Browsing Tag

Affordability

A fix for Toronto’s housing crisis could be hiding in plain sight

Nina Dragicevic Nov 12, 2020

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…

Building

Condo rents may have plunged, but that doesn’t mean Toronto has become more affordable

Victoria Gibson, Tess Kalinowski Nov 2, 2020

TORONTO STARBy Victoria Gibson, Local Journalism Initiative Reporter, Tess Kalinowski, Real Estate ReporterToronto rents may have stopped climbing in recent months, but don't hold your breath for a sustained shift in affordability…

Real Estate

As suburban homes get big city price tags, longer commutes look like better deals

Anita Balakrishnan - The Canadian Press Oct 14, 2020

For Al Figueiredo, the scenic drive down highway 116 to Crystal Beach was enough to convince him to leave Toronto.The school teacher who splits his time between remote work and working in the city, decided to leave Toronto's Trinity…

Real Estate

Toronto looks at forcing new condo developers to dedicate 10 per cent of residential space to…

Victoria Gibson, Local Journalism Initiative Reporter Sep 23, 2020

TORONTO STARToronto’s chief planner is proposing new condominium developments in parts of the city be required to dedicate 10 per cent of their space to affordable rentals or owned homes and be guaranteed affordable for 99 years.…

Building

New passive house affordable housing development receives approval in Vancouver

Building Sep 17, 2020

Ryder Architecture has received unanimous approval from the City of Vancouver Council for their Passive House affordable housing development for Brightside Community Homes Foundation. The design of the development responds to the…

Real Estate

Pandemic drives down rent, boosts incentives in Toronto and Vancouver

Brenna Owen - The Canadian Press Sep 1, 2020

VANCOUVER — Rental prices have dipped and landlords are facing stiffer competition for tenants in Canada's two hottest housing markets in the fallout from the COVID-19 pandemic.It seems like a renter's market in Toronto and Vancouver…

Urban Planning

Universities can squeeze out low-income residents in cities like Montréal

Alessandra Renzi, Aaron Vansintjan, Emanuel Guay, Tamara Vukov, Vijay Kolinjivadi Mar 11, 2020

Parc-Extension in Montreal is a neighbourhood in transition with dire consequences for low-income families. Andrés Salas, Author provided Alessandra Renzi, Concordia University; Aaron Vansintjan, Birkbeck, University of London; Emanuel…

Real Estate

CBRE predicts record $50 billion investment for commercial real estate this year

Ian Bickis - The Canadian Press Feb 25, 2020

TORONTO — Canada could see a record-breaking $50-billion worth of investment in commercial real estate this year as economic tailwinds and immigration policies support the booming sector, according to a report by CBRE, but it says the…

Construction

Federal Government Invests in Affordable Rental Housing in London

Building Jan 13, 2020

The federal government is investing over $130 million for the construction of two multi-residential buildings comprising of 420 units, located at 495 Talbot St and 110 Fullarton St in London."Through the National Housing Strategy,…

Real Estate

KPMG Reports Owning a Home is Becoming Unachievable for Millennials

Building Dec 12, 2019

Soaring house prices and rising personal debt are making it impossible for many millennials to ever afford a home, according to a new poll commissioned by KPMG in Canada.The KPMG Millennials and Retirement poll finds that while…

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