Toronto Real Estate & Lifestyle Blog

Original article via Globe and Mail. Click here to read. James Gurney thinks investing in real estate is a great way to build your nest egg, whether you’re 30 or 60, as long as you consider this advice: If you’re buying property, act your age. “I’ve......

Original article via Toronto Sun. Click here to read. Last year was an interesting one for the Canadian new and resale housing markets. The introduction of the mandated mortgage stress test set out by theOffice of the Superintendent of Financial Institutions (OSFI) had a significant effect,......

Original article via Globe and Mail. Click here to read. Toronto real estate is super expensive, which is why there’s so much political support for first-time buyers… right? What if we told you  first-time buyers might be a large part of why prices are so high? Altus......

Original article via Toronto Storeys. Click here to read. While there’s little question that Toronto is facing a housing affordability crisis, many of us are still left wondering who’s to blame? Who is at fault for sky-high home prices, ever-shrinking condo units, high rents, low vacancies,......

Original article via Toronto Storeys. Click here to read. With bid details hidden under a cloak, buyers can be misled into inflating offers in an effort to beat out competitors. This, of course, results in a bidding war and ultimately higher priced markets. According to the......

Original article via CTV. Click here to read. The Trudeau government is looking for ways to make home-buying more affordable for millennials, Finance Minister Bill Morneau said Tuesday as he held pre-budget public events in the Toronto suburbs. Morneau made the comment after giving a speech......

Original article via CBC News. Click here to read. Homebuyers should watch what they say during home viewings, according to an Ontario real estate agent who says two of her clients recently used cameras and microphones to eavesdrop on potential buyers. Juliana Webster says the rules should......

Original article via Daily Hive. Click here to read. Condo prices in Toronto jumped 10.1% year-over-year to $569,812 in the fourth quarter of 2018, along with the rate of appreciation for most other types of homes throughout the Greater Toronto Area (GTA). The increase is slightly above the rise......

Original article via BlogTO. Click here to read. Renting in Toronto has never been a walk in the park, but some listings tend to remind us just how dire the housing situation in the city really is. Point and case: this beyond miniscule condo unit by......

Original article via Globe and Mail. Click here to read. It’ll be hard to top the anticipation borrowers felt going into last year, a year that gave us one of the biggest mortgage rule changes of all time – the new “stress test” – and a......

Original article via CTV News. Click here to read. Amazon says it plans to create 600 new tech jobs in Toronto. The online retail behemoth says the jobs will be in fields including software development, machine learning and cloud computing. The announcement comes as Amazon is set......

Original article via Spacing Toronto. Click here to read. Few topics have pre-occupied Toronto’s budget watchers more over the past decade than the city’s land transfer tax (LTT). People love it or hate it. For its advocates, the LTT was the revenue stabilizer the city needed......

Happy Friday all! For those of you who don’t subscribe to my newsletter (man are you missing out!), I shared a recap of 2018 in this week’s edition. You can scroll down to the bottom of this post to sign up and receive weekly musings,......

Original article via The Daily Hive. Click here to read. When the temperature drops, it means it’s officially time to go ice-skating. And for those who find skating rinks too crowded, they might want to consider paying one of the many outdoor skating trails and paths......

Original article via CTV. Click here to read. An Alberta real estate agent is resorting to the prehistoric past with the use of a dinosaur to draw attention to a house that has been languishing on the market for months. With the Edmonton area’s housing market......

Original article via The Star. Click here to read. Canadian realtors are predicting modest gains in the Toronto area re-sale housing market in 2019 — a return to a pre-bubble balance that will see home prices climbing in the low single digits. Royal LePage is expecting......

Original article via Urban Toronto. Click here to read. As we recently, earlier this year and last year, according to the NEPTIS Research Foundation, the area around around Toronto Pearson International Airport is the second largest employment zone in Canada after Downtown Toronto. More than 300,000......

Original article via The Star. Click here to read. Toronto area home prices rose last month, up 3.5 per cent on average from a year ago to $788,345, including houses and condos. But sales and listings were down dramatically, ramping up competition among buyers in some......

Original article via Globe and Mail. Click here to read. A wealthy Toronto developer with close ties to Beijing’s ruling Communist Party has become a donor to federal, provincial and municipal politicians – raising concerns among security experts about the influence he may be wielding in......

Original article via Construct Connect. Click here to read. The Alphabet Inc.-backed company is proposing the Quayside community be centred around a dozen timber buildings, each a mix of commercial, retail and residential spaces. Sidewalk Labs hopes about 40 per cent of residential space will be......

Original article via BNN Bloomberg. Click here to read. Canada’s home builders are urging the federal government to loosen mortgage-lending restrictions that have helped cool housing markets this year. Executives at Mattamy Homes Ltd., North America’s largest closely held home builder, said the rules have brought......

Original article via Globe and Mail. Click here to read. Alphabet Inc.’s digital city on Toronto’s waterfront will be made out of wood, heated by geothermal wells and offer a swathe of affordable housing as it seeks to win over a skeptical public concerned about privacy......

Original article via Toronto Star. Click here to read. Toronto’s booming real estate market is vulnerable to money laundering because real estate agents aren’t notifying authorities of suspicious property transactions, leading the national anti-money laundering agency, FINTRAC, to step up its audits of the industry. Real......

Original article via Globe and Mail. Click here to read. The Bank of Canada is releasing data today that provides a closer look at just how much stricter mortgage rules and higher interest rates have helped slow the growth of new highly indebted households. The central bank is on a clear......

Original article via Globe and Mail. Click here to read. There are more millionaires than ever in Canada and while affordability isn’t an issue when the well-heeled shop in the luxury-condominium market, they may face a constraint that also plagues middle-income and lower-income house hunters: There’s......

Original article via The Tyee. Click here to read. n 2016, about 712,000 households in Toronto were spending more than 30 per cent of their income on housing. Today, 96,828 people are on the waitlist for subsidized housing administered by the city. Homeless shelters are full or almost full every night, and......

Original article via Toronto Storeys. Click here to read. The GTA condo market is booming and it’s all because of affordability. According to a new report from RE/MAX, multi-unit housing sales account for more than a third of property sales in the GTA this year alone. Multi-unit housing......

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