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]

Debbie Ross has the same chance of snagging an affordable apartment in Toronto as she does picking a long-shot at the Kentucky Derby. Ross is hoping to win one of 75 rental apartments in a lottery run by the city's public housing agency. She's up against 3,779 others, so the odds of winning are only about 50:1 but figures it's as good a chance as any of finding a place to live. Long priced out of home ownership, Ross is now being squeezed out of the rental market as the... [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]

Yes, a castle. Hockey Hall of Famer and Pittsburgh Penguins owner Mario Lemieux has put his luxury home in Mont Tremblant, Quebec on the market for an asking price of $21,999,066. Said to be inspired by Quebec City's Chateau Frontenac, the 16,794-sf home has 50 different rooms, including eight bedrooms and nine bathrooms, on 5.25 acres of land. Some of the highlights of the property, known as Chateau Fleur de Lys, include: 17 fireplaces 9 bathrooms 8 bedrooms, all with a... [read more]

Toronto's home prices extended gains in November, and are now accelerating at the fastest annual pace since 2017 as demand continues to outpace a dwindling supply of listings. Benchmark prices on homes sold in Canada's biggest city rose 0.6% in November from October, bringing the increase from a year earlier to 6.8%. The number of transactions also rose with sales up 14% from November 2018. Toronto's housing market has began bouncing back in recent months - driven by a... [read more]