TJ Cieciura

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Globe editorial: Pop Canada’s housing bubble, before it pops the economy

History doesn't repeat, but it sure does rhyme.<p>Revisiting the bubble and bust of the American housing market in the early 2000s, and the financial crisis and Great Recession that followed, doesn't tell us exactly how today's housing bubble will end. And recalling how Toronto's housing prices …

Canadian Real Estate

'Crazy' housing market taking toll

London’s red-hot housing market meant realtor Angela Wilson couldn’t take a holiday on Good Friday.<p>She and her business partner, her mother, Linda, …

The wild home prices of every Toronto area region. (And, wow, Georgina)

To get a real sense of what the Toronto housing bubble is all about, stroll down Georgina’s Riverglen Drive or Richmond Park Drive, where homes for sale are being listed at about $900,000 or more.<p>The Town of Georgina boasts the fastest growth in prices of any region in the Greater Toronto Area, as …

Canadian Real Estate

How to cool a scorching hot real estate market

Sold stickers on real estate signs along Beach Drive in the greater Victoria Municipality of Oak Bay, Victoria, BC. (Don Denton/CP)<p>When the federal …

Canadian Real Estate

Tax Toronto home-flippers, not foreign buyers, Scotiabank says

Amid all the hand-wringing over Toronto’s frothy housing market, Bank of Nova Scotia economists are recommending a tax on speculators, rather than a Vancouver-style levy on foreign buyers.<p>It’s growing increasingly likely that policy makers will do <i>something</i> soon, given that many Bay Street …

Canadian Real Estate

OMB strikes down part of proposed midtown development characterized as 'density creep'

Decision leaves door open for partial development of Keewatin Ave. townhouses<p>The Ontario Municipal Board (OMB) has stopped the most contentious part …

Population growth isn't driving Toronto house prices. So what is?

While Toronto house prices have soared, the latest census figures show population growth in the city has begun to slow<p>Last summer, in the frankest …

Density Is The Best Way To Reduce A City’s Carbon Footprint

Ending sprawl could be even more important than applying the latest energy-saving technologies as cities look to incorporate more energy-efficient buildings.<p>In some cities, solving the problem of urban sprawl could cut carbon emissions in buildings more than retrofitting those buildings with the …

Turn Your Local Streets Into A Map That Reveals The Character Of Your Neighborhood

Seen side by side, it isn’t hard to guess which of two tiny street maps depicts part of Portland, Oregon, and which shows the sprawl of car-centric Irvine, California.<p>A new data visualization tool takes a square-mile snapshot of any city and converts it into a simple graphic diagram that can be …

How zoning laws can discriminate against Muslims and others

Muslim religious leaders took time this week from mourning the victims of the Quebec massacre to demonstrate at Toronto City Hall against the zoning …

Housing market sizzles in Toronto’s suburbs

The market is sizzling for detached houses in Toronto's suburbs, approaching an average price of $1-million.<p>Last month, the price for detached properties sold in suburban Toronto averaged a new high of $999,102, a 27.8-per-cent surge compared with January, 2016.<p>While detached homes within the City …

Canadian Real Estate

In Buffalo, A New Zoning Code Prioritizes People, Not Cars

Now you can build a new building and not include space for any parking at all.<p>Buffalo has rewritten its zoning code. While that might normally be a great cue for an afternoon nap, this update has a bunch of smart and practical requirements that will transform the city into a place for humans, and …

​Tinder for cities: how tech is making urban planning more inclusive

Having a say in what your city or neighbourhood should be like is often complicated, time-consuming and full of confusing jargon. A new wave of digital tools are trying to make the process transparent and interactive<p>Imagine if next time you saw a plan for an oversized monster tower block proposed …

Smart Cities

Toronto’s hot housing market spills over to condo rentals

Toronto's sizzling housing market is spilling over into the region's rental market, pushing up rents to new records as tenants fought over a shortage of rental listings.<p>Average rents for condos rose 11.7 per cent in the fourth quarter of 2016, compared to the same period a year earlier, hitting …

Canadian Real Estate

Greater Toronto Area booms with $1-million-plus home sales

The $1-million club isn't so exclusive any longer, as a record number of homes sold for at least that much in the Greater Toronto Area last year.<p>"Local demand remained the primary overall driver even as international demand, particularly from mainland China, continued to play a key but secondary …

Canadian Real Estate

Buffalo Becomes First City to Bid Minimum Parking Goodbye

The city is overhauling its archaic zoning regulations, but does the move help its citizens as much as it helps developers?<p>In overhauling its zoning code for the first time since 1953, Buffalo, New York, has become the first major city to completely remove outdated minimum parking requirements. …

Skiing

Is the world ready for Frank Lloyd Wright’s suburban utopia?

