Cabbagetown residents are, yet again, against another proposed development in their community, except this time the uproar is about a daycare- yes, you read correctly…a daycare. The neighbourhood, located in Central Toronto, is encircled by historic Victorian-era multi-unit houses, one of which developers would like to convert into a daycare space for children. The proposed […]
Last Wednesday, The Toronto Real Estate Board released its market figures for the month of March, and the findings are not looking too hot for Toronto’s housing market. The report, which displays home sales and prices across the Greater Toronto Area (GTA), shows a steep decline with residential sales dropping nearly 40 per cent, while […]
The Toronto Real Estate Board (TREB) called out all three major provincial parties, urging them to engage in a constructive and vigorous housing policy debate before the upcoming election in June. With issues in the housing rental and ownership markets dominating headlines in the Greater Toronto Area and Greater Golden Horseshoe Area (GGHA) over the […]
Multi-generation households, or in other words, households that include at least three different generations, are the fastest growing type of home in Canada. A few of the factors contributing to this rise are: increasingly high single dwelling housing costs, vast migration to dense urban areas, young adults living at home longer, and an ageing population […]
Toronto’s housing climate is becoming simply unrealistic for many individuals. Young Torontonians and new entrants to the job market are faced with skyrocketing rental prices and high costs of living. Average rent prices for a one-bedroom hit $2,020 this year, making Toronto the most expensive city in Canada to rent. According to LowestRates.ca, the average […]
The rise of the ‘YIMBY’ movement is becoming increasingly prominent as more millennials are making their voice heard. In contrast to the well-known NIMBY (Not In My Backyard) movement, which categorizes those who oppose development projects that take place in their neighbourhood, YIMBY (YES In My Backyard) supports those development projects. In the eyes of […]
It was a rough month for Toronto home sales, which saw a 22% downfall to 4,019 units sold in comparison to year prior, which was sitting at a record setting 5,155 sales. The Toronto Real Estate Board (TREB) released data earlier this week, stating this was the weakest month of sales for January since 2009. […]
Following a couple hot years, Toronto’s housing market is expected to slow down in 2018. The Toronto Real Estate Board (TREB) released its annual forecast last Tuesday, predicting the number of home sales will remain flat or potentially drop this year. According to the forecast, in 2016 the number of residential sales in Toronto reached […]
Toronto rental rates are on the rise, surpassing Vancouver as the most expensive city to rent in Canada. New condominium developments have been going up around the city but so have the prices, making finding a home ever-more difficult. According to the January 2018 Canadian Rent Report by Padmapper, a rental data website, a one-bedroom […]
Frigid temperatures started off the new year as Toronto got hit with the ‘weather bomb’ that swept through from the east coast and knocked out power to thousands. Temperatures reached negative double digits which sent Toronto scrambling to find emergency shelters for the homeless. As we enter the peak season for shelter occupancy, questions arise […]
