Other (Canada)
Condos
New Pickering Development Sells Out 95% in First Week
In just one week, CentreCourt sold 95% of its pre-construction condo units during the first-phase launch of Pickering City Centre — a sprawling high-rise development planned for the site of the Pickering Town Centre mall.
Sep 23, 2023
Affordable Housing
Toronto Housing Secretariat Says 15,000 Affordable Homes “Stuck” In Development Pipeline
A new report calls on the provincial and federal governments to supply over $15B in funding to get these housing projects off the ground.
Real Estate News
Toronto's Housing Bubble Risk Subsides, But Market Remains Overvalued
Rising interest rates and soaring inflation have helped to quell Toronto’s risk of a housing bubble, but the city’s real estate market remains woefully overvalued.
Real Estate News
GTA New Home Sales Slump To Near-Record Low For August
With just over 700 new home sales recorded in the GTA last month, it was the second-slowest August on record.
Pristine Prince Edward County Property Serves Year-Round Vacation Vibes
Even if you’re not ready to move to cottage country full-time, this just-listed property is the perfect opportunity to tap into Prince Edward County’s robust rental market.
Condos
Condo Insider: Fall 2023 Special
STOREYS has teamed up with the Toronto Star to offer condo insights for the Fall 2023 market.
Real Estate News
"It Was A Mistake": Ford Won't Allow Greenbelt Development After All
"It was a mistake to open the Greenbelt," Premier Doug Ford said on Thursday in a surprising about-face.
Real Estate News
Canadian House Prices To Fall 10% In 2024 As Economy Slips Into Recession
Although talks of recession are certainly loaded with doom and gloom, downcast conditions could tempt the BoC to hold rates at 5% until mid-2024.
Real Estate News
Ontario Post-Secondary Grads Are Delaying Homeownership Due To Student Loan Debt: Poll
The majority of Ontario grads believe that their student debt will make it "much harder" for them to save for a home, a new survey has found.
Affordable Housing
New Home Prices Edge Up In August, But Builders' Faltering Confidence Leads To Annual Decline
Rising construction costs in Calgary led to a monthly increase in new home prices across Canada in August.
Real Estate News
Canadian Home Prices Crept Up In August But “Set To Moderate” In Coming Months
The degree of any price declines “should remain limited thanks to the support of historical demographic growth and the persistent lack of housing supply.”
Economy
Economists Divided Over Future Interest Rate Hikes As Inflation Rises
While some experts think the Bank of Canada will keep rates on hold until next year, others believe the "possibility of multiple further hikes" can't be dismissed.
Real Estate News
Half Of Canadians Think They Will Never Be Able To Buy A Home
The share of Canadians who think they will never break into the housing market has edged up 15% over the past six months, according to a new report.
Real Estate News
Toronto Committee Of Adjustment Delays Add Up To $58K To Renos, Infills: Study
On average, decision timelines for Committee of Adjustment applications ran 95 days, which the study notes is 65 days longer than the 30-day standard required by the Province of Ontario's Planning Act and 32 days longer than the 63-day target set by the City.
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