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Office-to-housing conversions could be win-win in the GTA: JLL

1 month ago

Office-to-housing conversions could be win-win in GTA: JLL

A new JLL report asserts office-to-residential conversions in the Greater Toronto Area could be a boon for both sectors of the city’s real estate market - and calls on the city to remove one impediment to such projects.

Housing market to see 'sizeable' bump this quarter: expert

TD Bank (TD-T) economist Rishi Sondhi says he expects a significant increase in housing market activity from now until year-end as more buyers come off the sidelines in the wake of Bank of Canada interest rate cuts.

Canada home sales lacklustre in September: CREA

The Canadian Real Estate Association (CREA) predicts 2025 will be the year buyers come back to the market. CREA anticipates there will be 499,800 home purchases next year, 6.6 per cent higher than this year.

Investors have wreaked havoc on the Toronto condo market

Toronto's condo market is in crisis. Investors have exacerbated the sector's boom and bust cycle and it's left consumers in the lurch. Experts say the city needs to break free of a market that’s overreliant on investors.

Bank of Mom and Dad goes to work on the condo segment

While investors eschew the condo segment altogether and downsizers tread cautiously, an emerging cohort of buyers has entered the arena: well-established homeowners eyeing the current weakness as an opportunity to purchase units for their adult children.

Where renovators went when home flipping in T.O. got harder

Larger profit margins and opportunities for short-term rentals are two reasons home flippers have gone beyond the Greater Toronto Area. Stoney Creek and the Kawartha Lakes region, both in Ontario, and Calgary are prime locations.

How two renovators doubled the price of a Toronto home

Andrew Parashis and one of his business partners, Andrew Cowe, bought a heavily water-damaged home in Toronto's Junction neighbourhood for $950,000 and sold it for over $1.8 million. They walked the Toronto Star through the process.

Quebec’s Q3 market surges with 13% sales growth: QPAREB

The Quebec Professional Association of Real Estate Brokers (QPAREB) says 20,620 residential sales were recorded across the province in Q3 — marking a 13 per cent increase from the same period in 2023.

Vancouver housing market sales lag, prices slip

OPINION: Housing market activity in B.C.'s Lower Mainland sputtered again in September, even as affordability conditions started to improve for homebuyers. Despite lower mortgage rates, many prospective homebuyers are opting to stay patient.

Mortgage hunters are banking on a big drop in rates

Fixed rates have fallen 150-plus basis points in a year. But with all the falling rate headlines lately, people expect more. While the latest increases may have people on edge, the real suspense is all about what comes next.

Fixed mortgage rates are already nearing their bottom

The Bank of Canada is widely expected to cut its headline interest rate by an additional 2 or 2.5 percentage points in the coming year, but fixed rates for five-year and three-year mortgages will likely drop by much smaller amounts.

Hazelview blends new and old along Toronto's Broadway Ave.

Hazelview Investments is trying to alleviate Toronto’s rental housing deficit with a couple of major projects that will deliver over 1,300 rental units to a market desperate for inventory. It will also result in the upgrading of 184 existing apartments.

Startup connects students with older homeowners

Launched last year amid a national housing crisis and an epidemic of loneliness, SpacesShared offers a model whereby students can find safe, affordable housing, and homeowners can tap into help and companionship in order to age in place.

Cities can’t be trusted to build the housing we need

OPINION: Earlier this year, Ontario Premier Doug Ford said he did not intend to legalize fourplex housing province-wide. Instead, he left it up to local councils. What he didn't anticipate was most municipalities were simply not interested in building housing.

What to consider before using your home for rental income

According to a recent survey from Re/Max Canada, many Canadians are exploring non-traditional pathways to home ownership, or using their home to help cover rising costs. But buyers and owners need to ensure they’re protecting themselves from potential liability.

Wahi launches AI-powered image search for homebuyers

Toronto-based digital real estate company Wahi has launched what it says is the first image filter in Canada that lets homebuyers search for specific features they want in a home using listing photos. 

Winnipeg real estate agent suspended after hiding home's defects

The Manitoba Securities Commission has barred a real estate agent from selling homes for three years and ordered him to pay nearly $35,000 after he concealed a Winnipeg home's defects before it was sold and then lied to investigators.

Ontario home for sale is unlike any other in the province

At first, this Grey Highlands, Ont. property might look like a farm with a couple of grain sheds on it. But what the untrained eye is missing is a custom-built home that blends cutting-edge design and nature. 

U.K. builder Bellway sees home sales rise

Bellway Plc is the latest homebuilder to note signs of improvement in the British housing market after years of declines. High interest rates and construction costs have limited the amount of homes built by the U.K.’s biggest developers in recent years.

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