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.
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.
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
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.
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.
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.
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.
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.
