Trending This Week: Doug Ford’s Housing ‘Plan,’ Nervous Sellers, Micro-Condo

trendingToronto

Toronto Home Sellers Still Nervous, Despite Improving May Sales (Toronto Storeys)

The typically hot spring market has effectively evaded the Greater Toronto Area in 2018, due to the prolonged effect of new housing rules introduced by the provincial government last April.

Toronto Commemorates The 74th Anniversary Of D-Day: We Remember The Sacrifice (Toronto Storeys)

On D-Day, June 6, 1944, “Operation Overlord” began. This marked the start to the long-awaited invasion of Nazi-occupied Europe, with Allied armies from the U.S., Britain and Canada landing on the coast of Normandy.

These Toronto Area Condos Are Selling Fast, And Here’s Why … (Toronto Storeys)

Toronto property sales have plunged over 30 per cent since last April year. But condos are the only housing type that continues to post year-over-year price increases.

This 236-Square-Foot Condo In Toronto Costs $1000-A-Month [VIDEO] (Toronto Storeys)

This micro-condo is being rented out for $1000 near Trinity-Bellwoods in Toronto. Watch how this renter has adapted to this micro-minimalist life.

Toronto Van Attack Makeshift Memorial Dismantled Ahead Of Permanent Tribute (Toronto Storeys)

Just over one month after the tragic van attack that left 10 people dead and 16 injured, Torontonians gathered at Olive Square on Yonge Street. For the past month, people have visited that emotional spot to add to its makeshift memorial. Now it’s being dismantled ahead of something special.

CAA’s Top-10 Worst Roads In Ontario And Top-5 Worst Roads In Toronto (Toronto Storeys)

The votes are in — for CAA’s Worst Roads campaign. This list includes the worst roads in Ontario, and the worst roads in Toronto.

If You Say ‘No’ To Another Home-Buyer Tax, Then You Need To Read This (Toronto Storeys)

If your voice says no to another home-buyer tax, the Ontario Real Estate Association wants you to use it to tell your local provincial candidates.

Toronto Road Closures, Walks, Festivals And More To Watch For This Weekend (Toronto Storeys)

Here’s what you’re doing this weekend — and how you could do it while avoiding traffic!

Canada

Doug Ford Promised Ontario This Housing ‘Plan’ Pre-Election: What Will Become Of It? (Toronto Storeys)

In politics, it’s easy for today’s promises to become tomorrow’s lies. Considering Ontario has a housing affordability crisis on its hands, prior to the election, Toronto Storeys reached out to Premier-Elect Doug Ford and the other party leaders to find out their plans for housing. So let’s hold the next Progressive Conservative premier to task with his housing plan — and let’s see if he can improve upon it. Because, in actuality, we never received a solid plan from Doug Ford.

An Open Letter To Ontario’s New Premier: Millennials Deserve Shot At Home Ownership (Toronto Storeys)

For thousands of young Ontarians, the dream of home ownership is slipping away. But, the newly elected premier of Ontario can choose to do something about it.

Canadian Real Estate Prices Hit An All-Time High, But Gains Are Rapidly Decelerating (Better Dwelling)

Canadian real estate prices have spiked to a new high. Canadian Real Estate Association numbers show prices across the country soared higher in March. Despite the good news for sellers, gains are tapering at an alarming rate.

As middle class gets priced out of housing market, Canada takes drastic steps to make it affordable  (Financial Post)

Canada is offering free land and tax incentives to create more affordably priced options in Vancouver and Toronto.

Recreational property prices in Canada expected to increase (Daily Hive)

Summer is right around the corner and that means Canadians will soon be flocking to vacation homes around the country.

According to the 2018 Royal LePage Canadian Recreational Housing Report, the price of the majority of recreational properties in Canada is predicted to increase.

U.S.

U.S. real estate website Zillow will start posting Canadian homes (Toronto Star)

U.S. online real estate giant Zillow has announced it will post Canadian homes on its site through a direct listing feed from Century 21 Canada. That means Canadian real estate listings will be exposed to millions of consumers.

Harvey Weinstein’s Former Mansion Faces Demolition (Variety)

As disgraced Hollywood heavyweight Harvey Weinstein was arraigned and indicted on charges of rape and other acts of criminal sexual misconduct, plans moved forward to demolish his lavish former mansion on Beachside Avenue in Westport, Conn.

Real estate vulnerable to Canada-U.S. trade war (Remi Network)

High-rise development is expected to be the hardest hit real estate activity in an unfolding Canada-U.S. trade war. But fallout across a wider range of consumer goods has potentially negative implications for commercial warehouse and distribution facilities.

International

6.9 Million U.S. Coastal Homes at Risk of Hurricane Storm Surge Damage in 2018 (World Property Journal)

According the 2018 CoreLogic Storm Surge Report, more than 6.9 million homes along the Atlantic and Gulf Coasts are at potential risk of damage from hurricane storm surge inundation, with a reconstruction cost value (RCV) of more than $1.6 trillion.

CTBUH Awards 2018’s Best Tall Buildings in the World (World Property Journal)

The Council on Tall Buildings and Urban Habitat has announced the winners of the 16th Annual CTBUH Awards Program, which competed for winning distinctions at the 2018 Tall + Urban Innovation Conference last week at Aqua Tower in Chicago.

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