Municipalities will have the power to force developers to build affordable housing under new legislation introduced at Queen’s Park Wednesday, May 18, 2016. The Promoting Affordable Housing Act will allow municipalities to implement “inclusionary zoning,” which would mandate affordable units be included in residential properties. Inclusionary zoning is used in the United States and […]
affordable housing
Central Toronto Real Estate TREB Released June, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released June, 2019 Resale Market Figures Toronto Real Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a […]
Central Toronto Real Estate TREB Released May, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released May, 2019 Resale Market Figures Toronto Real Estate Board President announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019. This result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, Please note that […]
Toronto opposes Ford’s new housing plan for lack of affordable housing, reduced revenue
Toronto opposes Ford’s new housing plan for lack of affordable housing, reduced revenue Toronto council has voted to oppose the provincial government’s new housing supply plan, with city staff and councillors citing concerns about reduced city revenue, less control over planning, and a lack of “tools” to mandate affordable units. The new plan, heading […]
Central Toronto Real Estate TREB Released April, 2019 Resale Market Figures
Central Toronto Real Estate TREB Released April, 2019 Resale Market Figures TREB announced that the Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted […]