In light of current updates regarding the COVID-19 pandemic, Living Realty has the following recommendations for clients.
Boost for home buyers as mortgage stress test changes
There was good news for home buyers yesterday as the Federal government announced changes to the insured mortgage stress test that will make it easier to qualify for a mortgage. The stress test was first introduced in 2016 for insured mortgages and its aim was to ensure that buyers could afford to meet payments in […]
Toronto housing market continues to heat up
There were further signs of the Toronto housing market heating up in December as the average price and number of sales both recorded big increases, while a sharp drop in listings indicated a tightening of supply. According to the latest report released by the Toronto Real Estate Board (TREB) this week, the average price of […]
GTA Real Estate market continues to heat up
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 […]