Real Estate News

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

1) What It’s Like to Live in Canada’s Most Affordable Real Estate Market 2) Plans to revamp Ontario Place are 'tone-deaf' and exclusionary, say Toronto residents, critics 3) One of the planet’s largest urban resilience plans is happening in Toronto 4) Teams shortlisted for Green Line LRT project 5) Breathtaking skyscraper with new event venue to replace beloved Toronto landmark

1) GTA average rents rise 19% year over year in June 2) Entire new neighbourhood set to completely replace Toronto shopping complex 3) SmartCentres proposes new 82-acre commercial, industrial and residential development near Highway 400 in Barrie 4) Calgary housing market – where opportunities remain 5) NFP to open new corporate office in downtown Toronto

1) Beer Store, Canadian Tire Could Help End Toronto’s Housing Crisis: Study 2) GTA Rents Reach New Heights as Vacancy Rate Falls 3) Calgary’s tight rental market leaving university students in a lurch 4) This global tech company is opening a new office in Calgary & it will be hiring for 1,000 jobs 5) 'No choice but to go nuclear': Bank of Canada issues a supersized rate hike

1) Toronto’s condo, apartment rents jump 20 per cent from June last year, report says 2) How the Bank of Canada's rate hike will impact mortgages, loans, and spending 3) An expansive plan for new Humber-area development 4) Trudeau announces deal to build $1.5B electric vehicle battery plant in Ontario 5) Why does Canada welcome over 400,000 immigrants per year

1) Canada's job market is setting records. So why are people talking about a recession? 2) City staff want greenlight to plan 3 downtown park projects, including at Bathurst Quay 3) TELUS investing $23 billion across Ontario helping generate 9,500 new jobs from 2022 to 2026 4) Canada’s population growth at highest level in more than 30 years 5) A bunch of new tech companies are calling Toronto home and are hiring right now