Sales of new condos jumped to a near-record in the Toronto region in the second quarter of 2019 amid lower borrowing costs, with most growth coming outside of the city core. Sales surged 77% to 8,902 units from the same period last year, according to market research firm Urbanation Inc. That’s the second-highest level on record for the quarter, following the market peak of 11,413 pre-sales in the...

Growing cities, losing affordable housing at alarming rates. Ever since a Request For Proposals process selected Capital Developments and Metropia to redevelop a 7.3-acre Toronto District School Board property at Bloor and Dufferin, a high-density rebuild of the site was expected. After community feedback and following two versions of the plan, the developers have returned, revising the proposed...

Market Update June 5, 2019 - The year-over-year uptick in sales experienced so far in the second quarter of 2019  suggests that home buyers in the Greater Toronto Area has edged upwards since the fall.     After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in consumer sentiment toward ownership housing. Households continue to see...

We spoke with Carolyn Mednick, Diane Wallace and Dee Pasquale to get the scoop on the Toronto real estate development market. As real estate sales and marketing influencers, they share some of Great Gulf’s sweetest treats.   Yummy!! We believe a picture is worth a thousand words.   Carolyn: Oreo McFlurry, Dee: Vanilla soft cone with sprinkles, Diane: Ice Cream Sandwich...

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...

Market Update May 7, 2019 - There has been strong year-over-year growth in sales and this is obviously a good news story and likely represents some catchup from a slow start to the year. TREB's sales outlook for 2019 anticipates an increase relative to 2018. It should be noted, however, that growth in new listings is not keeping pace with sales. This points to the ongoing housing supply issue in the...

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...

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...

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...

This is the epicentre of big city living, where young urban professionals live where they work and work where they live. The attractions? The ability to walk to all corners of their lives - both for work and play. King West is cutting edge, fresh and is one of the fastest growing neighbourhoods in the city, because of its lure and charm. Where young professionals come to live the urban...