New mixed-use community coming to downtown Mississauga
Downtown Mississauga’s skyline is in for a big change as Crown Realty Partners and Plaza Partners recently announced the closing of a joint acquisition at a prominent intersection in the city.
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Should we be worried about the increase in mortgages with alternative lenders?
Government policy like the mortgage stress test was introduced to cool Canada’s housing market, which it did, but some buyers have decided to simply go a different route, and it could be bad for the overall health of the market.
5 ways to keep summer alive with your home decor
Summer is fleeting in the Greater Toronto Area. We get a couple months of warmer weather (sometimes too warm), and then it’s autumn in the blink of an eye.
Not having an oven is the right move for some people
Condo developers do so much research and consultation when it comes to designing a new residence, and I can tell you that if there wasn’t demand for a leaner appliance package, then there wouldn’t be options like this.
Yes, you still have to do home maintenance in July
The good thing about July is that it’s probably one of the easiest months of the year as far as home maintenance goes, so you still get to spend the majority of your time travelling with your kids and hanging out in the backyard by the pool.
Without Toronto and Vancouver, the average home price in Canada is below $400,000
Though it seemed like the housing market was heating up last spring, on a national level, activity was a bit less exciting, according to the latest monthly report from the Candian Real Estate Association.
Toronto’s Rail Deck Park takes another big step forward
The LPAT dismissed the appeal of the City Council-approved Official Plan Amendment 395, which designated the rail corridor from Bathurst to Blue Jays Way as future parkland and open public space.
Average rent hits record high as vacancy rate improves
Though there was a slight increase in rental supply in the second quarter of 2019, it doesn’t mean rent got more affordable for tenants in the Greater Toronto Area.
Kanye West is building prefab housing inspired by Star Wars
A recent cover story in Forbes broke the news that Kanye is working on a prefabricated housing project inspired by Luke Skywalker’s childhood home. Yes, Luke Skywalker. Not only is this post about Kanye...it’s also about Star Wars.
Canadian home prices expected to rise this year, fuelled by Toronto real estate
If you were waiting for home prices to drop before buying, you may have missed your chance. There was a slight cooling period through 2018 and even earlier this year, but according to a new study, prices are on the rise.
Canada announces funding for green retrofits in Toronto and Hamilton
In a time when green programs are being cut in the country’s most populous areas, any bit of news about funding to improve energy efficiency is welcome.
Toronto housing starts remain steady through June
According to the Canada Mortgage and Housing Corporation’s monthly housing starts report, on a national level, starts trended up in June 2019 with 205,838 units, compared to 200,530 in May.
Housing variety is key to improving affordability
There's a change in the air. There’s talk of prefab housing being piloted to combat homelessness. Laneway suites will soon be popping up across all of Toronto. Sidewalk Labs unveiled plans for mass timber building designs and prefab construction.
Rightsizing boomers putting pressure on the luxury condo market
Due to strong population gains, a stable labour market, healthy employment rate and increasing household budgets, the GTA’s top-tier market was pretty active in the first six months of the year.
3-bedroom condo leases in the Greater Toronto Area soar by 47%
According to the Toronto Real Estate Board’s second quarter data, there were 9,749 condos rented through the MLS system in the second quarter of the year. This is nearly a 15% year-over-year increase.
Ontario home prices need to drop more than $300,000 to be affordable for millennials
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
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Tariq and Saud Adi named Canada’s Top 40 Under 40
We already knew this was the case, but Adi Development Group is now officially a major player in the new home industry with the CEO Tariq Adi and COO Saud Adi receiving Canada’s Top 40 Under 40 Award for young business leaders!
Architecture and fashion come together at RAW WEAR
One of the most highly anticipated events in Toronto’s architecture scene is RAW Design’s annual community event. This year, RAW WEAR took over an abandoned auto body shop in one of the city’s hottest up-and-coming areas.
Is it time to embrace coliving in Toronto?
