"[...] Demand has been so high because people have the expectation that there’s no need to return to Toronto when the pandemic is over."
According to an Urbanation report, preconstruction condo sales in the City of Toronto climbed to 2,886 in the first quarter of the year from 2,829 in Q1-2020.
A cooling market isn't necessarily a bad thing. Bradley Watson, a broker with Watson Estates in Toronto, told CREW that we need some breathing room. Here's why.
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.”
"“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.
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%.
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.
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.
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.
OSFI considers setting a minimum qualifying rate of 5.25% for uninsured mortgages
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.
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.
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.
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.
According to this chief business development officer in Burlington, off-market investments have less competition and allow for more time to inspect the property.
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.”
Many people can't secure that 20% down payment to start their homeownership journey. This may be why rentals are exceeding demand in Toronto.
This broker says there are more investment opportunities in Mississauga's semi-detached market because you can benefit from two incomes - renting the basement and the upstairs.
With Bitcoin becoming such a success and increasing in value, is it a smart move to use it to purchase real estate? Yes and no. Here are some things to keep in mind.
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