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Real Estate
Multi-suite residential and industrial real estate remained resilient during Q3 2020: Morguard
During the third quarter of 2020, the multi-suite residential and industrial sectors of Canada’s commercial real estate remained resilient despite the economic slowdown resulting from the pandemic.Meanwhile, the office and retail…
CMHC says annual pace of housing starts climbed higher in October
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts increased in October.The national housing agency says the seasonally adjusted annual rate of housing starts rose to 214,875 units last month compared with…
Average rent down 8.1 per cent in Canada year over year: National Rent Report
The average rent for all Canadian properties in October increased .7 per cent month over month to $1,782, after four months of almost no change, according to Rentals.ca’s and Bullpen Research & Consulting’s latest National Rent Report.…
CREA says October home sales edged back from record high set in September
Home sales in October set a record for the month, even as they fell back from the all-time monthly high set in September, the Canadian Real Estate Association said on Monday,The association said October sales were down 0.7 per cent…
Landlords can raise rents as much as they like when a tenant moves out. If that rule were scrapped,…
TORONTO STARFor more than two decades in Ontario, as successive governments have tinkered with rent control, there's been a moment between tenancies when landlords can raise rents to whatever they'd like.That ability is known as…
A fix for Toronto’s housing crisis could be hiding in plain sight
Across Toronto and the wider region, up to 176,000 new units could be added to rental sites to meet crushing demand. These 950 infill sites are already purchased and zoned — there is simply room and an opportunity to add more.
A recent…
GTA Realtors Report Record Sales Levels for Month of October
The Toronto Regional Real Estate Board (TRREB) has reported that home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. According to TRREB, its members made 10,563 sales as reported through…
Average rent in the GTA down almost 13 per cent annually: Report
The average monthly rent in the Greater Toronto Area (GTA) was down almost 13 per cent year over year in September to $2,131, declining for the 10th straight month, according to the latest TorontoRentals.com and Bullpen Research &…
A tale of two markets as Toronto home sales set record but condo prices flatten
Toronto's real estate market fractured in October as buyers favoured suburban neighbourhoods and detached homes while sellers wanted out of downtown condos.There is a supply-demand disconnect in the real estate market in Toronto,…
Vancouver housing market posts second best October on record as sales rise 29%
Vancouver home sales were up 29 per cent compared with a year ago in October, making it the second-best October on record, the Real Estate Board of Greater Vancouver said Tuesday.The board said its agents sold 3,687 homes last month, up…