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…
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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 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,…
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…
Landlords, Housing Advocates Hope Council Loosens ‘Arbitrary’ Rules on Secondary Suites When Shelley Kanitz bought a small Toronto bungalow in 2016, she had two big plans for it: A massive renovation and a legal basement rental suite. After spending nearly two years rebuilding the house from the ground up, Kanitz’s family — including her husband…
