A Fix for Toronto’s Housing Crisis Could Be Hiding in Plain Sight

By: King Realty Group

A Fix for Toronto’s Housing Crisis Could Be Hiding in Plain Sight

Tags: Homes in Toronto, House Prices, Toronto Housing, Housing Crisis

Across Toronto and the wider region, up to 176,000 new units could be added to rental sites to meet crushing demand. These 950 infill sites are already purchased and zoned — there is simply room and an opportunity to add more. A recent rental market study projects a shortage of up to 200,000 rental units in the Toronto and the Greater Hamilton Area (GTHA) within a decade, a trend ...Read More

Toronto home sales post best-ever total for August

By: King Realty Group

Toronto home sales post best-ever total for August

Tags: Homes in Toronto, House Prices, Toronto, GTA, Homes Sales in Toronto

The Toronto region recorded another month of over 10,000 home sales as buyers seeking low-rise properties made their move before the end of summer. A total of 10,775 properties changed hands last month, up over 40 percent compared to August 2019, according to data released today by the Toronto Regional Real Estate Board (TRREB). The average home selling price also increased substantially relative...Read More

“Supercharged” housing market could last through September: RBC

By: King Realty Group

“Supercharged” housing market could last through September: RBC

Tags: Homes in Toronto, Housing Market

Ask anyone who’s been paying close attention to the Canadian housing market throughout the pandemic and you’ll hear that homebuyers are making up for lost time and then some this summer. Toronto shattered home sales records in July while Vancouver saw sales spike 22 percent compared to the same time last year. Calgary posted a solid 12 percent year-over-year sales ...Read More

Housing market “more resilient than expected” during pandemic: RBC

By: King Realty Group

Housing market “more resilient than expected” during pandemic: RBC

Tags: Homes in Toronto, Housing Market, GTA Housing

Massive job losses. Declining immigration. Fewer international students in the country. There was no shortage of reasons to be pessimistic about the Canadian housing market’s chances of avoiding a major hit through these last few months as the COVID-19 pandemic rampaged across the globe. But, in a recent research note, RBC Global Asset Management Chief Economist Eric Lascelles sounded thor...Read More

The Toronto Real Estate Market is Suddenly on Fire Again

By: King Realty Group

The Toronto Real Estate Market is Suddenly on Fire Again

Tags: Toronto Real Estate, Toronto, Real Estate Market

We’re in the middle of a pandemic. Unemployment is at an all-time high. Millions of people are without a job. And the Toronto real estate market couldn’t care less. If you’re looking for a COVID-discount on your next property, you better not be searching here – ’cause you won’t find it. What you will find, just weeks removed from arguably the worst month ...Read More

Housing market beginning to normalize after historically bad April: TD

By: King Realty Group

Housing market beginning to normalize after historically bad April: TD

Tags: Housing Market, Real Estate, Homes in Toronto

Home sales dropped off a cliff in markets across Canada to what TD Senior Economist Brian DePratto called “historically depressed levels” in April. It was enough to give most market observers whiplash as the year started on such an upbeat note that some commentators were even worrying that areas of the market were at risk of overheating during what was expected to be a blazing ho...Read More

Homebuying intentions remain steady in Toronto despite pandemic: TRREB

By: King Realty Group

Homebuying intentions remain steady in Toronto despite pandemic: TRREB

Tags: TRREB, Real Estate, Toronto, Homebuying

As Ontario commences stage one of its reopening plan this week, the Toronto region’s real estate board is continuing to take stock of how the housing market could be further impacted by the COVID-19 pandemic. Today, the Toronto Regional Real Estate Board (TRREB) released findings from an Ipsos survey on consumer sentiment, as well as home buying and selling intentions, in light of...Read More

REID: Spotting (and reviving?) the neighbourhood corner commercial building

By: King Realty Group

REID: Spotting (and reviving?) the neighbourhood corner commercial building

Tags: Toronto, Real Estate, Commercial Building

  Like so many people during the current pandemic lockdown, I’ve started to get to know my neighbourhood much more closely on daily walks for exercise from my home. One of the elements of Toronto’s everyday vernacular architecture I’ve always found interesting is the former corner shops embedded within residential neighbourhoods in the older parts of Toronto. ...Read More

Great News For The Park Lawn Community. Transit Hub, Parks, Schools, Etc!

By: King Realty Group

Great News For The Park Lawn Community. Transit Hub, Parks, Schools, Etc!

Tags: Toronto, Real Estate, Park Lawn Community

New details have been released for the mega-development slated for the site of the now-demolished Mr. Christie's factory, and the master plan now includes two new elementary schools.  After first submitting their application in 2019, First Capital Realty has come back with a revised plan for the 11-hectare lot that once housed Toronto's ...Read More

Alphabet’s Sidewalk Labs shuts down Toronto smart city project

By: King Realty Group

Alphabet’s Sidewalk Labs shuts down Toronto smart city project

Tags: Toronto, GTA

Sidewalk Labs, Alphabet’s smart city subsidiary, is walking away from its ambitious plan to transform a slice of Toronto’s waterfront into a high-tech utopia. The plan, which was projected to cost over a billion dollars and has been under development for over two years, had run into community opposition from local residents who objected to the company’s high-tech, sens...Read More