Following on from a recent pattern, the GTA real estate market showed more signs of growth in November, with prices rising by 7.1% and the number of sales up by 14.2%. According to a report released by the Toronto Real Estate Board (TREB) this week, the average price of a home in the Greater Toronto […]
Tarion announces new disclosures to help new home buyers
TORONTO, ON – Tarrion announced yesterday that it would enforce new mandatory disclosures for new home sales, aimed at educating and informing buyers to help them make more informed purchases. The regulator of Ontario’s new home building industry said that, effective January 1, 2020, every purchase agreement for a new condominium must include an information […]
Canada’s new Federal First-Time Home Buyer Incentive
The Federal government last week announced details of its planned First-Time Home Buyer Incentive, which is aimed at helping first-time buyers get a foot on the housing ladder. We took a close look at the details and consulted financing experts to see what this announcement could mean for home buyers in the Greater Toronto Area. […]
CF Fairview Mall set for $80 million renovation and expansion
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 […]
Promenade Mall set for major redevelopment
Promenade Mall is set to undergo a massive transformation after plans were submitted to the City of Vaughan that envision a modern mall surrounded by high-rise towers and connected to a growing transit system. The mall is situated on a 50-acre site on the south-west corner of Bathurst Street and Centre Street in a high-demand […]
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 […]