Canadian housing starts hit 273,664 in March, up from 252,636 a month earlier, but the enhanced activity still hasn’t been able to keep pace with voracious demand.
“On the periphery of Vancouver and Toronto, there are pockets of opportunity. When you look at commercial real estate broadly, retail is a victim of COVID and that’s still playing out.”
According to this chief business development officer in Burlington, off-market investments have less competition and allow for more time to inspect the property.
The Bank of Canada predicts GDP growth of 6.5% this year, up from its initial forecast of 4%, and while it will hold rates until the economy has recovered, that could happen a year ahead of schedule.
A survey by Pollara Strategic Insights revealed that first-time homebuyers preferred living in major city centres. 27% chose Toronto, 15% Vancouver, and 11% apiece for Montreal and Calgary.
There were 13,168 condo apartments rented last quarter, according to the Toronto Regional Real Estate Board (TRREB), compared to 7,251 during the first quarter of last year.
“Condo price trends are comparatively weaker [than single-family homes]—due to plentiful inventories in the downtown areas of Canada’s largest cities," said an RBC Economics report from Robert Hogue.
The Toronto Regional Real Estate Board is applauding Toronto City Council for listening to our concerns and not implementing an increase to the Municipal Land Transfer Tax.
With over half a billion dollars earmarked for its downtown, Hamilton is on the cusp of blossoming into a brand new city. Here's what's planned.
Rino Bortolin, councillor for Ward 3, which encompasses downtown Windsor, has been vocal about skyrocketing housing ownership and rental prices in the city’s core.
More than 20 public and private sector organizations are now on board with the ambitious initiative, known as One Ontario. The goal of the initiative is to achieve efficiency and transparency through the development approval process.
Toronto City Council is voting today on whether or not to raise the municipal land transfer tax. Experts weigh in on the matter.
COVID cases have been appearing on construction sites and causing further delays; something that can end up affecting consumers.
Condoville is currently working with a landowner to develop The Brewer Lofts in Sudbury, a five-storey, 50-unit mid-rise building that blends new and old.
In 2020, Canada only welcomed 184,000 new permanent residents, slightly over 50% of its 341,000 target.
Canada’s housing market set another monthly record in January, with countrywide sales rising by 35.2% on an annual basis.
Condo layout design is one of Condoville Realty Inc.'s specialties. A functional design is always better than a bigger design, especially when it comes to millennials looking for efficiency.
The total value of home sales nearly hit $1.5 billion last month - a 130.4% increase over March 2020, and the largest amount ever recorded for any month.
Sixty-three percent of investors in the GTA were cash flow neutral or positive last year, up from 56% in 2017. Investors who purchased presale condo units saw better cash flow than landlords who bought resale units.
In March, new listings set a record by reaching 1 million across Canada, a 7.5% increase from the month prior. Bidding wars were commonplace and inventories fell to their lowest in decades.
Learn more about how addy’s mission is to enable every human to become a homeowner by helping them invest in real estate at a price that works best for them, and dividing the investment into equal parts.
"[...]There’s a lot of push for the city and other government levels to move towards laneway housing to deal with the supply issue and I think that’s a great opportunity.”
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