StoryLine By CondoNow
Our CondoNow experts have narrowed down the top 10 real estate news stories from Feb. 19 – Mar. 4, 2018.
From RECO reviewing the use of bitcoin in real estate transactions, to privacy concerns facing Google affiliate’s Toronto Waterfront development, to the implementation of B.C.’s dual agency ban for all realtors, we’ve cultivated a list of the top 10 stories. Here’s the latest news!
Ontario Regulator Probes Cryptocurrency Use in Real Estate
Units in Toronto’s 31-storey Ellie Condo are being offered for from 70 to 116 bitcoins – a moving target given the currency’s volatility.
Full Story on TheGlobeAndMail.com
Toronto Man Will Only Sell His Condo for Bitcoin and Here’s Why
Demanding digital currency rules out most prospective homeowners, but could make it easier for foreign buyers.
Full Story on CBC.ca
Cracks in Sidewalk Labs’ Toronto Waterfront Plan After Fanfare
Google affiliate’s plans for tech utopia face privacy, development concerns.
Full Story on TheGlobeAndMail.com
BMO to Build New ‘urban campus’ Across from Yonge-Dundas Square
The four-storey, high-tech building will connect 3,500 employees with transit and customers.
Full Story on TheStar.com
Housing Crunch Could Drain Toronto Talent Pool
The Toronto Region Board of Trade says 42 percent of young professionals would consider moving to a more affordable housing market.
Full Story on TheStar.com
RioCan CEO Looks to Trade in Malls to Develop Apartments
RioCan CEO Ed Sonshine is trying to capitalize on the rental boom and insulate RioCan from the rise of e-commerce.
Full Story on TheStar.com
Tumbling Toronto Home Sales Signal a Return to Normal Market, Say Analysts
Convergence of higher rates, government policy and new mortgage rules hit home sales. But that doesn’t mean homes are more affordable.
Full Story on TheStar.com
The GTA’s Population is Booming — but Not Necessarily in the Right Places
There seem to be countless examples across the GTA of developments springing up without sufficient nearby transit connections, parks, libraries, schools and clinics to support the number of people moving in.
Full Story on TheStar.com
‘Dual Agency’ Real Estate Rules Booted to June
The Office of the Superintendent of Real Estate (OSRE) has postponed introduction of controversial legislation regarding dual agency and disclosures in real estate transactions.
Full Story on BIV.com
Some of the World’s Priciest Real Estate Floats on Open Waters
It’s among the world’s most-expensive real estate per square foot, where the oceanfront views never tire, and where the price of entry buys access to the otherwise inaccessible—165 apartments aboard The World, a condo cruise ship.
Full Story on Bloomberg.com
