Let's start with the good news since it's the freshest. Toronto apartment rentals saw the slowest rate of price growth in the last two years during the third quarter of this year. Real estate research firm Urbanation, which tracks prices for purpose-built apartments in the region, released new data today that found the average price for a Greater Toronto Area rental apartment was "essentially unchanged" between July and August when compared to the April to May... [read more]

Contractors haven't been building condos and rental apartments at this frenzied rate in nearly 30 years. So says a Bank of Montreal analysis of preliminary housing starts data from Canada Mortgage and Housing Corp. (CMHC) for the month of June. Construction of multi-family dwellings - which include units in condo and rental buildings - roared last month at an annualized rate of about 186,000 starts, or "the highest level on record going back to 1990," writes BMO senior... [read more]

Debbie Ross has the same chance of snagging an affordable apartment in Toronto as she does picking a long-shot at the Kentucky Derby. Ross is hoping to win one of 75 rental apartments in a lottery run by the city's public housing agency. She's up against 3,779 others, so the odds of winning are only about 50:1 but figures it's as good a chance as any of finding a place to live. Long priced out of home ownership, Ross is now being squeezed out of the rental market as the... [read more]

Engel & Völkers today released the results of an original study, "Meet HENRY: Influencing The Next Generation of Wealth." HENRY, an acronym that stands for High Earners Not Rich Yet, represents a niche demographic subset of Millennials and the youngest members of Gen X who have an annual household income of more than $100,000 and the greatest earning potential. For this study, Engel & Völkers surveyed more than 1,000 Millennial HENRY's (born between 1982 and... [read more]

The elegant 41-storey tower will be bursting with amenities for the 64 residences within. When you're located in the heart of Bloor-Yorkville, you're expected to do things with style. So for its luxurious new 50 Scollard project, Lanterra Developments decided it would take things up a notch - or a dozen. Already known for its landmark condo projects across Toronto's downtown, Lanterra worked with award-winning architecture, interior design and landscaping firms for the... [read more]