Canada’s housing sector continued to show signs of stabilization in April, with realtors in most markets recording increases in both transactions and prices. The number of homes sold rose 3.6 per cent compared with March, on a seasonally adjusted basis, the Canadian Real Estate Association said Wednesday in a statement. From a year ago, sales…
The Four Seasons Private Residences Toronto is one of the most prestigious condo developments in the country. So why have one third of unit sales been for a loss? A Toronto Star and Ryerson School of Journalism investigation Nestled in the heart of Yorkville, two glass towers rise above a scarlet fountain that gently gurgles…
Mississauga wants independence. At a general committee meeting Wednesday, Mississauga city council passed a motion “in principle” requesting that the Ontario government pass legislation to make Mississauga independent from the Region of Peel. Mayor Bonnie Crombie, who said analysis shows the city sends $85 million to the region to fund growth of other cities, has…
The Exchange District Will Completely Transform Downtown Mississauga Jumbo shrimp. Open Secret. Virtual reality. Downtown Mississauga. Oxymorons, without a doubt. Or are they all? No. In fact, Downtown Mississauga will soon be a reality when one luxury Toronto real estate developer embarks on its plans to establish a new downtown district in the heart of…
Vancouver is on pace to lose its status as Canada’s second largest housing market to Montreal. While still Canada’s most expensive city for housing, a recent collapse in sales has led the value of real estate transactions substantially lower. That leaves Montreal’s soaring market poised to overtake the Pacific coast city’s. In January, the total…
Condo improvement projects and renovations are exciting endeavors that can have a major positive impact for years to come. Whether you’re looking to upgrade your living space or you’re looking to add value to your condofor a potential sale, these projects shouldn’t be taken lightly or without proper planning. Before you begin any projects that…
Whether you’re getting ready to put your condo on the market or just looking for ways to add value to your home investment, it’s important to consider upgrades. As you probably know by now, not all upgrades, renovations, and remodels are created equal — some will offer great returns (sometimes you can even recuperate more than…
The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices – but have they driven up condo prices instead? In October 2016, Canada’s Department of Finance introduced a significant change to the mortgage qualifying requirements for buyers with less than a 20% down payment (known as…
A recent poll found that half of Torontonians are hoping for house prices to fall, but a new report from Royal Bank of Canada basically says “don’t hold your breath.” The modest price gains seen in Toronto and Vancouver in August are a “sign of things to come,” RBC senior economist Robert Hogue wrote in…
Rental rates for condos in Mississauga continued their ever-upward trend in the third quarter of 2018. According to the Toronto Real Estate Board’s latest quarterly tracking report, the average monthly cost to lease a one-bedroom condo in Canada’s sixth largest city rose to $1,962 between July and September. The Toronto Real Estate Board doesn’t expect…