December 2013 Ontario Economic Fundamentals
- Thread starter Ally
- Start date
- Joined
- Mar 24, 2009
- Messages
- 16,743
Toronto condo rents poised to fall?
There are signs that rents in Toronto's condo market are on the verge of decreasing, at a time when new landlords are already dealing with low returns, a new report says.
The idea that the condo rental market might be tipping in favour of renters runs counter to the general belief among economists and industry experts that the condo rental market is strong, and that rents are rising.
Read the full article here.
There are signs that rents in Toronto's condo market are on the verge of decreasing, at a time when new landlords are already dealing with low returns, a new report says.
The idea that the condo rental market might be tipping in favour of renters runs counter to the general belief among economists and industry experts that the condo rental market is strong, and that rents are rising.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
More density downtown will cut down on gridlock
When last we heard, the Pembina Institute and the Royal Bank were reporting that most suburbanites ` 70 per cent ` had moved to the hinterland because it was the only place they could afford.
`Households are being driven to car-dependent locations,` they said, `mostly because of price rather than neighbourhood preference.`
Read the full article here.
When last we heard, the Pembina Institute and the Royal Bank were reporting that most suburbanites ` 70 per cent ` had moved to the hinterland because it was the only place they could afford.
`Households are being driven to car-dependent locations,` they said, `mostly because of price rather than neighbourhood preference.`
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
The high cost of GTA commuting
Traffic congestion in the GTA is making the drive to work increasingly insufferable for people living in Toronto as well as those who live in the suburbs and commute.
Experts and commuters say the situation is going to get worse as investments in new roads fail to keep pace with suburban growth. What was once a one-way flow into the city in the morning and out again in the afternoon along major arteries like the 401 and Queen Elizabeth Way, is now a two-way street. As jobs have moved to the suburbs, commuters have followed. For many, GO Trains and a patchwork of regional transit services don`t work.
Read the full article here.
Traffic congestion in the GTA is making the drive to work increasingly insufferable for people living in Toronto as well as those who live in the suburbs and commute.
Experts and commuters say the situation is going to get worse as investments in new roads fail to keep pace with suburban growth. What was once a one-way flow into the city in the morning and out again in the afternoon along major arteries like the 401 and Queen Elizabeth Way, is now a two-way street. As jobs have moved to the suburbs, commuters have followed. For many, GO Trains and a patchwork of regional transit services don`t work.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
The $6 billion problem
In a sunny autumn morning in Forest Hill, Koryn Greenspan is hard at work. Her four-legged charges ` two labradoodles, a black Labrador, and a collie ` keep her moving briskly along the Kay Gardiner Beltline trail.
`I like to say that my life has gone to the dogs and my clients. It feels like this is what I`m meant to be doing with my career,` Greenspan said.
Read the full article here.
In a sunny autumn morning in Forest Hill, Koryn Greenspan is hard at work. Her four-legged charges ` two labradoodles, a black Labrador, and a collie ` keep her moving briskly along the Kay Gardiner Beltline trail.
`I like to say that my life has gone to the dogs and my clients. It feels like this is what I`m meant to be doing with my career,` Greenspan said.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Tenant shakeup makes Bloor Street more lux
Canada's priciest street for retailers is undergoing a significant makeover, one that's being driven by an influx of wealthy new condo residents to the neighbourhood.
Toronto's Bloor Street is seeing a stream of new tenants in the Yorkville area and a lengthening of the traditional high-street strip. Retailers that have opened new premises on the street recently include Stuart Weitzman, J. Crew, Brooks Brothers, Mulberry, Dolce & Gabbana and Nespresso.
Read the full article here.
Canada's priciest street for retailers is undergoing a significant makeover, one that's being driven by an influx of wealthy new condo residents to the neighbourhood.
Toronto's Bloor Street is seeing a stream of new tenants in the Yorkville area and a lengthening of the traditional high-street strip. Retailers that have opened new premises on the street recently include Stuart Weitzman, J. Crew, Brooks Brothers, Mulberry, Dolce & Gabbana and Nespresso.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Vancouver moves to endorse housing plan amid rental dispute
Vancouver city council will look to endorse a housing campaign Tuesday pushing Ottawa to develop a long-term housing strategy.
In October, the Federation of Canadian Municipalities launched the campaign Fixing Canada`s Housing Crunch, asking political leaders and businesses to address housing issues.
Read the full article here.
Vancouver city council will look to endorse a housing campaign Tuesday pushing Ottawa to develop a long-term housing strategy.
