Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB’s MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one per cent compared to Q1 2018. “The OSFI stress test continues to impact home buyers’ ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed. The supply of listings in the GTA also remains a problem. Bringing a greater diversity of ownership and rental housing online, including ‘missing middle’ home types, should be a
GTA REALTORS® Release February 2019 Stats Greater Toronto, March 5, 2019 – Toronto Real Estate Board President Gurcharan (Garry) Bhaura announced that Greater Toronto Area REALTORS® reported 5,025 homes sold through TREB’s MLS® System in February 2019. This sales total was down by 2.4 per cent on a year over-year basis. Sales were also down compared to January 2019 following preliminary seasonal adjustment. “The OSFI mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The stress test should be reviewed and consideration should be given to bringing back 30 year amortizations for federally insured mortgages. There is a federal budget and election on the
In the city’s west end, the name “Etobicoke” comes from the Mississauga word wadoopikaang, which means “place where the alders grow.” This was the way that these Algonquian-speaking peoples described the area between Etobicoke Creek and the Humber River. The first provincial land surveyor, Augustus Jones, also spelled it as “ato-be-coake.” Etobicoke was adopted as the official name of the area in 1795, under the direction of the first lieutenant governor, John Graves Simcoe. Within Etobicoke, the Mimico neighbourhood along the waterfront takes its name from an Ojibwe word, omiimiikaa, which means “abundant with wild pigeons.” This term references the passenger pigeon, which was thought to have been the most numerous species in the world at the time European colonization began in
Yorkville was initially separate from the city of Toronto. Taking after Toronto’s original name, the village was founded in 1830 by brewery entrepreneur Joseph Bloore—who also lent his name to what has become one of the city’s main arteries, Bloor Street—and William Jarvis, who also gave his name to one of the city’s streets. The community continued to grow, and in 1883, it was annexed by the city of Toronto. In the 1960s Yorkville was the bohemian hub of the city, cultivating Canadian musicians such as Joni Mitchell and Neil Young, as well as iconic literary figures such as Margaret Atwood and Gwendolyn MacEwan. Into the 1980s, however, the neighbourhood started taking on the character of a high-end shopping district, as it is known today. Source:
In the 1930s the TTC had streetcar routes running all over the city. Last week, I stumbled across this great map of the TTC’s streetcar routes in 1932 and this week we have a listing out right now in Danforth Village, one of the areas in the city that developed from the 1910s thru the 1930s as a streetcar suburb along the Danforth streetcar line. Most of the housing to the north and south of the street dates from this period. In 1966 the Bloor-Danforth subway line replaced the streetcar. The neighbourhood is currently served by six subway stations: Donlands, Greenwood, Coxwell, Woodbine, Main Street, and Victoria Park. TTC Streetcar map 1932 More information can be found here: https://transit.toronto.on.ca/streetcar/4115.shtml
