Single family homes are a treasured and coveted staple in Toronto’s real estate market. Not only are they a popular abode for families, they are also in massive demand for their investment potential. With high demand, comes high price. Prices for single family homes have continued to skyrocket in Toronto despite the negative aspects that such homes bring. In this article, we’ll go through the rise of the single family home and why, perhaps, it's time for a change.
We’re back again with another property feature on our blog! 2374 Gerrard St E is a multi-unit property that is currently being built. Situated on the east side of Toronto, the property has a close proximity to the Danforth with some of the east side’s best dining and shopping. 2374 Gerrard St E is expected to be completed by the end of 2020.
The process of co-ownership in real estate can be complicated. When it comes to multiple owners who don’t have previous relationships, there can be perceived difficulties when it comes to the legal arrangement of the living situation. In general, the two legal arrangements that are often chosen in real estate are tenants-in-common and joint tenancy. In this article we will discuss these two arrangements and explain why tenants-in-common should be your choice for a co-ownership arrangement.
Located in the centre of Ottawa lies Ontario’s only completed cohousing community: Terra Firma. Terra Firma began in 1997 and is now home to 12 families. With a large common house and common garden, the residents of Terra Firma fully embrace their community and the true spirit of cohousing.
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?
Partnering with Picnic Design, we have a look at some architectural designs for co-ownership homes. One of the great things about co-ownership and cooperative real estate is that there is no single cookie-cutter house. Co-ownership allows you to tailor your home and dwellings to your own desires. Whether you want a single-family home, a multi-residential building or prefer a building where you can make drastic renovations, you can make it work for co-ownership.
Co-ownership and cooperative real estate purchases are a great way for people to enter the real estate market. While Toronto’s market is competitive, millennials have found a way by buying together. Take the following case study of two millennial couples who were able to pool their resources together and purchase their first home in the Annex.
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.
In co-ownership, complete strangers can come together and purchase a home. Whether you’ve known someone for years or only met them yesterday, a co-ownership group needs to foster and build trust to be able to successfully purchase a house together. In this article, we go through some of GoCo’s activities to help groups come together and get on the same page and set them up for success.
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.
All across Canada, cities are struggling with housing affordability. As we briefly discussed in last week’s article, Housing Affordability in Toronto - A City in Crisis, many middle-income families and residents in Toronto have been unable to enter the real estate market. The missing middle is becoming a topic that all levels of government are beginning to consider as a means of tackling this crisis.
We have reached Step 4 in our series on the Steps to Co-Ownership. Previously, we have discussed how to find your partners and creating your group in Step 1, how to create a financial model in Step 2, and how to create house rules in Step 3. In Step 4, we will discuss everything surrounding a co-ownership legal agreement.
