Month: November 2015
Dawn of the Rental Boom
November 11, 2015
Author:
Jaime Bell
With rental condominium unit vacancy rates hovering around the 1.8% mark and with an average rent of $1,750/month for a 2 bedroom unit, the condo-rental market in Toronto is hot, and has not gone unnoticed by developers. Over the last year, Toronto has seen a surge in purpose-built rental units by developers seeking to tap[…]
OECD, CMHC and Ben Myers Prognosticate on GTA Real Estate
November 10, 2015
Author:
Leor Margulies
On November 3, 2015, the ULI held its emerging trends conference. With all the hype about Vancouver house prices soaring because of foreign purchasers, and CMHC worrying that certain real estate markets face a high risk of correction, the presentation and opening remarks of Blake Hutcheson from Oxford Properties, Lori-Ann Beausoleil from PwC and Ben[…]