Real Estate

A Toronto home selling for over asking is nothing new, with the housing market the way it is, it's more shocking when something like that doesn't happen.That being said, a home selling for $2.1 million over asking, nearly 50 per cent more than its initial asking price is a whole new...

Like the lost motel strip that once existed along Lake Shore Boulevard in Etobicoke, a stretch of aging motels along Kingston Road in Scarborough is gradually disappearing to make way for the flood of condos Toronto buyers demand.Joining the collection of hospitality properties that have passed their prime and will move on...

It was a rough week for the artists who lived and worked in a derelict warehouse building at Dupont and Ossington, a mass eviction priming the local landmark for its impending demise and redevelopment.A new mixed-use development with commercial space, live/work units, and a mix of market and affordable rental...

Living in Toronto has never been cheap — at least not within my adult lifetime — but never has it been so expensive as right now. Seriously! RBC Economics warned just last week that the GTA saw its sharpest dip in affordability since the 1980s during Q2 of 2021.Rents are...

CBC’s Marketplace is focusing on the unacceptable and potentially illegal behaviour of some in the real estate industry. The Canadian Real Estate Association (CREA) categorically condemns all illegal behaviours and practices in the profession. We continue to support our provincial and territorial partners in efforts to strengthen consumer protection and...

Living in this city is expensive and space is limited so it's no surprise that small apartments are a popular choice for anyone looking to get into the real estate game. This studio apartment at 1 King Street West is listed for $329,000 and I don't think small even begins to cover...

OTTAWA - The Canadian Real Estate Association says home sales in September edged up on a month-over-month basis for the first time since March. The association says home sales in September were up 0.9 per cent compared with August. Compared with September 2020 when home sales were at a record...

Ottawa, ON, October 15, 2021 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales edged up between August and September 2021. Highlights: National home sales rose 0.9% on a month-over-month basis in September. Actual (not seasonally adjusted) activity was down 17.5% on a year-over-year...

A new digital platform endeavours to streamline what its founders say is an inefficient housing development process through a new data-driven operating system, which, if successful, will allow developers to share and access information with ease, ultimately spurring faster development and putting more people into homes.In a release announcing their...

After a short-lived stint in third place on the widely-respected UBS Global Real Estate Bubble Index, Toronto has once again overtaken Munich to reclaim its spot as the second-riskiest urban housing market on earth.Yay? Nay."Over the last ten years, in Torontothe real price level has almost doubled amid strong population...

It's only been a few weeks since a developer pitched plans to preserve a ridiculously thin sliver of a midtown Toronto office building to build, you guessed it, condos. If that wasn't enough, the very same developer is now back with new plans to tear down another Yonge Street office...

For many, owning property in Toronto is simply out of the question, and rental buildings have been popping up in greater numbers to satiate demand. Competition is still fierce even on the rental market, and average rent prices have been climbing in the city as the economy bounces back from...

Though Ontario cities like Toronto are known for doing a good job protecting the rights of renters in disputes, there are some changes on the way to the province's Condominium Act that will place tougher restrictions on how tenants conduct themselves in an effort to curb "problem" individuals.As it currently stands, condo owners may find (and...

Packing up and moving is arduous enough, but making matters worse for many Canadians is that there are many additional charges they’re often unaware of.According to a survey by BigSteelBox, a moving and storage company, 19% of respondents didn’t realize they would be charged by weight, of which 36% were...

Sandwiched between the railway line and another home is this tiny, derelict bungalow. 35 Ray Avenue is a three-bedroom, two-bathroom detached home being sold "as is, where is" for $649,000. Which is actually less than it was originally listed for back in September this year.It was listed for $699,998, which, in my opinion, is a...

The Toronto Regional Real Estate Board (TRREB) is reporting a busy fall market, as sales and average sale prices rose from August to September, although new listings declined.While activity increased in September from a month earlier, sales decreased by 18% year-over-year. Davelle Morrison, a broker with Bosley Real Estate, is...

A community hub and commercial centre will soon replace a long-disused garbage incinerator and a shuttered slaughterhouse that made headlines for its perpetual stink of death, promising to bring new life to Toronto's Niagara neighbourhood.And while Toronto will be happy to see the notoriously smelly abattoir torn down and the...

The housing crisis facing our country is finally receiving the attention it deserves, but there is another equally troubling situation that the construction industry must contend with that also threatens our economic recovery.The construction industry faces a shortage of skilled trades. We need more youth, women and underrepresented people to...

Today in unintentionally hilarious TikTok videos, we have a real estate agent who is either lying about the fact that she lives in Toronto, trolling the city with a bang-on parody bit, or genuinely fond of greasy douchebags and waiting in line for overpriced Instagram backgrounds.Whatever the case, Anna Oliver's...

Canadian home prices should rise another 5% before the end of 2021, says a new report from RE/MAX.Perhaps unsurprisingly, single-family detached homes have grown the most in price this year compared to 2020, rising between 6.8% and 27.3% across 26 markets RE/MAX included in its analysis. According to the company’s...