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Real Estate
A year after pandemic cleared out offices, WeWork is back
After a year in which a global pandemic turned offices across the world into ghost towns WeWork, the embattled communal office-space company, is making a second attempt at going public.The announcement Friday comes almost two years…
Renters’ market: Tenants renegotiate leases as prices slip in major cities
TORONTO — Canadian landlords are renegotiating contracts and leases as several of the country's top real estate markets shift in favour of renters during the COVID-19 pandemic.Price reductions or promotions offering the first few months…
Will Nova Scotia’s population hit one million? It’s more a matter of when – not if,…
THE CHRONICLE HERALDThe pandemic has prompted many Canadians to rethink where they want to live and build their life. With remote working being an option for many employers, some Canadians have moved away from major cities – or in some…
CMHC’s latest Housing Market Analysis cites imbalances, overheating, overvaluation
The Canada Mortgage and Housing Corporation (CMHC) has released its latest Housing Market Assessment (HMA). The current HMA is based on preliminary data up to the fourth quarter of 2020, and market intelligence up to February 2021 at the…
Tricon and CPPIB create joint venture to build rental housing in Toronto
TORONTO — Rental housing company Tricon Residential Inc. and the Canada Pension Plan Investment Board have signed a deal to create a joint venture to develop rental projects in the Greater Toronto Area.Under the agreement, CPP…
Recreational house prices forecast to increase 15% in 2021: Royal LePage
According to Royal LePage, the aggregate price of a house in Canada’s recreational regions is forecast to increase 15 per cent in 2021 to $502,730, as demand continues to rapidly outpace inventory. The company revised its 2021 recreational…
Bank of Canada to end credit market aid programs amid improving economy
OTTAWA –The Bank of Canada says it will wind down several pandemic buying and lending programs aimed at keeping credit flowing, believing its work there is done as market conditions improve.In a speech, deputy governor Toni Gravelle…
Challenging Gender Bias by “Reskilling” the Real Estate Industry
Career success in any field demands a combination of professional skills. While most individuals begin their career following education and training on the fundamentals of the industry, there are many intangible skills that are equally…
Toronto rents were supposed to drop as people fled the city during COVID 19. The data tells a much…
TORONTO STARFor apartment dwellers like Alex Venuto, the COVID-19 pandemic looked like an opportunity. After years of an impossibly tight Toronto vacancy rate, there were reports that the downtown had emptied out, leaving unoccupied…
One quarter of Canadians aged 25 to 35 purchased a property during pandemic: Royal LePage
According to a recent Royal LePage demographic survey, nearly half (48%) of Canadians aged 25 to 35 currently own their home, and 25 per cent of these homeowners purchased a property during the pandemic. Royal LePage reports, that among…