Carol SL Mark’s Blog

Monthly payments are high, but rents are decreasing, leading more first-time buyers to enter the condo market in Greater Toronto Area. Condo listings have increased significantly, while sales have dropped by 19.8% in Q2 2024. Chief Market Analyst warns that lower rents and high inventory may not last. Continue to full article

Canadian homeowners are adding flood coverage to their insurance policies due to increased extreme weather events. After flash flooding in southern Ontario, residents found their insurance didn't cover flooding, leading to a surge in optional coverage. The insurance industry is paying more for severe weather claims, leading to the creation of a national flood insurance…

Nesto, an online mortgage lender, has acquired CMLS Group. Avison Young's report shows Toronto's office market vacancy rates rose overall but fell in certain areas. Class A and trophy buildings saw gains, while class B and C buildings experienced losses. Average office space rental rates increased to $27.3 per square foot. Potential changes to Toronto's…

Toronto's office space available for lease surged in Q2 2024, with a fifth of the market now up for lease. Vacant space increased to 14%, while sublet space accounts for 4.2%. Despite high vacancies, prices hit record highs. Demand is stronger in the north and west of the city. Average net asking prices per sqft…

The City of Toronto is expanding its list of pre-qualified vendors to speed up modular housing construction. They aim to make these vendors available to all municipalities in Ontario. This initiative includes strengthening guidelines and tools for off-site building approvals. The move is in response to calls for more affordable housing and aims to unlock…