The Growing Demand for Purpose-Built Rental Housing in Toronto As Toronto’s population continues to expand rapidly, driven by factors such as high immigration rates and urbanization, the demand for rental housing has reached unprecedented levels. The city’s rental market is under immense pressure, with supply struggling to keep pace with this surge in demand. For…

At Clifton Blake’s Lunch & Learn event on October 31, Benjamin Tal, Deputy Chief Economist at CIBC delivered an engaging and insightful presentation on current market dynamics and economic trends. His analysis covered both macroeconomic and microeconomic factors influencing the Canadian economy today. He examined the Bank of Canada’s commitment to managing inflation, explaining how…

The quick rise in interest rates over the past few years drove many investors into term deposits and other short-term fixed income products. CIBC estimates over $200 billion went to these products that normally might have bought high-yielding equities.

Headlines this year have described Toronto’s condo market as a ghost town, but recent data on purpose-built rental developments suggests the industry is on the cusp of a significant reset. “There’s a wall of purpose-built rentals coming, particularly around transit nodes,” says Wes Myles, president and chief investment officer at Toronto’s Clifton Blake Group, a…