Real Estate News

National vacancy rate falls, demand still outpacing supply: CMHC

Canada’s overall vacancy rate dropped for a second year in a row, as demand for rental housing grew at a faster pace than supply, according to the Canada Mortgage Housing Corp. In its annual rental market survey, the housing agency said Wednesday in 2018, the vacancy rate across the country
Real Estate News

THESE CANADIAN HOUSING MARKETS TOOK A BEATING IN 2018. WHAT DOES 2019 HAVE IN STORE?

2018 began with a steep nationwide drop in housing activity. Stricter mortgage qualification rules pushed buyers to the sidelines, as year-over-year double-digit sales decreases became the norm. Of course, some markets had a rougher year than others. Toronto, with its strong early-2017 performance, had a particularly cool start to the
Real Estate News

It did seem too good to be true’: Ontario family warns of rental scam

A stunning, move-in ready, three-bedroom home in north London, backing on to a tranquil forested area with a monthly rent of $1200: it was Amy Kuenzel’s dream come true for her family of five. She spotted the ad on Craigslist in November and quickly reached out to the owner to
Real Estate News

As Toronto gets more and taller condos, the city is left grappling with shadows

When Lynne Craigmyle moved into her Yonge and Eglinton-area condo five years ago, she had a wonderful unobstructed view and lots of sunlight streaming through her west-facing balcony.But since then, new high-rise condo towers on her street, including a 34-storey building on the northeast corner of Roehampton Ave. and Yonge