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Top 10 Real Estate News Stories From Nov. 2 – 16, 2017

Our CondoNow experts have narrowed down the top 10 real estate news stories from Nov. 2 – 16 , 2017.

From the Parkdale neighbourhood mega-project proposal to Vancouver taking the title of most unaffordable in North America to an increase in immigration over the next 3 years, we’ve cultivated a list of the top 10 stories. Here’s the latest news!

DEVELOPMENT UPDATES

 

Is This Corner The Tipping Point For Parkdale?

The neighbourhood has yet to experience gentrification on the scale that a two-tower condo mega-project approved for King and Dufferin will bring.
Full Story On NowToronto.Com

 
Cancellation Of 10-Storey Toronto Condo Tower Throws Buyers Back Into Pricey Market

Call for tighter regulations and more protections for buyers of pre-construction projects.
Full Story On FinancialPost.Com

 

Toronto Future Transit Links Hold Promise Of Substantial Real Estate Investment

…rapid population growth and demand for commercial space will challenge government and private developers’ ability to deliver necessary infrastructure.
Full Story On NewsWire.Ca

 

MONEY MATTERS

 

 

Report Calls Vancouver Most Unaffordable Real Estate Market In North America

The study, released…on Monday, describes Vancouver’s “insane affordability gap” and points out that its unaffordability exceeds that of Manhattan and San Francisco.
Full Story On VancouverSun.Com

 

real estate FAQBoomers, Gen X, Millennials: How Living Costs Compare Then and Now

Today’s 25 to 34 year olds are facing low earnings, larger student debts and higher housing prices.
Full Story On GlobalNews.Ca

 

 

FORECASTS & TRENDS

 

 

Toronto Could Welcome Almost 170,000 Immigrants Over The Next 3 Years – Are We Ready?

Affordable housing, finding stable work challenges for newcomers to Canada.
Full Story On CBC.Ca

Toronto’s Future Condo Market Not Building Enough Bedrooms For Millennial Families

Report suggests millennials, downsizing seniors both after larger units in coming years.
Full Story On CBC.Ca

 

Toronto, Vancouver Housing Markets Move In Drastically Different Directions

Canada’s two most expensive housing markets have moved in different directions over the past year, leaving average national sales with an appearance of relative stability that masks sharp regional differences.
Full Story On GlobeAndMail.Com

 

Commuting Time Is The Key For Young Professionals

Distance to the job is the top factor in where Toronto’s talented young workers choose to live.
Full Story On TheStar.Com

 

 

Canada Home Sales Tick Up For Third Straight Month In October

The Canadian Real Estate Association says the number of homes sold went up 0.9 per cent in October, led by the Toronto region and the Fraser Valley in B.C.
Full Story On TheStar.Com

 

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