rentalmanagement

11.13-real-estate-news

13 Nov: Real Estate News

Councillor calls on the city to mull vacancy tax after man does own study of empty condos It’s time for the city to consider whether to impose a vacancy tax on empty residential properties as a way to increase the supply of rental housing, a city councillor says. Coun. Ana Bailao’s comments come after a…

Real Estate News - Royal York Property Management

11 Nov: Real Estate News

They came here as immigrants. Now, they’re giving back by leasing a huge property to the city to house refugees For six years, Ali Mesgarzadeh lived in limbo in the United States, unable to return to his home and family in Tehran during the turmoil of the Iranian Revolution and later the Iran-Iraq War. Then…

Real Estate News

28 Oct: Real Estate News

The Pros And Cons Of Renting-To-Own A Home In Toronto Toronto is one of the most expensive real estate markets in the entire country, pricing many would-be buyers out of the market. According to the Toronto Real Estate Board (TREB), all home types in the GTA of late have an average price of $843,115. So, saving…

Canada’s-Real-Estate-Market-Experiencing-The-Boomerang-Effect-Royal-York-Property-Management

25 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 per cent to $805,500 this September compared to the same time last year. That’s…

Real Estate News-Canada’s Real Estate Index: A Slow And Steady Climb

23 Oct: Real Estate News

Canada’s Real Estate Index: A Slow And Steady Climb Canada’s real estate market has been in recovery for a while now. With the exception of Western Canada, growth has been steady, the climb has been slow-moving – which is not a bad thing. This week the Teranet – National Bank of Canada House Price Index showed that real estate prices have…

10.21-real-estate-news-Nlevinson

21 Oct: Real Estate News

Toronto real estate industry must adapt to survive – PwC Amid a robust and ever-changing market, Toronto’s real estate sector must learn to quickly adapt to the multiple factors influencing tenant expectations, PwC stated earlier this month. In particular, the industry should explore the multiple possibilities in construction, especially in the realms of co-working space…

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

11 Oct: Real Estate News

The Number of Vacant Properties is Dropping in Toronto More than 66,000 homes in the Toronto real estate market are vacant, according to a report by Point2 Homes. The analysis shows the evolution of empty properties in the largest 150 Canadian urban centres between 2006 and 2016. Titled “Ghost” Homes Across Canada: A Decade of Change in 150 Cities,…

Property developers step up residential construction as housing market emerges from deep freeze

09 Oct: Real Estate News

Property developers step up residential construction as housing market emerges from deep freeze Ontario — which needs ‘every last unit at this point’ — and B.C. lead the boom fuelled by population inflows and resilient economies Canada’s housing industry is booming with construction permits surging as developers respond to strong demand, according to new data…

Real Estate New-Royal York Property Management

30 Sep: Real Estate News

Muti-million-dollar commercial deal in Toronto finalized Scheduled to close by the end of this month, a multi-million-dollar transaction is attesting to the strong demand for Toronto’s retail spaces. Earlier this week, Choice Properties Real Estate Investment Trust announced that it has cemented an agreement to sell a 30-property portfolio to a third-party buyer. “We are…