Canada’s economy saw some slight growth in April as real GDP gained 0.1%, the third month of growth following a decline in January. Statistics Canada reports that 12 of 20 industrial sectors gained, driven by a 0.2% rise for goods producing industries despite a decline for construction. Services industries were broadly unchanged but real estate […]
The latest Senior Loan Officer Survey from the Bank of Canada shows how lending conditions have changed in the second quarter of 2018. The new mortgage rules introduced at the start of the year continue to impact mortgage approval rates for low-ratio mortgages while the changes to regulations introduced at the end of 2016 are […]
The Bank of Canada will meet to decide on its latest move on interest rates next week and many are expecting an increase. But once July’s hike is done, things become less clear as the economy is showing some mixed signals. Two economists from Canada’s big banks have given their assessment of the likelihood of […]
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, […]
Sales of newly-built condos in the Greater Toronto Area totalled 2,003 in May, accounting for the bulk of the 2,345 total new home sales. While condo sales were 47% below May 2017’s record high, they were just 1% behind the 10-year average for May. “May new condominium apartment sales were very encouraging,” noted Patricia Arsenault, […]
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 […]
Nearly half of new residential developments in downtown Toronto could be made up of two- and three-bedroom units, a new plan for the core just approved by city council outlines. The city’s sweeping TOcore plan for downtown growth considers many aspects of living, working and being in Toronto’s core, including expanding and improving parks; fostering […]
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 […]
Amended regulations will set $60K a year investment cap on some of the risky investments Margaret Wong, left, and Alexander Wong each invested more than a $100,000 in syndicated mortgages. They’ve never seen a penny of the money they were counting on for retirement. (Chris Dunseith/CBC) Investors who have likely lost tens of thousands in syndicated mortgages […]
The Canadian economy, which contracted to start the year, bounced back in February, led by gains in the mining and oil and gas extraction sector. Statistics Canada said Tuesday real gross domestic product grew 0.4 per cent in February after a slight pullback of 0.1 per cent in January. The mining and oil and gas […]
The dream of owning a home is still very much alive among Canadian millennials, but when it comes to saving for it they are lagging. A new poll of 18-37 year-olds by CIBC has found that 46% intend to buy a home in the next five years but 76% have yet to start saving or […]
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. […]
The rush to become a tech hub raises questions about Toronto’s independence and just who will control the city’s valuable Port Lands. Sidewalk Toronto is a joint effort by Waterfront Toronto and Alphabet’s Sidewalk Labs to create a new kind of mixed-use, complete community on Toronto’s Eastern Waterfront, beginning with the creation of Quayside, a […]
TORONTO, Feb. 12, 2018 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group”) (TSX:AIF), a leading provider of commercial real estate services, software and data solutions, today released the latest numbers on new condominium apartment sales in key markets across Canada for 2017. The data provides insight into new condominium apartment sales, inventory and pricing in […]
Why are central Toronto condo prices rising so fast? It’s a complicated issue but here is a summary of reasons: Rising immigration year to year. Currently the federal government is raising its targets by 3-6% per year; 310,000 (2018), 330,000 (2019), 340,000 (2020). In the previous decade the average was 260,000. 35% of these new […]
Altus Group data reveals 2017 was another record year for new condominium apartment sales in the GTA and seventh consecutive record year for investment property transaction value TORONTO, Jan. 26, 2018 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group”) (TSX:AIF), a leading provider of commercial real estate services, software and data solutions, today released results […]
New CMHC core need data again shows the need for a portable housing benefit http://www.aztechrealty.com/documents/CMHC%20Core%20Need%20-%202017%2011.pdf In the News … One in Four Canadians Who Rent Have Core Housing Needs (So, why is this ‘good’ for landlords?) Amid the continuing onslaught by all levels of government to win votes from tenants in their bids to stay […]
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
HomeLeaderRealty.com
ListOfCondo.com
LocateCondo.com
Privacy Policy
