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
Expanding real estate firm will have new leadership for mortgage business
An appeal to the zoning bylaw has been dismissed
Vancouver should look at itself not Seattle for rental market answers
Low mortgage rates are bolstering sentiment while costs rise
It's national Realtors Care Week organized by CREA
Economists expect a generally positive market in 2020
Knight Frank index tracks luxury residential prices across global cities
Investment totals in first half of the year were down 70% year-over-year
The retailer still owns a sizeable share of the Lord & Taylor building in NYC
Teranet, National Bank, and Statistics Canada have built new index
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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