It’s Friday morning at a Tim Hortons in downtown Toronto. The place is hopping with customers eager to get their caffeine fix. Yes, Canada loves its coffee, more so than most other countries in the world. Out of 80 countries, Canada ranked No. 1 in 2015 when tallying up how many litres of coffee per capita […]
Toronto Business Posts
Royal Bank Monitors A Close Eye On Housing In Toronto, Vancouver
In toronto real estate, Royal Bank CEO David McKay says the lender is “closely monitoring” the real estate markets in Vancouver and Toronto, where home prices have been climbing at a breakneck pace. “The short supply of single-family homes in both cities — coupled with strong demand fuelled by household formation, including net immigration […]
RBC looks at how price growth happens
In toronto real estate, many an armchair analyst has speculated on the factors behind Toronto and Vancouver’s runaway home values. And now, a recent study by RBC Capital Markets brings more data to the table. According to its report, home prices increased at a compound rate of 5.6% annually from 1999 to 2015 in Toronto and 6.2% in Vancouver, outperforming the […]
Renters causing demand for new Toronto highrise construction
In Toronto real estate, a study by real estate consultant Urbanation and obtained by CBC News shows much of Toronto’s high rise construction in 2016 is being fuelled by demand from renters who are either unable or unwilling to pay record prices for real estate. It’s a significant change from the previous decade’s boom, which was spurred primarily by […]
CREA reports Canadian homes sales decline in June, 2016
In Toronto real estate, Canadian home sales declined in June 2016, according to statistics released today by the Canadian Real Estate Association (CREA). Sales activity was down from the previous month in about half of all markets in June, 2016, with declines in Greater Vancouver, the Fraser Valley and Greater Toronto having eclipsed gains in comparatively less active […]
