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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 […]

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 […]

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 […]

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 […]

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 […]

Hamilton Now Has The Hottest Real Estate Market

Hamilton Now Has The Hottest Real Estate Market

Hamilton is the hottest housing market in the country when it comes to escalating real estate prices, according to a new study. The RE/MAX annual Housing Market Outlook Report says real estate in Hamilton-Burlington shot up by 19.8 per cent this year compared to last. That’s a few notches ahead of second place Fraser Valley, […]