Inside the architect’s overlooked plan for Broadacre City<p>If you read enough about Frank Lloyd Wright, a standard narrative begins to emerge: There’s early Wright, where the brash young architect breaks from his Chicago School mentors to create the Prairie style and design such early icons as the …

Short-sighted city planning continues to cost Toronto

When city leaders built an enormous bridge over the Don Valley linking Bloor Street East to Danforth Avenue in the 1910s, they decided, after some debate, to include a deck underneath the roadway to carry subway trains, should Toronto ever get them. That saved great trouble and expense when the …

Toronto

Jan Gehl's 5 Rules for Designing Great Cities

Danish architect Jan Gehl is a world renowned expert in all things related to urban design and public spaces. He obtained this expertise by …

Real estate developers slammed B.C. over surprise foreign-buyer tax

Hours after B.C. announced its tax on foreign buyers this past summer, prominent developers e-mailed Premier Christy Clark and her government saying the policy amounted to a betrayal of Metro Vancouver's international citizens and could hurt a market already showing signs of cooling.<p>Correspondence …

Canada

Housing policies just drive up prices, government warned

Schemes to help young people buy houses are counter-productive and end up forcing up prices, excluding more would-be owners from the property market, according to top economist and former Bank of England policymaker Dame Kate Barker.<p>The government has pushed a series of policies in recent years to …

The Future Of Neighborhoods: Five Projects That Show How We’ll Live

Residential life could soon be changing.<p>1. We’ll Generate Our Own Resources<p><b>An ambitious experiment in the Netherlands could be a model for life off the grid.</b><p>When a new housing development called ReGen Village opens as early as next year on the outskirts of Amsterdam, residents won’t have to rely on …

Avenue of change: Meet the new kind of street coming to Toronto

The reign of car as king is being challenged by new planning goals that give unprecedented respect (and space) to pedestrians, cyclists and transit users. The Globe's urban transportation reporter Oliver Moore details how a radical shift in design of city streets promises to change neighbourhoods …

Urban Design

'Drunken Brew' Of High House Prices, Debt Threatens Canada: CMHC

TORONTO — The head of Canada's federal housing agency says regulators should explore the possibility of raising the minimum down payment required on …

The intended consequences of new housing policies

<i>Evan Siddall is President and CEO of Canada Mortgage and Housing Corporation.</i><p>Finance Minister Bill Morneau announced a broad suite of initiatives on Oct. 3 to ensure that overheated housing markets do not compromise Canada's economic growth. Canada Mortgage and Housing Corporation welcomes these …

Canadian Real Estate

Canada's housing markets: Well, that was fun

Vancouver is now down for the count. The question is what happens in Toronto.<p>Canada’s housing and mortgage markets are in the midst of wrenching change as policy makers scramble to ensure a bubble doesn’t burst, that homes are more affordable and that the risks to the financial system are …

Canadian Real Estate

Canada's New Mortgage Rules Could Bring Lower Home Prices And Much More

Reduced housing correction risk<p>Sean Kilpatrick/CP<p>Finance Minister Bill Morneau's new mortgage rules, enacted in October, 2016, could "reduce the risk …

Brampton monster home back to square one after judge’s ruling | Toronto Star

A dilapidated, partly constructed 6,600 square foot Brampton monster home is still towering over houses a quarter the size after the city tried to …

Toronto

Four major changes to Canada’s housing rules

<i>Are you a first-time home buyer concerned about the housing rule changes? Email RYounglai@globeandmail.com and you could be featured in a story.</i><p>The Liberal government has announced sweeping changes aimed at ensuring Canadians aren't taking on bigger mortgages than they can afford in an era of …

Canadian Real Estate