Whatever happened to Toronto’s condo bubble? The average price of a condominium in the city popped more than 17 per cent in February compared to what the same unit would have sold for just one year earlier.
Perhaps more important than the eye-catching jump is what it signifies. Or maybe what it doesn’t.
The rising trendline for condo prices may well be the diametric opposite of what many market watchers were warning it could look like not so long ago, as countless cranes busily infilled Toronto’s skyline with gleaming residential tower after residential tower stuffed with tens of thousands ...
Spring is usually busy season in the housing market, and it will likely be the case this year -- though for different reasons in various areas.
Daylight Savings Time begins on March 12, and the first day of spring is the following weekend.
All of this sets the stage for an active spring real estate market.
The national average sale price increased 17 per cent, year-over-year, in January, according to the Canadian Real Estate Association (CREA). That's a huge jump.
But, take British Columbia and Ontario out of the equation, and the national average sale price actually declined ...
On foggy nights, the lights atop downtown Toronto skyscraper condo Aura seem to hover in space like extra-terrestrial visitors.
The distinctive pattern, using 1.24 kilometres of LED lights that shine into the night sky, ensures that North America’s tallest residential tower is recognizable from the edges of the GTA. And further.
“I’ve had friends call me from Victoria Park to say, ‘Hey, I can see your building from here,’ ” said Nicolas Lin, 33, who bought his 870 square foot condo on the ninth floor for $570,000.
Aura is the final building in the College Park development, on the northwest ...
Long before the Cactus Club Café became a 29-location “creative fine dining” chain – before the B.C.-based company finally ventured east to Toronto last fall to open its three-level, 500-seat Financial District madhouse with the retracting roof and the build-out budget of lord knows how many tens of millions; before the ling cod en cocotte and the porcini mushroom pappardelle; before the fine wines and the Basquiats on the walls and the hiring regime that somehow, no doubt accidentally, ensured that almost every hostess and female server should look like a lingerie model; before the crushing crowds and the appointment of chef ...
With the loonie dropping below 70 cents U.S. this week, Canadians are foregoing winter sun vacations and hunkering down for the season until winter ends or the exchange rate improves -- whichever comes first.
Even favourite Canadian pastimes like cross-border shopping and flying are on the decline as the price of American vacations, flights and goods could end up costing us 30% more with the current value of the dollar.
One solution? Don't leave Canada for your vacation.
“Our 2016 bookings already show that discerning Canadians recognize that they are going to get the most value from their travel budget by exploring Canada this year,” said ...
Around 1853, Baron Georges-Eugène Haussmann got to work on what is arguably the most successful — and most admired — renovation project of all time: a comprehensive overhaul of the streets, parks and buildings of Paris. After all, he is the man who untangled the city’s original medieval footprint, called for a vast annexation of surrounding suburbs and unfurled wide boulevards in tidy lines across the city. Haussmann also played an integral role in shaping the architectural profile of Paris. The city’s glorious, distinctive residential buildings were built to Haussmannian specifications: large (often whole-block), stone-faced, five-floor structures marked by the ...
With their massive sizes, office buildings are, unsurprisingly, not the greenest of structures. But architects and engineers are changing that notion, using the latest technology to increase buildings’ sustainability. Here, we select eight of the foremost eco-friendly offices around the world.
The Edge, Amsterdam
Developed by OVG Real Estate, Deloitte’s Amsterdam headquarters, called the Edge, received the highest recorded BREEAM score ever—98.36%—and is the first building to employ Philips’ Ethernet-powered LED-connected lighting. This innovative technology allows employees to regulate their workspace lighting and climate with a smartphone app, and helps lower energy costs by recording data on carbon-dioxide, temperature ...
The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole. Strong annual sales increases were experienced for all major home types last year.
"Home ownership is a quality long-term investment that families can live in while the value increases over time. A relatively strong regional economy in the GTA coupled with ...
Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new provincial legislation that has passed unanimously at Queen’s Park.
In a province with 700,000 condominium units — and 10,000 different condo corporations for their residents — Government and Consumer Services Minister David Orazietti said it was time to update the law.
“The condo sector has been a bit like the Wild West,” Orazietti said in an interview this week.
“It came down to a couple of key things: first of all, the licensing of condo managers was one of the top priorities (and ...
The Liberal government is overhauling the rules governing the mortgage industry in a bid to target what it said were “pockets of risk” in the housing market.
The three-pronged approach includes doubling the minimum down payment for some home buyers, increasing the fees charged to lenders that securitize government-backed mortgages, and proposed changes that could require lenders to hold more capital against some insured loans in order to curb mortgage fraud and to slow rising levels of household debt.
Taken together, the new rules represent the most sweeping changes to the housing market since 2012, when the previous Conservative government ...
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Toronto Real Estate Board - IDX Last Updated: 7/21/2017 6:38:53 AM