Nearly a year after the Toronto Real Estate Board lost its appeal to the federal Competition Bureau over the issue of sold data, it turns out its privacy concerns were valid. Sotheby's International Realty Canada's 2019 Mid-Year Real Estate Report revealed a 19% year-over-year sales delcine in the MLS listings of Toronto homes priced over $4-million, but it doesnt tell the whole story, says Don Kottick, Sotheby's president and CEO. "We're starting to see in the... [read more]

A ballroom, forested grounds and quick access to the golf course are a few of the features being touted by the listing agents tasked with selling some of the most expensive homes currently listed in the Greater Toronto Area. 1. 1150 Lakeshore Road East, Oakville Asking price: CAD $59,000,000 The home: Downtown Abbey is quaking at the sight of this 43,850 SF English country-style mansion on Lake Ontario. The 10 acres of lawn and gardens to frolic in makes Chelster Hall the perfect... [read more]

EXPECT TORONTO TO FOLLOW SUIT IF VANCOUVER'S 'VERY AGGRESSIVE' SPECULATION TAX ON PROPERTY SUCCEEDS Naomi Powell, National Post Image courtesty of: Google All eyes in Toronto will be on Vancouver after British Columbia introduced new tax measures designed to crack down on housing speculation and relieve a growing affordability crisis in the market.  In its first full budget, B.C.'s NDP government created a new annual tax on investors who own empty properties... [read more]

FORMER HUDSON'S BAY PRESIDENT BONNIE BROOKS IS SELLING HER SWANKY YORKVILLE CONDO Steve Kupferman, Toronto Life Image courtesty of: Sotheby's International Realty As president and, later, vice-chair of Hudson's Bay Company, Bonnie Brooks helped transform the chain from a tired mall retailer into a national fashion brand powerful enough to swallow Saks whole. Although she resigned her role at the company in 2016, she still has a number of high-profile positions, including a... [read more]

RIOCAN TRANSFORMING SOME RETAIL SHOPPING CENTRES INTO MIXED USE COMMUNITIES WITH RENTAL, CONDO UNITS The Canadian Press, Financial post Image courtesty of: Derek Ruttan / The London Free Press / Postmedia Network RioCan Real Estate Investment Trust says it will turn some of the retail shopping centres in its portfolio into mixed-use communities that have the potential for more than 20,000 residences in six major Canadian markets. The announcement of the RioCan Living brand... [read more]