Across downtown Toronto and beyond, there are remnants of history all throughout. Whether it’s a warehouse converted into lofts, or an old building torn down and replaced, the old makes way for the new one way or another. Some historic buildings see the wrecking ball, and others are preserved in a new design. Here are […]
It was a great, though not quite record-breaking year for the GTA new condo market. There were 25,097 new condo units sold across the region in 2019, the third highest annual total on record, according to data released this week by housing data consultants Urbanation. This total represents growth of 27 percent over the previous […]
The Toronto region housing market is getting tighter as homebuyer demand ramps up and supply continues to slip. These conditions, which emerged last year following a months-long slump, have kept up into the new year and are now pushing prices up at the fastest rate in over two years. The recently rebranded Toronto Region Real […]
Fewer homes were sold in January compared to December as prices climbed higher and new supply remained tight, according to a new survey. National home sales fell by 2.9 per cent in January, month-on-month, with the steepest decline of 18 per cent seen British Columbia’s Vancouver area — Canada’s most expensive housing market, according to […]
The number of people boarding GO trains and buses in Kitchener has jumped 40 per cent between April and December of 2019, a new report from Metrolinx says. In a blog post, Metrolinx says there has been record-breaking ridership numbers for GO Transit. A full report is expected to be presented at the Metrolinx board […]
The lion’s share of Canadian population growth last year was just in three markets: Toronto, Montreal, and Vancouver. Recent data from Statistics Canada showed that the total urban population increase nationwide was 463,424. Toronto had the largest urban increase with 127,575 new residents in 2019. This pushed the city’s total population up to 6,471,850. On […]
OTTAWA – The Canadian Real Estate Association says home sales rose 11.5 per cent in January compared with a year earlier to reach the highest sales figures for the month in 12 years, even as new listings remain constrained. The association says seasonally-adjusted sales fell 2.9 per cent in January from a month earlier, dragged […]
Higher rent growth in primary rental market Rent growth, GTA Above Average Rent Growth in KCW, Ottawa, Windsor & Northern Ontario Common Sample 2-bed apt rent – % chg. Turnover rates lower in most markets Turnover rate (%) Vacant unit rents are on average 25% higher Toronto CMA average rents ($) Rental supply is increasing […]
TORONTO, Sept. 13, 2019 /CNW/ – Cadillac Fairview and First Gulf are pleased to announce that Cadillac Fairview has entered into an unconditional purchase agreement with First Gulf and its partners to acquire 100 per cent ownership of Toronto’s East Harbour project, a 38-acre site three kilometers from the city’s downtown core, with the objective […]
The Greater Toronto condo market saw a small spike in buying activity last month. Toronto Real Estate Board (TREB) data shows condo apartment sales increased in December. The rise in sales was accompanied by very few new listings, helping to send prices to a new all-time high. Greater Toronto Condo Prices Rise Over 9% Toronto […]
Not a lot of real estate buyers across Canada are interested in the latest government buying scheme. Government of Canada (GoC) data shows the First-Time Home Buyer Incentive (FTHBI) received a cold reception. From the launch of the program, to the beginning of December, only two provinces represented the majority of applications. Those two provinces, […]
The average sale price for real estate in Mississauga exceeded prices in much of Toronto in the final month of 2019. The Toronto Real Estate Board (TREB) released its December monthly market tracking report on Jan. 6 with Mississauga registering an average sale price of $799,593 for all types of dwellings compared to $785,494 in […]
Canada’s employment increased by 46,200 in December compared to the previous month. ADP Canada National Employment Report shows that construction added the most jobs last month at 11,300, while others in the goods producing sectors lost jobs: manufacturing declined by 1,400 and natural resources and mining by 2,500. Services providing sectors were generally higher including […]
Six new rental housing buildings will be built in Toronto to boost the availability of affordable rental housing. The federal government and City of Toronto will provide 916 new units in the project which will be developed by Westbank Corp. and Peterson Group. The project is receiving $200 million in financing through CMHC’s Rental Construction […]
There were 5,367 condominium apartment sales in the Greater Toronto Area in the fourth quarter of 2019. The total reported by the Toronto Real Estate Board represents a 3.8% increase year-over-year while new listings were down 11.9% over the same period. “The condominium apartment market segment continued to perform well in 2019, with strong growth […]
Oxford Properties Group and Alberta Investment Management Corporation (AIMCo) have announced what is being called the largest mixed-use development in Canadian history, the 18-million-square-foot Square One District to be built on 130 acres around Mississauga’s Square One Shopping Centre. Plans unveiled Jan. 21 call for 18,000 residential units, a transit mobility hub connected to the […]
We’re building a lot of housing, so we must be building enough housing. True? We’re in a building boom and prices are still going up, so supply must not be the answer. True? We’re building more housing than we ever have in the Toronto CMA. True? Chances are you’re never going to change your mind […]
Year over year unit sales have again surpassed last year’s numbers in Ontario for the 9th consecutive month. Driven by buyer’s confidence and short supply, Ontario was showing strong price gains to finish out 2019. We areexpecting this confidence to continue into 2020. Ontario’s new listing again came in lower in December dropping 14% from […]
Plans to redevelop an LCBO location at King and Spadina in Downtown Toronto resurfaced last year, with renderings appearing for a 42-storey Great Gulf and Terracap-developed project known as Four Eleven King Condominiums, and designed by KPMB Architects and Quadrangle. In the months since this new plan appeared, planning for the project has progressed, most […]
a report from the TTC reveals staff have requested an additional $4.56 billion in funding for new capital investments, including the Bloor-Yonge expansion and new streetcars, subway cars, and buses. The TTC’s 2020-2029 Key Capital Investment Priorities report, which was released Wednesday, also recommends the TTC should put this money toward repairing and upgrading transit […]
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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