Commuting time is the key for young professionals

Distance to the job is the top factor in where Toronto’s talented young workers choose to live When it comes to choosing where they live, it’s all about the journey to work for the Toronto region’s young professionals. They ranked commute times ahead of proximity to other amenities and even above the cost of living when it comes to deciding …

Toronto condo prices reach new heights

One thousand dollars. That’s the new cost, on average, per square foot for a new build condo in the heart of Canada’s largest city. It’s a shocking 30 per cent increase, per square foot, year-over-year in Toronto. A price point which is here to stay, according to Urbanation, the company that compiled the third quarter report. “I think we’ve evolved …

Buyers regain confidence as Toronto real estate market rebounds from summer sales slump

The uncertainty sparked by the introduction of Ontario’s fair housing plan is starting to wane as formerly hesitant would-be buyers regain confidence that Toronto’s real estate market is stabilizing again, analysts and realtors said Sunday. While some prospective buyers will be hit by new mortgage rules coming into effect on Jan. 1, the overall market will likely see little impact …

New mortgage rules expected to heat up Toronto housing before winter chill

The sales slump in Toronto real estate is persisting into the fall, but average annual prices across the region are holding up thanks to double-digit price gains in the condo sector. While the industry hoped for, and failed to see, a surge of back-to-school homebuyers, the further tightening of mortgage rules could add some temporary autumn heat. Still, with the …

Google sister company makes ‘bold bet’ with new tech-focused neighbourhood ‘Sidewalk Toronto’

Waterfront Toronto partners with Sidewalk Labs for futuristic development in Toronto. Waterfront Toronto has announced that Sidewalk Labs, Google’s city-building sister company, will be its partner in creating a new tech-focused neighbourhood on the eastern Toronto waterfront. Reports began circulating last spring that Sidewalk Labs, a subsidiary of Google parent Alphabet Inc., was eyeing the unassuming piece of low-slung industrial …

The Next Hot Neigbhourhoods

There’s hope for non-millionaires who just want a half-decent house in a nice area with good schools. Our GTA-wide ranking of the top 20 places to buy now. n the past five years, it has become almost impossible for aspiring homeowners to achieve the Platonic ideal: a good-sized house in a safe neighbourhood, with decent schools and leafy green space …

Average Toronto house price rebounds in September

The average Toronto area re-sale home price rose by about $43,000 or 6 per cent in September compared with August. The average Toronto area re-sale home price rose by about $43,000 or 6 per cent in September compared with August — a sign, say some realtors, that the slumped market is waking up, or at least levelling off. “The increase …

Five things to know before buying property from a developer

If you’re eager to get into the housing market, you might consider purchasing a newly, or not-yet-built, condo or townhouse. Unlike buying a previously-owned home, purchasers will have to deal with sometimes tricky contracts and specific rules that come along with buying from a developer. Lisa Corne, partner at Dickinson Wright LLP Toronto, joined BNN to talk about the five …

The top 5 Toronto intersections for condo resales

A study of downtown intersections shows apartments sell for more at Bay and Bloor Sts. and Avenue Rd. and Bloor St. When it comes to resale condos, some of the city’s key downtown intersections appear to be cornering the market with prices up to 23 per cent higher than the citywide average, according to a Tuesday report from TheRedPin. The …