Toronto home sales jumped again in June, nudging prices higher and narrowing affordable options for buyers. A total of 8,860 homes changed hands in Canada's biggest city in the month, up 10% from the same month a year earlier, the Toronto Real Estate Board reported Thursday. New listings fell 0.4% to 15,816 leading to increased competition between buyers and price increases across certain segments. Benchmark prices, which adjusts for the type of housing sold, rose 3.6% to $798,500... [read more]

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]

Just in time for it's 30th birthday, the InterContinental Yorkville has completed a $12-million renovation of their 212 rooms. The most glamorous of all is the 2,400 square-foot Royal Suite, which boasts an opulent marble double shower and south-facing views over the ROM and the CN Tower. Here's a look around the sprawling suite, which goes for $2,500 a night. InterContinental chose the Atlanta design firm Sims Patrick Studio to oversee the makeover. The firm took... [read more]

If you grew up anywhere on Toronto's west side, you'll likely remember the sprawling Mr. Christie factory and outlet store that abutted south Etobicoke's waterfront and produced the world's favourite cookie for more than 60 years. (You'll at least be able to recognize its iconic water tower.) When demolition of the Lakeshore Boulevard site began in 2017, there was talk of a mega development taking the factory's place, slated to include a transit hub, retail space,... [read more]

Renting a condo in Toronto keeps getting more expensive. The average monthly rent for a condo in the city jumped 7.6% in the third quarter from a year ago to a record high $2,385, according to Urbanation Inc. While the number of new condo rental leases signed grew slightly in the third quarter from last year to 8,186, the market still remains exceptionally tight. Average lease prices in purpose-built rental buildings completed since 2005 in Toronto surged 17% to $3.09 per square foot as... [read more]