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
The province's housing market is recovering quicker than anticipated, according to an economist
BILD reports that pent up demand is gradually being released
The credit union's deputy chief economist says lower rates, first-time buyer incentive, and immigration are helping the rebound
Cadillac Fairview's solution for retailers has won the backing of Scale AI
The service will change from The Property Registry to Teranet Manitoba
The Canadian Housing Survey is a new poll from Statistics Canada
But right now, geopolitics is in focus for some real estate investors
Efficiency Canada has published a scorecard revealing the best performers
Fourth quarter sentiment endures despite geopolitical and economic uncertainties
But investment is weak except for the housing sector
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
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