Property of the Week: Renovated Two-Story in Downtown Toronto

LYTON PARK Location: 216 Glengrove Avenue West, Ave Rd. and Glencairn Ave. Ask for a price: $3,498,000 Cut: approximately 3,100 square feet, plus a finished basement of approximately 1,200 square feet Ground: 33 feet by 170 feet, detached garage for one car, private driveway Taxes: $13,258 (2021) Bedrooms: 4 plus 1 Bathrooms : 5 This … Read more

Why this $899,900 northwest Toronto home is a ‘great starter home’

#GTAHomeHunt is a weekly series from The Star that goes into real estate listing detail in Toronto and the Greater Toronto Area. Do you have any advice? Email us at social@torstar.ca Price: $899,900 Piece: Keelesdale-Eglinton X factor: This listing, which has been up for almost a month, is all about price and opportunity in this … Read more

Why this $899,900 northwest Toronto home is a ‘great starter home’

#GTAHomeHunt is a weekly series from The Star that goes into real estate listing detail in Toronto and the Greater Toronto Area. Do you have any advice? Email us at social@torstar.ca Price: $899,900 Piece: Keelesdale-Eglinton X factor: This listing, which has been up for almost a month, is all about price and opportunity in this … Read more

Toronto lags other major cities in new housing construction, CMHC says

Despite an increase in residential construction last year, Toronto and other major urban centers are not keeping up with population growth, according to a new report from Canada’s national housing agency. The report from the Canada Mortgage and Housing Corporation shows that residential construction in six major metropolitan areas increased last year over the previous … Read more

Toronto lags other major cities in new housing construction, CMHC says

Despite an increase in residential construction last year, Toronto and other major urban centers are not keeping up with population growth, according to a new report from Canada’s national housing agency. The report from the Canada Mortgage and Housing Corporation shows that residential construction in six major metropolitan areas increased last year over the previous … Read more

Toronto-area home sales plunge as higher interest rates cool market

Rising interest rates sapped the Toronto area’s seemingly insatiable appetite for real estate as sales and house prices continued to decline in April. Prices were still rising on a yearly basis last month – up 15% from April 2021, according to the Toronto Regional Real Estate Board (TRREB) on Wednesday. But the average sale price … Read more

At 38 and earning $60,000, how can he start saving?

Millennial Money is a weekly submission-based series that provides financial advice to millennials. Read the full series here. Will millennials ever be able to afford a home in Toronto? That’s a question Michael, 38, wants an answer to. Working as a finance clerk and earning $60,000 a year, he is a longtime tenant in the … Read more

Interest rate hikes cannot magically beat inflation in Canada

Is the interest rate a magic wand to fight inflation? Given February’s 5.7% inflation rate, the Bank of Canada—as expected—raised its target for the overnight rate to 1.0% from 0.5 on April 13. At that time, the consensus among economists was that the Bank would raise the policy rate by another 50 basis points in … Read more

Technology and toddlers: How Toronto child care centers are going digital

Parents in Ontario breathed a collective sigh of relief when news broke that $10-a-day child care centers were coming to the province, along with 86,000 new spaces. Although many parents have become experts at the Hunger Games daycare center and have well-developed tactics for securing a coveted spot, things can get a little murkier once … Read more

This millennial from Toronto has always relied financially on his parents. Because of $20,000, how can he pay them back and move?

Millennial Money is a weekly submission-based series that provides financial advice to millennials. Read the full series here. Unemployed and in the midst of a huge life change, Lee, 31, says he’s been lucky enough to live with his parents for the past year and a half – with multiple waves of the pandemic. Earning … Read more