Toronto election 2022: Penalosa flip flops on strong-mayor veto

Toronto mayoral candidate Gil Penalosa is giving mixed signals about whether he would use the new powers of his office to veto local objections to housing construction if he’s elected next month. At a meeting with the Star’s editorial board on Monday, Penalosa, who is considered Mayor John Tory’s highest-profile challenger in the Oct. 24 … Read more

Foreign students face rental ripoffs

Foreign students face rental ripoffs | The Star n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”Average rent for a one-bedroom apartment in the Toronto area”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Meanwhile, the same experts warn that these rental deposit demands, largely targeting foreign nationals and quietly enabled by realtors, are harming both Toronto’s numerous post-secondary institutions and its reputation as a welcoming place for international students pursuing higher … Read more

Census shows Vancouver’s housing problem persisting

VANCOUVER—The number of people in who need better housing in Metro Vancouver has increased by more than 20,000 over the past decade, according to the latest census figures. While the percentage of those in what’s called “core housing need” actually dropped, Andy Yan, the director of Simon Fraser University’s City Program, said the numbers still … Read more

Bigger, bolder, higher: Vancouver’s push for density has builders rejigging their plans

Rendering of the original Raphael building.Cape Group When Vancouver developer Zack Ross heard that the Broadway Plan had been approved, he immediately ordered all work stopped at the site of a 95-unit apartment building on East 2nd Avenue, in the False Creek Flats area. Instead of a five-storey building, Mr. Ross now had the potential … Read more

New build sales slump in GTA

The interest rate induced slump in Toronto region real estate hit the new construction home market in August with condo and single-family housing sales plunging more than 80 per cent below last year’s levels and falling well beneath the 10-year averages. Prices, however, continued to rise, according to a report from the Building Industry and … Read more

Homes at or under $1 million in Toronto August/September 2022

If I had a million dollars, I would buy you a… tiny one bedroom condo? Fixer-upper that needed extensive repairs to be habitable? Suburban home an hour and a half from work? The old Barenaked Ladies song talks about purchasing a house with that sum, but in Toronto, it hasn’t come close to cutting it … Read more

CREA lowers expectations for home sales and price growth for 2022

OTTAWA – The Canadian Real Estate Association is cutting its forecast for home sales this year and lowering its expectations for price growth. In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year, down 20 per cent from the 2021 annual … Read more

Toronto housing: Gil Penalosa makes pitch for density

Toronto mayoral contender Gil Penalosa wants to give homeowners the right to legally create up to six units in their homes, as outlined among a series of pitches to tackle the city’s housing crisis. Penalosa, a prominent urbanist challenging incumbent John Tory this fall, outlined his housing platform Wednesday morning. It includes several planks aimed … Read more

Should ‘Vacancy Control’ Be a Ballot Issue?

One possible response to Vancouver’s housing crisis that has been largely overlooked is a strategy called vacancy control. It was once the law of the land. We should take a hard look at bringing it back. Announcements, Events & more from Tyee and select partners Come to Our Launch of Geoff Dembicki’s ‘The Petroleum Papers’ … Read more