The city of Toronto has been making moves to create supportive and affordable housing this week. Thanks to a new affordable housing initiative with a time limit on its funds, the city is attempting to tackle the ever-growing housing crisis we have in our city. Two buildings have been bought by the city with an announcement that they will be converted into 334 affordable and supportive housing units.
Despite a global pandemic and enduring the second wave, Toronto’s real estate market is as competitive and hot as ever. Rents are hitting a huge low as an unprecedented exodus from the city begins as remote working becomes the norm. With the many industries suffering through these changes, why is the real estate market still so crazy?
Welcome to 2021! A new year with a plethora of opportunities waiting! Time to start fresh and leave the challenges of 2020 behind, right? Well, yes and no. As we welcome in the new year, it may be tempting to pretend like 2020 never happened. Unfortunately, just because it is a new year does not mean we can slip in our vigilance when it comes to our safety and the safety of others. Real estate is no different. We must continue to put safety as our top priority even when buying and selling houses.
We’ve talked before about the crux and social stigma that surrounds our households before in our previous articles about the nuclear family and isolation. Today we wanted to dive deeper into the social stigma that surrounds multigenerational living, particularly the attitudes towards living with your parents when you are single and why living in a multigenerational household needs to make a big comeback as our cultural landscape changes.
December 2020 marks the closing of an unprecedented and unpredictable year. Despite the global pandemic, competition for residential real estate is still as heated as ever in Toronto and the wider Ontario markets. Today we decided to have a look at Ontario’s different real estate markets and see how 2020 fared amidst a tumultuous and challenging year.
A new rental trend may be emerging in Toronto. Laneway housing, also known as garden suites, are beginning to make an appearance in the neighbourhoods of Toronto. Since 2018, when Toronto went ahead and approved the by-laws for laneway housing, development began on new suites.
Social isolation is becoming one of the most prominent issues facing today’s Canadian seniors. Canada’s population over 65 years of age has exceeded 6 million and is projected to exceed 9.5 million by 2030. In 2016, the number of people over 65 exceeded the number under 15 years of age. As one of the fastest-growing demographics in Canada, seniors face a number of issues that need to be addressed both now and in the future in order to succeed in attaining a satisfactory quality of life. The question is, how can we prevent social isolation from impacting seniors’ quality of life?
Toronto is at a pivotal point in the year 2020. Actions and policies over the next decade will shape the city. The success or failure by 2030 will depend on how we tackle workforce housing. In this article, we’ll take a look at workforce housing, why it is such a contentious issue and what can be done to ensure Toronto will succeed in the future.
A look into the future of Toronto’s real estate market. With a global pandemic raging across the world, the future is uncertain. In this article, we analyse different sources to predict what may become of Toronto’s real estate market. By no means is it certain, but perhaps its not all doom and gloom.
Covid-19 has shed light on many different facets of life that we rarely looked at in normal times. The fact of the matter is that the global pandemic has turned all of our lives upside down and it is time to really look and assess what we need in our lives, particularly how we live and interact with others. Social distancing is the new norm going forward until the world has this contagious virus under control.
As COVID-19 continues its rampage across Canada, targeting the most vulnerable citizens, it is clear that Ontario’s long-term care facilities have failed its residents. Surely, the government and regulating bodies are taking every precaution to prevent spread across the province? Certainly in Canada there are stringent regulations that demand high-quality care and facilities for seniors? Unfortunately, it seems that that is not the case. The most vulnerable residents, those in aged care and long-term care facilities have been left to hide behind a mottled veil of apathy. And now COVID-19 is ripping that veil off and showing everyone just how broken the system is for the most vulnerable residents who have been left to fester in poorly managed, understaffed and neglected facilities.
