Latest News

13 Dec 24

Bank of Canada Cuts Interest Rates: Read the Official Statement

Bank of Canada Cuts Interest Rates: Read the Official Statement. Reduces key policy rate to 3.25 per cent. Written By: Financial Post Staff FINANCIAL POST Published: December 11, 2024 Photo...
02 Dec 24

Purpose-Built Rental Starts “Nearly Quadrupled” In A Decade (And More Are On The Way)

Rental construction is having a “renaissance” in Canada, and we’re seeing that realized in starts, completions, and the uptake of multi-unit insurance products from CMHC. Purpose-Built Rental Starts “Nearly Quadrupled”...
29 Nov 24

65% Of Small Toronto Condos Are Owned By Investors

In light of Toronto and Vancouver’s condominium conundrum, where prices for shoebox units remain high despite plummeting sales and rising inventory, StatsCan has released data demonstrating the role that investors...
22 Nov 24

Here’s How Much You Need To Earn To Afford Rent In Toronto vs. Other GTA Spots In November

Downtown Toronto is no longer the priciest spot in the area! NARCITY Narcity Staff Contributor Published: Nov 21, 2024 Photo by Arturo Castaneyra on Unsplash
15 Nov 24

‘Won’t Move The Needle Enough’: Toronto Approves Incentive Stream For Purpose-Built Rental

The program is called the Purpose-built Rental Homes Incentives Stream and, at a high level, it pairs qualifying projects with certain perks, including development charge deferrals and property tax reductions....
08 Nov 24

Roommate Rental Listings Up Nearly 50% Across Major Canadian Markets

“Vancouver and Toronto […] have experienced a notable increase in condo units where owners are subletting spare bedrooms. Additionally, condo investors in these cities are listing individual bedrooms within larger...
01 Nov 24

Toronto has revamped its vacant home tax: Here’s what you need to know

City council voted in October to approve the changes staff recommended to the vacant home tax system. Written By: Mahdis Habibinia / City Hall Bureau Toronto Star Published: Oct. 30,...
25 Oct 24

Size Matters: Renters Prioritizing Space And Price Over Location

Size Matters: Renters Prioritizing Space And Price Over Location A study from simplydbs found that 74% of renters valued price over location, amid a high cost of living. STOREYS By:...
23 Oct 24

The Bank of Canada’s Jumbo Half-Point Rate Cut Sparks New Optimism in the Market

Published October 23rd, 2024 Written by: Mackenzie Scibetta After much anticipation, the Bank of Canada announced a significant rate cut of 50 basis points today, lowering the overnight lending rate to 3.75%. This marks the fourth rate cut of 2024 and follows a sharp decline in Canadian inflation to 1.6% in September—the lowest level in three… View Blog Post
19 Jul 24

Rent for one-bedrooms in Toronto dropped slightly since January: report

CTV NEWS TORONTO Published Feb. 14, 2024 Written by: Alex Arsenych CTVNewsToronto.ca Journalist Though Toronto still boasts the third-priciest rent in the country, the cost has slightly dwindled since January....
20 Mar 24

With Two Months Of Near-Target Inflation, Can The BoC Finally Cut Interest Rates?

TORONTO STOREYS PUBLISHED: March 20, 2024 Written by: Laura Hanrahan Photo by: Shutterstock With January’s 2.9% inflation rate followed by February’s promising 2.8%, it certainly seems like a promising downward...
07 Feb 24

Weak condo market in downtown Toronto leads to dip in rental rates, increased vacancy

THE GLOBE & MAIL PUBLISHED: February 7, 2024 Written by: SHANE DINGMAN Photo by Matthew Henry from Burst