TORONTO RENTAL MARKET TIGHTENS AS CONDO LEASES REACH NEW RECORD

TORONTO – October 15, 2015: Urbanation Inc., the leading source of information and analysis on the Toronto condominium market since 1981, released its third quarter condo and purpose-built rental market results today. The number of condo apartments rented through the MLS system reached a new high of 8,398 units during Q3-2015 in the Greater Toronto Area, increasing 18% year-over-year. Average …

Hot Canadian housing market to slow next year, CMHC says

Increase in inventory of unsold homes, prices, mortgage rates and supply of rental units all expected to contribute to slowdown in starts, sales, Canada Mortgage and Housing Corp. forecasts. OTTAWA—The Canadian housing market is expected to moderate over the next two years, Canada Mortgage and Housing Corp. said Monday it its fourth-quarter outlook. A rise in the inventory of unsold …

Get ready: Realtors say Liberals to extend land transfer tax powers across Ontario

It’s a tax realtors have never stopped fighting in Toronto since it was introduced seven years ago, and now their worst fears may be coming true: The land transfer tax is spreading across Ontario. The Ontario Real Estate Association (OREA) insisted Tuesday the governing Liberal party is going ahead with plans that will allow municipalities to follow Toronto’s lead and …

Toronto Mayor Tory ‘encouraged’ by Liberals’ housing plan

With less than a week to go before election day, Toronto Mayor John Tory is assessing the party leaders’ platforms on municipal issues – saying he’s “encouraged” by the Liberals for addressing affordable-housing repairs, and that the Conservatives are “behind the others” on housing. Throughout the 11-week campaign, the mayor has refrained from endorsing any one party, despite his own …

Housing sales in Toronto strong in all market segments

CAROLYN IRELAND The Globe and Mail Published Thursday, Oct. 01, 2015 Toronto residents continue to pay eye-popping prices to gain a toehold in their preferred patch – whether they favour a townhouse in Kensington Market or a château in the suburbs, Globe Real Estate’s exclusive fall home value survey confirms. The data compiled by Realosophy Realty Inc. show how prices …

Toronto condo developers head directly to China to court buyers

In the Fairmont Hotel in Beijing, couples walk across the marbled floors to an elevator, riding it to a small conference room where a group of Toronto real estate agents have come to sell them condos in Canada’s largest city. As they settle in, Toronto real estate sales mogul Tony Ma walks to the front of the room, speaking rapid-fire …

Hot, hot, hot

Toronto: Where ‘relatively average’ homes now cost up to $2-million Christie’s International Real Estate has dubbed Toronto the world’s “hottest” market for luxury real estate. The “Luxury Defined” report released yesterday by the real estate arm of the renowned auction house found that high-end home sales jumped by 37 per cent last year in Toronto, the only city in the …