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Real Estate News-Royal York Property Management

18 Oct: Real Estate News

Time To Get Dirty Money Out Of Canadian Housing Market Keeping the Canadian dream of home ownership within reach has become a key issue in the 2019 federal election and rightly so. Home ownership rates in Canada are on the decline for the first time in history as young families struggle to do what generations…

Real Estate New-Royal York Property Mangement

16 Oct: Real Estate News

Canada’s Real Estate Market Experiencing The Boomerang Effect Real estate brokers are balancing sleepless nights with black tie launches as the bids keep rolling in. Canada’s real estate market has almost returned to its 2017 heyday as benchmark prices in Toronto jumped 5.2 percent to $805,500 this September compared to the same time last year. That’s only…

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…

Royal York Property Management

11 Sep: Real Estate News

The right way to buy a home for your adult kids When Ashton Paul was looking for a larger home to settle down, he turned to his parents for help. Mr. Paul, 35, had already proven he could handle the expenses that come with home ownership. In 2009, he gave his parents $70,000 toward a…

Toronto’s-Bloor-Yorkville-Canada’s-priciest-retail-corridor-Royal-York-Property-Management

09 Sep: Real Estate News

Toronto’s Bloor-Yorkville Canada’s priciest retail corridor Toronto’s Bloor-Yorkville neighbourhood is home to the fifth-most expensive retail corridor in North America and a number of factors have lined up to keep it that way, according to a new JLL report. “Bloor-Yorkville is representative of what is happening in the Toronto urban market and high-street retail,” Tim Sanderson,…

Real Estate News-Royal York Property Management

05 Sep: Real Estate News

GTA seniors delaying downsizing, putting housing squeeze on younger people: study A growing trend among Toronto-area seniors to delay downsizing efforts and remain in their homes for longer could indicate future housing pressures for younger generations, a new report said Thursday. The Canada Mortgage and Housing Corporation analyzed 10 years worth of housing data among residents…

Real Estate News Royal York Property Management

03 Sep: Real Estate News

Elevated immigration fuels GTA rental market Apartment investment insights from Marcus & Millichap A strong GTA rental market fuelled by favourable demographics lifted transaction velocity 8 per cent over the four quar­ters ending at mid-year 2019, according to a new report from Marcus & Millichap Real Estate Investment Services. Citing widespread buyer activity and elevated interest…

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…

News-Royal York Property Management

27 Aug: Real Estate News

Why house prices are unlikely to rise any time soon Two years ago, the Canadian housing market experienced one of its hottest springs ever, with prices in cities like Toronto and Vancouver rising at an alarming rate. But since then, real estate has lost its sizzle, thanks to the implementation of foreign buyer taxes, higher…