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5 Reasons Why Toronto’s Housing Market Won’t Tank

5 Reasons Why Toronto’s Housing Market Won’t Tank

There have been many news articles about the slowdown of the Toronto housing market, and many industry prognosticators are predicting a crash. While it’s easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong. This is more likely […]

An Immigrant’s Quest To Home Ownership

An Immigrant’s Quest To Home Ownership

Trying to buy a house in big cities such as Toronto or Vancouver is challenging for any young family, but is doubly so for newcomers to Canada. Prices in the housing market often come as a shock and then the process of qualifying for a Canadian mortgage can be complicated and confusing. However, once qualified, […]

The 10 Most Anticipated Condo Developments In Toronto

The 10 Most Anticipated Condo Developments In Toronto

Toronto has a lot of exciting condo developments in the works, many of which will make significant contributions to the public realm as they eventually arrive on the scene. Whether on account of architecture, public space, or new retail options, the best of the city’s new condos will leave a lasting mark. Here are the picks […]

The Home Capital Debacle & What It Means

The Home Capital Debacle & What It Means

In February 2016, Gerald Soloway announced he was stepping down as CEO of Home Capital Group, a mortgage provider he co-founded 30 years ago. Home Capital, based in Toronto, is an alternative or non-prime lender, issuing mortgages to people generally turned away by traditional banks, such as the self-employed or new Canadians with a limited […]

Market Stats – April 2017

Market Stats – April 2017

Strong Growth in New Listings in April May 3, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB’s MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all […]

Condo Market Strong, Inventory Remains Low

Condo Market Strong, Inventory Remains Low

The Greater Toronto Area’s condo market saw record quarterly sales as inventory plummeted in the first quarter, some of it clearly linked to investors looking to profit from units quickly. Urbanation Inc., a condo research firm, said Wednesday there were 9,932 new condo apartments sales across the the GTA over the first 90 days of […]

Deconstructing Ontario’s “Fair Housing Plan”

Deconstructing Ontario’s “Fair Housing Plan”

On Thursday, the Ontario government introduced measures intended to cool the housing market in the Greater Toronto Area. Here’s a breakdown of all 16 and the impact housing market experts believe they will or will not have. 1. A 15-per-cent Non-Resident Speculation Tax (NRST) on the price of homes in the Greater Golden Horseshoe (GGH) […]

What Ontario Should Learn From BC’s Housing Debacle

What Ontario Should Learn From BC’s Housing Debacle

British Columbia realtors report March sales were off almost 22 per cent from a year ago and blame the shortfall on a lack of new supply hitting the market. Across the province, the British Columbia Real Estate Association said Thursday active listings in March dropped 18.1 per cent from a year ago to 25,020 but […]

Market Stats – March 2017

Market Stats – March 2017

Tight Market Conditions Continue in March April 5, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016. For the TREB market […]

Rent Control Is Not The Answer

Rent Control Is Not The Answer

New rent-control rules are “the exact opposite” of what is needed to deal with housing affordability problems in Toronto, Canadian Imperial Bank of Commerce economist Benjamin Tal says. In a new report Tuesday, Mr. Tal urges the Ontario government not to proceed with “alarming” plans to expand rent-control protections, saying the Greater Toronto Area needs […]