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RealServus acquires StreetCity, Ontario brokerage with 170 agents

1 day ago

RealServus acquires StreetCity, a brokerage with 170 agents

Toronto-based proptech firm and real estate investment platform RealServus has acquired London-based StreetCity Realty, a move aimed at expanding RealServus’ reach in Ontario and supporting its national growth strategy.

BoC keeps interest rate at 2.75% as trade uncertainty persists

The Bank of Canada held the overnight interest rate at 2.75 per cent, as it continues to assess impacts of a trade war with the U.S. But the decision is “extremely disappointing” for the real estate industry.

Toronto wrangles with a simple question: What is a multiplex?

According to the City of Toronto, a multiplex built in neighbourhoods zoned for low-rise residential can have up to four units. Council’s planning and housing committee next week will begin considering whether to stretch that definition.

Culture, not just cost, is stopping family housing development

COLUMN: In Canada and much of North America, it’s culture that keeps families out of apartments. If we want to solve our housing crisis, we need to tackle this head-on, according to architect and urban designer Naama Blonder.

Greater Toronto home sales fell 13.3% in May

Home sales in the Greater Toronto Area remained weak in May while inventory levels were up. The Toronto Regional Real Estate Board said in a release Wednesday 6,244 homes were sold in May, down 13.3 per cent year-over-year. 

Report questions feds' promise of 500,000 starts a year

The federal government was elected on an ambitious housing plan that promises to build about 500,000 new homes a year, but a report by Toronto-Dominion Bank released on Tuesday said the proposed policies will fall short of achieving that objective.

The rise of introverted clients - and the Realtors who get them

Pandemic-era lockdowns had their pluses for those of us who are introverts. In the case of Century 21's Percy Fulton brokerage, it led to a less in-your-face way of doing business that better suited many of its more reserved clients. 

U.K. architects eye B.C. work as employment barriers loosen

The governing bodies of the architecture profession in Canada and the U.K. have signed an agreement allowing architects in each country to more seamlessly practice in the other. The move could help both countries better grapple with their housing challenges.

Fixed-rate mortgage interest rates unlikely to drop soon

Interest rates on fixed-rate mortgages won’t go down any time soon as U.S. tariffs continue to cast uncertainty on global markets, pushing mortgage shoppers to inquire more about variable rates, brokers say. 

Will proposed GST rebate help first-time homebuyers?

The federal government’s plan to offer a GST rebate to first-time homebuyers of new construction houses has come under fire from builders who say it doesn’t go far enough. The government will remove the tax from new homes under $1 million.

How to get ready to make an offer on your first home

Saving up for a down payment is just the first step. First-time buyers should have their financing and a letter of approval lined up. They should also budget for additional expenses like closing costs, inspections, moving, insurance and furniture.

Rental developers offering Toronto tenants private health care

It’s always a perk having a pool, gym or parking space in your apartment building. But how about free virtual health-care services? Now, residents in Toronto have access to that niche offering in select rental buildings.

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