Tag: news
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Toronto Moves Forward on Citywide Upzoning for Sixplexes
Toronto is one step closer to legalizing sixplexes in residential neighbourhoods, after the city’s Planning and Housing Committee voted in favour of expanding multiplex permissions to allow five- and six-unit dwellings across low-rise areas. If adopted by full council later this month, this change would allow detached houses across the city to be redeveloped or…
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Downtown Calgary Adds 1,100 New Homes Through Office Conversions
Calgary is making big moves to tackle its housing needs while breathing new life into its downtown core. The city just approved 10 new office-to-residential conversion projects, which will bring 1,100 new homes and an estimated 2,000 new residents into the heart of the city. This latest round of development is part of Calgary’s broader…
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How Wildfires Are Reshaping Canada’s Real Estate Market in 2025
As wildfires continue to make headlines across Canada in 2025, their influence is being felt beyond the forests and evacuation zones. Increasingly, the housing market is responding to these environmental challenges. From shifting buyer preferences to changing insurance premiums, wildfires are quietly reshaping the way Canadians buy, sell, and insure their homes. Here’s what homeowners…
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Will the Bank of Canada Cut Rates? Job Losses and Tariff Tensions Make It a 50/50 Call
Canada’s job numbers just slipped-and the Bank of Canada might be gearing up to react. In March, the country lost 33,000 jobs, marking the first employment decline in over three years. Economists are now giving even odds (50%) that the BoC will respond with an interest rate cut on April 16. This sudden shift is…
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27,000 Ontarians packed their bags and moved to Alberta in 2024, setting a new record.
In 2024, Ontario witnessed an unprecedented wave of migration as over 27,000 residents packed their bags and headed west to Alberta. This record-breaking relocation trend has been fueled by the allure of Alberta’s lower cost of living, booming economy, and affordable housing market, leaving many to wonder why so many Ontarians are making the move.…
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Transform Your Empty Parking Spot Into Income with This Revolutionary App for Canadians
If you’ve got an unused parking spot, why let it sit empty? With the new UrParking app, Canadians can now turn those extra spaces into a steady stream of income. This innovative platform connects property owners with drivers in need of parking, making it a win-win for everyone involved. How UrParking Works UrParking simplifies the…
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Canada’s Rental Prices Drop: Key Insights from Rentals.ca December 2024 Rent Report
In November 2024, Canada’s residential rental market experienced a notable decline, with asking rents falling to a 15-month low of $2,139. This marks a 1.6% decrease compared to the previous year, following a 1.2% drop in October. Despite this decline, rents in Canada are still higher than two or three years ago, reflecting long-term growth…
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Canada’s New Immigration Caps Could Lower Rent and Address Housing Shortages
In a major policy shift, Canada has announced cuts to immigration targets, aiming to ease economic pressures—particularly in the housing market. The government’s revised immigration plan will lower the cap on permanent residents and set limits on temporary residents, a move that is expected to have significant impacts on housing demand, particularly in rental markets.…
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Poilievre Urges Premiers to Drop Sales Taxes on New Homes Under $1M
Conservative Leader Pierre Poilievre has recently called on Canada’s provincial premiers to remove sales taxes on new homes priced under $1 million, following his own commitment to eliminate the federal sales tax on similar properties if he is elected. Poilievre argues that cutting these taxes would significantly lower the cost of homeownership and help address…
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Average Rent for a 2-Bedroom Apartment in Toronto Could Soar to $5,600 by 2032
Toronto’s rental market is set for a significant price surge, with predictions pointing to a staggering 72% increase in rent by 2032. A recent study from Concordia University forecasts that average two-bedroom rents in Toronto could reach $5,600 per month by 2032, a sharp rise from the current rates. In the nearer future, rents are…
Canada Housing Market 