Ontario home prices need to drop more than $300,000 to be affordable for millennials
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
Is it time to embrace coliving in Toronto?
It may sound like you’re back in college again, but your next rental in Toronto may be a coliving situation. How do you feel about that? Common, a company known for its coliving housing in the United States, has partnered with Dream Unlimited.
Will laneway suites across the entire city improve housing affordability?
It’s possible that there will soon be more laneway suites in Toronto in the near future as the Planning and Housing Committee recently endorsed a plan to support this type of residential development across the city.
Oxford’s Union Park to include a daycare and family-friendly rental units
Over the last week, the talk of the town has been the Union Park development in Toronto by Oxford Properties Group. At first, it was the $3.5 billion price tag that made headlines, but now that more time has been spent digesting the master-plan.
A closer look at housing in the Sidewalk Toronto master-plan
Sidewalk Labs recently released its draft Master Innovation and Development Plan for the ambitious “smart city” project on Toronto’s east waterfront, Sidewalk Toronto. There are hundreds of pages to go through, but we took a closer look at the housing.
First-ever Passive House high-rise retrofit in Canada coming soon
Hamilton will soon be home to Canada’s first-ever residential tower retrofit that meets Passive House standards, surpassing Ontario’s building code in energy efficiency by leaps and bounds.
More than 200 affordable rental units announced for downtown Toronto
At the end of April, the province of Ontario announced the sale of surplus land to allow for the development of affordable housing.
Podium Developments announces 3 new rental buildings in Kingston
For the last few years, Kingston’s vacancy rate has been trending low - thankfully, there’s a multi-phase rental development in the works by Secure Capital Partners Inc., Blue Vista Capital Management LLC, and Podium Development Corp.
Toronto is the 12th least affordable housing market in the world
Earlier this year, Toronto was listed as one of the top 10 least affordable housing markets in the world. A new report suggests that Toronto is becoming a slightly more affordable place to buy a home.
This is the most active area for condo rentals in Toronto
Are you considering renting for longer because of the high condo prices in the Greater Toronto Area? Well, it looks like condo rental rates in the GTA didn’t get much more affordable compared to the end of 2018.
