CentreCourt sold out 8 Wellesley, a 55-storey, 599-unit tower slated for occupancy in 2025; a record for the GTA. This is a sign that Torontonians and investors alike believe we'll get past COVID.
A decrease in vehicle ownership and increases in driving alternatives like ride-sharing and public transit has resulted in reduced need for parking spaces by residents who buy units in new developments.
Parental assistance with living-inheritances is the No. 1 factor pushing up the prices in Canada’s largest urban markets. The gift of a down payment from boomer parents enables them to enter markets.
House of Assembly is a master-planned development by developer Marlin Spring on Sterling Rd. in the Junction Triangle. Tentative occupancy is slated for January 2024.
ustin Thouin, LowestRates.ca’s CEO, offers advice for cottage owners and what they can do to lower their cottage insurance premiums and explains why they're so high in the first place.
The way employees interact with office spaces and other employers will be very different in the aftermath of the COVID-19 pandemic. Here's what this expert says is in store.
If the bank regulator has its way, this rate will increase to 5.25%, which will, on average, reduce the maximum qualifying amount for a mortgage by approximately 5%.
Listings declined by 12% from Q4-2020 and brought the ratio of quarterly condo leases-to-listings to 61%—the highest since the COVID-19 pandemic struck in March of last year.
The government is introducing a 1% tax on non-residents that’s believed will generate $700 million in revenue through four years beginning in 2022-23, but will it really make a difference?
Chrystia Freeland's first budget is as promised. In more than two years, the first federal budget extends Ottawa’s COVID-19 “lifeline” for workers and struggling businesses another few months.
This new platform helps first-time homebuyers connect with local realtors who can help them navigate the market. It will be a great platform to help realtors find quality leads.
Mortgage broker Daniel Johanis says affordability on mortgages originated with the Big Five will decline as the OSFI implements another stress test that will take effect as of June 1.
The HOMEWISE poll showed that only 49.1% of the 750 respondents aged 25 to 44 sought out better rates while 37.9% remained with their bank and 13.1% said they would go to one of Canada the Big Five.
“You order material and suppliers will say two weeks, but then six, eight, 10 or 12 weeks go by, and this is what we’re seeing in most of our projects,” said Patrice Groleau, owner of McGill Real Estate.
“The average cost of a one-bedroom unit in Toronto was $1,866 a month last November,” said a report from LowestRates.ca. "“This represents a 19% year-over-year decrease."
"“I have noticed more supply coming out on the market in the last week and a half or two weeks, so spring supply is here," said Toronto-based Alex Balikoti, SVP of sales with Balikoti Real Estate Group.
Demolitions are expensive, but it’s entirely possible to salvage a building’s structure and gut the interior. Plus, converting hotels into condos isn't entirely difficult and it's been done many times before.
OSFI considers setting a minimum qualifying rate of 5.25% for uninsured mortgages
Diana Hoang, an industrial specialist, recommends that landlords seek out vacant warehouse distribution buildings that they could fill with tenants during the rezoning process for conversion.
According to Royal LePage, Toronto and Montreal saw double-digit growth last quarter. They expect the condo market to follow suit come the fall once immigration and schools open up again.
See how Vancouver, Edmonton, Winnipeg and Calgary's real estate market faired last quarter. Royal LePage's report also details house price increase expectancies for Q4-2021.
Statistics Canada released the March 2021 Labour Force Survey showing much stronger-than-expected job growth for the second month in a row, pointing towards a Q1 growth rate of more than 5.5%.
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