Prime prices across 46 cities increased at an average rate of 8.2% in the year to June 2021, up from 4.6% in March. What’s happened? Until now, the pandemic-fuelled house prime boom was most evident in the mainstream market but the prime sector has now surged ahead. The mainstream market now lags behind with prices […]
Recent documents submitted to the City of Toronto have revealed the latest plans for East Harbour, a massive development on the site of the former Unilever Soap Factory where the Don River meets Lake Shore Boulevard. The most striking change from previous versions is the addition of nine residential towers to the mix, which would […]
Condos in the Greater Toronto Area appreciated by 44% between their April 2017 peak and June 2021, says realty brokerage Properly. Interestingly, condos in the GTA struggled through most of 2020, save for before the COVID-19 pandemic and the very end of the year, but they nevertheless managed to subsequently surge in value again. “This […]
A survey of Ontarians revealed that three-quarters of respondents aged 18-34 don’t believe they will be able to afford a home in their city or town. “Having worked in this industry for 35 years now, I have seen one group [among the aforementioned cohort] able to get into the market, and that’s thanks to assistance […]
To say COVID-19 has been bad for small businesses would be an understatement, but mixed-use properties that will invariably hit the market because of the economically calamitous nature of the pandemic could help boost housing supply. “There’s a hidden gem: mixed-use commercial properties in downtown Hamilton that might be able to be converted into residential […]
Sales in the Greater Toronto Area moderated for a second straight month in May, indicating that a semblance of normalcy is beginning to return to the housing market. However, it could be short-lived. There were 11,951 sales in the GTA last month, according to the latest data from the Toronto Regional Real Estate Board (TRREB), […]
Benjamin Tal — CIBC’s Deputy Chief Economist — is seemingly everywhere. And earlier today, he was delivering an annual economic update at an online event hosted by Brattys LLP (our condo lawyers) in partnership with CIBC. Below are a handful of slides that I found interesting and that I tweeted out during the event. […]
The April numbers for the Greater Toronto Area are out, and while they show a stark contrast from last year’s activity – during what was the depths of the first lockdown – sales and price growth are up strongly from pre-pandemic levels as well. The Toronto Regional Real Estate Board (TRREB) reports 13,665 sales occurred […]
After months of lagging sales, Toronto’s downtown condo market bounced back in Q1-2021, after nearly 3,000 condo units sold, thanks to low borrowing costs, renewed optimism in the market, and rising suburban home prices, according to Urbanation’s Q1-2021 Condominium Market Survey. Released Monday, the survey said 2,886 new condominium units sold in the former City […]
Urbanation released its Q1-2021 quarterly condo market update for the Greater Toronto Area at the end of last month. And there’s some good stuff in it. New condo sales totaled 5,385 units in the first quarter of this year, which is higher than the 10-year average of 4,924 units and only slightly below sales from […]
If there is a housing bubble in Canada, it’s probably not where you think. In the wake of the COVID-19 pandemic, Torontonians fled the dense urban core for arcadia and scooped up cottages in droves with the intention of living in them year-round. However, according to Bradley Watson, a broker with Sutton Group – Summit […]
While Toronto’s low-rise housing segment has been performing on all cylinders amid the pandemic, the condo space has renewed strength following months of declines, with investors being an integral part of this. To put it simply, as the price of detached homes continues to skyrocket, condos are now being viewed as the more affordable option […]
Like many areas of Toronto dominated by vast stretches of low-rise retail and industrial properties, Scarborough’s Golden Mile area is on the doorstep of transformation, with multi-tower communities proposed across various large sites along the Crosstown LRT, set to begin operating in 2022. Evolved from a 2016 proposal to redevelop the Golden Mile Shopping Centre […]
TORONTO — Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday. Sales in the area reached a record 15,652 last month, […]
With the real estate market experiencing surging prices, scant inventories, and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down — in other words, are we headed for another housing market crash? Let’s take a closer look. Memories of the Great Recession Are Still Fresh Few […]
Despite rent prices plummeting in the city during the pandemic, new competition for value in Toronto’s rental market is driving prices up for certain listings. Strata real estate agent Francisco Hiebert told Narcity “strong competition for desirable units” has caused bidding wars among tenants who are “waiting out the current buying frenzy” by renting. “Tenants […]
An argument can be made that Toronto’s downtown east is the most connected part of the entire megacity, and it stands to reason that owning a piece of real estate there will yield above-average returns. As it turns out, Bauhaus Condos is located within a juncture that, in addition to slick connectivity to the Don […]
Congratulations to everyone living along the downtown portion of Toronto’s waterfront, all 65,000 of you who, for decades, have been clumped together on the city’s official map of neighbourhoods as one ill-defined, enormous blob called “Waterfront Communities — The Island.” Big ups also to Liberty Village, Fort York, West Queen West, and all of […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
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