Real eState

The top real estate stories of 2020 – Post City

Published

4 years ago

December 25, 2020

Toronto real estate is always a popular topic, and this year there has been much to talk about. First, the pandemic resulted in a massive drop in activity as the world shut down, but then a huge resurgence and major gains across the market. What’s next? We can’t wait to find out. Here are our top five real estate stories of 2020.

Real estate roundtable 2020

Stories of the local housing market are always very well-read, and 2020 was no different. Our annual real estate roundtable was one of the most widely read stories this year, even though everything changed just a month later with the onset of the pandemic.

Condo market breakdown

The big story in real estate is the massive decline in the Toronto condo market. While other properties, especially detached homes, have shown large gains over the last year, the condo market has lagged behind. The desire to get out of the downtown market has also resulted in an exodus to suburbia and small towns across the GTA.

Lofts never go out of style

One of our most popular real stories was a spotlight on a sweet Leslieville loft that recently had $50,000 in upgrades before it hit the market. This gem had all the loft fixings including exposed red brick, soaring heights with a flood of natural light, and wood ceilings.

A $6,500 Rosedale rental

Although rental rates have been a big story in Toronto this year, this one made news not just because of its price tag, but also its 14-month renovation that turned a dated old Rosedale home into a gorgeous stately executive rental home.

A guide to condo investing

Condo expert Brad Lamb answered a few questions about how to start investing in condos. Although the market has slowed to the point of contraction, it is also thought to be an ideal time to buy over the next couple of months.

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Real eState

Homelessness: Tiny home village to open next week in Halifax suburb

Published

20 hours ago

October 24, 2024

Anne Joseph

HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

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Real eState

Here are some facts about British Columbia’s housing market

Published

1 week ago

October 17, 2024

Anne Joseph

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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B.C. voters face atmospheric river with heavy rain, high winds on election day

Published

1 week ago

October 17, 2024

Anne Joseph

VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.

Wednesday was the last day for advance voting, which started on Oct. 10.

More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.

Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.

An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.

This report by The Canadian Press was first published Oct. 17, 2024.

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