Parts of Ontario will enjoy an increase in population between 2015 and 2041, while other areas will experience decreased population. This will affect medical services offered, will determine if schools are built or closed, will determine the future of public transit, etc. Read more….
Those booming housing markets may make some homeowners rich and provide a short-term boost to the economy, but a Canadian economist is warning about the long-term impact on the country. David Madani, of Capital Economics, said in a report out Friday that while the housing boom supported the economy through the oil shock in 2016, […]
“UrbanToronto’s Growth to Watch For Series has tracked the hundreds of development proposals and construction projects across the city. Moving from neighbourhood to neighbourhood, each entry of our 16 part series provides a fine-grained overview of local development. With the series now complete, we bring together our 2016 editorials in an exhaustively comprehensive survey of […]
LA has launched a simple, low-tech solution to make parking better: Well-designed signage that offers no ambiguity whatsoever when it comes to where you can park, when you can park there, and how much it will cost. Read more…
Far from having their heads buried in the financial sand, twenty– and thirty-something Canadians are feeling anxious, angry and scared about their futures. In December, we asked The Globe’s millennial readers to send us their biggest financial fears. More than 1,200 of them did. The answers varied but certain themes emerged: skyrocketing house prices, an […]
Higher tax on capital gains unlikely to deter property investment There’s speculation that the federal budget coming Tuesday will include a tax measure that would hit people buying and then selling investment properties in hot housing markets. That’s not how higher taxes on capital gains would be billed, but people buying investment properties in addition […]
BMO and the 33 bears Bank of Montreal’s chief economist is poking the bear in the eye. Douglas Porter looked back over the past several years at comments that predicted the demise of Canada’s housing market, as far back as 2008. All warned that the party was, or would soon be, over. One comment, a […]
The following charts show the real estate market statistics for the past five years. The statistics are published by the Toronto Real Estate Board and include sales of houses and condominiums in the Greater Toronto Area.
Bank of Canada Governor Stephen Poloz says Canadians should get used to both a cheap dollar and some inflation as the country continues to grapple with the shock of falling commodity prices. The Canadian dollar, now at less than 71 cents (U.S.), is working to offset billions in lost revenue from exports of oil and […]
Toronto condo prices could skyrocket 40 percent, predicts major developer A major real estate developer is brushing off fears of a bubble in Toronto’s red-hot condo market. “My prediction, and I’ve been pretty accurate to date, is we are going to have a 30-to-40% increase in values of the condo market in downtown Toronto over the […]
A wonderful video showing all that is great with this city. Enjoy! SHOW ME – TORONTO by Chris Hau
Can we learn to love the Gardiner Expressway again? For decades, the Gardiner Expressway has been a barrier between downtown Toronto and Lake Ontario. That promises to change in 2017, as a 10-acre space under the highway becomes a network of pathways and gathering places that binds a fast-growing part of the city together. This is […]
“I want it in the city, in the downtown area, walkable to Bay Street, in move-in condition, detached and under $400,000” they said.
The GTA set a new sales record in May, according figures released Wednesday by the Toronto Real Estate Board. Detached houses in the City of Toronto sold for an average of $1.15 million in May, up 18.2% in just the last year. The GTA is in the midst of a record-setting frenzy for real estate. The […]
Maximum $1K fine and three demerit points for Ontario drivers who text, email or talk on handheld phone Ontario unanimously passed legislation Tuesday increasing penalties for drivers who text or use a handheld phone while on the road, and who open their door into the path of a cyclist. The update to the Highway Traffic […]