As the average price of a home in Canada rises year-over-year, a new study is highlighting the growing gap between the cost of condominiums and houses in major Canadian cities. Conducted by Point2 Homes and published earlier this month, the study shows that house prices are more than double the cost of condominiums in 14 […]
Continue ReadingIt’s undeniable that Airbnb properties have the potential to generate huge rental returns, but unfortunately, this potential alone will not boost your bank balance. As I’m sure you’ve already gathered, with successful short-term letting businesses, location is everything! Now, although Airbnb is famous for having rental properties in pretty much all environments in every corner […]
Continue ReadingIn a narrative that Torontonians know all too well, rents across the city are soaring. According to the latest national rent report from Rentals.ca, average rent in the city rose to a budget-bruising $2,763 in January, up 20.8% from the year prior. The Toronto rental market continues to be the second-priciest in the country. Rental […]
Continue ReadingIn the midst of the current economic climate, the demand for rental properties has seen a significant upsurge, the latest studies show. A recent 2023 Landlord Report has seen 62.24% of buy-to-let landlords state they have experienced an increase in demand for their rental properties over the last 12 months. The research comes courtesy of […]
Continue ReadingWritten for Daily Hive Urbanized by Neil Vokey, who is a renter in East Vancouver and a member of the Vancouver Tenants Union. Last year, the City of Vancouver passed the controversial Broadway Plan covering 485 city blocks that parallel the incoming SkyTrain Millennium Line extension to Arbutus. The Broadway Plan aims to guide development […]
Continue ReadingCanadian luxury real estate may be shifting into buyer’s market conditions this year, according to a new report from Sotheby’s International Realty Canada, as prices readjust from pandemic-related upheavals. The report issued Wednesday said buyers and sellers retreated from the luxury market in 2022 as the housing market responded to challenges like interest rate hikes, […]
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