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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 […]

Market Stats – December 2016

Market Stats – December 2016

“The strongest annual rate of sales growth in 2016 was experienced for condominium apartments followed by detached homes. A relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing strong in the GTA, as the region’s population continued to grow in 2016.” TREB

Is Vaughan Ready For A Condo Boom?

Is Vaughan Ready For A Condo Boom?

The CN Tower defines Toronto’s skyline. Roller-coasters define Vaughan’s. For now, anyway. One real estate developer is hoping to build condo towers, stretching 51- and 53-storeys tall, in an area that will soon be the city’s downtown core. Other new buildings are already springing up in the same area — dubbed the Vaughan Metropolitan Centre […]

Crackdown On Chinese Funds?

Crackdown On Chinese Funds?

Everything that happens can be experienced as alarming. In Canada, for example, the pouring of money across the Pacific from China may (or may not) be a takeover of great swaths of real estate in Vancouver and Toronto, leaving young people unable to find a reasonably affordable place to buy and live in. The federal […]

Market Outlook 2017

Market Outlook 2017

Despite a predicted decline in sales activity for 2017, most of Ontario’s housing markets won’t experience price declines this year. That’s because the inventory on single family homes continues to be dramatically low, making it a seller’s market in most of the Greater Toronto and Golden Horseshoe areas. How inventory is dictating prices Housing stock […]

Airbnb: To Snitch Or Not Snitch?

Airbnb: To Snitch Or Not Snitch?

Shawn Micallef: It took me a while to realize my neighbour was running an Airbnb across the hall in my rental building. It’s a slow thing to notice. There are longer hellos and goodbyes at the door, suggestions to go to the ROM, and one morning three guys came out with an empty case of […]