"[...] 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.”
This 11-storey, 184-unit mid-rise condo is slated for development in the Kingston Rd. and Morningside Ave. area in Toronto.
The Toronto-based company offers a service that enables clients to create their own will and power of attorney documents online.
The Mississauga Food Bank has had a 60% increase in people using its services since the pandemic began a year ago compared to the previous 12 months.
"We’re finding a lot of couples are buying because they’re passing our site on their way to wineries and they say to themselves, ‘Oh my God, we can live here now.’"
According to the CREA data, new listings rose by 15.7% last month from January, and the sales-to-new-listings ratio is so high that everything available is selling.
Statistics Canada released the February 2021 Labour Force Survey showing much stronger-than-expected job growth. Economists were pleasantly surprised by the rapid rebound.
Joy Station Condos by Liberty Development is planning its first phase composed of two 22-storey towers containing over 500 units.
The word “bubble” has crept back into housing analysts’ vernacular lately, and looking at the 905 region, it’s not difficult to understand why.
"Everyone says low rates help people through lower payments. It’s beneficial for entrants when the mortgage rate is 1.5%, but prices rise incrementally to offset low rates."
Q4 growth came in at a surprisingly strong 9.6% annual rate—double the pace expected by the Bank.
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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