Canada’s hottest rental markets: January 2020

By: King Realty Group

Canada’s hottest rental markets: January 2020

Tags: 2020, Canada, Rental, Rental Price, Market Stats

Canada’s major rental markets continue to thrive in 2020, according to the latest rent report from Rentals.ca and Bullpen Research & Consulting. Montreal, London, Winnipeg and Toronto are all experiencing double digit percentage increases for annual growth in median rents, with Montreal leading the way at 38 per cent. Other cities with increases over 10 per cent include: ...Read More

Why housing supply is a bigger concern than household debt

By: King Realty Group

Why housing supply is a bigger concern than household debt

Tags: Housing Supply, Debt, Household debt

While the Bank of Canada recently expressed concerns about household debt and its effect on the housing market, a market expert from RE/MAX said the current level of dwelling supply is a bigger problem that needs to be addressed. Housing affordability will continue to worsen over the next few years amid the population boom and the lack of dwelling supply, said Christopher Alexander, executive vic...Read More

Canadian interest rates may start dropping again in April: RBC

By: King Realty Group

Canadian interest rates may start dropping again in April: RBC

Tags: Canada, Rate, mortgage

The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development — or lack thereof — did not come as a surprise to economists who pay close attention to the central bank’s moves. It was, after all, the fifteenth straight month that the interest rate did not change. What did catch experts off-guard was ...Read More

Massive 37 tower, 18,000 unit development planned for area around Square One

By: King Realty Group

Massive 37 tower, 18,000 unit development planned for area around Square One

Tags: Massive, Futuristic, Elegant

The area around Mississauga’s Square One Shopping Centre could one day be home to approximately 35,000 people as part of a new mixed-use development that could take decades to fully build out. Developer Oxford Properties released its plans for a 130-acre parcel of land surrounding the popular shopping destination on Tuesday, calling it the “largest mixed-use downtown development in Ca...Read More

Over 40% of First-Time Homebuyers in Toronto Are Under 35

By: King Realty Group

Over 40% of First-Time Homebuyers in Toronto Are Under 35

Tags: Buyer, Toronto, First-time Buyers

Statistics Canada has released the second wave of data from the 2018 Canadian Housing Survey (CHS), providing insight into first-time homebuyers in Canada. The report, which was released on Tuesday, takes a look at how many households bought their first home within the last five years, a household’s reason for moving, and selected household and dwelling characteristics in different hou...Read More

10 new construction Toronto condos selling now near major TTC stations

By: King Realty Group

10 new construction Toronto condos selling now near major TTC stations

Tags: Toronto, Condo, Metropolis

For many metropolises around the world, the subway system acts as the arteries, carrying hundreds of people across the city every minute. While the Toronto Transit Commission’s subway lines aren’t the same spaghetti-like maze of London’s underground or New York City’s MTA, they play a vital role in moving us to and from the downtown core. For any prospective downtown Toron...Read More

Toronto’s Ever-Expanding Population Needs to be Housed

By: King Realty Group

Toronto’s Ever-Expanding Population Needs to be Housed

Tags: Toronto, Immigrants, Canada

Toronto proudly calls itself a city of immigrants. Given that this city is the most popular settling place for newcomers, housing development has had to step up to increase construction on affordable housing. According to recently-released data from Statistics Canada, in the last third quarter of the year, the population expansion surged by 0.6 per cent – the biggest increase in immi...Read More

How Durham Region Became A Hot Housing Magnet

By: King Realty Group

How Durham Region Became A Hot Housing Magnet

Tags: Housing, Durham, Toronto

According to a study from Re/Max, Durham’s housing market has been hotter than ever. That’s because house prices have consistently been rising in its municipalities, year-over-year. Or is it just the “Durham Advantage”? While moneysense.ca says Durham cities like Bowmanville, O’Neill, and Lakeview offer the best value for first-time home b...Read More

Ontario’s rental vacancy rate is starting 2020 at a near record low

By: King Realty Group

Ontario’s rental vacancy rate is starting 2020 at a near record low

Tags: ontario, toronto,house rental, lease

New year, no vacancy. Renters in cities across Ontario will spend another year struggling to find rental housing as prices continue to rise in the face of tight market conditions.   In 2019, the vacancy rate was 1.6 percent and it will likely drop further through 2020 to a near-record low of 1.5 percent, according to Central 1 Credit Union economist Edgard Navarrete. For context, the vacanc...Read More

Toronto homebuyers are now facing a seller’s market

By: King Realty Group

Toronto homebuyers are now facing a seller’s market

Tags: Toronto homebuyers, Seller's Market, Toronto

It was a busy December in housing markets across the country, suggesting that when compared to last year, not as many house hunters stayed home for the holidays. They bought them instead. While the nearly 23 percent increase in total Canadian home sales as reported by the Canadian Real Estate Association (CREA) for the month made for an attention-grabbing figure, it was Toronto’s tight hou...Read More