The path of least resistance when it comes to multigenerational living is finding homes with layouts that lend themselves to minor retrofits where privacy can be achieved for 2 families. Finished basements with separate entrances being the most popular choice have an inherent problem as not many want to live in a basement long term. The following are alternatives that are gaining popularity,...
Pre Covid, the common theme when purchasing a home was to drive until you qualify, in other words, the further out you go from the Toronto core, the cheaper real estate was. Since covid this entire phenomenon has been turned upside down. With real estate assets at record highs and little in the way of cost savings by going further out of the Toronto core, the most common question I get from...
A trick question, it’s both, yet the elephant in the room doesn’t seem to get much attention. Interest rates being front and center when it comes to affordability, on the demand side – based on population growth, immigration is a massive driver for the ever-increasing real estate demand in the Greater Toronto Area. The GTA on average absorbs 35% of all newcomers to Canada yet new home...
One of the most common concerns by those considering condos as investments is that rent doesn’t cover taxes/maintenance fees/mortgage, leaving them to subsidize the purchase and making the investment ‘cashflow negative’. A valid concern and something that was not the case up until a few years ago when capitalization rates on residential real estate became more suppressed. This model walks through...
Will we ever see pre construction projects in the Toronto core for less than $1,500/per square foot (PSF)? It certainly doesn’t seem like it. Assuming the government maintains its aggressive immigration targets and city hall keeps the status quo on its inability to process development applications in a timely manner, there are 3 main catalysts outside of government involvement that will push prices...
"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...
