CBRE's Paul Morassutti explains that various factors since 2022 have influenced the divergence in activity between private buyers and institutional investors in the real estate market. These factors include rising interest rates, uncertainty in the office market, slower industrial rent growth, and speculation of regulatory changes for multifamily properties. Institutional investors, who typically target...
If you're searching for valuable real estate in Canada, avoiding the Greater Toronto Area (GTA) and Greater Vancouver is advised. According to MoneySense's Where to Buy Real Estate in Canada 2023 report, the GTA ranked 42nd out of 45 cities regarding value and buying conditions, while Vancouver secured the 44th spot. Mississauga falls between the two, and Oakville-Milton was ranked as Canada's worst place...
The new home market in the Greater Toronto Area (GTA) has been somewhat lacklustre in 2022, and March was no exception. However, the Building Industry and Land Development Association (BILD) reported that the segment picked up almost 40% in March, with 1,277 sales recorded, up from 925 in February. The figure is still 70% lower than in March 2021 and 65% below the 10-year average, but it suggests that the...
Urbanation Inc. has released its Q1-2023 rental market results, showing that the average rents for purpose-built rental buildings completed since 2005 in the Greater Toronto Area (GTA) have reached a record high of $3,002, with a slower annual rent growth rate of 13.8% compared to Q1-2022. The average transacted rents for condominiums in the GTA also grew at a similar annual rate of 13.6%, with the fastest...
The Ontario government is considering implementing a cooling-off period for new freehold home sales. Currently, there is a 10-day cancellation period for purchasers of new condominiums from a builder, but such this cooling-off period is not mandatory for new freehold homes. If approved, builders would be required to inform buyers of the cooling-off period, which would then allow buyers to rescind their...
Canada is facing a shortage of purpose-built rental housing, with economists predicting a deficit of 25K-30K units already. If the situation doesn't improve, the shortage could quadruple by 2026, reaching over 120K units. Immigration growth and declining affordability are contributing to the problem, while purpose-built rental vacancy rates have fallen to 1.9%, the lowest point in 21 years. To address the...
بر اساس مطالعات انجام شده در حال حاضر با درنظر گرفتن افزایش در تعداد متقاضان مسکن های اجاره ای , بیش از 25 تا 30 هزار واحد مسکونی قابل اجاره کمبود وجود دارد .گرچه در سال 2022 بیشترین افزایش را در تعداد واحدهای اجاره ای در حال ساخت...
Canada’s population grew at a near-record pace in 2022, with an increase of over 1 million people, pushing the population growth rate to 2.7%, the highest level since 1957. Almost all of the population growth was due to international migration, with 437,180 new immigrants entering the country and a net increase of 607,782 non-permanent residents. Canada is leading the G7 countries in population growth...
by futurist admin2
by futurist admin2