Elliot George Real Estate

Toronto is Canada’s top tech sector city CBRE has Toronto anointed Toronto Canada’s top tech industry city, giving it a score of 87.6 in its Scoring Canadian Tech Talent report for 2020 to beat out Ottawa and Vancouver, which received 76.4 and 72.8, respectively. Toronto boasts 250,000 tech workers108,400 more than Montreal, which has Canada’s second-largest tech workforcegrowing by 36.5% over the five previous years.... The report added that the 66,900 tech jobs added in the city between 2014 and 2019 could fill a 1 million sq ft office tower 10 times over. Toronto is undoubtedly Canada’s tech sector epicentre, but other Canadian citiesnamely Vancouver, Montreal and Edmontonhave also emerged as viable markets. Still, the technology sector comprises 8.8% of total employment in Toronto, and CBRE gave the city’s tech labour quality an A+. Toronto does, however, rank fourth in cost, with talent costing around $38.2 million and rent coming in at $2.6 million. Yet, with tech employees earning an average annual salary of $84,989, they’re well-positioned to rent in a city where the mean condo rent is $2,307 and where purpose-built rentals average $1,459. With a benchmark home price of $890,400, mortgages are also affordable for workers in this sector of the economy. Reference: https://cutt.ly/7j4Z5N4 #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestate

Wow! What a beautiful colour combination! Do you like it? #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestate

Millennial-aged Canadians’ frenetic pursuit of ground-related housing played an outsized role in the country’s aggregate home price spiking by 9.7% last quarter over the corresponding period a year earlier, according to Royal LePage. Sixty-four percent of the 62 regions in Royal LePage’s House Price Survey and Market Forecast reported annual median price gains of more than 10% for homes with at least two storeys. Canada-wide, the aggregate price of a home was $708,842 last qu...arter, with the price of two-storey homes increasing by 11.2% year-over-year to $840,628, and bungalows rising 10% to $592,899. Condo prices, meanwhile, only grew by 3.9% to $509,239. In the GTA, Canada’s largest metropolitan region, the aggregate price of homes jumped by 10.4% year-over-year in Q4-2020 to $936,510, with ground-related homes rising by 11.9% to $1,102,155, bungalows increasing 12.8% to $923,047, and condos increasing 3.6% to $593,811. Reference: https://cutt.ly/sj1LmjJ #realestate #realestateagent #realestateinvestor #realestateinvesting #realestateblog #realestatestyle #realestatetips #realestatenews #realestateadvice #realestategoals #realestate

Toronto’s Downtown Office Vacancy Rate Climbs to Over 7% in Q4 While residential real estate has broken records amid the pandemic, commercial real estate has been a different story, with office vacancy rates climbing across the country, and downtown Toronto’s vacancy rate rising to over 7% in the fourth quarter of 2020. Downtown Toronto saw office vacancy climb 4.7%, or 250 bps (basis points), quarter-over-quarter to reach 7.2% in Q4, according to the latest report from comme...rcial real estate firm CBRE. The report also revealed that the national office vacancy rate hit 13.4%, a high last hit in 2004, while industrial availability fell to 3.3% as 23.1 million sq. ft. of new space was constructed throughout the year and quickly leased. According to the latest data, in the fourth quarter of 2020, the 2.6 million sq. ft. of sublet space currently on the market in downtown Toronto represents almost half (40.4%) of all vacant space, an all-time high. What’s more, Toronto’s suburban vacancy rate rose for a third consecutive quarter to 15.3%, marking the highest suburban vacancy rate in Canada’s largest city since 2004. According to the Q4-2020 report, office attendance and leasing remains hindered by rolling lockdowns. Canadaâs downtown office vacancy rate rose to 13.0% in the fourth quarter, compared to 9.8% a year earlier. Both direct and sublet space increased in nearly equal measure this quarter. Reference: https://cutt.ly/2jLq7UD #realestate #luxuryrealestate #realtor #realestateagent #tagstagram #tagsta #realestateinvestor #realestateinvesting #tagstgramers #realestateblog #realestatestyle #realestatememes #realestatetips #realestatenews #realestateadvice #realestategoals

This electric fireplace looks great in the interior! Do you like it? #luxurylifestyle #luxury #torontoluxury #torontoluxuryhomes #realestateinvesting