchcliff saw the biggest price gains in Toronto’s pricey real estate market, according to RE/MAX Regent Park and Scarborough’s Birchcliff are some of the neigbourhoods where Toronto house prices saw the biggest gains in 2020, according to the RE/MAX 2020 Hot Pocket Communities report. The report compares the […]
Throughout the COVID-19 pandemic, homeowners have had a lot of time to reassess what they need in a home. For some, this has meant considering a new property outside of the city, somewhere that might offer more space for fewer dollars. While there’s been much discussion within the real estate industry about homebuyers wanting to […]
When it comes to competition in the market, Toronto’s renters are finally getting some relief as the city’s vacancy rate within purpose-built apartments increased to 1.8 percent in the second quarter of 2020, the highest level in over five years. Real estate research firm Urbanation began tracking the vacancy rate at the beginning of 2015. […]
The pandemic has forced most of us to learn to live with a good dose of uncertainty when it comes to our ability to make even short-term plans. But despite being faced with unprecedented challenges brought on by COVID-19, Canada’s central bank still has to confidently make strategic policy choices with an eye to the […]
Preferences around home buying have continued to shift through the course of the pandemic, particularly among those who aren’t even on the property ladder yet. A quarter of Ontario renters who are currently active in the real estate market are now more interested in buying a home than they were before the pandemic, according to […]
Canada’s housing market came roaring back in June, with country-wide home sales tracked by the Canadian Real Estate Association (CREA) returning to normal levels for the month. Toronto, Montreal and Vancouver led the way in sales gains for June, with transactions rising 83.8 percent, 75.1 percent and 60.3 percent, respectively, over May totals. And, according […]
A surprisingly strong showing from the Canadian housing market in June is leading economists to swiftly revise their forecasts as homebuyers returned to the market in larger than anticipated numbers. June market data published last week by the Canadian Real Estate Association (CREA) showed country-wide home sales up 63 percent over May and more than […]
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 […]
The latest monthly statistics released by the Canadian Real Estate Association (CREA) for June highlighted that home sales and new listings rebounded to normal levels across Canada last month, following a period of historic lows this April and May due to the pandemic. Almost 1 million jobs were added back to the Canadian economy in […]
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 […]
Aggregate price of a home increased 9.1 per cent to $592,059 in the second quarter of 2020, survey finds Hamilton home prices are up nearly 10 per cent despite the COVID-19 pandemic, a new survey by Royal LePage has found. According to the Royal LePage House Price Survey released Thursday, the aggregate price of a […]
Buying a house can be overwhelming, especially in Canada’s largest city. But, depending on the area, it can actually be pretty attainable. If you’re looking for affordable housing in Toronto, the top five neighbourhoods with the cheapest average price in 2019 are the east-end areas of Rouge, Malvern, Bendale, Woburn, and Morningside, according to Moneysense. […]
Canadian cities are starting fewer new home building projects during the pandemic. Canada Mortgage and Housing Corporation (CMHC) data shows urban housing starts fell in Q2 2020. Despite a general slowdown, Toronto continued to push to a multi-year high for new projects started. Canadian Urban Housing Starts Fall Canada’s urban housing starts fell, as housing […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
416-599-9599 ext:150 Cell : (647) 699-5900
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