Torontonians Moving Less Often

A study by Ryerson University’s Centre for Urban Research and Land Development has shown that Canadian homeowners in major urban centres moved less often in 2016 than in 2006, with the largest change (-7.6%) in the Toronto area. While renters also moved less often, the reduction in moving frequency was much less than for homeowners. The… Read More

City of Toronto Supports “Missing Middle” Housing Options

Last week, Toronto City Council voted 20-3 to approve Mayor John Tory’s motion to expand “missing middle” housing options in areas designated as Neighbourhoods in Toronto’s Official Plan. These neighbourhoods coloured yellow in the City’s land use plan map are known as the “Yellowbelt”, mainly zoned for single and semi-detached housing since the 1960’s, accounting for approximately… Read More

Millennials Dream of Home Ownership

Millennials are facing significant affordability challenges, but they definitely haven’t given up the dream of home ownership. HSBC’s annual “Beyond the Bricks” survey shows that 34% of Canadian millennials own their own home, and 83% intend to buy within the next five years, although slow salary growth and increasing home prices will make that goal… Read More

Summer Slowdown Has Begun In Toronto

Following the normal seasonal trend, prices and sales in June were lower than in May, beginning the slowdown that typically begins in mid June and continues until late August. Because of our short summer season, many buyers and sellers decide to take a break until after labour day, and the market therefore tends to ‘thin… Read More