GTA | Jotup

GTA new home market returns in September

Retrieved on:

Thursday, October 26, 2023

Benchmark, Research, Policy, Altus Group, Housing, BILD, Government, Human, Condominium, Interview, GTA, Construction, Total, Cryptocurrency, Greater Toronto Area

“September sales surged as pent-up demand pulled buyers from the sidelines,” said Edward Jegg, Research Manager with Altus Group.

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“September sales surged as pent-up demand pulled buyers from the sidelines,” said Edward Jegg, Research Manager with Altus Group.
There were 595 single-family home sales in September, up 1,140 per cent from September 2022 and 37 per cent below the 10-year average.
“While we are starting to see a resurgence in the market, one month does not make a trend,” said Justin Sherwood, SVP Communications & Stakeholder Relations at BILD.
*Altus Group should be credited as BILD’s official source of new home market intelligence.

Ontario government decision will negatively impact housing and employment space supply for next decade

Retrieved on:

Monday, October 23, 2023

“It can take a decade or more to bring new housing supply to the market,” said Dave Wilkes, BILD President and CEO.

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“It can take a decade or more to bring new housing supply to the market,” said Dave Wilkes, BILD President and CEO.
It will make the objective of building 1.5 million homes in the province by 2031 impossible.”
The housing affordability crisis in the GTA has been driven by the lack of housing supply in the face of perennially strong demand.
The repercussions of this unfortunate decision will effectively delay the addition of new housing and employment spaces throughout the next decade.
“Any adjustment made to the approved plans by the government were done to uphold the provinces’ own objectives for increased housing supply, choice and balanced growth.

Celebrating Connectivity: The Town of Aurora partners with telMAX in groundbreaking ceremony, marking the start of the pure fibre Internet network build

Retrieved on:

Wednesday, October 25, 2023

Aurora, Town, GTA, Quality of life, Internet access, Partnership, Internet, Telecommunications, Cable television, Internet service provider, 2006 Copa Telmax

AURORA, ON, Oct. 25, 2023 /PRNewswire/ - The Town of Aurora working in partnership with telMAX, Canada's fastest Internet service provider, broke ground today in Aurora.

Key Points:

AURORA, ON, Oct. 25, 2023 /PRNewswire/ - The Town of Aurora working in partnership with telMAX, Canada's fastest Internet service provider, broke ground today in Aurora.
This is the commencement of a state-of-the-art pure fibre Internet infrastructure project that promises to redefine Internet connectivity to the residents and business in Aurora.
"I'm absolutely thrilled that we've broken ground on this transformative project for our community," said Aurora Mayor Tom Mrakas.
As telMAX and the Town of Aurora celebrate this groundbreaking milestone, the company reaffirms its dedication to progress, innovation, and excellence in the telecommunications sector.

Seneca Polytechnic's world-changing graduates featured in new advertising campaign

Retrieved on:

Wednesday, October 25, 2023

Education, Forsman, Government, Life, Ambition, Workplace, Television, Communication, GTA, Seneca, Student, Partnership, Forsman & Bodenfors, Canada, Associate, Marketing, Management, Nursing

TORONTO, Oct. 25, 2023 /CNW/ - The newest phase of Challenge Accepted, the award-winning student recruitment campaign produced by Seneca Polytechnic in partnership with Forsman & Bodenfors Canada, is now in market .

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TORONTO, Oct. 25, 2023 /CNW/ - The newest phase of Challenge Accepted, the award-winning student recruitment campaign produced by Seneca Polytechnic in partnership with Forsman & Bodenfors Canada, is now in market .
The latest iteration of the campaign builds on the Driven by Ambition concept – introduced in 2022 – by turning the spotlight on six more Seneca graduates who are channelling their education into highly successful careers.
"We're so proud of everything our outstanding graduates have accomplished and delighted to share some of the many Seneca success stories in this new campaign."
This year's featured graduates who are using their education to make an impact include:
"Seneca Polytechnic not only laid the foundations of my journalism career but also provided the perfect launch pad for success," said Mr. D'Mello.

Shifting Focus: Single Family Home Sales Drive Canada’s Luxury Market as Consumer Demand Evolves

Retrieved on:

Wednesday, October 18, 2023

TORONTO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- As the country’s housing market continued to wrestle with the challenges of elevated mortgage rates, uneven economic performance and intense geopolitical turbulence, reviving luxury single family home sales in the third quarter of the year revealed the relative resilience and adaptability of luxury real estate buyers, as well as Canadians’ unwavering desire to attain home ownership. According to Sotheby’s International Realty Canada’s Top-Tier Real Estate: Fall 2023 State of Luxury Report, luxury single family home sales in Canada’s largest residential real estate markets renewed in the third quarter of 2023, even as activity in the luxury condominium market tempered, a reflection of changing housing considerations, consumer preferences and financial strategies in light of rising housing prices and carrying costs.

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In the month of September, luxury single family home sales moderated, as sales over $4 million fell 26% year-over-year to 14 homes sold.
According to Sotheby’s International Realty Canada experts, despite recent sales gains, the city’s luxury single family home market has normalized.
GTA luxury single family sales activity in the initial month of fall suggests an active market in the months ahead.
Sales activity in Montreal’s luxury single family home market was uneven throughout the summer and hinted at a transition to a more balanced market.

