Tag: real estate
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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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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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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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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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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…
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Here’s how much you need to earn to buy a home in Canada right now
Despite a slight decrease in mortgage rates, prospective homebuyers in Canada continue to face worsening affordability conditions. In April, this trend was particularly evident in major cities such as Toronto, as reported by Ratehub.ca’s latest affordability analysis. Affordability Analysis Highlights Increased Challenges Ratehub.ca’s study reveals that qualifying for a mortgage became more difficult in 10…
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Top 10 Rental Scams in Toronto: Essential Tips to Protect Yourself
Navigating the rental market in Toronto can be challenging, especially with the prevalence of rental scams that can trap unwary prospective tenants. Being informed is your first line of defense against falling victim to these fraudulent schemes. Here’s a guide to the top 10 rental scams in Toronto and how to avoid them. 1. The…
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Canadians owe nearly $1.85 for every $1 of disposable income, according to a study by RBC.
In recent times, Canadian households have seen a notable increase in their debt-to-income ratios. As of the first quarter of 2023, this ratio reached an alarming 184.5%, indicating that Canadians owe nearly $1.85 for every dollar of disposable income. A study by RBC highlighted that individuals between the ages of 35 and 44 have an…
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How much it costs to rent in Canadian cities – April 2024
Canada’s Rental Market Overview: Price Trends Across Major Cities The rental landscape in Canada continues to witness fluctuations in pricing, shaped by various economic forces. According to the latest data from Urbanation and Rentals.ca, the average rent for all residential properties in Canada was pegged at $2,181, marking an 8.8% increase from the previous year.…
Canada Housing Market 