Condo buyers in Ontario will get greater protection following the announcement of new requirements by the province’s home warranty provider. Tarion will says the new measures will help educate and inform prospective homebuyers and will include the addition of new search tools on Tarion’s Ontario Builder Directory and a new detailed information sheet highlighting the […]
When real estate agent Ben Caballero achieved verified home sales of 3,556 it earned him a place in the record books. But last year, Caballero did what many thought impossible by beating his own record by 67%, selling an eyewatering 5,801 homes through the MLS in just one year. The total number of homes sold […]
The Harvey Kalles sales representative has been an agent for 15 years. In 2017, Kutyan was contacted by the The Globe and Mail and asked how he was able to get multiple offers on a home in mid-town Toronto. This was after the introduction of the Ontario Fair Housing Plan, when he had been the […]
Global institutions are increasing their allocations to commercial real estate assets as confidence in the sector remains high. The appetite for CRE investment among the world’s largest investors has reached a 7-year high despite concerns about asset valuations and weakening economic growth. The annual Real Estate Allocations Monitor from Hodes Weill & Associates and Cornell […]
The buoyant economic conditions in Toronto mean more people moving to the city for work and wanting the most affordable housing options. This has helped the condo apartment sales market in the third quarter, which gained 11.1% year-over-year according to new figures from the Toronto Real Estate Board. TREB members reported 6,407 condo apartment sales […]
The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board. Rent increase guideline for 2020 The rent increase guideline is 2.2% for increases between January 1 and December 31, 2020. Who it applies to The guideline applies to most private residential […]
O. Reg. 343/18: Timing of Tax Payable Under Subsection 3(2) of the Act was filed on April 26, 2018 to provide quarterly reporting periods for Land Transfer Tax on qualifying unregistered dispositions of a beneficial interest in land. Commencing on December 16, 2017, new provincial land transfer tax statements are being incorporated into Teraview, Ontario’s […]
Overview The NRST is a 15 per cent tax on the purchase or acquisition of an interest in residential property located in the Greater Golden Horseshoe Region (GGH) by individuals who are not citizens or permanent residents of Canada or by foreign corporations (foreign entities) and taxable trustees. The NRST applies in addition to the […]
Q2 2019 registered a total of 563 investment property sales transactions over $1 million, representing a total investment value of $5.8 billion TORONTO – Altus Group, a leading provider of software, data solutions and independent advisory services to the commercial real estate industry, today announced the second quarter of 2019 results for commercial real estate […]
Year-to-date new home sales totals for January – June 2019 in the Greater Toronto Area are as follows. YTD (Jan to June) 2019 Results Low Rise: 4,796 sales; up +130% from 2018; down -40% from 10 year average High Rise: 12,331 sales; up +24% from 2018; up +5% from 10 year average Total New Homes: […]
The Toronto housing market has seen a world of change in recent years – factors such as a strong economy, heavy migration, low rental vacancy, as well as investment in real estate as an asset, have had a too-hot-to-handle impact on average home prices in the city. According to data from the Toronto Real Estate […]
This week, RBC Economics published a study on Canada’s rental market where they argued that the pace of new supply needs to at least double in markets like Toronto in order to meet future housing demand and balance the market. Similar things, I’m sure, could be said about many other housing markets around the world. […]
Condo markets in Toronto, Vancouver, and Montreal have accelerated significantly this fall, especially when compared to other major cities south of the border. Last month alone, benchmark prices in Toronto went up by 5.2% annually to $805,500. This was only about $10,000 below the record highs achieved around two years ago, Bloomberg reported. And even […]
Colliers International is celebrating after selling out the commercial element of North Vancouver’s new premium Park West development. The real estate firm had set itself a target of selling the strata units in the shortest time but with the highest possible price and achieved this in just 2 weeks. The sales were led by Casey […]
With investors and consumers giving greater scrutiny to the companies they do business with regarding their environmental, social, and economic performance, being a ‘sustainable business’ is a badge of honour. TD Bank Group has been named among the world’s most sustainable businesses by Dow Jones Sustainability Indices (DJSI) among just 25 banks on the shortlist […]
The building approvals process in British Columbia is in need a makeover to make it more efficient. The Minister of Municipal Affairs and Housing initiated a review of the process at the Union of British Columbia Municipalities (UBCM) convention in 2018 and now the findings of that review are published in a new report. A […]
Toronto’s rental housing landscape is getting hit from all sides, as high prices keep homeownership out of reach for many while a chronically undersupplied rental pool fails to keep up with rising demand. Even as purpose-built rental construction in Canada’s largest city rises significantly, RBC senior economist Robert Hogue says the market is not on […]
Home sales rose Canada-wide for the sixth straight month in August, leading one of the country’s largest real estate industry groups to increase its 2019 sales forecast on the back of the sustained strong results. According to Canadian Real Estate Association (CREA) data and commentary released last week, the impacts of the new mortgage rules […]
After around a year of mostly weaker activity, housing starts accelerated in August, according to Canada Mortgage and Housing Corporation. The trend measure stood at 218,998 units last month, markedly larger than the 208,931 units in July 2019. “Higher trending single-detached starts in urban centres in July and August following roughly a year of declines […]
Paul D’Abruzzo took a tenant to the Landlord and Tenant Board for three months of unpaid rent on an investment property he owned in Whitby, and through mediation—his best option—ended up coughing up a fourth month of rent-free living. “My tenant sat there in mediation and said she can’t pay rent anymore, and after I […]
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