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Rightsizing boomers putting pressure on the luxury condo market Image

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.

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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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Tariq and Saud Adi named Canada’s Top 40 Under 40 Image

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! 

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Architecture and fashion come together at RAW WEAR Image

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. 

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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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Spring ends on a high note as Greater Toronto Area home sales spike more than 10% Image

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%.

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KSquare Condos in Scarborough is now under construction! Image

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.

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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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Why I like the Sidewalk Toronto housing strategy Image

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. 

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