Category: Uncategorized

Toronto Mayor wants to build housing in St. Lawrence neighborhood by combining a new library branch with mixed-income apartments. City policies and objections from library staff are obstacles. Suggestions include a high-rise tower with market and subsidized housing. Overcoming technical issues and reshuffling spaces with good architects could lead to a successful project. Continue to…

International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations…

Toronto's construction costs surged by 40.5% from January 2020 to August 2023. Canada's Residential Construction Price Index rose 51% since Q1 2020.

Toronto Mayor Olivia Chow plans to lower the proposed property tax increase for multi-residential dwellings to prevent big rent increases. The maximum increase will be below 3.75%, and the exact figure is still being worked out. The move aims to help renters who are already struggling to pay for housing. The budget, to be tabled…

Preparing to purchase a condo in Toronto can be stressful due to high costs and limited inventory. However, a recent report suggests that condo apartments are the most affordable option for single-income buyers. Edmonton is the most affordable city for solo buyers, while London & St. Thomas is the best in Ontario. Toronto requires 10…

Toronto faces its largest property tax hike, proposed at 10.5%. The increase aims to address a $1.8B budget deficit, prompting mixed reactions and homeowner concerns.

Toronto's Housing Now initiative is making progress, with development approvals in place for 10 of the 22 identified sites. Construction has begun on one site, with two more expected to start this year. The initiative aims to create over 16,000 new homes, with a third of them being affordable rentals. The sites include mixed-use communities…

Landlords in Toronto offer cash to tenants to vacate units, primarily due to financial pressure from higher interest rates. Cash for keys is most common in rent-controlled condos where monthly rent falls short of investor expectations.

Toronto proposes a 10.5% property tax hike amid an affordability crisis. The increase would cost the avg homeowner nearly $400 more annually. The $17B operating budget is introduced, signaling financial measures to address city concerns.

Greater Toronto real estate saw a boost in existing home sales in January, outpacing new inventory and firming the market. However, the growth did not translate into a balanced market and was unable to prevent home prices from falling further. The benchmark for home prices in the region slipped 0.1% to $1,065,800, with the City…