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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, […]

Mortgage Insurance Premiums Set To Rise

Mortgage Insurance Premiums Set To Rise

Canada’s federal housing agency is hiking the cost of mortgage loan insurance for homebuyers starting March 17, as part of new regulatory requirements requiring it to hold more capital to offset risks in the country’s red-hot real estate market. Canada Mortgage and Housing Corp. said Tuesday it doesn’t anticipate the increases will have a major […]

Pleas To City Hall To Make Home Ownership More Attainable

Pleas To City Hall To Make Home Ownership More Attainable

Toronto’s budget subcommittee got an earful at Toronto City Hall Tuesday as members of the public, union leaders and business associations lined up to give their input into Toronto’s operating budget. The hearings into the 2017 operating and capital budgets have been going on in civic centres around Toronto for nearly a week, but on […]

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 […]

What Does 2017 Hold For GTA Real Estate?

What Does 2017 Hold For GTA Real Estate?

Is 2017 the year that the sizzle starts to sputter on the Toronto region’s overheated real estate market? That’s possible, says John Pasalis, of data-digging brokerage Realosophy near Queen and Leslie Sts. “As the craziness continues, I suspect that might trigger some bigger changes,” he said in reference to government measures already implemented this year […]