Nearly half of Canadian parents plan to help their kids buy a home Image

Nearly half of Canadian parents plan to help their kids buy a home

The Housing Affordability Survey, a Leger poll of more than 1,500 Canadians, commissioned by FP Canada, discovered that 48% of parents with children under 18 years of age intend to assist with the purchase of a first home.

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This is how much you need to make an hour to afford rent in Toronto Image

This is how much you need to make an hour to afford rent in Toronto

If you earn minimum wage, there’s a good chance you can’t afford to rent in any neighbourhood in Toronto, according to a new study by the Canadian Centre for Policy Alternatives. 

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Average rent hits record high as vacancy rate improves Image

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.

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Housing variety is key to improving affordability Image

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.

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3-bedroom condo leases in the Greater Toronto Area soar by 47% Image

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. 

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Ontario home prices need to drop more than $300,000 to be affordable for millennials Image

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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Is it time to embrace coliving in Toronto? Image

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.

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Will laneway suites across the entire city improve housing affordability? Image

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. 

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Oxford’s Union Park to include a daycare and family-friendly rental units Image

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.

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A closer look at housing in the Sidewalk Toronto master-plan Image

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.

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