Municipalities will have the power to force developers to build affordable housing under new legislation introduced at Queen’s Park Wednesday, May 18, 2016. The Promoting Affordable Housing Act will allow municipalities to implement “inclusionary zoning,” which would mandate affordable units be included in residential properties. Inclusionary zoning is used in the United States and […]
toronto real estate
Condo market joins in Toronto’s real estate boom in 2016
The bidding melees that have flummoxed Toronto house hunters for years are erupting with increasing frequency in the condo market. A one-bedroom-plus-den near Trinity Bellwoods Park on Queen Street West recently landed on the market with an asking price of $499,000. Robin Pope, of Pope Real Estate Ltd., took a pair of buyers to […]
5 things to know when buying a home in the GTHA
If you’re thinking about buying a place to live in the Greater Toronto and Hamilton Area (GTHA), the price of housing is likely top of mind. And with prices continuing to go up — such as in Hamilton’s hot market — you may feel that what you can afford will limit where you can […]
Landlord licensing passed first major hurdle at Toronto City hall
The push to license landlords of the City of Toronto’s apartment buildings is now in council’s hands, despite what some called an attempt to delay the issue by Mayor John Tory’s office. On Thursday, the licensing and standards committee voted unanimously to ask council to move ahead with consultations on a licensing framework that […]
Average Price of a Detached Toronto Home nears $1.2-million
The average price of a detached house in Toronto is nearing the $1.2-million mark in March, 2016. Across the Greater Toronto Area, according to statistics released in the end of March, 2016, average prices for all types of homes surged 12.1 per cent in March from a year earlier, bringing first-quarter gains to 13.6 […]
