This Toronto Life article about a 32-year-old who has managed to buy 10 homes in the city is very Toronto Life. At a time where many young people are struggling to afford housing, here is a millennial who has bought 10 of them (albeit with… Read More
At the end of last month, Toronto City Council adopted the “Housing Now” action plan. The first phase of the plan involves the public marketing of 11 city-owned sites for the purpose of finding non-profit and private sector partners to help redevelop the lands with… Read More
I was looking at this laneway house for sale in Toronto today. It’s located near Queen and Bathurst. It has 3 bedrooms and 3 bathrooms and is about 2,331 square feet (that looks to include a basement). The lot appears to be just over 13′ wide.… Read More
The Institute for Housing Studies at DePaul University recently published this overview of the “socioeconomic factors affecting demand for housing in Chicago.” Here is the change in population in the City of Chicago from 1950 to 2016: And here is a comparison between Chicago and… Read More
Last Thursday the Supreme Court of Canada announced it would not hear an appeal from the Toronto Real Estate Board regarding a 2016 Competition Bureau decision aimed at giving consumers greater online access to information, such as historical (home) sale prices. I am not at… Read More
This afternoon my friend Gabriel, of Gabriel Fain Architects, sent me the work of APOLLO Architects & Associates. They are based in Japan and South Korea. Here is a preview of some of their “private houses”: There is a lot that I love about these homes. … Read More
The Urban Institute has a new study out that looks to explain why Millennial homeownership rates are lower than that of previous generations. The typical refrain is that Millennials have a lot more student debt and that the cost of housing in urban centers has… Read More
In an effort to curb the much talked-about and much debated empty home situation in Vancouver (supposedly the number is ~20k vacant homes), the city, as many of you know, implemented an Empty Homes Tax. To enforce this, the City of Vancouver now requires that… Read More
February data (2018) for the new home market in the Greater Toronto Area was released this past week by BILD and Altus. I seem to have gotten into the habit of writing about this every month. The benchmark price for new low-rise single-family housing was… Read More
I was out for drinks recently with a friend of mine who is a developer in California and she mentioned a few things to me that I thought were really interesting. First, she talked about how virtually nothing gets built in the Bay Area “as of… Read More
