The five- and 10-year averages for price growth in newer downtown Toronto condos is 15% and 8%, respectively. GTA-wide, the 10-year average is also 8%.
At the beginning of the year, no one really knew what would lie ahead for the real estate industry (or any industry for that matter) due to COVID-19. Even experts were stumped on what would happen to the Canadian housing market and what trends they would expect to see.
Several factors are expected to offset the headwinds resulting from the outbreak's impact on the economy, study shows
The coronavirus outbreak is leading to defaults on credit cards, utilities, and telecoms
City calls for policies in place to help unemployed tenants
There was a surge of claims over the weekend according to a new report
With the virus outbreak only just beginning, more disruption is expected
New report compares 35 cities to discover their financial stability
Bowling and basketball tournaments have helped JLL Canada support the charity
CMHC, LAB announce partnership to boost homeownership for First Nation families
The city has proposed policy changes to speed up development
The province will place a lower burden on condo and building owners
Vancouver is one of the cities where trading floors are now bedrooms
CBRE report shows that smaller cities are attracting tech talent
Global ranking puts the Canadian capital ahead of North American peers
A new analysis of US sales data shows the best day to close a purchase is the day after Christmas
RBC has made a multi-year commitment to fund environmental solutions
The real estate portal says searches are down almost 40% this month
New York-based REIT has filed a lawsuit against the bank
Canadian 'Big Six' bank says digital channels are a safer option
Five US real estate bodies have asked mayors and governors to include them in COVID-19 exemptions
The crown corporation says that it is financially prudent in the current circumstances
The new rental supplement will be paid directly to landlords
Signup for our weekly newsletter to get the latest news, updates and amazing offers and delivered directly in your inbox.
Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.
© 2021 Canadian Estate Wealth. All Rights Reserved.