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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…

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….