Toronto

Ford Gives Toronto $114M For Exceeding Housing Targets
Policy

Ford Gives Toronto $114M For Exceeding Housing Targets

Of the $114M, $38M is an additional bonus for exceeding Toronto's provincially mandated housing target by 51%.

Policy

New Rules For Rooming Houses Go Into Effect In Toronto Next Month

The new rules will go into effect on March 31, 2024, and include a licensing requirement for all rooming house operators.

Industry

Vandyk Group Mired In Another Receivership Order As Lenders Allege $12M In Debt

A receiver has been appointed for unsold units within Vandyk's boutique condominium building in South Etobicoke.

Renting

Canada’s Priciest Rental Markets Continue To Soften In January

By contrast, rental market conditions continued to heat up nationally and in markets heralded for their affordability, according to new national data.

Taxes

Toronto Passes 2024 Budget, 9.5% Tax Hike For Residential Properties

City Council voted in favour of the 9.5% increase to the residential property tax rate when they met on Wednesday to finalize the 2024 budget.

Development Projects

Architectural Transformation Of The ROM To Break Ground This Month

Wednesday marked the launch of OpenROM: a three-year-long project that will see the Royal Ontario Museum’s main floor and Bloor Street entrance reimagined.

Real Estate News

Will Prefab Garden Suites Help Toronto's Housing Affordability? Probably Not

In theory, garden suites make sense for Toronto’s battered housing market, but low adoption rates and high rental prices might indicate otherwise.

Taxes

Toronto Vacant Home Tax Declarations Due At The End Of February

It's that time of year again... here’s what you need to know about declaring the occupancy status of your property ahead of the February 29th deadline.

Construction

Toronto To Begin Construction On Three Housing Now Sites This Year

A report that will be considered at Friday’s CreateTO meeting reveals that development approvals are now in place for 10 sites, with three expected to kick off construction at some point this year.

Policy

“A Total Distraction”: Experts Skeptical As Governments Zero In On Foreign Home Buyers

This week brought separate maneuvers from the City of Toronto and Government of Canada to crack down on foreign home buyers, but housing market stakeholders fear that it’s all not much more than “political feed-good.”

Real Estate News

GTA Home Sales To Surge 17% In 2024, Condo Rental Market To Loosen

The Greater Toronto Area’s housing market is in for a palpable rebound in 2024, with sales expected to clamber upwards and demand-supply conditions on track to tighten as the year unfolds.

Development Projects

First Phase Of Cloverdale Mall Redevelopment Gets The Green Light From City Council

Joint venture partners QuadReal Property Group and Mattamy Homes are set to move forward with the inaugural 33- and nine-storey towers slated for 2 and 10 The East Mall Crescent.