Is too much of your wealth tied up in the housing market?
Over the past decade, Canadians have increasingly pegged their fortunes to real estate, often with the assumption that housing prices will continue to rise. Continue reading
Ontario housing market
OREA says a more open real estate bidding process benefits everyone
In Ontario, realtors are permitted to share the price of a competing offer with another buyer, but only if all parties involved agree to the auction process. Continue reading
Home prices in Ontario expected to increase moderately: CMHC
A new report from the Canada Mortgage and Housing Corp. says moderate economic growth in the Greater Toronto Area and Ontario generally will provide support for provincial real estate prices in 2018 and 2019. Continue reading
Ontario finance minister can’t say if foreign buyer tax will affect GTA housing market
When asked what data the decision to implement such a tax was based on, Charles Sousa cited a November 2016 Toronto Real Estate Board survey that suggested foreign buyers were involved in about five per cent of purchases. Continue reading
Bill Morneau says Ontario’s housing market plan won’t be applied nationally
“The measures around trying to reduce speculation in the market, we think, are positive,” Bill Morneau said. Continue reading
Why Canada wins, but many Torontonians lose, from Ontario’s new housing measures
Measures can help tame the city’s housing bubble but won’t make homes affordable. Continue reading
Ontario government to impose 15% tax on foreign homebuyers, expand rent control
The Ontario government will place a 15 per cent tax on non-resident foreign buyers. Continue reading
Why people across Canada should care about Toronto’s housing market
If you’re not living in Toronto, should you care about its housing market? Some economists say yes. Continue reading
No measures for homebuyers that could impact house prices in Toronto: Bill Morneau
The average price of a detached house in the region hit $1.21 million last month, up 33.4 per cent from a year ago. Continue reading
Sousa hints upcoming housing measures will target market speculators
TORONTO – Ontario Finance Minister Charles Sousa is giving strong hints that the government’s much-anticipated house affordability package will include measures targeting real estate speculators, or as he calls them “property scalpers.” Continue reading