Toronto’s condo rental market showing vitality

Toronto’s condo rental market showing vitality

Toronto’s condo rental market is showing signs of strength, according to a Q1 Urbanation report that revealed, at 11,928 units leased, transactions surged by 70% over Q1-2020.Listings declined by 12% from Q4-2020 and brought the ratio of quarterly condo leases-to-listings to 61%—the highest since the COVID-19 pandemic struck in March...

Why I’m stressed about the new stress test

Why I’m stressed about the new stress test

The Office of the Superintendent of Financial Institutions (OSFI) recently announced it’s revisiting the stress test on conventional mortgage loans (i.e. at least a 20% down payment on a purchase or refinances), slated for June 1 implementation.Currently, borrowers are stress tested against the current mortgage qualifying rate of 4.79%, or...

RELNKS expands platform for realtors

RELNKS expands platform for realtors

RELNKS has enhanced its platform with the introduction of a function that enables users to find realtors who can help them with their home purchase.According to Ryan Poyntz, RELNKS’s vice president of strategic partnerships, the value proposition is a two-way street.“For realtors, it’s a great way to connect with consumers...

OSFI proposal eroding supply gains

OSFI proposal eroding supply gains

The latest Canadian Real Estate Association (CREA) statistics revealed that precious new supply made its way into the country’s housing market last month, and while that should theoretically quell runaway price growth, proposed government intervention to cool the market has rendered that new supply inconsequential.“I have noticed more supply coming...

Central Canadian home prices saw major gains in Q1

Central Canadian home prices saw major gains in Q1

Housing prices in major Central Canadian markets saw double-digit growth last quarter, according to a new report from Royal LePage.Greater Toronto AreaIn the GTA, aggregate home prices were up by 13.1% year-over-year in Q1 to $989,961. Two-storey homes saw 13.6% price gains to reach $1,164,894, and while bungalows rose by...

Western Canadian real estate markets had strong Q1

Western Canadian real estate markets had strong Q1

Vancouver, Calgary and Edmonton all saw single-digit price growth last quarter while Winnipeg’s aggregate home prices grew by double digits, according to a Royal LePage report.Greater VancouverThe most expensive real estate market in Canada saw 9.5% year-over-year growth to the aggregate price of homes, which reached $1,163,276 last quarter. The...

Blockbuster Canadian jobs report for March

Blockbuster Canadian jobs report for March

Blowout Canadian job growth continued in MarchThis morning, Statistics Canada released the March 2021 Labour Force Survey showing much stronger-than-expected job growth for the second month in a row, pointing towards a Q1 growth rate of more than 5.5%. This survey reflected labour market conditions during the week of March...

Tips for industrial real estate investing

Tips for industrial real estate investing

Tenant demand in the GTA’s industrial sector is scorching, and while that makes entry difficult for investors, there are still ways to get in and capitalize on the boom.For example, cannabis companies, perhaps because of the larger industry’s nascence, aren’t regarded as desirable tenants and that makes securing tenancy challenging....

Record home sales in March 2021, new supply increases

Ottawa, ON, April 15, 2021 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in March 2021 as increased supply became available. Summary: National home sales rose 5.2% on a month-over-month (m-o-m) basis in March. Actual (not seasonally adjusted) activity...

A primer on the post-COVID office environment

A primer on the post-COVID office environment

The COVID-19 pandemic might feel like a never-ending nightmare—especially in light of its third wave sparking an additional round of lockdowns—but some semblance of normalcy is, indeed, on the horizon. When that happens, some safety protocols that have been adopted since March of last year will be permanent.According to Melissa...

Junction Triangle readies for rare condo launch

Junction Triangle readies for rare condo launch

There are very few new builds situated near four-way AAA transit intersections in the GTA, let alone in the City of Toronto, but House of Assembly by developer Marlin Spring promises to be one of the few condominium launches that can offer investors such coveted inventory.Arguably more than any other,...

Tips for lowering your cottage insurance premiums

Tips for lowering your cottage insurance premiums

Insuring a cottage can be costly, but there are ways to lower premiums.For starters, says LowestRates.ca’s CEO Justin Thouin, installing a backup power generator at the cottage can help owners secure more favourable insurance policies.“Install a monitor alarm system because it reduces burglary losses, fire, temperature fluctuations like frozen pipes,...

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