Other (Canada)
Renting
Roommate Rental Listings Up Nearly 50% Across Major Canadian Markets
“Vancouver and Toronto […] have experienced a notable increase in condo units where owners are subletting spare bedrooms. Additionally, condo investors in these cities are listing individual bedrooms within larger units, thereby offering lower asking rents to attract prospective tenants.”
Oct 11, 2024
Renting
Canadian Rent Growth Slows To 3-Year Low As International Student Enrolments Plunge
Urbanation President Shaun Hildebrand notes that foreign student enrolments have dropped off “by roughly a half from their record highs,” and that the effects have been felt most in Ontario and BC.
Development Projects
A Soaring 3-Tower Development Is Headed For Flemingdon Park
The 44-, 47-, and 49-storey project comes from Toronto-based developer Stanford Homes and could bring 1,833 residential units to the North York neighbourhood.
Urban Living
What’s Open And Closed On Thanksgiving Weekend In Toronto
Many businesses and services will be closed on Thanksgiving Monday, while others will observe modified hours.
Elegance Meets Modern Charm At This Serene Summerhill Family Home
Sitting pretty on one of Summerhill’s most coveted streets, 109 Roxborough Street West is a prime example of century home elegance merged with modern-day charm.
Industry
Midtown Preconstruction Project Hit With Receivership Over $53M Debt
The debts accrued during the planning approvals stage for a 10-storey mixed-use development set for Eglinton Avenue West.
Real Estate News
Is This (Finally) The Bottom?
For more than two years, the GTA real estate market – from new builds to resale – has been on a downward trajectory. Has that finally changed?
Industry
CBRE To Broker Sale Of High Park Church Conversion Under Receivership
Construction on the High Park site has not advanced since late 2023 when the trade contractors abandoned the project “due to liquidity challenges and other delays.”
Mortgages
Refinancing 90% Of A Home’s Value Could Lead To "Massive" Debts
On Tuesday, the Government of Canada announced a new insured mortgage refinancing product that is causing some in the real estate industry to scratch their heads.
Mortgages
“All About Gentle Density”: Feds Unveil New Mortgage Refinancing For Secondary Suites
Somewhat jarringly, the product will allow eligible homeowners to access up to 90% of their property’s value, including the value added by the secondary suite, with a property value limit up to $2 million.
Development Projects
Revised Plans Filed For 18-Storey Little Portugal Mixed-Use Development
The updated plans from Hullmark would increase the original storey count from 15 to 18, while adding an additional 32 units, among other changes.
Finance
How The Numbers Behind Mortgage Switching Might Change Amid OSFI’s New Rules
Eliminating the stress test from renewals with a new lender not only makes things easier for borrowers, but facilitates more competition in the financial sector.
Development Projects
UofT's Historic Stewart Building Could Be Gaining 60 Storeys
The proposed plans envision a soaring structure with student residences, residential units, and expanded institutional space.
Listed Luxe
$6M In State-Of-The-Art Renos Meet Opulent History At This Baby Point Mansion
With its cobblestone drive, pitched cedar roof, and brick chimneys, the home appears to be plucked from the pages of a fairy tale book.
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