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 leader returns to the firm where he began his career
Home sales were up nearly 10% year-over-year
The commercial real estate fund is a collaboration with BCI and QuadReal
City aims to recoup tax arrears with residential and commercial properties
The homes have been built by Homes for Heroes
GDP was essentially flat in August following a stagnant July
730 units will be managed by non-profits to ensure continued social housing provision
Poll reveals badly implemented tech can lose lenders business
Fusion Centre is a state-of-the-art operations hub in downtown Toronto
The market's CRE is expected to exceed expectations again in 2020
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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