It's now in a class of  cities with booming tech industries and rapidly rising house prices, a new forecast says. Toronto's housing market has seen a marked slowdown since a new non-resident tax successfully pushed many foreign buyers out, but a forecast from real estate agency Engel & Völkers says a new phenomenon is about to take over as the driver of Toronto's housing boom: The tech industry. The influx of tech companies into Toronto's downtown core in... [read more]

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]

It may not be a glorious sight, but the sight shows a bright future: Right now, Toronto has the most construction cranes in North America - which indicates massive development. Toronto has an estimated 97 active construction cranes as of July 2018, according to the recent Rider Levett Bucknall Index (RLB Crane Index). This means the city has more than double the number of cranes of Chicago, four times as many as San Francisco and about five times as many cranes as New York City. In fact,... [read more]

5 REASONS WHY THE TORONTO LUXURY CONDO MARKET IS ABOUT TO EXPLODE "The Ritz Carlton continues to be one of the best bargains in Toronto. I think, in time, we will look back in future years in disbelief at the prices that people are getting these units for..." I wrote those words in the fall of 2012. At the time, units at the Rtiz Carlton (183 Wellington) were going for around $700 per square foot. I urged my clients to invest in the building, arguably one of the most... [read more]

HOW MUCH IS DRAKE'S ENDORSEMENT WORTH TO TORONTO? "I got real ones livin' past Kennedy Road." Drake, "Energy" Only Drake can make Scarborough seem exotic, creating a mythology of Toronto's inner suburb through his lyrics and flow. The rapper may have started from the bottom (in Forest Hill), but as his music fortunes rose he took his beloved city with him. There is his three-day OVO Fest at the Molson Amphitheatre. His ambassadorship... [read more]