Real Estate News

1) Developers look to turn North York golf course into 40-acre public park with housing 2) Toronto is getting a new 80,000 sq ft IKEA store & here’s what to know 3) Anxiety spikes over housing amid Canada's plan to welcome 1.5M new citizens by 2027 4) Canadian economy added 108K positions in October in ‘blowout’ jobs report 5) The Ford government wants to open up the Greenbelt for housing. Here's what it's proposing

1) Canada to welcome 500,000 immigrants a year by 2025 2) Bank of Canada not ruling out another oversized hike to fight inflation 3) $4.6B Mississauga and Brampton LRT still ‘on track’ for 2024 opening target amid Eglinton Crosstown delay 4) More Canadians are turning to food banks than ever before, new report says 5) Average rent for one-bedroom condo up by 20% from 2021: Toronto real estate board

1) Bank of Canada hikes key interest rate half a point to 3.75% 2) Ontario announces sweeping housing changes that allow three units on one property 3) Population share of immigrants, permanent residents hits 23% record: census 4) New data shows how much condo rent is rising in Toronto 5) Here's how the Toronto-area transit network could look in 2040

1) Canada added 21,000 jobs last month, pushing jobless rate down to 5.2% 2) A recession in Canada will likely strike sooner than first predicted, Royal Bank says 3) Rent for a one-bedroom in Toronto has increased more than 16% in a year 4) Ottawa working on program to regularize status of 500,000 immigrants 5) GTA home prices climb 0.7 per cent to $1.09 million (September 2022)

1) Immigration will allow Bank of Canada to cut rates sooner than 'peers' 2) Minimum wage goes up in 6 provinces, but some advocates say workers need more 3) Housing market shifting, Toronto-area home sales down 44% from year ago 4) Canada Immigration Driving Fastest Population Growth Rate Since End Of Second World War 5) Canada's economy grew by 0.1% in July, bucking expectations it would shrink

1) Canada's economy grew by 0.1% in July, bucking expectations it would shrink 2) Canada's population just got a bit younger thanks to immigration 3) Bank of Canada to share more of interest rate decision-making process in 2023 4) It now costs nearly $600 more to rent a Toronto apartment than one year ago 5) Real estate: Re/Max report expects home prices to decrease this fall

1) U.S. inflation could push Bank of Canada to move policy rate higher than 4% 2) Canada can build an electric vehicle industry worth $48B a year — but it must act now: report 3) Hovercraft service plans to take passengers between Toronto and Niagara in 30 minutes 4) Looking Aheda’ad to Canas Demographics in 2041 5) Used car prices in Canada have peaked while new car prices

1) Condo rents surge to record average $2,806 in Toronto 2) Bank of Canada raises key interest rate by 0.75%, says it likely needs to go higher 3) Canada is on track to welcome a record 431,000 immigrants 4) Everything you need to know as the biggest TIFF in years gets underway 5) Salary survey predicts 'generous' increases in Canada for 2023

1) Ontario's population could grow by more than six million over the next two decade 2) Creating nearly 17,000 homes for Canadians across the country 3) Job vacancies reached a new high in June, according to Statistics Canada 4) CIBC predicts Bank of Canada’s next rate hike will be last of the cycle 5) Canada’s housing market appears to be cooling. Is this the right time to buy?

1) Average Toronto Rent Now $525 More Expensive Than it Was a Year Ago 2) Canada announces hiring blitz as immigration backlog hits 1.3M applicants 3) Toronto millennials want to be homeowners but only 22% believe they can do it in the city: survey 4) Bank of Canada will end its rate hike cycle at the September meeting: #CIBC strategist 5) Canada to enter mild recession in 2023

1) Toronto-area commercial real estate deals total $7B in Q2, up 43% from year ago 2) This is where home prices are holding steady or still going up in Ontario 3) Ontario Wine and Grape Industry Contributes $5.49 Billion in Economic Impact to Ontario's Economy 4) Attention, Toronto! The CNE is back! 5) A bunch of new tech companies are calling Toronto home and are hiring right now

1) Investment in Alberta's tech sector soars 2) Reimagined Ontario Place draws interesting reactions 3) Bank of Canada interest rate hike: When will BoC raise rates again? 4) Canada lost 31,000 jobs in July, declining for second month in a row 5) Blackstone is preparing a record $50 billion vehicle to scoop up real estate bargains during the downturn