torontolife

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…

House GTA

02 Oct: Real Estate News

Toronto is now the world’s second most overvalued property market: UB Toronto has emerged as the world’s second most overvalued housing market on the back of low rates and supply shortages, according to UBS AG’s annual global real estate bubble index. Vancouver was sixth in the Swiss bank’s 2019 index that is led by Munich,…

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…

It-Now-Takes-Torontonians-3-Decades-To-Afford-Their-First-Home-Royal-York-Property-Management

27 Sep: Real Estate News

It Now Takes Torontonians 3 Decades To Afford Their First Home For the average millennial, buying homes in Toronto has always been a dream. The city is notorious for having a sky-high real estate market. Unless you’re a one-percenter, chances are you would have a hard time coming up with hundreds of thousands of dollars…

Toronto-getting-richer-as-Canada-gets-poorer-study-finds-Royal-York-Property-Management

20 Sep: Real Estate News

Toronto getting richer as Canada gets poorer, study finds According to a recent study looking at wealth trends in Canada, the average net worth in Toronto went up over the past year, even as the national average went down. But not all of the Toronto area is getting richer. The study, published by Environics Analytics,…

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,…

Real Estate News-Royal York Property Management

16 Sep: Real Estate News

Is Real Estate in Toronto a Good Investment? Toronto has seen crazy high housing prices over the past few years. Everyone has said, “what goes up must come down,” with many experts awaiting the moment the bubble bursts. This is a skeptical view taken by those unwilling to take risks. However, for those real estate…

Real Estate News - Royal York Property Management

13 Sep: Real Estate News

Vacant west-end Toronto condo snapped up in hot market The action Just north of the Kipling GO and TTC stations, a roughly ten-year-old high-rise complex offered a pair of suites in the low $600,000s in mid-July, but because this two-bedroom corner unit was untenanted, it was much easier to schedule visits for prospective buyers. “If…

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,…