Fairview Mall is set to get bigger and better after plans were revealed for a major renovation and expansion project. In a press release yesterday, Cadillac Fairview and TD Greystone Asset Management unveiled plans that are set to revitalize the mall by “transforming 230,000 square feet (sf) of existing department store and other retail space”, […]
Markham and Mississauga Say No to Cannabis Stores
Cannabis may be legal in Canada but you won’t be able to buy it in two of the GTA’s biggest cities after both Markham and Mississauga opted out of hosting cannabis retail stores. The announcements came yesterday as the two cities became the first major GTA municipalities to take advantage of the opt-out offered by […]
Sidewalk Labs reveals draft plan for Toronto Waterfront
Sidewalk Labs has released its much-anticipated draft plan for the redevelopment of Quayside – the section of Toronto’s waterfront that it hopes to turn into a new smart neighbourhood. This initial draft plan is the first clear indication of the company’s vision for the new waterfront neighbourhood located at Parliament Slip. The company is a […]
GTA Home Prices Increase 3%, Sales Drop 35%
Home prices increased 3% year-on-year in the Greater Toronto Area during August but the general slowdown continued, with month-on-month prices and sales of detached homes down once again. In its latest report released Wednesday, the Toronto Real Estate Board revealed that the average sale price of homes in the GTA was $732,292 – a 3% […]
Toronto ranked 4th in Global Liveability index for 2017
Toronto was once again ranked as one of the best places to live in the world as the Economist Intelligence Unit released its 2017 Global Liveability rankings. Ontario’s capital ranked fourth in the list of most liveable cities throughout the world, once again enhancing its credentials as a top international city and destination. The city […]
Has Toronto’s real estate bubble burst? A statistical look
Following the latest release of figures from the Toronto Real Estate Board (TREB) last Thursday, there have been a variety of headlines proclaiming the bursting of the real estate bubble in the Greater Toronto Area. But has that really happened? And is there a real estate bubble at all? We took a deep look at […]
GTA House Prices Record Another Big Increase in April
House prices continued to rise in the Greater Toronto Area during April, with the latest report from TREB showing a 24.5% year-on-year increase in the average selling price and a slight increase from the previous month. Rising to a new high of $920,791, the average selling price for all homes in the GTA was […]
A Closer Look at the Fair Housing Plan
A little time has passed since the government of Ontario announced its Fair Housing Plan, so people have had a chance to really think about and analyse the proposals. As such, we thought that the time was right to look at the entire fair housing plan to see what it means for people buying and […]
Ontario Announces Measures to Cool Housing Market
TORONTO – The Ontario government announced its wide-ranging plan to cool the housing market on Thursday morning with a series of measures called Ontario’s Fair Housing Plan, highlighted by a 15% tax on non-resdient speculative buyers. Following on the heels of British Colombia, which implemented a foreign buyer tax last year, the proposed Non-Resident Speculation […]
Assignment Sales and “Shadow Flipping”: An Ontario Perspective
GREATER TORONTO – While it has certainly garnered its share of media attention in Greater Vancouver, the practice now known as “shadow flipping” has yet to become a serious problem here in the GTA, according to the Real Estate Council of Ontario (RECO). In a nutshell, a real estate sales representative or broker may engage […]