According to a new survey commissioned by Royal LePage, newcomers represent one in every five homebuyers (21 per cent) in Canada. If the current international migration level is maintained, newcomers are expected to purchase 680,000 homes over the next five years. "In addition to supporting Canada's economic growth, newcomers to Canada are vital to the health of our national real estate market," said Phil Soper, president and CEO of Royal LePage. "The combined demand for... [read more]

It would be easy to mistake the lobby of the One o One condos in midtown Toronto for a nightclub or graffiti-splashed alley. Instead of the muted colours and cookie-cutter designs that fill many condo buildings, developer Camrost Felcorp hired Toronto artist Anthony Ricciardi to create seven murals splattered with bright paint and a rainbow of drip marks. The flashy pieces put the building in a growing group of condo complexes whose hallways, lobbies and outdoor grounds are being... [read more]

Cumberland Terrace Tells The Story of Yorkville at a Glance. While most time capsules are buried in the foundations of buildings, their contents to be revealed at some future date, Cumberland Terrace is a living (if barely breathing) piece of Me Decade retail architecture frozen in time. Promoted as "the nicest way from Yonge to Bay" when it opened in October 1974, the mall's resistance to modernization - orange and brown tiles, large banks of phones, signage for... [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]

Grammy award-winning artist, songwriter and producer Pharrell Williams is collaborating with developers on a new midtown Toronto condominium project. Westdale Properties and Reserve Properties launched the marketing for their two-tower residential development, called untitled., today during a press event in Yonge-Dundas Square. Williams, who introduced the project via video on the screens across the public square, partnered with the developers on the design and creative elements of the... [read more]