When it comes to competition in the market, Toronto’s renters are finally getting some relief as the city’s vacancy rate within purpose-built apartments increased to 1.8 percent in the second quarter of 2020, the highest level in over five years.
A surprisingly strong showing from the Canadian housing market in June is leading economists to swiftly revise their forecasts as homebuyers returned to the market in larger than anticipated numbers.
Home sales across the Toronto region recovered to near pre-pandemic levels in June, with activity only down 1.4 percent from the previous year and up 89 percent over May.
COVID-19 has “thrown sand in the gears” of Canadian population growth and the country’s housing market will be feeling the effects for several years to come.
COVID-19 has not significantly deterred buyers in Toronto due to the market-friendly monetary and fiscal conditions driven by the federal government and the Bank of Canada, according to a RE/MAX analysis.
Strong June home sales data from Toronto and Vancouver finally gave wary homebuyers and industry professionals the dose of good news that they’d sorely needed.
Israeli conglomerate Delek Group Ltd. is reportedly planning to sell a sizable portion of its interest in Elad Canada, the developer behind several high profile Toronto residential projects, including Galleria on the Park.
The early months of the COVID-19 pandemic will be remembered for the sharp fall in home sales and listings as anxious buyers and sellers moved cautiously to the sidelines amidst unprecedented economic uncertainty.
A new report published by the Canada Mortgage and Housing Corporation (CMHC) provided fresh insight into what to expect from the country’s housing market over the next two and a half years as it grapples with the pandemic fallout.
The COVID-19 pandemic caused delays to 276 residential projects currently at various stages of construction in Toronto.
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