It may sound like you’re back in college again, but your next rental in Toronto may be a coliving situation. How do you feel about that? Common, a company known for its coliving housing in the United States, has partnered with Dream Unlimited.
Spring ends on a high note as Greater Toronto Area home sales spike more than 10%
TREB released its monthly resale housing market figures, announcing that 8,860 sales were reported through the MLS system. When looking at the first half of the year, home sales are up 8.5% and new listings increased by less than 1%.
Will laneway suites across the entire city improve housing affordability?
It’s possible that there will soon be more laneway suites in Toronto in the near future as the Planning and Housing Committee recently endorsed a plan to support this type of residential development across the city.
KSquare Condos in Scarborough is now under construction!
Located at Kennedy Rd. and Sheppard Ave. East, KSquare Condos features two towers rising 31 and 34 storeys, sharing a seven-storey podium. There will be more than 485,000 square feet of retail, office, and residential space.
Oxford’s Union Park to include a daycare and family-friendly rental units
Over the last week, the talk of the town has been the Union Park development in Toronto by Oxford Properties Group. At first, it was the $3.5 billion price tag that made headlines, but now that more time has been spent digesting the master-plan.
Why I like the Sidewalk Toronto housing strategy
The long weekend is behind us and I finally had a chance to sit down with Sidewalk Labs’ Master Plan for Sidewalk Toronto. All other controversies aside, I’m excited about the housing strategy.
Cottage maintenance that you shouldn’t forget to do
Sure, the cottage is all fun and games during the summer, especially around Canada Day, but keep in mind that there is always maintenance to be done (and we bet you didn’t get to any of it over the long weekend!).
Canadian housing affordability showing improvement, except in Toronto and Vancouver
On a national level, Canadian housing is becoming more affordable, but things aren’t looking good for buyers in the country’s most expensive markets, Toronto and Vancouver.
4 quick ways to get your backyard summer ready
And just like that - it’s summer. The forecast is consistently above 20 degrees celsius, and it will soon be hitting 30. Don’t worry if you forgot to get your backyard ready for the heat (and the long weekend).
Could the FTHBI even be used in Toronto? INFOGRAPHIC
The First-Time Home Buyers Incentive, a new national mortgage-equity sharing program, has been the subject of sharp scrutiny since it was first announced by the federal government in March.
A closer look at housing in the Sidewalk Toronto master-plan
Sidewalk Labs recently released its draft Master Innovation and Development Plan for the ambitious “smart city” project on Toronto’s east waterfront, Sidewalk Toronto. There are hundreds of pages to go through, but we took a closer look at the housing.
We have to improve housing affordability for future generations
I’m sensing a lot of negativity these days - not just in the housing market, but all around the world and close to home. And you know what? I’m tired. Thank goodness the Canada Day Long weekend is coming up.
Average price of a new condo in the GTA nears $780,000
In May 2019, there were 4,794 new home sales in the Greater Toronto Area, according to Altus Group, the Building Industry and Land Development Association’s trusted source for new home market intelligence.
More than 80,000 Canadians will be doing this on June 30
According to moving company, Two Men and a Truck, the weekend of June 30 is the busiest moving time of the whole year. Every year, 4.4 million of the 37 million Canadians move into a new home (or roughly 1.5 million families).
Toronto homebuyers blame population growth for soaring housing prices
Housing prices are considered high in the Greater Toronto Area, and many of the professionals in the industry blame the lack of supply. Turns out that’s not how homebuyers see it.
The potential of modular housing in Toronto
In an effort to combat homelessness, the City of Toronto is moving forward with a pilot project involving underutilized public land and modular housing.
Generation Z will soon have the most purchasing power
It looks like millennials have officially taken over the City of Toronto, but they won’t hold their top position long as Generation Z is on the rise.
How to create the perfect backyard for entertaining
Whether it’s an intimate dinner party or a large celebration, adding the right elements to your space can make your outdoor areas shine like the summer sun. Here are six ways to infuse the perfect elements for all of your entertainment needs this season.
