It’s east versus west when it comes to the upper echelons of Canadian real estate. A new report from brokerage Sotheby’s International Realty Canada highlights the chasm separating the luxury segments of housing markets on either end of the country. Price and sales performance of top-tier residential properties in Toronto and Montreal provide a stark […]
Amid sustained high levels of demand, condos continued to be the fastest appreciating residential property type in the Greater Toronto Area, according to the latest Royal LePage House Price Survey. The region’s condo units enjoyed a 7.2% year-over-year increase during the second quarter of the year to reach $542,203. In comparison, growth in the other […]
It appears even developers of pricier, larger condos are conserving space by removing their ovens. A one-bedroom unit at 155 Yorkville Ave., a four-minute walk from the Royal Ontario Museum, boasts 610 square feet and is asking for $3,295 in rent in an ad on Realtor.ca. It includes a bedroom and bathtub, a swanky den […]
Toronto condo prices continue to level off amid tighter lending rules and a surge in new supply. The average price per square foot of a resale condo in Canada’s biggest city rose 3.3% to C$683 ($520) in the first quarter from the same period last year, the weakest gain since 2014, according to market-research firm […]
An annual ranking of the affordability of global cities for employees working abroad shows Canada has stayed stable. Mercer’s Cost of Living Survey finds that Canada’s major cities are relatively affordable while global peers have become more expensive for ex-pat workers. Vancouver remains the most expensive in Canada but slips three places from last year […]
If you ever find yourself wondering why there are so few little walk-up apartments in Toronto — of the kind that are absolutely commonplace all across Montreal — you can look to history. “In May 1912, the city declared a full-scale ban on apartment buildings in residential neighbourhoods,” writes Emma Abramowicz in an essay in […]
A plan to create a modern, high-tech city in Toronto will benefit from a C$1.3 billion (U$980 million) investment from Alphabet Inc. but the project has raised some questions from Waterfront Toronto. The parent of Google will invest in the project through its Sidewalk Labs subsidiary and aims to work with local partners to finance […]
Toronto condo prices might hit a ceiling soon. When Toronto’s market began correcting in 2017, it appeared someone forgot to tell the condo market. Sales and prices soldiered on upwards, while the low-rise market languished — but the soaring performance of the high-rise segment could be winding down, suggests realtor John Pasalis. Pasalis, whose research […]
The First-Time Home Buyer Incentive (the Incentive) helps qualified first-time homebuyers reduce their monthly mortgage carrying costs without adding to their financial burdens. You need to have the minimum down payment to be eligible. You can then apply for a 5% or 10% shared equity mortgage with the Government of Canada. Your maximum qualifying income […]
Picture-perfect skies served as the backdrop to this week’s special event and launch of the residential condominium component at The Well by Tridel. Situated on the northwest corner of Front Street West and Spadina Avenue, The Well is a master-planned community now under construction that will transform the former Globe & Mail site with a […]
Following last month’s explosion in search and purchase requests from Toronto condo buyers, GTA new home and condo sales are up 120 % from April of 2018. According to Altus, high-rise condo sales are up 137% from April 2018, as well as low-rise sales, up 81%. Considering, April’s increases in both purchase requests and sales, […]
Connectivity is expected to be a growing trend in the future. And, not just in your home, but also in your surroundings There’s been a lot of hype about the next-generation urban lifestyle in a fully integrated, tech-saturated world. It’s a life where phones and sensors manage everything from music and appliances, control sidewalk temperatures, […]
One of the Best Toronto neighborhood, here is why ; The Bloor-Yorkville node has experienced explosive residential intensification, with 33 condominium projects in various stages of development totaling more than 9,500 units. With an average sale price of $1,557 per sq. ft., these projects are set to infuse a distinctly refined consumer into the node […]
Condo living is supposed to be simple. So you can imagine the shock of some Mississauga condo owners when they moved into their units and discovered that something simple was missing: None of the units in the 35 storey building had been equipped with a bathroom. In his interview with This is That, developer Jordan […]
The new mortgage rules have redirected Toronto’s would-be low-rise home buyers to the condo market, driving up prices and, in the process, deterring condo investors from purchasing units renters desperately rely on. The B-20 mortgage rule stipulating stringent stress testing, even for insured mortgages, has drastically reduced purchasing power, and house hunters have reasoned affording […]
Busy lives and the changing trends in how we get around is driving greater demand for homes close to good transit links. In a new survey released Tuesday, 28% of ‘modern family’ homeowners in major Canadian metros said that transit-friendliness is one of their top 3 homebuying criteria. Sotheby’s International Realty Canada and Mustel Group’s […]
Church – Yonge Corridor Downtown Toronto 1st Quarter 2019 2018 Difference Sales 139 152 – 9% Average Original Listing Price $728,455 $570,989 + 28% Average Sold Price $737,963 $571,267 + 29% Days on Market 22 6 + 331% Downtown Toronto’s Church – Yonge Corridor condo market showed a very strong price increase in the 1st […]
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Mizrahi Developments to build a 160-room luxury Andaz hotel at the prestigious address of One Bloor Street West in Toronto, Ontario, Canada. Slated to open in 2022, the first Andaz hotel in Toronto will be the hotel […]
Mouth-watering baked on-premise pies, authentic hand-made Italian pasta, charcuterie boards, fresh fish, gourmet chips, sweet-whiskey pork ribs. All of this (with a dash of healthy options, if that’s your vibe) can be found in the heart of one of the GTA’s biggest cities, Mississauga. While Toronto has always had the most diverse food scene in […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
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