Toronto Real Estate & Lifestyle Blog

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......

Original article via Globe and Mail. Click here to read. Two Toronto-area startups are betting that a combination of technology, regulatory changes and consumer behaviour have created the conditions necessary to finally bring about a transformation of the country’s traditional real estate model. Regan McGee, chief......

Original article via Daily Hive. Click here to read. Few residential architectural designs are as exceptional as King Toronto at 533 King Street West, located in an emerging area of Toronto’s city centre. Construction is slated to begin soon on the expansive $700-million mixed-use project, which......

Original article via Globe and Mail. Click here to read. With an aesthetic that pushes convention, Origin Lofts isn’t afraid to be a little different. The new mid-rise condominium project by Nascent Developments and the Sher Corporation promises to fill a specific niche in the Markham......

Original article via Globe and Mail. Click here to read. On a site tour earlier this month of Toronto’s first substantial “tall timber” project, the developer, Jeff Hull of Hullmark Developments, good-naturedly encouraged visitors to hug the columns – should they feel so inclined. In fact,......

Original article via Globe and Mail. Click here to read. Cannabis is legal in Canada now, but that hasn’t stopped condominium boards across the GTA from continuing to try to ban residents from ever smoking up in the apartments they own or rent. Beginning in the......

Original article via Globe and Mail. Click here to read. “The city is creating gated communities, closed off to low-income people.” That’s Sarah Climenhaga, the progressive candidate for mayor, and those fiery words capture what could be the most important idea in this Toronto election: that......

Original article via Globe and Mail. Click here to read. There was a secret in the back lane: an old house, shingled and ramshackle but big enough to be home. It had been hiding out behind the proper Victorians on a downtown street for about a......

Original article via Global News. Click here to read. Nearly one in two Torontonians say transportation is their most important election issue, according to data from CBC Toronto’s Vote Compass. Just under 50 per cent of 7,155 Torontonians using the voter engagement tool said how they get......

Original article via The Star. Click here to read. A Toronto Re/Max brokerage owned by the former president of the Toronto Real Estate Board (TREB) has become the fourth Canadian company to sign a listing deal with Seattle-based online giant Zillow.com. Tim Syrianos of Re/Max Ultimate......

Original article via The Star. Click here to read. The Toronto area’s high-priced housing market is climbing again, with double-digit sales gains this summer expected to continue through the fall, according to two real estate company reports. Sotheby’s International Realty Canada says the fall luxury market......

Original article via Globe and Mail. Click here to read. Canada’s real estate market is expected to slow further, with rising interest rates and more stringent mortgage rules set to cool home sales and price rises, a Reuters poll of property market analysts showed on Monday.......

Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB’s MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017. Both the average......

Original article via Globe and Mail. Click here to read. In the wake of a landmark court decision, traditional real estate brokerages are playing catch-up with online startups that have been developing tools to display detailed house-price data for years. Online real estate brokerages and new......

Original article via RenX. Click here to read. RioCan REIT (REI-UN-T) completed 119,000 square feet of development in the second quarter, and there’s plenty more to come over the next few years as it unlocks further value in its properties. “We currently have 66 developments in our pipeline,......

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