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Toronto's luxury housing market is ready to heat up in 2020

Thursday Dec 05th, 2019

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Toronto Real Estate

Luxury home sales in Toronto climbed in the first 11 months of 2019 and, with momentum continuing to build in the market as the year winds down, the outlook for 2020 is looking more and more promising. Much like the rest of the city and surrounding region's housing market, luxury real estate took a big dip in market activity in 2018 after a spectacular - though ultimately unsustainable - 2017 performance. This year started slow, but activity has crept higher in recent months led by... [read more]

Toronto home prices grow at fastest pace in two years

Thursday Dec 05th, 2019

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Toronto Real Estate

Toronto's home prices extended gains in November, and are now accelerating at the fastest annual pace since 2017 as demand continues to outpace a dwindling supply of listings. Benchmark prices on homes sold in Canada's biggest city rose 0.6% in November from October, bringing the increase from a year earlier to 6.8%. The number of transactions also rose with sales up 14% from November 2018. Toronto's housing market has began bouncing back in recent months - driven by a... [read more]

Canadian newcomers represent 1 out of every 5 homebuyers

Wednesday Nov 06th, 2019

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Toronto Real Estate

According to a new survey commissioned by Royal LePage, newcomers represent one in every five homebuyers (21 per cent) in Canada. If the current international migration level is maintained, newcomers are expected to purchase 680,000 homes over the next five years. "In addition to supporting Canada's economic growth, newcomers to Canada are vital to the health of our national real estate market," said Phil Soper, president and CEO of Royal LePage. "The combined demand for... [read more]

Crazy Cottage Rentals For The .00001%

Monday Jul 29th, 2019

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Toronto Real Estate

A sprawling lakeside compound Location: Lake Rosseau, Minett Price: $9,800 per night Beds: 18 A cottage butler may sound over-the-top, but over-the-top basically sums up everything about this lakeside fortress, so it's only fitting that it should come with one. There's over 18,000 square feet of living space between the main cottage and boathouse, plus every possible amenity imaginable. We're talking tennis and basketball courts, a yoga studio, sauna, fitness centre,... [read more]

Ontario government scraps rent control & Toronto doesn't like it

Sunday Dec 09th, 2018

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Toronto Real Estate

Ontario Premier Doug Ford's first-ever fiscal roadmap could have sweeping implications across all aspects of life for almost everyone in the province. Those who earn the most money, for example, no longer have to worry about paying extra income taxes (something proposed by the previous Liberal government that would have generated about $275-million for Ontario). Renters, on the other hand, could eventually end up paying way, way more to live in the city. Effective November 15,... [read more]

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