Torontonians are witnessing a new phase in the perennial battle between the city’s east and west ends, as the east side is now being pegged – the new area to watch.
The huge swath of prime real estate, which stretches from east of Yonge Street in downtown to just short of central Scarborough, is seeing a flurry of new residential and retail developments taking shape, with several already having broken ground.
Hamilton keeping and supporting the next generation of businesses
McMaster University, Innovation Factory and Mohawk College are opening a business accelerator in downtown Hamilton.
The partners have secured a location at 245 James St. N., in a commercial block between Robert Street and Barton Street, in the heart of the district that is leading Hamilton’s urban renewal.
We've been talking about this inevitability at REIN for 5+ years... And some have even criticized us. Yet the reality is the reality. Higher taxes are inevitable, which will directly affect your bottom line
Ontario, the world’s most indebted sub-sovereign borrower, is ploughing ahead with Canada’s most ambitious infrastructure plan — risking the censure of Standard & Poor’s and underperformance for its $307 billion of bonds.
The nation’s most-populous province is keeping a goal of spending $130 billion over the next decade on work such as roads and mass transit in Toronto even after S&P dropped its credit grade this month to the lowest level ever. Yield spreads on some of the province’s debt reached the widest since January after the ratings move.
Orillia residents should anticipate their taxes to go up 2.6 to 2.7% in 2016.
City politicians directed staff Monday to begin to prepare a document from which they can work when they begin debating the budget in November. It will include a $450,000 increase for operations, $550,000 increase for service enhancements and $720,000 increase for financing and reserves. According to a report from treasurer Jim Lang, those changes will result in an overall municipal hike of 3.6% that, when blended with the provincial education taxes, will go down about 1%.
Boardwalk REIT sells its #Windsor portfolio as apartment prices soar
Sam Kolias, who heads up one of the country’s largest residential landlords, got an offer he couldn’t say no to — not an unusual situation in the red-hot apartment sector.
Housing may get the headlines, but apartments are trading at prices that are the envy of investors in every other real estate class, including office, industrial and retail.
In June, housing starts in Oshawa trended higher at 2,189 from 2,177 in May, according to Canada Mortgage and Housing Corporation (CMHC). This trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR).
Bay and King, long considered “centre ice” when it comes to defining Canada’s financial district is being pushed out by Toronto’s newest downtown neighbourhood, says a new study.
Cushman & Wakefield, an international real estate company with a strong Canadian component, said Toronto’s downtown south core centered around Union Station has become the go-to destination for anybody looking to locate in the city.
$170,000 was invested into Foraco Canada Ltd by the federal government Tuesday, which will be used to continue developing a data acquisition system.
The system will capture and record essential production data from a drilling rig, allowing Foraco Canada to create and implement best practices for drilling under various conditions, as well as increasing overall productivity and safety.
Foraco Canada Ltd. was established in 2006 with its headquarters in North Bay. It is a subsidiary of Foraco International SA, a global mineral drilling services company providing reliable service offerings in the mining and water industries.
Ontario businesses and citizens are alarmed by soaring electricity prices. We ask the obvious questions: “What, you can't politically close power plants and keep price cheap?” AND “I wonder if businesses will choose to locate in areas where their costs are lower?”
The Ontario Chamber of Commerce this week released the findings of an unprecedented consultation with its members and the results are painfully clear: soaring electricity prices are killing business in Ontario. One in 20 Ontario businesses now expect to shut their doors in the next five years due to electricity costs, and nearly 40 per cent report that electricity costs have already forced them to delay or cancel investment decisions.
The Chamber acknowledges that the larger policy picture from Queen’s Park is grim, with plans for cap-and-trade, higher minimum wages, rising workplace safety premiums and a new government-run pension system. But their report, Empowering Ontario, focuses above all on soaring electricity costs, a problem unique to Ontario that is directly traceable to a decade of foolish policy decisions.
With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower. This doesn’t lead to future tax cuts, that’s for sure. But does lead to a lot of ‘complaining about the Federal Gov’t” It’s like blaming Mom and Dad on your financial woes when your 35 years old
Ontario, the world’s most indebted sub-sovereign borrower, is ploughing ahead with Canada’s most ambitious infrastructure plan — risking the censure of Standard & Poor’s and underperformance for its $307 billion of bonds.
The nation’s most-populous province is keeping a goal of spending $130 billion over the next decade on work such as roads and mass transit in Toronto even after S&P dropped its credit grade this month to the lowest level ever. Yield spreads on some of the province’s debt reached the widest since January after the ratings move.
The GTA recorded 7,656 sales of existing condo apartments in the second quarter of the year, a 17 per cent jump over the amount of sales counted the same quarter last year. According to figures released Friday by the Toronto Real Estate Board (TREB), the City of Toronto accounted for 70 per cent of all condo sales in the region. It saw a sales increase of 15.9 per cent.
Sales across the region outpaced growth for the amount of condos being put up on the market: new listings rose 7.3 per cent year-over-year and active listings were down by 1.3 per cent.
Scarborough waterfront soars to top of #Toronto detached homes price gains
A swath of Scarborough waterfront has become Toronto’s hottest real estate market, at least in terms of price gains for existing detached homes, according to a new study.
The study, from Re/Max Hallmark Realty Ltd., one of the GTA’s largest brokerages, found that as the average sale price of an existing detached home in Toronto crosses $1-million, the biggest profits are being made in houses selling for less than a million.
The One Thing You Need to Know Before You Buy a Condo in the #GTA
Given all the press about Toronto’s booming condo market, it’s no surprise that one of the most common questions I get from condo buyers is how should they decide which neighbourhood to buy in. More specifically, which neighbourhood is a safe bet and has strong potential for future price appreciation.
While it’s impossible to predict future appreciation in prices, there are a number of things you can do to help ensure you’re buying in a neighbourhood that has a higher likelihood of appreciating when compared to other neighbourhoods in the same city.
Lack of "Dirt" in Toronto is pushing new condo prices upwards
Residential land prices reached new highs in Toronto in the second the quarter of 2015 as developers bet the housing boom will continue in Canada’s largest city, according to a new survey.
“Not only were there some big transactions but we also had a record number of deals,” said Richard Vilner, commercial real estate manager of RealNet Canada Inc. “There are a lot more condominiums coming, if you thought there was a slowdown there.”
Plans for a mixed-used development with a significant rental apartment component arise from a new joint venture between Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) and First Capital Realty Inc. The three-tower, 506-unit rental apartment complex along with 160,000 square feet of commercial retail space is slated for Toronto’s King West neighbourhood, bordering on the city’s downtown business and entertainment district.
This is CAPREIT’s first joint venture, for which it will invest $60.3 million toward the development of the project’s residential component, and will be contracted to lease and manage the apartment buildings. Completion is projected for 2018.
