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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…

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…

Real Estate News-Royal York Property Managemnt

25 Sep: Real Estate News

Toronto home sales jump 13% and prices climb 5% as demand outstrips supply A double-digit percentage increase in the number of Greater Toronto Area houses sold last month shows the region’s property market is “quite fine,” according to analysts, as it rebounds from mortgage controls introduced last year that sidelined some buyers. Housing sales in…

What-Is-Driving-Toronto-Real-Estate-Prices-Royal-York-Property-Management

18 Sep: Real Estate News

What Is Driving Toronto Real Estate Prices? The real estate sector can be a real mystery. Prices drive ever higher, drop, and then get back to soaring again with no apparent reason. Or is there a reason? There’s always something responsible for driving up housing prices. For Toronto, the spotlight has returned to detached housing,…

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,…