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 […]
CMHC Reports Drop in Foreign-Owned GTA Condos
TORONTO – Although 2016 found the GTA under the microscope for its sky-high real estate prices, new numbers from the Canada Mortgage and Housing Corporation (CMHC) have indicated that foreign ownership of condos may not be a major contributor to “seller’s market” conditions. Based on vacancy research conducted in October and November, the Corporation’s newest […]
Remembrance Day 2016: The Distillery District in the Great War
TORONTO – Two years ago, Remembrance Day celebrations across the country took on a special significance, as Canadians honoured 100 years since the beginning of Canada’s involvement in the Great War (1914-1918). 2016, however, represents the centennial of one of the city’s most interesting “home front” stories – that of the Distillery District, a collection […]
Port Lands Revitalization gets Funding Boost
TORONTO – With its prime lakeside location, natural green spaces, and proximity to the Gardiner Expressway, Toronto’s “Port Lands” area has long been considered one of the city’s most high-potential areas for real estate development. However, there’s a catch – the Port Lands’ valuable cache of property lies along the Keating Channel, which currently constitutes […]
“More Room to Accelerate” in GTA Real Estate: TD
TORONTO = Forecasts for a “modest correction” in Greater Vancouver’s real estate market are unlikely to be echoed here in Ontario’s capital, according to a new report from TD Economics. Released on August 30 and authored by economists Derek Burleton and Diana Petramala, the latest edition of the Regional Housing Report reports “little slackening” seen […]
Neighbourhood Profile: Central Willowdale
Known to most GTA residents as the northeastern terminus of the TTC’s busy Yonge University Spadina line, the busy intersection of Yonge Street and Finch Avenue has grown into more than just a transit hub since Finch Station first opened for business in 1974. The busy intersection – which is also home to affordable high-rise […]
Canadian Housing Starts Exceed End-of-Summer Expectations
TORONTO – According to new figures from the Canada Mortgage and Housing Corporation (CMHC), nationwide housing starts experienced an unexpected boost last month – fuelled largely by condominium development across the GTA. The CMHC’s report issued October 8, and entitled September 2015 Housing Starts in Canada, reveals that the country’s seasonally adjusted annual rate (SAAR) […]
Cyclists; Pedestrians Welcome at Revitalized Queen’s Quay
Iconic waterfront boulevard reopens to public after ultramodern facelift TORONTO – Spanning a stretch of prime lakeside land that includes the Harbourfront Centre, National Ballet of Canada, the Jack Layton Ferry Terminal, and George Brown College’s Waterfront Campus, Queen’s Quay is arguably one of the most important streetscapes in Toronto’s bustling South Core neighbourhood. Now, […]
Canada Day 2015: Celebrating Three Centuries of Canadian Architecture
TORONTO – This year’s Canada Day celebrations will carry with them an extra significance, as 2015 marks the 300th anniversary of the conclusion of War of 1812 in February of 1815. Bolstered by a newfound sense of nationhood, the extensive building and rebuilding that followed – particularly in Upper Canada (modern-day Ontario) represented the first […]
GTA Housing Market Shatters another Record
TORONTO – According to the latest numbers released by the Toronto Real Estate Board (TREB), Toronto’s red-hot housing market broke a new record for April sales activity last month – with 11,303 transactions being completed across the GTA. The record-busting figure also represented a healthy 17 per cent increase over the same total for April […]