Government Policies

New Rules For Toronto Airbnb and Short-Term Rentals

5 things renters, short-term rental hosts and visitors should know about the changes Despite Toronto's decades-long condo building boom, the city statistics show that the vacancy rate has fallen. In fact, the rental market is almost as tight as it was in 2001. (Michael Wilson/CBC) Stricter rules governing Airbnbs and other short-term rentals in Toronto are coming following a decision...

Enhanced Disclosure For Buyers Of Pre-Construction Condominiums

Purchasers of pre-construction condominium units in projects commenced after January 1, 2020 will benefit from more information that will help them make a more informed purchase.  Agreements of purchase and sale for units where the first purchase agreement for the project or phase of a project is signed after this date will include an information sheet at the front of the purchase agreement that outlines...

CHMC’s Housing Market Outlook: Fall 2019

CMHC's Housing Market Outlook (HMO) provides the forward-looking analysis Canada’s housing markets. Published annually, this helps anticipate emerging trends in Canada's new home, resale and rental housing markets at the national, provincial and local level. The HMO includes forecasts for important housing market variables such as starts, prices, resales, vacancy rates and rents. CMHC presents...

Growing Up – Top Family-Friendly Condos in Toronto

You've decided to raise your child in Toronto, it can now be tough deciding which neighbourhood is best for your family. Many factors come into play: What are the best schools in the area? What amenities does the building offer? Are there playgrounds nearby? How secure is the building? And the list goes on. But to make the process a little easier, we’ve rounded up 3 of the best family-friendly new...

Growing Up – Youth in Toronto’s Vertical Communities

Thirty per cent of households with children in Toronto live in mid- or highrise buildings. Downtown it’s 66 per cent. In fact, the number of families with children and teens living in highrise buildings grew by 10,000 or 15 per cent between 2006 and 2011. Yet the average size of a re-sale condo has dropped 20 per cent —1,087 sq. ft. to about 885 sq. ft. between 1996 and 2014. The city of Toronto has...

Airbnb Toronto Friendly Condos

The number of Airbnbs in Toronto that could be used as long-term rentals – and help alleviate the city's housing crisis – has doubled since 2016. According to a new report released by Fairbnb, a national coalition of hotel union workers, affordable housing advocates and condo residents, there are currently 6,500 entire homes in Toronto listed on Airbnb. That's a 25 per cent increase in the last year...

How to Spot an Up-and-Coming Neighbourhood

Spotting these future hot neighbourhoods takes long-term vision. Whether you’re a young professional, smart-sizer or an expanding family, there’s something for everyone in an evolving area. Here are 5 signals you can use to identify an up-and-coming neighbourhood:   1. Major Renovations or New Builds are Underway. You can see this change in a variety of ways: • Smaller homes...

Should millennials cheer Budget 2019’s housing measures?

The federal government released the much-anticipated Budget 2019, with homebuyers, builders and others awaiting measures to address housing issues. And in short, it comes up, well… a little short. In the end, it was the way the federal government chose to help millennials buy a first home that was a surprise, not the fact that it did. Budget 2019 included a plan that will see CMHC share the cost of...

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