In October, the Federation of Canadian Municipalities launched the campaign Fixing Canada`s Housing Crunch, asking political leaders and businesses to address housing issues.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Toronto home sales, prices jump to double digit gains in November
Toronto home sales rose 13.9% to 6,391 units in November from the same month the year before, the Toronto Real Estate Board said in an e-mail.
The average price of homes sold during the month rose 11.3% to $538,881, it said.
Read the full article here.
Toronto home sales rose 13.9% to 6,391 units in November from the same month the year before, the Toronto Real Estate Board said in an e-mail.
The average price of homes sold during the month rose 11.3% to $538,881, it said.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Why demand for condos is still strong
Two new reports suggest that a number of factors, ranging from expensive single-family homes to delayed childbearing, are increasing the demand for condos in the Greater Toronto Area.
Condominiums are being constructed faster than demographic needs would suggest, but several factors are increasing demand while construction will `likely` slow, says a Royal LePage report to be released on Tuesday. Those factors include increased traffic and transit congestion, which are spurring people to live closer to where they work, delayed marriage and childbirth, and immigration from countries where people are used to living in more confined quarters.
Read the full article here.
Two new reports suggest that a number of factors, ranging from expensive single-family homes to delayed childbearing, are increasing the demand for condos in the Greater Toronto Area.
Condominiums are being constructed faster than demographic needs would suggest, but several factors are increasing demand while construction will `likely` slow, says a Royal LePage report to be released on Tuesday. Those factors include increased traffic and transit congestion, which are spurring people to live closer to where they work, delayed marriage and childbirth, and immigration from countries where people are used to living in more confined quarters.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Home sales dip in Waterloo region in November
WATERLOO REGION ` House sales dipped in Waterloo Region in November, but local real estate agents continue to be on pace to exceed 2012 sales totals this year.
The Cambridge Association of Realtors recorded 206 sales last month, down one per cent from 208 in the same month a year ago.
Read the full article here.
WATERLOO REGION ` House sales dipped in Waterloo Region in November, but local real estate agents continue to be on pace to exceed 2012 sales totals this year.
The Cambridge Association of Realtors recorded 206 sales last month, down one per cent from 208 in the same month a year ago.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
2013 a year of 'pleasant surprises' for housing market
Toronto`s housing market continues to defy skeptics, Calgary`s is upward and onward, Vancouver has `sprung back to life` and Montreal remains a relative bargain, says a BMO Capital Markets assessment of `a year of pleasant surprises` on Canada`s real estate front.
In fact, the market has `pulled up sharply` from last year`s downturn and `is cruising at an above-normal altitude,` says BMO senior economist Sal Guatieri in a cross-country checkup on four key housing markets.
Read the full article here.
Toronto`s housing market continues to defy skeptics, Calgary`s is upward and onward, Vancouver has `sprung back to life` and Montreal remains a relative bargain, says a BMO Capital Markets assessment of `a year of pleasant surprises` on Canada`s real estate front.
In fact, the market has `pulled up sharply` from last year`s downturn and `is cruising at an above-normal altitude,` says BMO senior economist Sal Guatieri in a cross-country checkup on four key housing markets.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
- Joined
- Mar 24, 2009
- Messages
- 16,743
- Joined
- Mar 24, 2009
- Messages
- 16,743
Toronto's condo market is a real estate haiku
If you read articles about the Toronto condominium market, you`ll see words like glut, oversupplied, overbuilt, overheated, frothy, bubble, crashing, or doomed and you`ll read the same experts and the same article that has been written every month, in every major publication in Canada, for the past five years. I try to bring an alternative perspective ` from former talking head and Toronto condo research guru, to financier and developer. The difference now is I have much more on the line, if I say the Toronto condominium market is healthy, I better truly believe it, because we are investing our clients` dollars, and we can`t afford to lose them. In a business predicated on word of mouth and repeat business, being correct and investing in smart projects is paramount. No one remembers what a housing analyst said two years down the road, but people NEVER forget if you lose their money.
Read the full article here.
