The Annex The popularity of this neighbourhood is partly driven by the proximity to the University of Toronto's St. George Campus. However, this neighbourhood attracts many people into the Toronto housing market thanks to its wide assortment of independent book shops, cafes, and music venues that will likely see their doors swing open again in 2021 as the COVID-19 vaccine is rolled out. The...

Canada’s top central banker isn’t worried about the country’s hot housing market, saying low-interest rates and demand for space rather than speculation are behind the price gains. Accommodative monetary policy, a preference for more living area and the ability to work from home during the pandemic are the main reasons demand for single-family homes across the country has been so robust,...

COVID-19: Government Financial Support During Lockdowns Please note: the federal government is constantly updating its website as new information is announced. Remember to check Canada’s official coronavirus webpage and CREA’s COVID-19 online hub to stay up to date. As some provinces re-enter strict lockdowns to combat the spread of COVID-19, here are the financial assistance options currently...

Pandemic-induced restrictions at the Canadian border have led to major declines in both permanent and non-permanent residents arriving in the country. In turn, these sharp declines have caused the country’s population growth rate to fall from the record-breaking levels seen over the past few years. Now, the impact on the country’s rental market is becoming more apparent as the pandemic drags on,...

The impacts, it says, could worsen the region’s housing shortage, affect thousands of jobs, and have a massive impact of government revenues over the coming months and years. A Building Industry and Land Development Association (BILD) survey has found 498 residential construction projects by its members in the Greater Toronto Area have been delayed by the COVID-19 pandemic. In Toronto itself,...