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SHAWN VENASSE's Newsletter Archive

“A man says a lot of things in summer he doesn't mean in winter.” ― Patricia Briggs - Wed, Jan 20 2021

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SHAWN VENASSE, Sales Rep, passionately helping Clients BUY, SELL & LEASE Toronto for 26-years! From Forest Hill to Summerhill, Rosedale to Riverdale, Lawrence Park to High Park & beyond, SHAWN VENASSE knows Toronto! 416-921-1112 / shawn@ellidavis.com
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Canadians piling on mortgage debt as hot housing market continues
Financial Post – Geoff Zochodne

Canadians have been taking on more and more mortgage debt despite the ongoing COVID-19 pandemic, as borrowers try to keep up with a housing market that took off in the latter half of 2020 and has yet to slow down. Statistics Canada said Tuesday…

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Toronto real estate and COVID-19: Predictions and housing trends for 2021 | Urbanized
Daily Hive – Clarrie Feinstein – Jan 20, 1:45 AM

As the COVID-19 pandemic continues, the housing market in Toronto has managed to remain robust during an unprecedented and therefore unpredictable time. For first-time homebuyers, it can be difficult to decide when is the right time to buy a…

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THE SCOOP | Outrage As Ontario Begins Demolition of Planned Community Music Hub
Ludwig Van – Michael Vincent – Jan 20, 3:14 AM

Toronto's Dominion Wheel and Foundries Company properties located at 153 and 185 Eastern Ave have sat vacant since the 1980s. The International Resource Centre for Performing Artists (IRCPA) has been working towards a feasibility study to transform…

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East-end Toronto pilot project will help fill 'missing middle' gap in affordable housing
Toronto.com – David Nickle – Jan 20, 2:00 AM

A new pilot project to build mid-priced housing in low-density neighbourhoods is moving ahead in Toronto's east end.

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These are Canada's fastest growing communities as cities see record exodus
CTV News – Graham Slaughter – Jan 19

Published Jan. 19, 2021 9:33 p.m. ET Aerial view of houses in Oshawa, Ont., seen from a Canadian forces Hercules on Saturday, Nov. 11, 2017. The federal election results mean potential new barriers for foreign real estate investors as well as some…

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Whining from Toronto over city's budget woes is crazy | The Star
Toronto Star – Jan 19

Pandemic puts Toronto in $1-billion budget hole, Jan. 15 Once again, Mayor Tory has indicated that he'll need financial help from the provincial and federal governments. In other words, all Ontarians, indeed, all Canadians, are yet again expected…

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The First Half of January Shows the Toronto Condo Market on Fire
Toronto Real Estate – Kayla Gladysz – Jan 19, 12:52 PM

Last year may have left a few marks on the Toronto condo market, but by December's end, the sector was already coming (back) out swinging. From November to December, the segment of the city's real estate world saw major upticks in activity —…

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Toronto councillors demand a halt to Dominion Foundry demolition
Toronto.com – David Nickle – Jan 19, 5:19 AM

Toronto's Planning and Housing Committee has voted unanimously ask Premier Doug Ford to immediately put a minimum 30-day pause on demolition of the historic Dominion Foundary on Eastern Avenue...

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Average price for Brampton detached homes hits $1 million to cap off record-setting 2020
BramptonGuardian.com

The COVID-19 pandemic has ravaged Ontario's economy, but the uncertainty apparently didn't faze Brampton homebuyers at all in 2020.

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Ontario's home sales activity sets a new December record
Mortgage Broker News Canada – Ephraim Vecina – Jan 19

Ontario's soaring home sales activity last month broke the previous December sale record set in 2016, according to the latest data from the Canadian Real Estate Association. Residential sales conducted through the province's MLS Systems totalled…

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