A new 10-storey condominium building with 174 apartments is proposed for Cottrelle Boulevard in Brampton, featuring underground parking and rooftop amenities. The project, named Valley Creek Condominiums, includes 11 studio units, 95 one-bedroom, 59 two-bedroom, and 9 three-bedroom apartments. The city is advancing zoning applications after a planning committee meeting. The development will provide...
Market Update
Roof Inspection - Look for signs of damage or aging - Conduct up-close assessments, not just visual checks - Ensure no unforeseen expenses post-purchase - Verify roof and structural warranties Foundation and Structure - Look for cracks, settling, or moisture infiltration - Assess structural integrity - Identify deferred maintenance issues early...
The GTA housing market showed signs of recovery with an 8.5% increase in home sales. If interest rates continue to decline, a winter surge in home sales and prices is anticipated....
Norfolk and Haldimand face rising demand for rent-geared-to-income (RGI) and affordable housing, with long waits.By 2031, over 18K residents will require housing support, increasing from the current 14,217....
New condo sales in GTHA totalled 567 units in Q3-2024, the lowest since Q1-1995. Sales ↓ 81% yearly, 87% below the latest 10-year avg for Q3....
The GTA's housing supply could deteriorate in the coming years due to declining development applications. Population growth continues to outpace new housing, worsening the existing supply shortage in the GTA....
Raising the insured mortgage cap to $1.5 million may increase market activity, especially in the Greater Toronto Area. Around 20% of homes fall within the new range, with the GTA’s median home price at $1.2 million....
London has the highest downtown office vacancy rate in Canada, reaching 31.4% in the third quarter, up from 30.6% previously. Calgary follows with a 29.6% rate. Experts suggest that the increase is due to companies adjusting their office needs rather than a specific event. While the national downtown vacancy rate remains steady at 19.7%, there is hope for London as larger cities see increased activity....
Double-digit condominium inventory growth in Toronto reflects increased seller participation as buyers anticipate future rate cuts.Average condominium prices in Greater Toronto fell by 2% compared to the previous year, reaching ~$733K...
The City of London has implemented new regulations to expand residential unit availability, allowing homeowners to create up to four units on properties zoned for various types of dwellings. The five-bedroom limit has been removed in most areas, with exceptions near campuses. Additional Residential Units (ARUs) can now be built without needing zoning amendments, provided they meet existing regulations....