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Benchmark price of Canadian home up $120,000 in March

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.

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Real estate investing democratized

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.

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These urban rental units can boost property values

"[...]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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Blog

Toronto suburb sets sales record

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.

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‘Boxy’ condos optimize space for end users, investors

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.

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Here’s when GTA condo rents will increase

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.

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BMO reveals where first-time purchasers plan to buy

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.

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Don’t worry if interest rates rise sooner than expected

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.

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GTA exodus makes its way to Barrie

65% of buying activity in the city is coming from people leaving the GTA says Barrie-based Jeremy Brooks of Engels & Völkers. That’s also had a profound effect on the price of single-family detached houses.

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Toronto needs more family-focused condos

Multigenerational living may become more common in Toronto in the coming years. Unlike typical condominium developments in the city, this condo development is emphasizing the need for family-sized units.

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Low transit use imperilling critical infrastructure projects

The pandemic has drastically changed the way transit is used in the GTA. Many who would usually commute to work are at home as their companies shifted to work-from-home models.

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Parking spaces should reflect demand

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.

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Toronto will bustle again one day soon, says developer

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.

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