Real Estate Blog

After two years on hold, new rules for short term rentals have been approved in Toronto. The Local Planning Appeal Tribunal said in a ruling released Monday that it has dismissed an appeal by several residents who objected to the rules that put limits on how people can rent out their properties. The city put the rules in place in part over concerns that short-term rentals like Airbnb were reducing the rental stock as the city deals with a housing crisis. In Toronto, it’s estimated that there are 21,000 Air BNB listings. They produce $214 million a year in short-term rental revenue and Toronto is Canada's largest market.

Under the new zoning bylaw amendments, short-term rentals will only be allowed in principal residences, which means landlords will

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Since 2013, 28 Acres of prime Etobcioke property, only steps to Lake Ontario, has been sitting vacant. The site of the former Mr. Christie factory that made one of the world’s favourite cookies for more than 60 years has moved from what might eventually become one of Toronto's top destinations. In mid-2019, City Council and the Local Planning Appeal Tribunal (LPAT) approved the conversion of the majority of the site at 2150 Lake Shore Blvd W. to a Regeneration Area, allowing for a mix of uses such as residential and retail, as well as land for employment uses. A Secondary Plan process has begun, and will be led by the City of Toronto. Over the last several years, Humber Bay (Park Lawn Lakeshore) has become one of Toronto’s fastest growing

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On October 21st, as Canadians head to the polls, many will be thinking about how this new government (or old one) is going to help their local real estate market. Local real estate market issues in places like Toronto & Vancouver have become hot button political topics. Affordability for home buyers in cities many major Canadian cities have become part of many of the political parties platforms. Interest rates, densification, transit & rural frustration with urban encroachment have all became part of the daily questions being peppered and federal leaders leading up to the election. We have seen the impact (or lack of impact) of the foreign buyers tax but many Canadians are more interested in seeing the federal government help reduce some of the red tape

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The Floor Plans & Pricing have officially been released for the much anticipated Galleria On The Park Condos. Please contact me directly  if you would like the price list and floor plans I have attached the links to the project brochure, community brochure & the investor piece. Only $5000.00 is required on signing the balance to 5% within 30 days, 5% in 150 days, 5% in 400 days & 5% on occupancy. Total 20% down.  

The Purchase Process Will Be As Follows

Tuesday, September 10th - Worksheet submissions begin

Friday Sept, 13 - Initial signing appointments will be scheduled 

Saturday Sept, 14 - First release signing begins - unallocated units will be released on first come first serve basis. 

General Terms - Initial $5000 deposit in bank

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Spotlight returns to detached housing in the GTA as soaring sales pull up average price in the first half of 2019, says RE/MAX

While more than 50 per cent of TREB districts report upward momentum in average price, RE/MAX Heat Maps identify areas where opportunities exist

The bounce-back in single-detached home sales is contributing to an uptick in average price, with more than 50 per cent of neighbourhoods in the Greater Toronto Area reporting an increase in detached housing values the first half of 2019, according to a new report released by RE/MAX of Ontario-Atlantic Canada.

RE/MAX examined trends and developments in 65 Toronto Real Estate Board (TREB) districts, finding that detached home sales were up in almost 88 per

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Toronto currently has the most active cranes in North America. 120 More than the next 4 cities combined! This makes it incredibly difficult to keep up with the new condo & housing developments that fit your personal criteria. Which ones are best for investment or rental income? Personal use or downsizing. It can be overwhelming! 25 years ago, condo buyers were singles in their 30s which is the smallest demographic of people buying today!  Here are some important developments slated for price release in 2019/2020. 

THE WELL - 444 Front St - Downtown Toronto

Built by Tridel, with the first phase selling now, The Well is going to be one of the largest mixed-use community in Toronto, with retail, commercial, office, condominium and rental

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Toronto has a problem. A good one! The city cannot build office towers fast enough to keep up with the rapidly growing & concentrated job market downtown. As Ontario's manufacturing sector shrinks, tech jobs are flocking to Toronto. So much so, that in 2017, Toronto had the fasted growing tech job market in North America, surpassing the San Francisco Bay Area & Washington DC combined. This trend has no intention of slowing as Google plans to build its new Canadian Headquarters on Toronto's eastern waterfront. A few other notable moves by large companies; 

– Shopify will set up in a new 38-storey tower at The Well, which Allied Properties REIT and RioCan REIT are developing at Front Street and Spadina Avenue (Shopify has taken 253,000 square feet

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Remember those famous, tall, smokey coal stacks on that amazing lakefront property in south Mississauga? Check out the developers rendition of the Lakeview Village Development and you will quickly forget it.

 

If you don't live in Port Credit or South Mississauga/Lakeview, you may not have heard about the BIG upcoming changes to the waterfront land in that area. The City of Mississauga is in the midst of the approval process of a complete re-development of the the waterfront.  "Lakeview Village" is what the future community will be named and will see a complete overhaul of the area east of Port Credit & Lakeshore Rd.  The proposed development will be situated on on the 177 acre parcel of land formerly home to the "4 sisters" coal stacks at

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Late last year, Toronto City Council adopted the Official Plan and Zoning By-law amendments permitting laneway suites in specific neighbourhoods within the City. Laneway Homes have been gaining popularity in cities like Vancouver for a number of years and began as an effort to help with the urban density and affordability issues the city was experiencing. Toronto has been facing some of these same challenges and this decision has cleared the way to allow Laneway Housing to become an option with a lot less red tape than before. Its no secret that densification, lack of sufficient rental property (outside of condominiums) combined an abundance of under-utilized space within certain neighbourhoods have created the need to find creative and sustainable

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March in Ottawa was nothing short of tumultuous (confusing...loud...& noisy). Making the water in Ottawa a little more murky, enter the 2019 Federal Budget, just ahead of the federal election in October. The Liberal government released a $22.8 billion dollar budget touching on a number of themes like pharmacare, job skills training, seniors, indigenous programs, electric vehicles to name a few. Perhaps the most intriguing was $1.25 billion dollars in stimulus for First Time Homebuyers in Canada. This is an enticing pitch to new homebuyers that would see the Canada Mortgage Housing Corporation (CMHC) contribute up to 10% of the purchase price in what the government is calling a "shared equity mortgage". The purpose would be to help lower buyers monthly

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