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House GTA

02 Oct: Real Estate News

Toronto is now the world’s second most overvalued property market: UB Toronto has emerged as the world’s second most overvalued housing market on the back of low rates and supply shortages, according to UBS AG’s annual global real estate bubble index. Vancouver was sixth in the Swiss bank’s 2019 index that is led by Munich,…

Real Estate News - Royal York Property Management

13 Sep: Real Estate News

Vacant west-end Toronto condo snapped up in hot market The action Just north of the Kipling GO and TTC stations, a roughly ten-year-old high-rise complex offered a pair of suites in the low $600,000s in mid-July, but because this two-bedroom corner unit was untenanted, it was much easier to schedule visits for prospective buyers. “If…

Allowing-property-owners-to-use-secondary-suites-as-short-term-rentals-bad-for-Toronto’s-rental-market-expert-says-Royal-York-Property-Management

30 Aug: Real Estate News

Allowing property owners to use secondary suites as short-term rentals bad for Toronto’s rental market, expert says Allowing property owners to use secondary suites as short-term rentals would encourage more landlords to convert their units to Airbnb-style rentals, rather than providing homes to long-term tenants. And that would exacerbate an already tight rental market and high rents,…

This-Week’s-Top-Stories-Toronto-And-Vancouver-Real-Estate-Sales-Soar-And-Borrowing-Rates-Are-On-The-Decline-Royal-York-Property-Management

29 Aug: Real Estate News

This Week’s Top Stories: Toronto And Vancouver Real Estate Sales Soar, And Borrowing Rates Are On The Decline Canadian Real Estate CMHC: Toronto Real Estate “Highly” Vulnerable, Vancouver StabilizingWarning signs exist for Canada’s real estate markets, but things are improving. The CMHC sees “moderate” vulnerabilities across Canada. Toronto held its rating of “high” vulnerability, due…

A-reset-on-repurposing-Toronto-school-board-real-estate-Royal-York-Property-Management

23 Aug: Real Estate News

A reset on repurposing Toronto school board real estate It’s one of Toronto’s most tangled land use headaches. With 600 properties comprising more than 2,000 hectares, the Toronto District School Board is by far the city’s the largest property owner, but one plagued with systemic trends it has little power to control: long-term enrolment declines,…

GTA-housing-sales-up-24.3-in-July-prices-rise-due-to-tighter-supply-Royal-York-Property-Management

21 Aug: Real Estate News

GTA housing sales up 24.3% in July, prices rise due to tighter supply TORONTO — The Greater Toronto Area‘s home price index was up 4.4 per cent last month as the supply of properties for sale tightened and the number of sales jumped 24.3 per cent from July last year, the Toronto Real Estate Board reports….

Amid-strong-rentals-Toronto-real-estate-investment-holding-strong-Royal-York-Property-Management

19 Aug: Real Estate News

Amid strong rentals, Toronto real estate investment holding strong Strong immigration and employment growth is pushing Toronto’s investment rental property to the forefront, according to Marcus & Millichap’s Q3 2019 Multifamily Market Report covering the GTA. In the first half of 2019 alone, the region saw the addition of 81,600 new jobs to its economy….

Real Estate News

15 Aug: Real Estate News

When Will The Toronto Real Estate Market Crash? As we complete the first half of 2019, we can see that the market has been pretty unpredictable. Toronto saw a price surge in the spring in some areas, and many buyers remain skittish and uncertain due to the mortgage stress test. If you’re wondering when will Toronto real…

Real Estate News

13 Aug: Real Estate News

What Housing Bubble Toronto Realtor Bursts The Bubble Talk Is there a real estate bubble? Toronto realtor Scott Shallow doesn’t believe it—at least not for the Toronto real estate market. “In 2003 we started hearing about a bubble in Toronto. Major bank economists were calling for this bubble all through the 2000s and that has…