Real Estate – NOW Magazine Wed, 27 Jan 2021 02:18:24 +0000 Wed, 27 Jan 2021 02:18:24 +0000 en-US Julia Mastroianni Here’s why people are rallying to protect this Toronto heritage site from demolition The provincial government has paused demolition of the Foundry site in West Don Lands after an outcry in Toronto

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Radheyan Simonpillai Toronto real estate agent shows home while tenants in self-isolation The home owner says the tenants did not show COVID-19 symptoms and were self-isolating due to close contact with a positive case

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NOW Staff Toronto rent was down 20.4 per cent in December while real estate sales were way up The health crisis triggered a “real estate boom” as average prices in areas surrounding Toronto made six figure gains

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Julia Mastroianni Toronto apartment vacancy rate is the highest in 50 years The vacancy rate in reached 5.7 per cent by the end of 2020, compared with 1.1 per cent in the same period a year earlier

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Radheyan Simonpillai Peek inside the mysterious condo bridge overlooking Toronto Developer Concord Adex explains why it took so long to put the three-story units hoisted above CityPlace on the market

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Radheyan Simonpillai Toronto real estate sales were up 64.5 per cent in December Even the condo market ended 2020 on a high

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Radheyan Simonpillai The struggle to make Toronto real estate affordable Brokers and urban planners debate how a home vacancy tax and other efforts to make housing affordable will play out in 2021

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NOW Staff Toronto rent prices to drop in 2021 and rebound in 2022: report Meanwhile selling prices for homes in Toronto will continue to rise in 2021, according to the Canadian Real Estate Association

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NOW Staff There is little evidence Toronto real estate is overheating: CMHC A CMHC report says Canada’s “moderately vulnerable” market isn’t showing signs of overheating and overvaluation

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Radheyan Simonpillai Toronto home prices to rise 5.75 per cent in 2021: Royal LePage The brokerage predicts rising prices due to low inventory, while MPAC reports Toronto added $11.65 billion in property value in 2020

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NOW Staff The hottest real estate market in Ontario is just outside Toronto Among 35 ranked cities in Ontario, Zoocasa reports Toronto is actually the least competitive market

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Julia Mastroianni Canadian bank offers mortgage rate below one per cent HSBC’s variable rate for five-year closed term mortgages is the lowest in Canadian history

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Radheyan Simonpillai Average home prices in the Toronto real estate market fell five per cent Downward pressure in the condo market ended a five-month streak of record-high average prices in Toronto

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Radheyan Simonpillai Report: Ontario’s mortgage deferral rate drops to four per cent The federal housing agency’s optimism for an economic recovery has been tempered by the second wave of COVID-19

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Carlito Pablo New house prices rose 3.9 per cent across Canada: report A Statistics Canada report found prices for newly built houses will keep increasing across the country

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NOW Staff Sell your house, support the food bank? Sponsored feature: Toronto Realtor Alexandra Cote wants to sell your Parkdale home and donate her commission.

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Radheyan Simonpillai Toronto rent listings dropped more than 17 per cent in October The average rental listing price is continuing to fall everywhere in the city except North York

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Radheyan Simonpillai Toronto real estate fatigue and COVID-19 anxiety are setting in: realtors Realtors say now is a good time to find a deal as prices may finally cool due to surging COVID-19 cases and the season

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Julia Mastroianni How to challenge an above-guideline rent increase Written hearings might make contesting an AGI more difficult, but Toronto tenant advocates still recommend organizing within your building

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Glenn Sumi Cure pandemic fatigue by learning to fix up your home Rearranging your furniture, renovating or even adding a coat of paint could make your 24/7 home time more bearable

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Radheyan Simonpillai Toronto home prices continue to climb to record highs Condo sales are declining in Toronto while active listings were up 173 per cent

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Radheyan Simonpillai This “uninhabitable” Toronto house is listed for $1,149,000 The boarded-up two-bedroom’s steep price is designed to attract attention and repel builders, according to the listing agent

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Julia Mastroianni How to negotiate a rent reduction Your landlord may not agree to a reduced rate, but experts say they might consider other incentives

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Radheyan Simonpillai Real estate lobbyists are pushing to cut the land transfer tax Developers want to import a U.S. tax break called “opportunity zones” to Ontario

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Radheyan Simonpillai Toronto Condo rentals are up more than 30 per cent Stricter rules around Airbnbs have led many investor-owners to shift to the long-term rental market

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Julia Mastroianni Is there risk of COVID-19 transmission through a building’s ventilation? With public health advice evolving around airborne transmission, we asked an engineer and an infectious disease expert to assess the risk

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Julia Mastroianni The pros and cons of renting an apartment from a family member or friend While it might be a financially friendly option, experts say you’re risking your rights and your relationship

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Radheyan Simonpillai Toronto rent prices keep sliding – except in one area The average price for new rental listings has dropped nearly 15 per cent year over year

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Radheyan Simonpillai Toronto real estate market enters the second wave on a high Prices did not fall in September, but there were signs of a slowdown even before the second wave lockdown

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Radheyan Simonpillai Toronto real estate is sitting on a high-risk bubble: report A Swiss investment bank ranks Toronto as third most at-risk for a bubble of all major cities in the world

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