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Housing Market Downturn Will Be Short-Lived

Housing Market Downturn Will Be Short-Lived

The federal housing agency says the current downturn in Toronto’s housing market is expected to be short-lived. Canada Mortgage and Housing Corp. (CMHC) says Toronto property prices, which have fallen over the last couple of months, should pick up again as demand bounces back. The Ontario government introduced measures in the spring, including a 15 […]

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- 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 […]

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 […]

First-Time Buyers Beware!

First-Time Buyers Beware!

If you’re a first-time homebuyer hoping to live in the big city, beware the government’s new borrower “stress test.” It could relegate you to the ’burbs. The new rule requires all insured borrowers to prove they can afford a payment at the posted five-year fixed rate (which is currently 4.64 per cent). That could kill […]

International Housing “Hacks” Toronto Can Learn From

International Housing “Hacks” Toronto Can Learn From

Metro has complied a few “housing hacks” from around the world to give you a glimmer of hope — or inspiration — for 2017. Students Share with Seniors While it might put a damper on partying, the logic at NYU is student budgets are strained and retired people have space. The University has launched a […]