Government of Canada creating more skills training opportunities for Canadians

Retrieved on:

Wednesday, October 11, 2023

TORONTO, Oct. 11, 2023 /CNW/ - Canada's job market continues to evolve, creating new opportunities for Canadians and areas for growth.

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TORONTO, Oct. 11, 2023 /CNW/ - Canada's job market continues to evolve, creating new opportunities for Canadians and areas for growth.
That is why the Government is investing in projects that will help Canadians improve their foundational and transferable skills.
Announced in Budget 2021, the Government of Canada invested nearly $298M over three years in the Skills for Success Program.
Currently, the Skills for Success Program is supporting more than 60,000 Canadians in acquiring vital skills, and anticipates exceeding its target of supporting 90,000 Canadians.

Summer Fresh® launches 8 New Fall Harvest Recipes with an exciting event at a local winery

Retrieved on:

Wednesday, October 11, 2023

Harvest, Spinach dip, Autumn, Weather, Heart, Collection, Creativity, Summer, GTA, Magic, Viticulture, Tourism

TORONTO, Oct. 11, 2023 /CNW/ - From Summer Fresh®'s kitchen to yours, Harvest Season is here.

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TORONTO, Oct. 11, 2023 /CNW/ - From Summer Fresh®'s kitchen to yours, Harvest Season is here.
Summer Fresh® partnered up with TV Host Seanna Thomas to unite influencers and collaborators, all with the aim of introducing these delectable new recipes crafted using Summer Fresh® premium hummus and dips.
The Fall Harvest influencer event that featured these amazing recipes took place at a local picturesque winery nestled in the heart of GTA, renowned for its exquisite wines and charming ambiance.
Our team has curated a collection of sensational fall recipes that highlight the exceptional flavours of our hummus and dips.

TRREB: High Interest Rates Impacting the Market, but Population Growth Will Soon Spur Demand

Retrieved on:

Wednesday, October 4, 2023

Benchmark, Housing, GTA, Bank of Canada, Government, CREA, City, Toronto City Council, Composite, Ontario Real Estate Association, Toronto Regional Real Estate Board, HPI, Bank, Real estate

In the short term, the consensus view is that borrowing costs will remain elevated until mid-2024, after which they will start to trend lower.

Key Points:

In the short term, the consensus view is that borrowing costs will remain elevated until mid-2024, after which they will start to trend lower.
This suggests that we should start to see a marked uptick in demand for ownership housing in the second half of next year, as lower rates and record population growth spur an increase in buyers,” said TRREB President Paul Baron.
REALTORS® reported 4,642 home sales through TRREB’s MLS® System in September 2023 – down 7.1 per cent compared to September 2022.
This could help offset the impact of high borrowing costs,” said TRREB Chief Market Analyst Jason Mercer.

Colonnade BridgePort Expands Southwestern Ontario Footprint with Over 2.3 Million sq. ft. of New Property Management Mandates

Retrieved on:

Wednesday, September 27, 2023

Greater Toronto Area, GGH, Asset management, GTA, Property management, Senior, Golden Horseshoe, Southern Ontario

OTTAWA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Colonnade BridgePort, a leading full service real estate management, investment, and development company, is pleased to announce it has been awarded the property management mandates for over 2.3 million sq.

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OTTAWA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Colonnade BridgePort, a leading full service real estate management, investment, and development company, is pleased to announce it has been awarded the property management mandates for over 2.3 million sq.
The 21 industrial buildings and one retail plaza are all owned by Fiera Real Estate.
“No matter what lifecycle stage a property is in – from under development, to long established – Colonnade BridgePort has the property management experience and expertise to get results,” said Fiera Real Estate’s Vice President, Asset Management Erin Shirley-Wong.
“These new mandates will make a big impact on increasing our profile in Southwestern Ontario,” said Director of Property Management (GTA) Jas Kaur.

Legacy Supply Chain Announces Omni-Channel and eCommerce Fulfillment Expansion in Greater Toronto Area

Retrieved on:

Wednesday, September 27, 2023

GTA, Transport, Airline, Legacy, Greater Toronto Area

VAUGHN, ON, Sept. 27, 2023 /PRNewswire/ -- Legacy Supply Chain, a high-growth North American third-party logistics (3PL) provider, is proud to announce the opening of a 141,000 square foot omni-channel fulfillment warehouse located in Vaughan, Ontario, within the Greater Toronto Area (GTA).

Key Points:

VAUGHN, ON, Sept. 27, 2023 /PRNewswire/ -- Legacy Supply Chain, a high-growth North American third-party logistics (3PL) provider, is proud to announce the opening of a 141,000 square foot omni-channel fulfillment warehouse located in Vaughan, Ontario, within the Greater Toronto Area (GTA).
This strategic move reinforces Legacy Supply Chain's existing footprint in the GTA, and its commitment to delivering connected distribution, fulfillment, and transportation solutions to businesses in both Canada and the US.
Expanding omni-channel distribution and fulfillment capacity in the US and Canada continues to be a pillar of Legacy's growth strategy.
Legacy President & CEO Mike Glodziak expressed his excitement about this development, stating, "Legacy Supply Chain is dedicated to helping our clients navigate the complexities of modern supply chains.