The Real Estate Magazine
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Step into the world of real estate with unparalleled insights into the international and Toronto markets. Experience cutting-edge design, explore lifestyle trends, and immerse yourself in a curated collection of stories that inspire, inform, and elevate your property passions. Welcome to The Real Estate Magazine – where every detail is crafted to perfection.
There's A Reason North America's Tech Talent Is Heading To Toronto
Toronto recently made waves on the web with the news that the Ontario capital had become North America's fastest-growing tech market. According to the CBRE's 2017 North American Scoring Tech Talent report, Toronto added 22,500 new technology jobs to eclipse tech hotbeds New York (5,370) and San Francisco (11,540) combined. In doing so, Toronto leaped from 12th to sixth in the overall annual ranking.
Toronto’s Tech Boom Will Keep Real Estate Frenzy Going: Forecast
Toronto's housing market has seen a marked slowdown since a new non-resident tax successfully pushed many foreign buyers out, but a forecast from real estate agency Engel + Volkers says a new phenomenon is about to take over as the driver of Toronto's housing boom: The tech industry. The influx of tech companies into Toronto's downtown core in recent years has already had "a huge effect" on the real estate market, said Anthony Hitt, president and CEO of Engel + Volkers North America.
What a $15 Million Home Looks Like in 15 Cities
Let’s play a little game. Imagine you have a $15 million real estate budget. You can buy any house, anywhere. What matters to you? What a $15 million house looks like varies—both in terms of square-footage and amenities—depending on the home’s location around the world. Most everyone knows that real estate in New York City or Monaco, for example, is more expensive in terms of square footage than, say, in Houston or Atlanta. Would you prefer to spend the $15 million on roughly 2,418 square feet of space in the hustle and bustle of New York City? Or would you splurge on 11,248 square feet (not to mention the 1.71 acres of land) in quieter Houston?
Investors Lift Canadian Commercial Real Estate To New Heights
Transactions reached $16.5 billion. That’s 38 per cent more than the previous record, set in the first quarter of last year, and more than twice the five-year quarterly average, CBRE Group Inc. said in a report Monday. Deal volume for the first six months was $26.8 billion, a half-year record.
Toronto’s Housing Market Sees a Shift to Mid-Rise Development
There’s a subtle shift under way in the Greater Toronto Area’s presale condominium market in 2018: As developers are launching fewer towering projects designed to woo investors, they are finding there’s still a strong market for people looking to pay a little more money for a larger, family-friendly unit in neighbourhoods outside the downtown core.
How Lanterra Developments Came Up With the City’s Most Sophisticated Condo
With 50 Scollard, the developer set out to build something for the ages.
At this point in the architecture history of downtown Toronto, with each new building aspiring to outshine what came before, it’s not easy to build something iconic.
But when Lanterra Developments, the company behind much-praised projects like Ice Condominiums at York Centre, The Brit Residences at Bay and Wellesley and One Bedford, acquired 50 Scollard Street, they knew they had all the ingredients to make something special. The prime Yorkville location, at the corner of Bay and Scollard across from the Peter Clewes-designed Four Seasons Hotel and Residences Toronto, certainly demanded excellence and elegance.
2018 Fall Market Forecast
Strengthening consumer engagement and robust economic fundamentals in the nation’s largest housing market are projected to drive Canadian top-tier real estate performance this fall, as sales over $1 million rebound in Toronto. New data compiled by Sotheby’s International Realty Canada reveal that Greater Toronto Area residential real estate activity over $1 million and luxury activity over $4 million are gaining traction, as summer sales rose 19% and 34% year-over-year respectively.
Market Watch | August 2018
Toronto Real Estate Board President Garry Bhaura announced sales and price increases on a year-over-year basis in August. Greater Toronto Area REALTORS® reported 6,839 sales through TREB's MLS® System in August 2018 – an 8.5 per cent increase compared to August 2017.
