Category: Uncategorized
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Why Canada’s #1 Real Estate Podcast is a Must-Listen
If you’re a Canadian real estate investor or aspiring to become one, there’s a podcast you need to tune into—The Canadian Real Estate Investor. Hosted by seasoned experts Daniel Foch and Nick Hill, this podcast has quickly become the go-to resource for anyone looking to navigate the complexities of the Canadian real estate market. About…
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Toronto Could Soon Crack Down on Landlords Evicting Tenants
Toronto is considering new regulations inspired by a recently adopted Hamilton bylaw to prevent “bad faith renovictions” and better protect vulnerable tenants. Background: Hamilton’s Renovation Licence and Tenant Relocation Bylaw In January 2024, Hamilton introduced a Renovation Licence and Tenant Relocation Bylaw, requiring landlords to obtain a renovation permit if issuing renoviction notices (N13s). This…
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5 Million Empty Bedrooms in Ontario Amid Skyrocketing Rent Prices and Housing Crisis
As housing affordability and soaring rent prices remain major concerns for renters in Ontario, a new map reveals a startling fact: there are millions of empty bedrooms across the province. According to the Canadian Census Mapper, the number of empty bedrooms in Ontario has reached approximately five million, a figure that some argue could significantly…
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Toronto Council Urged to Invest $351 Million in Affordable Rentals
City staff in Toronto are calling on the council to invest $351 million into affordable housing projects to facilitate the construction of 6,000 new rental units for low-income tenants and young, middle-class families. This ambitious plan aims to address the city’s affordable housing crisis and ensure these units remain affordable for at least 40 years.…
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Bank of Canada cuts key interest rate for the first time in 4 years
The Bank of Canada has reduced its overnight rate by 25 basis points, marking the first rate cut since the onset of the pandemic. This decision, announced on Wednesday, lowers the policy rate from 5% to 4.75%. Background and Context The Bank of Canada began increasing its key interest rate in March 2022 in response…
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The Well’s Office Tower Wins Prestigious International Design Award
The Well has firmly established itself as one of Toronto’s premier destinations, and now the megacomplex at Front and Spadina adds another accolade to its list. Recently, one of its buildings received an international design award. Award-Winning Design at The Well The most striking feature of The Well on Toronto’s skyline is its 36-storey office…
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All Eyes on the Bank of Canada: Will They Cut Interest Rates in June?
The Bank of Canada’s upcoming rate-setting announcement on Wednesday is attracting significant attention. While some expect a rate cut, the central bank’s decision could have substantial implications for the economy, especially if they choose to hold rates steady. The Current Economic Landscape The anticipation surrounding this announcement is fueled by the economic context. Since March…
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Canada’s Most Affordable Cities in 2024
As housing affordability continues to be a major concern in Canada, many are looking for cities where they can buy a home without breaking the bank. Based on a Royal LePage report, here are the most affordable cities in Canada for 2024, listed with their key affordability metrics. 1. Thunder Bay, Ontario Aggregate Price Q1…
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Canadians moving to the U.S. Hits a 10-Year High
The number of Canadians emigrating to the United States has surged to a level not seen in over a decade. Data compiled by CBC News from the American Community Survey (ACS) indicates that 126,340 Canadians moved to the U.S. in 2022, marking a 70% increase from the 75,752 who made the move in 2012. Increased…
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Mississauga’s M City Towers Win Prestigious International Design Award
Move over, Marilyn! Mississauga’s skyline now boasts a new focal point, as the M City towers have been awarded the ‘Award of Excellence’ for Best Tall Building by Height category (200-299 meters) by the Council on Tall Buildings and Urban Habitat (CTBUH). This accolade marks them as the best new builds in their height class…
Canada Housing Market 