#rentalservice

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

08 Nov: Real Estate News

Toronto real estate exits the red zone for the first time in four years, says CMHC Canada’s national housing agency has moved the Toronto region housing market out of the high-risk red zone into the moderate yellow area for the first time since 2015. There are still signs that the area’s market is vulnerable to…

Luxur y-Toronto-real-estate-690x394

06 Nov: Real Estate News

Luxury Toronto real estate sales over $5 million surpass 2018 levels After a soft start to the year, sales of luxury Toronto real estate is on the upswing, surpassing 2018 trough levels. Year-to-date sales in the GTA of freehold and condominium properties priced in excess of $5 million topped 100 units between January and October…

11.04-real-estate-news

04 Nov: Real Estate News

Condo apartments remain among Toronto’s most dynamic asset classes Condominium units are proving to be among Toronto’s most active and lucrative housing segments, with activity during the third quarter of the year spiking up by 11.1% on an annual basis. Data from the Toronto Real Estate Board indicated that the GTA condo apartment sales saw…

Real Estate News

01 Nov: Real Estate News

TCHC buildings to be demolished, rebuilt in planned Queen-Coxwell revitalization The city is set to tear down two crumbling community housing buildings in a bid to transform the Queen East properties into a revitalized mixed-income community that adds even more affordable housing at no cost to taxpayers. Officials announced Monday plans to demolish the Don…

Real Estate News-Royal York Property Management

30 Oct: Real Estate News

Ask An Agent: What Will Real Estate Sales Look Like In 3-5 Years? Andre Kutyan always has an ear to the ground. The Harvey Kalles sales representative has been an agent for 15 years. In 2017, Kutyan was contacted by The Globe and Mail and asked how he was able to get multiple offers on…

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…