Real Estate
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How Yorkville and the rest of Toronto’s retail real estate is faring during these times

Posted on 25 July 2020

After one full quarter fully under the effects of COVID-19, how did the Toronto retail and commercial real estate market fare? Actually not as bad as may have been predicted. Sales volumes are down, likely not unexpected, and the number of high dollar sales is way down as well. What we do not see this quarter is a drop off on the value of deals from a price-per-square-foot perspectiv ...

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The Toronto Rental Market Has Softened for the First Time in Years, Now What?

Posted on 25 July 2020

We can now put some numbers behind what happened (and continues to happen) in the Toronto rental market after the province all but came to a standstill in mid-March due to the COVID-19 pandemic. And while the initial trends have been borne out – generally more supply on the market and less demand leading to lower rents – the question on many minds as the economic effects of the pandem ...

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6 Massive Houses For Sale In Ontario That Are Cheaper Than A Toronto Condo

Posted on 25 July 2020

Just because you are on a budget doesn't mean you need to live small. There are tons of cheap Ontario houses for sale right now and they are less than a Toronto condo. So start packing your bags, because it's time to move out of the city.  Although the prices of Toronto homes have been dropping, the latest report by the Toronto Regional Real Estate Board states that the average price for a c ...

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Coronavirus: Home sales surge outside of Toronto as residents seek more rural life

Posted on 25 July 2020

With so many amenities shut down during the pandemic, putting up with Toronto’s sky-high real estate prices and often cramped living conditions is seeing many eschewing urban life for more rural settings. While the housing market saw a relative pause in March, in recent weeks data has shown a surge in home sales outside the city. Many of the area’s buyers have been choosing to go beyond ...

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Office subleases are flooding the market in downtown Toronto: real estate firm

Posted on 18 July 2020

TORONTO — One commercial real estate company says it has seen a “spike” in vacant offices in downtown Toronto as businesses have struggled to sublet their expensive spaces. Jones Lang LaSalle IP Inc. says in a report that only one large, new downtown lease was signed during the second quarter. It estimates tenants, especially small businesses, put 169 office spaces on the market. It ...

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Toronto Luxury Home Prices Up 11.9% in June From 2019: Report

Posted on 18 July 2020

As the COVID-19 curve continues to flatten across the country and more Canadians are returning to the housing market, a new report from Engel & Völkers reports a notable spike in demand for luxury real estate. The Canadian Luxury Real Estate brand released its Mid-Year 2020 Report on Wednesday, which says demand for luxury properties is spiking across the country as the curve cont ...

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Toronto realtors urge governments to expand housing supply in relief plan

Posted on 18 July 2020

TORONTO -- As home prices rise, a group of Toronto realtors say governments should focus economic recovery plans on housing supply -- and be careful of stoking too much demand. The Toronto Regional Real Estate Board says many people are going forward with their plans to buy homes, even amid the COVID-19 pandemic and recovery. As the economy swings up, that could lead to housing price ...

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Toronto housing market belies economic downturn, but potential trouble looms

Posted on 18 July 2020

The economic uncertainty induced by COVID-19 and its impact on job security continues to loom large, but housing markets in Canada seem to have developed an immunity to the pandemic. For example, the housing markets in Toronto no longer show any signs of weakness. Indeed, housing sales and prices in Canada’s most populous city during June 2020 have either matched or surpassed their le ...

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Toronto Real Estate Broker Fired Following Offensive Twitter Comments

Posted on 20 June 2020

A Toronto-based real estate broker has been terminated after making several problematic comments on social media this week. Chris Borkowski, who is known as @CondoChris by his nearly 4,500 Twitter followers, was terminated by his employer Right at Home Realty on Tuesday after the company became aware of offensive comments he had made online. Borkowski spoke out on Twitter with a racially charg ...

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The Toronto Real Estate Market is Suddenly on Fire Again

Posted on 20 June 2020

We’re in the middle of a pandemic. Unemployment is at an all-time high. Millions of people are without a job. And the Toronto real estate market couldn’t care less. If you’re looking for a COVID-discount on your next property, you better not be searching here – ’cause you won’t find it. What you will find, just weeks removed from arguably the worst month in our nation’s eco ...