ERIC  GLAZENBERG

ERIC GLAZENBERG

Broker

Sutton Group - Admiral Realty Inc., Brokerage *

Mobile:
416-994-3871
Office:
(416) 739-7200
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ERIC GLAZENBERG's blog

Local housing markets see "economic renaissance" thanks to cannabis

TORONTO, October 16, 2019 - How would you feel about living next door to a Cannabis retail store?  How about a Cannabis production facility?  What if the presence of one of these facilities increased the value of your property?

Canada’s largest cannabis producers are being credited with micro-booms in some local economies, and the trickle-down effects are visible in nearby housing sales and price increases. This trend is more pronounced in Eastern Canada, where there’s a greater number of large-scale cannabis producers.

Canadian landlords increasingly concerned about effect of cannabis use on rental property 

TORONTO, October 9, 2019 - Landlords in Canada are increasingly concerned about the effect of cannabis use on a rental property, according to a poll released October 8.  Real estate website Zoocasa surveyed Canadian property owners and renters about how they feel since the legalization of cannabis last October 17.

GTA REALTORS® Release September 2019 Stats

TORONTO, October 3, 2019 - Greater Toronto Area REALTORS® reported 7,825 sales through TREB’s MLS® System in September 2019. This result represented strong year-over-year sales growth of 22% compared to 6,414 sales reported in September 2018. It is important to note, however, that sales remain well below the record September 2016 peak of more than 9,800 sales.

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