Sidewalk Toronto will be a ‘global hub for urban innovation’
Prime Minister Justin Trudeau and Premier of Ontario Kathleen Wynne were in town to join Mayor John Tory to unveil the new waterfront community, Sidewalk Toronto. Why is this master-plan such a big deal? It’s a collaboration between Waterfront Toronto
Could your mortgage pass the (stress) test?
The Office of the Superintendent of Financial Institutions Canada (OSFI) yesterday published the final version of its Residential Mortgage Underwriting Practices and Procedures, which will come into effect January 1, 2018. As it applies to all federally
5 ways TransformTO will change the building industry
TransformTO is a collaborative project that aims to reduce Toronto’s greenhouse gas (GHG) emissions by 80% by 2050, led by Toronto’s Environment and Energy Division and The Atmospheric Fund.In order to hit this ambitious goal, the City and everyone
Foreign buyer tax shows ‘little impact’ on Vancouver home prices
Royal LePage recently released its third quarter 2017 report, collecting and analysing data from 53 of Canada’s largest housing markets.Nationally, the average home price went up 12% year-over-year to $545,414, but as we are sure you’re aware, Canada is
2 VIP bonus packages available at Central Park Windsor!
Following the success of the VIP opening of Central Park Windsor, NOC Development is continuing to offer the two special VIP bonus packages!The first package includes hardwood on the main floor in the dining room and great room, granite kitchen
National average home price heavily skewed by Toronto and Vancouver
The Canadian Real Estate Association (CREA) released its national home sales statistics, announcing that home sales edged up in September 2017. When the CREA says sales increased in September, they mean from August 2017; sales went up by 2.1%. On a
Toronto is the 4th safest city in the world
The Economist released its Safe Cities Index 2017 and Toronto is number four on the list out of 60 cities around the world! With a score of 87.36, Toronto is the highest ranked non-Asian city, behind Tokyo, Singapore, and Osaka. Toronto improved
Supply shortage causes spike in monthly rents
Urbanation, the leading source for Toronto condo market statistics, released its third quarter 2017 rental results, announcing that rents continue to soar as supply drops. The number of Greater Toronto Area (GTA) rental transactions reported through the
Geranium makes annual donation to the Stouffville Food Bank
The Geranium team, as well as team members from SCS Consulting Group, MQ Energy, Golder Associates, and PACE Credit Union came together for the annual Thanksgiving donation of funds and non-perishable food to the Stouffville Food Bank. Anand Date, Chair
New report calls stress test for uninsured mortgages ‘unnecessary’
Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), wants homebuyers with uninsured mortgages to qualify with a stress test. A recent report from the Fraser Institute says the stress test is “unnecessary” and
