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Fixing Our Housing Market

Fixing Our Housing Market

With Toronto housing getting harder and harder to afford, governments are under pressure to “do something” – always a dangerous moment. Several ideas are being kicked around, most of them ranging from the dubious to the awful. A tax on foreign buyers has clear political appeal. Housing prices soaring out of control? Blame the Chinese! […]

Tarion Stripped Of Its Regulatory Duties

Tarion Stripped Of Its Regulatory Duties

The Ontario government is stripping Tarion new home warranty corporation of its responsibility to regulate the province’s homebuilders. “Tarion’s multiple roles and responsibilities can give rise to a perception of conflict of interest, and could result in an actual conflict or conflicts of interest,” Government and Consumer Services Minister Tracy MacCharles said Tuesday. “The new […]

Solving Canada’s Housing Enigma

Solving Canada’s Housing Enigma

If Yogi Berra were alive today, he’d probably describe the Toronto housing market like this: Things are so good, they’re bad. And if they get any better, that’ll be worse. In February, the Teranet-National Bank house price index showed prices in Greater Toronto rising 23 per cent over the previous year – or about 21 […]

New CRA Rules For Selling Your Home

New CRA Rules For Selling Your Home

If you sold your home in 2016, you need to let the taxman know as failing to do so could cost you up to $8,000 in penalties. You heard that right. Canadians didn’t used to have to report the sale of the home that was their primary residence, but the Liberal government changed that when […]

It’s A Supply Issue: New Construction Is The Key

It’s A Supply Issue: New Construction Is The Key

Creating a new supply of homes is the key to cooling down Toronto’s red hot real estate market, says the head of Ontario’s Real Estate Association. Tim Hudak, CEO of the group which represents 70,000 brokers and salesmen, is calling on the province to establish a task force to examine the issue of home affordability […]

Vaughan Has Happiest Residents

Vaughan Has Happiest Residents

Folks in Vaughan feel pretty happy about the quality of life they enjoy and the services they get from the city, but they’re not to pleased with the community’s crippling traffic congestion, a new survey has found. Ninety-seven per cent of residents feel the quality of life in Vaughan is very good or good, according […]

Market Stats – February 2017

Market Stats – February 2017

Sales Up and Listings Down in February March 3, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. Despite the fact that February 2016 had one more day due to the leap year day, this result was up […]

Chasing The Canadian Dream

Chasing The Canadian Dream

The mayor of Caledon, a town of about 60,000 northwest of Toronto, says government can try all it wants, but the dream of owning a home will persevere. Allan Thompson should know. His town, like many others that ring around Ontario’s capital, has become a launching site for new communities as people priced out of […]

Market Stats- January 2017

Market Stats- January 2017

“January 2017 picked up where 2016 left off: sales were up on a year-over-year basis while the number of new listings was down by double-digit annual rates for most major home types. Home ownership continues to be a great investment and remains very important to the majority of GTA households. As we move through 2017, […]

What’s Driving Toronto Real Estate Market?

What’s Driving Toronto Real Estate Market?

When Vancouver slammed the door on foreign buyers last year there was a great deal of concern that they would simply shift their attention east to another overheated market: Toronto. But a new study suggests Ottawa’s new tougher mortgage rules will have a bigger impact on the Toronto market. New research by Ipsos Public Affairs […]