All the things that will impact the housing market in 2020
If you paid any attention to the housing market at all this year, you know there were some big moves made on a national, provincial, and municipal level. With that in mind, we reviewed all of 2019 and put together a list of 2019 highlights.
Average rent in Toronto expected to jump 7% to nearly $2,800 in 2020
The Greater Toronto Area’s rental market is struggling with a lack of supply and increasing rent. Looking ahead to 2020, it looks like the affordability struggles will continue.
New short-term rental regulations you need to know if you own property in Toronto
The City of Toronto will be moving forward with the new short-term rental regulations that were proposed and approved back in late 2017.
Renting in Toronto seems hopeless for some graduating students
The topic of renting in Toronto has become more and more of an anxiety inducing conversation for those freshly out of university or college who are making their first strides in a work environment.
How do condo ownership costs compare to rents in Toronto? STUDY
The cost of rental housing never ceases to be a hot-button issue in Toronto, and no wonder – with a city-wide vacancy rate of 1.1%, the 416 has one of the tightest rental markets in North America.
What a flat rental market means for pre-construction condos
If the rental market in Toronto stays as flat as it is right now, then there’s a good chance that the pre-construction condo market may be in trouble in the near future.
2 things that could happen to Toronto’s new condo market
Tomorrow is Halloween, but to be honest, the only thing that’s kind of frightening me right now is how expensive new condos in the Greater Toronto Area are getting.
Rent in the Greater Toronto Area may have peaked
Urbanation’s third quarter purpose-built rental market results include data from rental buildings across the GTA, completed since 2005, which accounts for 68 buildings and 14,832 units
Canadian newcomers play a key role in fuelling housing demand
According to the survey results, newcomers account for 21% of all homebuyers in Canada. If the international migration level remains the same, newcomers are expected to buy 680,000 homes in Canada over the next five years.
Balance may be returning to the Greater Toronto Area’s condo rental market
In the third quarter of 2019 (Q3-2019), there were 10,800 condo apartments rented through the MLS system, which is 17.3% higher than the same quarter a year ago.
