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Max Ortoli & Nikki Lobello
Sales Representatives
mortoli@trebnet.com

Homelife Romano Realty Ltd.
Brokerage
Independently owned and operated.

Max Ortoli & Nikki Lobello Sales Representatives

Homelife Romano Realty Ltd. Brokerage

Independently owned and operated

3500 Dufferin St., Suite 101, Toronto Ontario, M3K 1N2

Direct: 416-970-0352

Phone: 416-635-1232

Fax: 416-636-0246

Inbox - In The News

August 30, 2019 - Updated: August 30, 2019

 

Inbox - In The News

August 26-30, 2019

 

Toronto & GTA

 

Here are some of the players appearing at the hearing into Toronto’s short-term rental rules

Six days of hearings commenced at the start of the week involving a spectrum of stakeholders of short-term rentals in the city of Toronto ranging from industry professionals, landlords, and tenant organizations.

 

Ontario urged to encourage immigrants to look beyond GTA

With 80 per cent of new immigrants settling in the GTA, the federal government launched pilot program to assist the province of Ontario in building stronger communities outside of the GTA.

 

Rents are climbing even for purpose-built rentals

Purpose-built rental buildings generally served as a more inexpensive alternative to condos in Toronto; however, the average rents of PBRs have increased more than their counterpart during a span of nine months from October 2018 through June 2019 due to constraints created by financing and inventory levels.

 

 

Canada

 

Major real estate deal: Canada’s largest artificial intelligence hub O Mile-Ex is changing hands

Home to some twenty tenants, one of Montreal’s most significant real estate and tech success stories has been sold to Spear Street Capital, a San Francisco real estate fund that develops buildings for companies active in tech and other sectors.

 

Forget Toronto. Buying in PEI increasingly ‘cutthroat’ as home prices rise

Multiple offers are beginning to spread in PEI. Over the past three years, the average price of a house in the province’s capital, Charlottetown, have increased 38.5 per cent and has a vacancy rate of 0.2 per cent in the downtown area.

 

Toronto condo prices rocket up – while Vancouver prices fall

The price per square foot of new condos in the GTA increased 9.1 per cent to $743 in the twelve months ending in July; whereas, the largest drop in any major Canadian market was in Vancouver where condo prices have dropped 8.3 per cent to $764 per square foot.

 

Condo, the ‘future of our communities,’ now cost more per square foot than a detached home

The gap between the price per square foot of condos and detached continued to narrow across the country between January through to July when compared to the same time period in 2018.

 

 

USA

 

This piece of the US real estate market is flashing a warning sign

Chinese investment in commercial and retail real estate in the US has diminished over the past two years as investment has significantly increased by Canadian firms over the same time period, accounting for 55 per cent of all foreign investment in the sector.


 

International

 

Homebuying falls to five-year low in Scotland

Fewer transactions took place in Scotland since 2014 due to higher taxes, low inventory, lowered confidence in the market, and higher prices driving up deposits required to purchase.


Tagged with: real estate real estate news canada canadian real estate toronto toronto real estate the 6ix international real estate
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