National Housing Strategy

December 12th, 2017

On Wednesday, November 23, Justin Trudeau announced the federal government’s 10 year national housing strategy. The federal housing strategy is aimed at ensuring that Canadians have access to affordable homes. The aim is to reduce poverty and homelessness. Trudeau deemed access to adequate housing as a “human right”. The federal government is hoping to make […]

 

New Mortgage Rules

November 6th, 2017

The Office of the Superintendent of Financial Institutions (OSFI), Canada’s top banking regulator, introduced new rules on mortgage lending this month, which will take effect January 1, 2018. The rules include a minimum qualifying rate, or what is called a “stress test” for uninsured mortgages. The test is a way to ensure that the loans […]

 

September Home Prices and The National Index

October 17th, 2017

There has been a lot of discussion lately around the recent slow downs to the real estate markets in Toronto and surrounding areas. A number of factors can be said to be contributing to the changes in these previously hot markets, including a number of measures introduced by the Ontario government earlier in the year […]

 

Ontario Legislature moves to regulate Life Leases in bi …

October 16th, 2017

Bill 155, introduced in the Ontario Legislature on September 20, 2017, proposes a new law to regulate, so-called, ‘life leases’, a type of lease arrangement that lasts for no less than 50 years. Life leases are a form of leasing arrangement that has become increasingly popular in Ontario thanks to a rapidly growing seniors population. […]

 

Toronto Home Sales Continue to Tank This Fall

October 4th, 2017

Data shows that September continued to be a month of decline for the Toronto real estate market, with sales falling between 38 and 45 per cent compared to a year earlier. This marks the fifth month in a row of declining sales, which not too long ago had high home values and crazy sales numbers. […]

 

Top Intersections for Condos in Toronto

September 21st, 2017

Condos have been taking over the Toronto skyline, with more to come not only in the downtown core, but in popular hubs around the entire city. New builds provide a ton of options for prospective buyers because they seem to be popping up all over the city, but it seems that re-sale condos surrounding many […]

 

Midrise Condo Battle may go to Mediation with OMB

September 7th, 2017

High-profile residents of the Annex have brought their fight against a proposed midrise condo development to the Toronto & East York community council, which agreed Wednesday to have the city’s lawyer ask for mediation at the Ontario Municipal Board – a move they will consider next month – which is most likely to go forward. […]

 

Toronto Housing Market Update: August

September 6th, 2017

Home sales slowed down through August so much that there was a 34.8 per cent drop in sales compared to last year. This marks the fourth month in a row where sales and home prices have dropped. July’s average price was sitting at $746,033 while August had an average price of $732,292. Since the introduction […]

 

Mid-rise Housing, The Next Best Thing for Toronto Real …

August 31st, 2017

With detached homes in Toronto reaching unattainable prices and an abundance of high rise condos taking over the city skyline, most of which are either purchased and sitting empty, or demanding rent that is extremely high, could midrise development within some of Toronto’s neighbourhoods be the answer to the home ownership struggle many Torontonians are […]

 
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