"The latest @Rentalsdotca National Rent Report is out. Average rent in Canada is up for the second consecutive month, Vancouver rises 2%, Toronto up 1.5%...
"As Toronto’s rental market continues inching toward a recovery after bottoming out earlier this year, a big boost in tenant demand could be on the horizon during the fall months. The average rent price across all rental property types in the Toronto region rose on a monthly basis in May, according to the latest data and commentary from Rentals.ca. Prices for Toronto condo and apartment rentals were...
Currently, foreign nationals who hold a valid Confirmation of Permanent Residence approved on or before March 18, 2020 are allowed to enter Canada. As of June 21, 2021, any foreign national who holds a valid Confirmation of Permanent Residence will be allowed to travel to Canada. Immigration, Refugees and Citizenship Canada will work with applicants who have a Confirmation of Permanent Residence that is...
“Core Development Group Ltd. is building a large-scale single-family home rental operation, an unproven business model in Canada, where the market is fragmented and individual investors lease a small number of their own properties for...
“Toronto’s development landscape and pre-construction condo market never experienced large-scale distress, a testament to the well-capitalized nature of Toronto’s real estate industry and the long-term orientation of real estate investors. Today, the acquisition landscape remains fiercely competitive with high pricing, competitive bid processes and strategic land assemblies being the...
“Much of the inner-workings in our industry come under fire because outsiders lack information and/or understanding. Our market is extremely complex, fast-paced, and while some people like to think that the job is easy, or that “houses sell themselves,” they have absolutely no idea what they’re talking...
“In last month’s report, I discussed how, in the wake of the Covid-19 pandemic, we saw a significant increase in the share of investors who were selling their Toronto condos due to a decline in both prices and rents, as residents fled the city core amidst widespread office, workplace and school closures. This trend gradually began to decline as prices started to rise again due to a boom in downtown...