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Most of Canada's rental markets have seen substantial rate hikes over the past year, with Toronto and Vancouver prices for one-bedroom units now heading for the $2,000 mark. And it's becoming decidedly difficult to rent an apartment in most major Canadian cities (and some minor ones) for under $1,000. For the first time ever, Padmapper's monthly survey of rental rates found that the median price for a one- bedroom apartment topped $1,000 in Canada's 10 priciest cities. The survey launched last June. Padmapper The Padmapper data shows the median price for a one- bedroom apartment in Vancouver is $1,990 this month, up 13.7 per cent in a year. Harder-to-find two-bedroom units were up 3.2 per cent, to $3,200. The city remains the priciest region to rent an apartment in Canada. Toronto has seen one- bedroom rents climb 8 .8 per cent in the past year, to $1,850. Two- bedroom units rose to $2,450, up 14 per cent in a year. Market experts say Toronto and Vancouver are...

MANATEE -- A proposed lakeside apartment complex bordered by newer townhomes and single family homes may soon bring more market-rate rentals to University Parkway. A property owner-controlled by Gilbane Building Co. of Rhode Island has submitted a final site plan to Manatee County that calls for 180 apartment units at 3415 Broadway Ave. The six- building complex would occupy a little more than nine acres in an area with fewer rental options than University Park to the east. Contacted about details the project, a representative of the property owner, University Groves Property LLC , declined to comment. Gilbane operates an office in Lakewood Ranch. Laurie Rastovski, a real estate agent with Michael Saunders & Co. who specializes in rentals, said new apartment units near the west end of University Parkway will be welcome. Having previously worked as a leasing agent at a large apartment complex nearby , she sees the demand. "In that area, it's going to be nice to have s...

The hotel industry may be waging war on Airbnb, but that hasn’t stopped hotels in Miami-Dade from sleeping with the enemy. Of course, to most properties that have chosen to list some of their hotel rooms on the home-sharing platform, Airbnb is anything but an enemy and rather just another site to advertise their product. They’re far removed from the ongoing tension between Airbnb and the American Hotel and Lodging Association, which has devised a detailed plan around the nation to squash the growth of short- term rental platforms . The intersection of hotels and Airbnb has, naturally, found a home in Miami-Dade, one of the top five short- term rental markets in the country. More than 100 South Florida boutique hotels list some, if not all, of their rooms on Airbnb, the company estimates . They are part of a growing number of properties in the U.S. that have moved onto the site, particularly since last November when Airbnb started aggressively courting boutique hotels to list on the...

Megan Mishler has lost her sense of security. Mishler, who has a rare genetic condition called Ehlers -Danlos Syndrome that prevents her from working, was recently forced to move from her apartment just west of Ann Arbor because her landlord is transitioning from affordable housing to market rate. Mishler is not alone; the transition will impact 144 units at the 368- unit Woodchase apartment complex at 1100 Rabbit Run Circle in Scio Township. “This has been extremely, extremely difficult. I was almost paralyzed at first,” Mishler said, referring to when she learned she would have to move. “This just added a whole other layer on top of all the other stuff that I’m already dealing with.” Mishler was told the rent for her one-bedroom apartment would jump from $770 per month to about $1,200 per month at the end of her lease term. The Woodchase apartments in Scio Township were developed in 1998. Katie McLean | The Ann Arbor News   Mishler uses the Section 8 Housing Choice Voucher Progr...

When Dr. Oz isn’t in, his vintage Palm Beach vacation house is for rent. And its $95,000-a- month price tag  once again ranks it near the top of the listings available for lease during the approaching snowbird season . Dr.  Mehmet Oz and his wife,  Lisa , bought Louwana — their landmarked 1923 house on the ocean at 473 N. County Road — nearly two years ago. The star of  The Dr. Oz Show  and his family are longtime fans of Palm Beach. >> PHOTOS: Dr. Oz's landmarked $18M Louwana estate in Palm Beach The Ozes have leased the property for at least part of the season since they bought it for $18 million. The listing, by agent  Shirley Wyner of  The Fite Group , says a $90,000 deposit will secure rental of the 12-bedroom house, which is directly on the beachfront and has 12, 483 square feet of living space, inside and out. RELATED: Dr. Oz behind purchase of landmarked $18 million Louwana estate Yet even with its jaw-dropping price, the house is only the second-most- expensive...

SEATTLE, Aug. 24, 2017 /PRNewswire/ -- Home values are setting new records in about half of the country's largest metros, and the national median home value is now $4,100 more than it was in April 2007, just before the market crashed , according to the July Zillow® Real Estate Market Report(i). Home values in Denver, Dallas and San Jose have appreciated most beyond the previous record-highs set at the peak of the housing bubble in the mid-2000s. Homes in Denver are almost 60 percent more valuable now than during the bubble, increasing from a median home value of $235,900 in April 2006 to a current median home value of $371,100. When the housing market crashed , home values plummeted and it has taken about 10 years for home values to reach new record highs. Strong labor markets and steady income growth have pushed up home values in the nation's hottest markets more quickly than in others. Among the 35 largest housing markets , 15(ii) have higher median home values than ...

Hanoi’s most expensive land prices can be found around the West Lake area of Tay Ho District , where a square meter can fetch at least $20,000. Monthly rental rates in the area are also among the highest in the city, at 27 percent above the average rate, according to Savills, a global real estate services provider . Despite the sky-high prices, real estate hunters remain fixated on this golden piece of land. “While the real estate market in Hanoi has gone through many changes with many new projects appearing on the skyline, the West Lake area has never lost its attraction thanks to the rare natural beauty and clean atmosphere,” according to Matthew Powell, director at Savills Hanoi. The real estate rental market has witnessed a boom in recent years following rising demand among foreign expats working in Hanoi, according to a survey conducted by the financial institution Dragon Capital . The survey also noted that high-end apartments, especially those located around West Lak...

San Francisco Supervisor Aaron Peskin has asked the city attorney to explore legislation to impose a vacancy tax on large property owners who leave residential and commercial buildings empty . During a supervisors meeting this month, Peskin said he continues to receive complaints about the impact of “ghost buildings” on neighborhoods. The problem is, nobody really knows how many vacant homes there are in the city and whether a vacancy tax would be legal or effective in freeing up much-needed housing. In an interview, Peskin cited a 28- unit apartment building at 1656 Powell St. that was vacated after a fire damaged some units in December 2013. It remains empty. The three-story building is in a prime North Beach location across from Washington Square Park . Four businesses on the building’s ground floor — a liquor store, a bar, a Thai restaurant and a seafood restaurant — are open, but the apartments above still have boarded-up windows and a littered lobby. Some work was done in the...

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