Real Estate News

1) Average rents in Canada soar above $2K for first time ever, new data suggests 2) Calgary rental prices jump 22% year-over year, among top hikes in Canada 3) A lesson in city design from Toronto: less digital, more common good 4) Universal Music Canada hits the right note in Liberty Village’s expanding arts hub 5) Work Transforming Lower Don Lands as Redevelopment Continues

1) Canadian employment up by 10,000 jobs in November 2022: Labour Force Survey 2) Changes to Public Realm Proposed as Part of Ontario Place Redevelopment Plan 3) Calgary’s economic strength provides resilience for impending recession 4) Development partner chosen for new hotel at Stampede Park 5) Bank of Canada hikes key interest rate to 4.25%, signals pause could be near

1) Why Ontario buyers are scooping up investment properties in Calgary 2) Province submits development application with City of Toronto for reimagined Ontario Place 3) Canada commits $27 million to E3 Lithium, helping to launch production 4) In The News for Nov. 29: How much did Canada’s economy grow in September? 5) What to expect from the upcoming Bank of Canada interest rate announcement?

1) Posthaste: More signs of the beginning of the end of Canada's housing correction 2) Toronto will get a brand-new soccer stadium and training centre for 2026 FIFA World Cup 3) Massive development to be built into a new Ontario Line station in Toronto 4) Average cost of renting a two-bedroom in Toronto soars by 24% to more than $3,300 5) The Latest in Mortgage News: Recent hikes are “painful” for variable-rate mortgage borrowers, says BoC

1) SkyTower in downtown Toronto could, if approved, become tallest building in Canada 2) UrbanToronto Pro September Report Shows Applications Blasting Off as Sales Fizzle 3) Concern over ‘vertical sprawl’ after province nixes Hamilton’s 30-storey height limit 4) House prices are dropping and real estate investing is looking more attractive — here’s how to do it right and make money long term 5) $150 million set to head Hamilton's way for inner city development

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