What You Need to Know If You're Renting Your Home This Fall
With the proliferation of home rental sites like Airbnb and VRBO, it’s never been easier to rent your house for the additional revenue and flexibility afforded by letting a space on a short- or long-term basis. Homeowners in peak markets make an average of $20,000 a year by renting out their homes—and that’s just through Airbnb.
Take Two
As cities get more crowded and congested, there is an overwhelming need to get away from it all. “Our clients — executives, well- paid professionals and retirees — are looking to leave the city on weekend getaways or settle for a few months over summer and the fall,” says Rachael Werner, a sales representative at Sotheby’s International Realty Canada
Breaking Ground
Meet three Canadian architectural firms who are using their talents to make an impact on society. In this age of mounting social and political activism, architects are making a powerful statement in their own right. They’re tackling issues close to their hearts, from helping the homeless to supporting the cause for sustainable food and building better cities through design. We’ve rounded up three leading Canadian architectural firms who are boldly breaking new ground — with a conscience.
Home Prices Rise Against Tighter Supply in August
August appears to have cemented the Toronto region’s real estate recovery, with average resale home prices up 4.7 per cent year over year to $765,270, including single-family homes and highrise apartments. That is about $34,000 higher than the average a year ago.
New Development Spotlight | The Residences at the St. Regis Bermuda
In the most exclusive oasis with pink sand shores, impeccable service, and unmatched style of St. Regis, The Residences offer character and comfort that discerning owners desire. Enjoy unique access to amenities and the dedicated expertise that only the St. Regis can offer.
Plans For the City’s First Vertical Forest Take Root
Toronto architect Brian Brisbin wanted to look behind the curtain on one of the world’s buzziest buildings, Milan’s Bosco Verticale, two towers that are widely acknowledged as the world’s first vertical forest — green buildings designed specifically to counteract the smog and heat of a city.
Intel, Microsoft announce plans to expand in Toronto's white-hot tech sector
Toronto’s tech ecosystem is receiving endorsements from two of the world’s largest technology companies, with both Intel Corp. and Microsoft Corp. unveiling plans to expand in the city.
Chip-maker Intel is getting back into making dedicated graphics processing units (GPUs) for the first time in two decades, and on Wednesday the company will announce that the key engineering and design work for the project will happen in Toronto.
Architectural Spotlight | Wright, Johnson, and Warnecke
It goes without saying that architects leave indelible marks on our lives; they are the masterminds behind the homes we live in and the homes we aspire to. From time to time, architects soar above the baseline notoriety of their peers, pushing the envelope, and creating pieces of live-in art that alter the landscape of their industry.
Fly-In | 6 Homes Accessible by Air
Time is precious—particularly when it comes to squeezing in family time or taking that extra hour at the beach. No one enjoys waiting around in airports or being stuck in traffic gridlock. The best way to avoid inevitable travel delays? Take things to the sky. From private hangars to convenient helipads, these homes make it easy to get from point A to point B.
7 Homes Near World-Class Dive Sites
With roughly 70% of the earth’s surface covered by water inhabited by some 230,000 documented species of marine life, there’s a whole world under the sea waiting to be explored. If you’re interested in regular dives becoming part of your lifestyle, consider setting up a permanent home base nearby. Take a look at some of the best scuba destinations on the globe.
Central Condos: 5 Properties in the Heart of the City
Which do you prefer, privacy or intimacy? The quiet stillness of an open-air balcony with views, or the rush of the city streets? Proximity to the very best dining, shopping, and culture a city has to offer, or plenty of space? With Canada’s top luxury condos, you don’t have to choose. Suspended above the hustle and bustle of the everyday, these five stunning homes offer a respite from—and access to—every convenience of urban living.
Home Staging: 5 Expert Tips for Every Room in the Home
Over the years, home staging has graduated from necessary afterthought to elevated art form. Investing the effort to redesign and rearrange rooms in your home can reduce the amount of time a property is on the market. While the fundamentals of home staging are widely known and practiced—cleaning, decluttering, and making repairs, for instance—experts in the luxury real estate market employ a number of tricks that go beyond the basics. In order to conduct a stellar home staging, take into consideration these five expert tips for making your home the most attractive on the market.