If you read articles about the Toronto condominium market, you`ll see words like glut, oversupplied, overbuilt, overheated, frothy, bubble, crashing, or doomed and you`ll read the same experts and the same article that has been written every month, in every major publication in Canada, for the past five years. I try to bring an alternative perspective ` from former talking head and Toronto condo research guru, to financier and developer. The difference now is I have much more on the line, if I say the Toronto condominium market is healthy, I better truly believe it, because we are investing our clients` dollars, and we can`t afford to lose them. In a business predicated on word of mouth and repeat business, being correct and investing in smart projects is paramount. No one remembers what a housing analyst said two years down the road, but people NEVER forget if you lose their money.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Barrie housing starts drop slightly
Housing starts in the Barrie Census Metropolitan Area (CMA) were trending at 999 units in November, down from 1,019 in October according to Canada Mortgage and Housing Corporation (CMHC).
The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Read the full article here.
Housing starts in the Barrie Census Metropolitan Area (CMA) were trending at 999 units in November, down from 1,019 in October according to Canada Mortgage and Housing Corporation (CMHC).
The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Ontario rental market update
TORONTO, ONTARIO--(Marketwired - Dec. 12, 2013) - The rental apartment vacancy rate[sup]1 in Ontario urban centres[sup]2[/sup] was 2.6 per cent in October, 2013, essentially unchanged3[/sup] from 2.5 per cent in October, 2012 according to the Fall Rental Market Survey released today by Canada Mortgage and Housing Corporation.
Read the full article here.
TORONTO, ONTARIO--(Marketwired - Dec. 12, 2013) - The rental apartment vacancy rate[sup]1 in Ontario urban centres[sup]2[/sup] was 2.6 per cent in October, 2013, essentially unchanged3[/sup] from 2.5 per cent in October, 2012 according to the Fall Rental Market Survey released today by Canada Mortgage and Housing Corporation.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
2014 could be the turnaround year for the Toronto housing market
The coming year could be turnaround time for Toronto`s housing and rental markets.
With a surprisingly unpredictable 2013 coming to an end, economists are weighing in on what the future could hold. While opinions vary somewhat, there seems general agreement that house price gains will slow ` if not slip by the end of 2014 ` and the rental vacancy rate should edge up slightly as a record number of new condos come on the market.
Read the full article here.
The coming year could be turnaround time for Toronto`s housing and rental markets.
With a surprisingly unpredictable 2013 coming to an end, economists are weighing in on what the future could hold. While opinions vary somewhat, there seems general agreement that house price gains will slow ` if not slip by the end of 2014 ` and the rental vacancy rate should edge up slightly as a record number of new condos come on the market.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Waterloo region rental apartment vacancy rate rises slightly
WATERLOO REGION ` The rental apartment vacancy rate in Waterloo Region increased slightly to 2.9 per cent in October, the Canada Mortgage and Housing Corp. said Thursday.
The vacancy rate was 2.6 per cent a year earlier.
Read the full article here.
WATERLOO REGION ` The rental apartment vacancy rate in Waterloo Region increased slightly to 2.9 per cent in October, the Canada Mortgage and Housing Corp. said Thursday.
The vacancy rate was 2.6 per cent a year earlier.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Rental market update in KWC
TORONTO - The rental apartment vacancy rate(1) in the Kitchener-Cambridge-Waterloo Census Metropolitan Area (CMA) was 2.9 per cent in October, 2013, relatively unchanged(2) from 2.6 per cent in October 2012. The rental apartment vacancy rate(1) in the Guelph CMA was 1.9 per cent in October, 2013, up from 1.4 per cent in October, 2012 according to the Fall Rental Market Survey released yesterday by Canada Mortgage and Housing Corporation.
Read the full article here.
TORONTO - The rental apartment vacancy rate(1) in the Kitchener-Cambridge-Waterloo Census Metropolitan Area (CMA) was 2.9 per cent in October, 2013, relatively unchanged(2) from 2.6 per cent in October 2012. The rental apartment vacancy rate(1) in the Guelph CMA was 1.9 per cent in October, 2013, up from 1.4 per cent in October, 2012 according to the Fall Rental Market Survey released yesterday by Canada Mortgage and Housing Corporation.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Toronto apartment vacancy unchanged
The rental apartment vacancy rate in the Toronto Census Metropolitan Area (CMA) remained mostly unchanged, slightly dipping from 1.7 per cent in October 2012 to 1.6 per cent in 2013, according to the latest Fall Rental Market Survey by the Canada Mortgage and Housing Corporation (CMHC).
Read the full article here.
The rental apartment vacancy rate in the Toronto Census Metropolitan Area (CMA) remained mostly unchanged, slightly dipping from 1.7 per cent in October 2012 to 1.6 per cent in 2013, according to the latest Fall Rental Market Survey by the Canada Mortgage and Housing Corporation (CMHC).
Read the full article here.