Browsing Tag

rent

Urbanation report says apartment vacancy in Toronto hit record high in Q4

Anita Balakrishnan — The Canadian Press Jan 19, 2021

A new report says Toronto's rental apartment vacancy rate hit a record high in the fourth quarter of last year.Urbanation said Monday its survey of newer purpose-built rental apartment projects that have been completed in the city of…

Real Estate

Home sales hit record in 2020, Canadian Real Estate Association reports

Anita Balakrishnan — The Canadian Press Jan 15, 2021

Home sales in December hit an all-time record for the month to end what was also a record year, the Canadian Real Estate Association said Friday.December sales were up 47.2 per cent compared with December 2019, the largest…

Real Estate

Average rent in the GTA down over 16 per cent annually: report

Building Jan 13, 2021

The average asking monthly rent in the GTA for all property types was down more than 16 per cent year over year in November to $2,056, declining for the 12th straight month, according to the TorontoRentals.com and Bullpen Research &…

Real Estate

Toronto Real Estate Board says home prices hit record in 2020 as sales climbed

Anita Balakrishnan – THE CANADIAN PRESS Jan 6, 2021

TORONTO – After seeing buyers compete with multiple offers on homes across the Greater Toronto Area, real estate agent Navid Rashid is recovering from an unusually busy December that capped an unusually busy year.''December in the past…

Building

One in 10 offices were vacant in Q4: Colliers Canada

Building Jan 6, 2021

The Canadian office market continues to experience rising vacancy rates, reaching a high of 10.8 per cent in the fourth quarter of the year, according to Colliers Canada in their new 2020 Q4 National Market Snapshot.The data shows that …

Real Estate

Annual pace of inflation climbs to 1.0 per cent in November, Statistics Canada says

Jordan Press – THE CANADIAN PRESS Dec 17, 2020

OTTAWA – The country's annual inflation rate in November rose to its fastest pace since the start of the pandemic, driven by a rise in prices for homes, rent and goods around the house.Statistics Canada said Wednesday the 1.0 per cent…

Real Estate

From restaurants to retailers, virus transformed economies

Paul Wiseman And Alexandra Olson – THE ASSOCIATED PRESS Dec 16, 2020

NEW YORK – It would be just a temporary precaution.When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon – as soon as New…

Real Estate

N.S. single mothers describe the dilemma of families seeking safe, low cost housing

Michael Tutton – THE CANADIAN PRESS Dec 14, 2020

HALIFAX – Single mother Harley Newell faces a harsh choice: either battle to remain in an apartment in need of repairs or pursue the faint hope of finding publicly subsidized housing in a small Nova Scotia town.The 29-year-old single…

Real Estate

As demand for rental units continues to escalate, so does the price

Marg Bruineman, Local Journalism Initiative Reporter Dec 10, 2020

BARRIETODAY.COMSarah Carder started 2020 much like she had the previous year: running a home-based salon and working part-time at a Barrie restaurant while raising her three children in a shared-custody arrangement with her ex-husband.…

Building

Canadian mall owners could acquire key retail tenants in the months ahead

Building Nov 25, 2020

Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead, said Bradley W. Snyder, a Tiger Group Executive Managing Director, during a retail-focused webinar hosted by Insolvency Insider.…

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