REIT is upgrading all of its buildings to WELL standards, which are considered premier for indoor air quality and employee wellness across North America.
"What we are about to experience is not a single recovery. It is going to be a series of recoveries," says Jan De Silva, president and CEO of the Toronto Region Board of Trade.
A report from RBC's senior economist, Robert Hogue, doesn't foresee any issues arising for existing homeowners, however, the same cannot be said for first-time homebuyers.
Q4 economic growth was much stronger than expected. This could help explain why interest rates have risen so fast recently and could portend a more optimistic statement from the Bank of Canada next week.
Despite buying activity decelerating in May, the average selling price still crept up by 1.1% month-over-month to reach a record $1,108,453 thanks to new listings decreasing in April.
"There’s a hidden gem: mixed-use commercial properties in downtown Hamilton that might be able to be converted into residential properties."
"How do you fix supply? That’s a really difficult question because of the amount of time it takes and the cost inputs," says Dustan Woodhouse, president of Mortgage Architects.
Some operators are essentially paying property taxes that reflect their values in 2016, not their present-day, revenue-depleted circumstances.
“We’ve seen an almost 50% increase in home renovation projects during COVID,” said Lawrence Krimker, CEO of Simply Group and owner of SNAP Financial.
The First-Time Home Buyer Incentive has been modified to improve income qualification. These changes raise the maximum household income from $120,000 to $150,000.
“The easiest way to prove to people you can help them is to just start helping them, no strings attached,” said Craig Proctor, the master realtor who revolutionized the team concept.
According to a recent Equifax survey, 9% of respondents admitted they weren’t fully truthful on their mortgage applications and that Millennials were more comfortable with the idea of falsifying information.
Investing in a smaller unit like a studio condominium may be the safest bet for investors in an expensive market like Toronto. According to these experts, here's the cash flow you can expect to see.
Following the third wave of COVID, Statistics Canada released a labour survey outlining that both part-time and full-time employment declined.
This is how long it takes in years to save for a down payment in each of these major cities in Canada. And yes, it's a long time!
According to an Urbanation report, preconstruction condo sales in the City of Toronto climbed to 2,886 in the first quarter of the year from 2,829 in Q1-2020.
"Every time I talk to my older clientele who have kids, the first thing they always say is, ‘I don’t know how my kids will ever afford a home," says the broker of record at Stomp Realty in Toronto.
“We expect intense upward price pressure to persist nationwide in the near term,” said Robert Hogue. "Further moderation in activity will not be sufficient to rebalance markets."
Vertical Marketing Realty helps developers with everything from their pricing strategies and market research to actual sales, marketing, project management and building design.
According to Point2 Homes’ 2021 Homebuyer Survey, 51% of Canadian respondents said they have no worries buying while 44% said they're unsure when they'd buy due to low inventory and high prices.
"Recent jobs data show that workers in contact-sensitive sectors have once again been most affected. The employment rate remains well below its pre-pandemic level, with low-wage workers, youth and women continuing to bear the brunt of job."
Even amid the pandemic, there are plenty of advantages to investing in real estate. Here's what Cliff Fraser, chief business development officer of Burlington, Ontario-based Equiton Inc., has to say on the matter.
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