2017: The year of the condo
We think it’s pretty safe to declare 2017 the year of the condo, in the Greater Toronto Area (GTA) at least. We saw record high prices, sales, and construction this year, and it’s been a wild ride. But can it last? There are no signs
Thinking of putting your secondary suite on Airbnb? Think again!
Toronto city council voted last week to regulate short-term rentals in the city, making it harder for Airbnb listers to make a few bucks on vacation rentals. The new regulations will let homeowners rent only their principal residence; rentals of entire
New short-term rental regulations coming in 2018
The City of Toronto just announced a new bylaw to regulate short-term rentals. The new bylaw was mostly brought on by the growth of Airbnb in Toronto. The bylaw allows homeowners and tenants to operate short-term rentals in their principal
Rental construction needs to double to satisfy demand
The Canada Mortgage and Housing Corporation (CMHC) recently released the results of its Rental Market Survey, and Urbanation, the Greater Toronto Area’s (GTA) source for condo market intelligence, quickly published a
How can Ontario sustain a healthy rental vacancy rate?
The Canada Mortgage and Housing Corporation released the results of its Rental Market Survey, announcing a decline in the national average vacancy rate, offsetting two years of increases. The average vacancy rate of purpose-built (primary)
