How to Downsize in Toronto’s Luxury Real Estate Market | When you’re used to space, the thought of downsizing can be a challenging one. Isn’t bigger better? Is your family going to be constantly underfoot? Where will you host your guests? But taking a step towards a smaller footprint can offer benefits: smaller homes are often easier to maintain, more environmentally friendly, and can suit a lifestyle of travel and multiple pursuits. If you’re thinking about taking the downsizing leap, here are a few points to consider.

Toronto’s housing market showed more signs of stability in October as prices for condos and semi-detached homes jumped even as unit sales were little changed. The average selling price rose 1 per cent last month from September to a seasonally adjusted $810,881 (US$619,419), the first gain in three months. The benchmark price, which adjusts for the types of houses sold, rose 2.6 per cent from the same month last year.

How consumer trends in personal luxury goods open up new possibilities for luxury real estate. The personal luxury market is in a constant state of flux. From art to watches to wine, the luxury market responds to increasing consumer demands for accessibility, personalization and secure service. Here’s how today’s agents can respond to what consumers are looking for next.

As one of the most walkable cities in Canada, Toronto has a lot to offer the daily wanderer. Living a short distance from restaurants, bars, shopping, and cultural institutions is an important aspect of the urban experience. Whether it’s the hustle and bustle of the centre of the city or a tranquil enclave you’re after, these six neighbourhoods are some of the most walkable in the city—ideal for a place to call home.

Renting a condo in Toronto keeps getting more expensive.

The average monthly rent for a condo in the city jumped 7.6 percent in the third quarter from a year ago to a record high C$2,385 ($1,829), according to Urbanation Inc. While the number of new condo rental leases signed grew slightly in the third quarter from last year to 8,186, the market still remains exceptionally tight. Average lease prices in purpose-built rental buildings completed since 2005 in Toronto surged 17 percent to C$3.09 per square foot as higher-rent properties were completed in the past year.

Toronto's housing market has seen a marked slowdown since a new non-resident tax successfully pushed many foreign buyers out, but a forecast from real estate agency Engel + Volkers says a new phenomenon is about to take over as the driver of Toronto's housing boom: The tech industry. The influx of tech companies into Toronto's downtown core in recent years has already had "a huge effect" on the real estate market, said Anthony Hitt, president and CEO of Engel + Volkers North America.

The surrounding city lights, fine dining on your doorstep, and a short commute to the financial district—condominium living is chock-full of conveniences. But when it comes time to refresh your space or put it on the market, it can be a challenge to know where to focus your efforts. For those looking for a return on investment, these condo upgrades are worth the effort.

Over the years, Canadian architects and designers have crafted a wide range of attractive and architecturally significant residences across the country. Now, they are finally beginning to get the recognition they deserve. From Moshe Safdie’s treasured Habitat 67 to Morton Katz’s Le Corbusier–inspired designs, here are six homes by Canada’s top architects and designers.

If “location, location, location” is at the top of your property search priorities—after all, who doesn’t love close proximity to the best restaurants, venues, and events a city has to offer—consider the new wave of expertly designed or recently refurbished condos and townhouses cropping up across the country.