After a red hot year in 2018, Canada’s residential real estate market has begun to slow. Meanwhile, other real estate sectors have continued to soar. Canada’s commercial real estate sector has remained strong into the New Year. The country’s industrial real estate market is also soaring. In Vancouver, the demand for industrial real...Read More
A lot has been said about the generation we call millennials. They have reportedly killed a number of industries from paper napkins to diamonds, but their lack of spending on these “luxury” items stems largely from one issue- affordability. Millennials are often saddled with student loan debt, forced to take low paying jobs...Read More
Canada’s largest real estate markets, such as Toronto and Vancouver, have seen cooling prices in recent months. Even with the market slowing down, mortgage and HELOC payments are soaring. The Canada Mortgage and Housing Corporation (CMHC) reported a big increase in average payments. The average payment on mortgages and home equity lines of credit...Read More
Residential real estate has been in flux recently, but there is one real estate market that has remained stable- commercial properties. Canada’s commercial real estate boom is expected to carry over into 2019 according to a report by Avison Young. Canadian commercial real estate is strengthened by tight supply and the lowest unemployment...Read More
After asking for more transparency in real estate transactions for years, the government may soon give people what they want. The Ontario government is looking to modernize the Real Estate and Business Brokers Act (REEBA). Currently, the seller’s real estate broker is only required to reveal the number of other offers. The details...Read More
When it comes to real estate, Toronto is the driving force in Canada. The city’s residential, commercial, and industrial real estate have been steady, with Toronto’s residential real estate market carrying Canada in 2018. Now it was just announced that Toronto’s retail space in malls was the most profitable in all of Canada. ...Read More
Real estate in Toronto had a rocky 2018, but while detached homes had their ups and downs condo sales remained strong throughout the year. In fact, Toronto’s condo sales boosted not just Toronto’s real estate market all year, but also all of Canada’s. Condo sales and prices have been increasing in Toronto for...Read More
The Greenbelt, 7,200 square kilometers of protected green space that rings the Golden Horseshoe, is up for discussion again. During his Ontario Premier campaign, Doug Ford caused an uproar when he announced his intention to open up the Greenbelt for development. Ford’s idea was to use some of the large supply of underdeveloped...Read More
Toronto was thrilled when it landed on Amazon’s shortlist for their HQ2 headquarters this spring. It was the only Canadian city to make the list of 20, which was an achievement in itself. While Amazon ultimately ended up splitting their HQ2 location between Long Island City, New York and Crystal City, Virginia, it seems...Read More
The Bank of Canada made their decision regarding interest rates on Wednesday, December 18th. They ultimately decided to leave the rate unchanged as they stated that future hikes would depend on a number of factors. The Bank is maintaining the current interest rate at 1.75 per cent. The interest rate was last increased in...Read More
