DESPITE RECORD UNAFFORDABILITY, 84% OF CANADIAN MILLENNIALS STILL DREAM OF HOME OWNERSHIP Sarah Niedoba, BuzzBuzzNews Image courtesty of: Getty Canadian milliennials looking to buy their first home in 2018 face some of the worst housing affordability in years. But according to a new report, the vast majority still consider homeownership a worthwhile goal. Zoocasa's 2018 Housing Trends Report found that 84% of Millennials surveyed felt that owning a home was an important life... [read more]

HOW MUCH OF A VALUE-ADD IS SMART HOME TECHNOLOGY? Neil Sharma, Canadian Real Estate Wealth Magazine Image courtesty of: Realty Biz News While Canadians have been slow adopters of smart home technology, the luxury market has embraced it with gusto - and condominium developers have taken note. Additionally, smart home technology augments a home's value, says Forest Hill Real Estate broker Matt Smith. "Any time technology can save time, money and energy, there is a major... [read more]

HOUSING SLOWDOWN? NEW CONDO SALES ARE BOOMING IN TORONTO Matt Lundy, The Globe and Mail Image courtesty of: Toronto Star Toronto's resale housing market has cooled off considerably since Ontario's move to rein in frenzied activity. Meanwhile, demand is only increasing for new condo units.  Sales of new condos in the census metropolitan area totalled 12,138 in the second quarter, up 62% from a year earlier, according to data provided by BMO Nesbitt Burns. Inventory... [read more]

HISTORIC DOWNTOWN TORONTO BANK LISTED FOR $1 Josh Sherman, BuzzBuzzNews Canada  Image courtesty of: Staff, TorStar News Service A century-old vacant Toronto bank designed by the architect behind local landmarks Old City Hall and Casa Loma is on the market for a loonie.  For the past 15 years, the E.J. Lennox-designed structure at 205 Yonge Street has stood vacant. That could soon change if the seller's plan to offload the former Bank of Toronto branch pans... [read more]

THIS COHORT IS QUIETLY CHANGING THE CONDO MARKET Neil Sharma, Canadian Real Estate Wealth Image courtesty of: Independent.co.uk Much has been written about first-time buyers flooding the condo market, but boomers, too, are having a considerable impact, as reflected in prices. In fact, given the home equity they've built over the decades, baby boomers have become a force in Toronto's luxury condo market. "The increased demand, coupled with low inventory levels, has... [read more]