Category: Uncategorized
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Toronto committee endorses plan to build nearly 6,000 housing units
Toronto's housing committee has approved a $350 million plan to construct 6,000 new rental units citywide. The Rental Housing Supply Program will offer up to $260,000 per unit to expedite 18 affordable housing projects, with construction set to begin within 18 months. The program encourages public, private, and particularly non-profit and Indigenous-led developers. This initiative…
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Check out my listing Address: 30 PIETROWSKI DRIVE
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Can More Apartments Address Toronto’s Housing Crisis? | Watch Today’s Real Estate Updates & Tips
Toronto's committee approved building townhouses and small apartments up to 6 stories on major streets. Concerns arise regarding the plan's effectiveness in addressing the housing crisis due to restrictive zoning bylaws.
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Happy Canada Day | Watch Today’s Real Estate Updates & Tips
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Check out my listing Address: 5009 – 501 YONGE STREET
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4X Delays: 11,500 Toronto Home Projects Stalled | Watch Today’s Real Estate Updates & Tips
There are 60 projects delayed, totalling more than 21,505 units across the Greater Toronto and Hamilton Area (GTHA).In Toronto, specifically, there have been 11,595 delayed units over 29 projects since mid-2022.
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Toronto rent reporting group applauds government’s plan to include rent payments towards credit score.
A rent reporting company in Toronto supports the government's plan to include rent history in credit scores. The proposal aims to help renters by allowing on-time rent payments to be considered in credit reports. This initiative is seen as a positive step towards improving credit scores for renters and increasing access to financial opportunities. Continue…
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Check out my listing Address: 5001 – 501 YONGE STREET
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Toronto’s Spring Favours Homebuyers With Falling Prices | Watch Today’s Real Estate Updates & Tips
Early-Q2 saw a rise in listings, which experienced a shortage of homes for sale leading to a short-term price surge. The number of properties for sale ↑ 47% yearly.
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Record Number of Condos for Sale in the Toronto Area
In May, Toronto had a record number of condominium listings due to investors selling off properties. High interest rates, declining rents, and upcoming condo completions have reduced investor optimism. Condo prices have plateaued recently. House prices and sales were down, with an increase in listings. Regional trends show declines in sales and prices for both…