Category: Uncategorized
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Province unveils proposal for 11 tall towers in Midtown Oakville
Infrastructure Ontario is proposing a transit-oriented community (TOC) in Oakville’s Midtown area, featuring 11 towers between 46 and 59 storeys high, developed by Distrikt Developments. The project aims to create approximately 6,908 residential units and enhance local amenities near the Oakville GO Station. While the plan includes various public spaces and transportation improvements, some local…
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Is 2025 the Year to Buy an Ontario Cottage?
Ontario cottage market anticipates strong 2025 sales due to improved buyer sentiment and falling rates. Cottage prices have levelled but are expected to rise, particularly for scarce waterfront properties.
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Lowered Projections Signal Ontario Housing Struggles
Ontario lowers new housing projections for coming years, missing its 1.5M home target. 2024’s target of 125K homes has been reduced to 81,300 due to economic factors.
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Ontario’s Winter Vacation Homes Set to Soar
The median price for Canadian vacation properties is projected to rise 7%. Canada's winter vacation properties may reach a median price of $1,019,960.
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Municipality Adopts Cost of Living Adjustment for 2025
At the November 18 council meeting, a report recommended a 2% cost of living adjustment (COLA) for the township’s compensation programs in 2025, which was unanimously approved. This adjustment applies to staff compensation, council honorariums, and the volunteer firefighter program, ensuring competitiveness in the job market. The financial impact is estimated at $25,096, with plans…
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Toronto: 15th Among World’s Best Cities in 2025
Toronto ranked 15th on the list of the world's best cities for its quality of life. Notable for its high tree cover and educational achievements.
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TRREB Calls for Ontario’s Landlord and Tenant Board to Take Action to Tackle Backlogs
The Toronto Regional Real Estate Board (TRREB) released a report addressing inefficiencies in Ontario's Landlord and Tenant Board (LTB) and their impact on the housing market. The report calls for reforms to improve LTB operations, including reinstating in-person hearings, reducing the backlog, enhancing staffing and training, and upgrading technology. With over 53,000 unresolved cases, TRREB…
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Why Toronto Is Among Canada’s Best Young Adult Cities
Toronto, Ontario, is Canada’s largest city with a population of approximately 2.9M people. The avg cost of living in Toronto is $1,516/month, with one-bedroom rentals at $2,500.
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Grey County Gives First Approval to 2025 Budget with 3.3% Tax Levy Increase
Grey County Council has approved its 2025 budget, totaling $302.4 million, with a property levy increase of 3.33%. This will raise the county portion of residential property taxes by $12.95 per $100,000 assessed value, resulting in an estimated annual increase of $37.42 for an average home. Key projects include the Rockwood Terrace Redevelopment, new paramedic…
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GTA Home Prices to Grow 5% by End-2025
Home prices in GTA are projected to rise 5% annually, reaching $1.23 million by Q4 2025. GTA remains one of Canada’s priciest markets, with average home prices above $1 million.