Real Estate – NOW Magazine Sun, 09 May 2021 18:24:01 +0000 Sun, 09 May 2021 18:24:01 +0000 en-US NOW Staff Report: A down payment for a Toronto house will take 25 years to accumulate House prices are cooling but the National Bank’s Housing Affordability Monitor says it’s even hard to save for a home in Toronto

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Radheyan Simonpillai Real estate developers must get creative to protect the environment A Lawrence Heights development with pre-built secondary rental units is being pitched as a solution to the housing crisis

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Radheyan Simonpillai Toronto real estate experts call for an end to blind bidding and deception β€œIt is entirely possible to come up with regulations,” says Ontario NDP housing critic Jessica Bell

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Radheyan Simonpillai Affordable housing in Toronto real estate should not come at the expense of the environment The need for more housing supply has led to calls to cut red tape and build on green space

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Julia Mastroianni How to challenge illegal extra fees and charges from your landlord Tenants can challenge some extra fees as long as it’s been less than a year since the charge

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NOW Staff Some homes in the GTA real estate market cost almost 50 per cent more than a year ago An online real estate calculator will estimate the cost of your home as the market continues to stoke fears of a bubble

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Carlito Pablo Canadian home prices could fall 40 per cent in major housing market correction: realtor A British Columbia-based broker compares the current situation to the market conditions that led to the U.S. housing crash in 2008

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Radheyan Simonpillai A bungalow is listed on the Toronto real estate market for nearly $3 million More economists are recommending tighter mortgage rules and new taxes to bring down sky high home prices

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Kevin Ritchie, Michael Hollett, Joshua Errett and Radheyan Simonpillai 40 at 40: Is the East vs. West debate still a thing in Toronto? NOW tackled Toronto’s geographic divide with a buzzy cover story, but 11 years later Toronto feels totally different

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NOW Staff Report: Toronto real estate is the most vulnerable among major Canadian cities An RBC economist calls for stricter mortgage rules to contain an overheated market

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Radheyan Simonpillai Five places to live and eat in Scarborough There are relatively affordable spots in the east-end suburb where the food scene is still tops

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Radheyan Simonpillai Scarborough is the last frontier for affordable Toronto real estate A new generation is laying down roots and bringing change to the sprawling cultural and culinary hub

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Radheyan Simonpillai The most affordable house in Toronto real estate is on the water Selling prices in the Toronto real estate market average more than $1 million, but a houseboat in the bluffs is less than half that

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Julia Mastroianni Toronto tenants evicted from “unsafe” building with 24 hours notice City inspectors say the residential units were constructed without a permit

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Radheyan Simonpillai Real estate agent says that a Scarborough bungalow listed for $2.2 million does not indicate a bubble The broker listing the pricey development opportunity says investors can split the property to build and sell two homes for nearly $3 million each

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Jeremy Withers Federal rent subsidy needed to stop tenant evictions With the temporary moratorium on evictions ending and leaving tenants with arrears at risk, immediate federal assistance is necessary

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NOW Staff Townhouse prices in Toronto shoot up 12 per cent in one month The city’s real estate market refuses to chill – and is making headlines south of the border

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Julia Mastroianni Ontario housing programs are failing to meet demand: FAO The province’s financial watchdog says the need for affordable housing and the homelessness crisis will worsen by 2025

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NOW Staff Toronto real estate trends point to pandemic’s unequal impact: CMHC Demand for expensive homes in Toronto real estate is the result of the pandemic’s economic impact

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Julia Mastroianni Above-guideline rent increases in Toronto up 250 per cent in six years: report Corporate landlords are responsible for 84 per cent of all above-guideline rent increases in Toronto, according to RenovictionsTO

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Julia Mastroianni Here are two alternative proposals for the Foundry development Local designers and architects are proposing designs that incorporate heritage elements and add more affordable housing

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NOW Staff Toronto real estate falls behind on building homes for public transit riders A report says the Toronto real estate market builds heavily in the core and beyond the TTC’s reach

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Caryl Arundel Higher tax on luxury home sales would ease housing crisis COVID-19 has dramatically reduced municipal revenues, leaving the city with a budget shortfall of $649 million

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Radheyan Simonpillai Real estate prices in trendy Toronto neighbourhoods drop by 30 per cent: report A report on price declines arrives just as Toronto real estate lobbyists are pushing back against proposed tax hikes on luxury properties

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Radheyan Simonpillai As lockdown hit, Akelius tenants say cold water shortage lasted 96 days A group of tenants at 100 Vaughan Road allege a problem with a simple solution dragged on for months

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NOW Staff A down payment on a Toronto house should take 24 years to accumulate A National Bank report suggests you need to make $178,499 annually and save for 289 months to accumulate the down payment

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Radheyan Simonpillai How to fix Toronto real estate’s missing middle problem Real estate agents say amending antiquated bylaws and renovating homes into multi-unit residences can help fill the housing gap

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NOW Staff Toronto had the highest rent arrears rate in Canada in 2020 The COVID-19 pandemic disproportionately affected Toronto’s hospitality and service workers, and in turn the rental market

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Rachel Moore Five reasons your next home should be in Owen Sound This story is sponsored by the City of Owen Sound

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Rachel Moore Dreaming of a healthy work-life balance? Move to Owen Sound This story is sponsored by the City of Owen Sound

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