A new community coming to Toronto’s waterfront as part of the eco-engineering marvel that is the Port Lands Flood Protection Project has made some particularly magnificent strides in the last few weeks, but just as the land is being primed for the new precinct, people are chiming in with a few pieces of constructive criticism. […]
This morning, Statistics Canada (StatCan) published its anticipated March inflation report. The Consumer Price Index (CPI) rose 2.9% on a year-over-year basis in March, up from a 2.8% gain in February. Economists had predicted that the Consumer Price Index (CPI) would tick up in March thanks, in part, to an increase in gasoline prices. Gasoline […]
Canada’s housing agency says it is ending the first-time homebuyer incentive program, which many had criticized as unhelpful. According to the Canadian Press, Canada Mortgage and Housing Corp. said in a notice on its website that the deadline for new or updated submissions to the program is midnight Eastern time on March 21. The plan […]
Greater Toronto home sales soared 37% in January / February compared with the same month a year ago as lower borrowing costs associated with fixed-rate mortgages lured some buyers back to the market. Bidding wars are also storming back in some choice Toronto GTA locations. Last month’s 4,223 home sales also marked a 22.9 per […]
Could Canada’s headline inflation rate reach the neutral target of 2% by this summer, a full year sooner than the Bank of Canada’s own forecasts? National Bank of Canada thinks so. In a new report, economist Taylor Schleich argues that there’s actually a “clear path” to 2% inflation by the middle of this year. “To […]
A common problem today for would-be buyers of pre-construction homes or condominiums is when the property values have dropped, interest rates have jumped to make financing impossible, and reselling at a loss in a depressed market is not realistic. William’s predicament is not uncommon. Back in September, 2021, he signed an agreement to buy a […]
64 countries (plus the European Union) are expected to hold national elections in 2024, representing a combined population of about 49% of the people in the world Learning from the history on election years quantitative easing was a common political solution !!! Below list are representing the expected national elections in 2024 in the world: […]
Ranked: Canada’s Housing Markets By Price Growth in 2023 Between 2010 and 2022, real Canadian housing prices jumped 90%, making Canada one of the most expensive and unaffordable housing markets in the world. We visualize the average price of housing across Canada’s provinces and territories in 2023 (excluding Nunavut), based on data from the Canada […]
Downtown Toronto appears to finally be bouncing back nearly four years after the onset of the pandemic, but it could still be a while before the city returns to its former glory, experts say. According to research by the University of Toronto’s School of Cities, which has been monitoring cellphone activity in major North American […]
The housing market in Canada is currently grappling with a significant and unprecedented challenge – a widening gap between population growth and housing completions. This growing disparity has far-reaching implications, impacting economic, physical, and mental well-being, and posing a threat to Canada’s status as a prosperous and upwardly mobile society. Understanding the Housing Disparity Recent […]
Introduction: In Ontario, Canada, landlords have specific rights and obligations under the Residential Tenancies Act, 2006, and other relevant legislations. One of the main rights landlords have is the right to evict tenants under specific circumstances, which include the need for demolition or renovation, personal use of the property, illegal activities, nuisance, damage to premises, […]
With highly educated immigrants set to grow Canada’s population, one of the world’s largest asset management firms is looking to invest heavily in the country. Blackstone, the world’s largest alternative asset management company which oversees US$1 trillion in assets, is opening up an office in Canada as it commits to growing its presence and investments […]
What is the money supply (M2) of Canada in 2023? How will it impact you and your wealth? Canada M2 Money Supply is at a current level of 2.410T, down from 2.412T last month Referring to Collecting the helicopter money model (monetary tightening by raising the interest rate). Central Banks are Creating Paper money from […]
GTA New Condo Prices by Month Average Greater Toronto Area New Condo Asking Prices Average GTA new condominium apartment asking prices per-square-foot are up 63% since 2018, but down 8% annually to just under $1,500 psf in August. The average end-selling price was $1.33 million for a new condo in the GTA in August, down […]
Are you considering selling your occupied rental property? Whether you’re a seasoned landlord or an accidental investor, parting ways with a rental property that currently has tenants can be a complex process. First and foremost, understanding the legal rights and obligations of both landlords and tenants is crucial. You must navigate the intricacies of existing […]
Toronto’s condo market continued to tighten in the second quarter of 2023, according to new data from the Toronto Regional Real Estate Board (TRREB), with sales up “strongly” year over year and new listings once again failing to keep pace. More specifically, TRREB reports that there were 6,844 total condominium apartment sales in the quarter, […]
The investment world often buzzes with the debate of real estate versus stocks. While both avenues have unique advantages, real estate investment stands out with distinct benefits that often outshine the stock market, especially in times of high inflation. Here are some reasons why your clients should be looking to put their money into real […]
Proximity to the burgeoning Greater Toronto Area (GTA) has led to an “explosion” of development land prices, with increases of 500 per cent – or more – in prime areas of Southwestern Ontario over the past few years. The sector most affected is industrial and employment lands in areas such as Hamilton and the Guelph-Kitchener-Waterloo-Cambridge […]
Real estate developers are launching hundreds of new condo units in the Toronto region this year, as buyer demand grows after months of fretting over higher interest rates. Ever since the Bank of Canada announced in late January that it would take a break from hiking interest rates, activity in the residential real estate market […]
Toronto Police are seeking a suspect in yet another housing scam investigation, just the latest in a string of similar scams where fraudsters rent or even sell homes they do not own. In the most recent case, police allege that between November 2022 and February 2023, 49-year-old Cem Devrim Turetken listed units on apartment rental […]
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