"[...] 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.
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"[...]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.”
Sales in Vancouver's high-end housing market rose year-over-year by 56% and 73% in January and February according to a new report from Sotheby’s International Realty Canada.
Sotheby’s International Realty Canada report noted that sales in the GTA’s luxury residential sector surged by 157% year-over-year through the first two months of this year.
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With spring being the busiest time for homebuyers, that means they are more likely to waive their right to a home inspection, something that doesn't come without its risks.
The GTA’s housing market had a sales-to-new-listings ratio of 64.1% in Q4-2020, leading the agency to conclude that there’s little evidence of overheating in the region’s housing market.
Canada’s housing market has become feverish because demand has vastly outpaced inventory and property values have grown beyond historical norms.
This boutique condominium going in Toronto's Annex neighbourhood is going to attract all kinds of investors. The building will have nine stories and 155 units.
Total investment in Ottawa’s commercial real estate market decreased by 36% on an annual basis in 2020 according to Altus Group.
Imagine a first-time buyer who has been working hard to save a down payment for years and finally becomes a homeowner. This tax would change the rules on them midway.
A shortage of trades would set our industry back and have disastrous effects on our economy. Our province is in desperate need of housing and we must keep building it.
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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