#torontorealestatenews

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…

Royal York Property Management

11 Sep: Real Estate News

The right way to buy a home for your adult kids When Ashton Paul was looking for a larger home to settle down, he turned to his parents for help. Mr. Paul, 35, had already proven he could handle the expenses that come with home ownership. In 2009, he gave his parents $70,000 toward a…

Toronto’s-Bloor-Yorkville-Canada’s-priciest-retail-corridor-Royal-York-Property-Management

09 Sep: Real Estate News

Toronto’s Bloor-Yorkville Canada’s priciest retail corridor Toronto’s Bloor-Yorkville neighbourhood is home to the fifth-most expensive retail corridor in North America and a number of factors have lined up to keep it that way, according to a new JLL report. “Bloor-Yorkville is representative of what is happening in the Toronto urban market and high-street retail,” Tim Sanderson,…

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,…

This-Week’s-Top-Stories-Toronto-And-Vancouver-Real-Estate-Sales-Soar-And-Borrowing-Rates-Are-On-The-Decline-Royal-York-Property-Management

29 Aug: Real Estate News

This Week’s Top Stories: Toronto And Vancouver Real Estate Sales Soar, And Borrowing Rates Are On The Decline Canadian Real Estate CMHC: Toronto Real Estate “Highly” Vulnerable, Vancouver StabilizingWarning signs exist for Canada’s real estate markets, but things are improving. The CMHC sees “moderate” vulnerabilities across Canada. Toronto held its rating of “high” vulnerability, due…

News-Royal York Property Management

27 Aug: Real Estate News

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…

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,…