"[...] 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.”
Spring is the real estate market’s busiest time of the year, and if the last 10 months are any indication, this season could be the busiest on record. Here are some ways to choose a reliable moving company.
The actions of Local 183 are very disturbing and selfish, given the negative impact on homebuyers and workers within the residential construction industry," executive director of the Interior Systems Contractors Association.
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"The pandemic shone a light on what essential real estate really is—which asset types perform well—and people have figured out multi-family is great[...]"
Many Canadians in Ontario, Quebec, British Columbia and Alberta are searching Arizona’s Valley of the Sun for investment opportunities.
Colin McAllister and Justin Ryan aren't the least bit surprised by the strong contingent of empty nesters “winterizing” cottages.
Let's focus on the three Ps of a mortgage contract: prepayment privileges, portability, and penalties.
"The retail sector had a surprisingly strong finish to the year, up 18% in total investment volume for 2020 compared to 2019," said senior analysts at Altus Group.
I Branched Out is a home décor shop on Parry Sound's main street that specializes in high-end, custom furniture using real Ontario wood.
"Ottawa used to be somewhat friendly to landlords, but I can’t say that anymore," said Tony Miller, a realtor, landlord and registered lobbyist at city hall.
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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