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 […]
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 […]
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 […]
These Are 10 of the World’s Least Affordable Housing Markets It’s become increasingly difficult for middle-class families to purchase a home over the last few years—and the global pandemic has only made things worse. According to Demographia’s 2022 Housing Affordability Report, the number of housing markets around the world deemed “severely unaffordable” increased by 60% […]
This article will appear in the forthcoming May issue of Investment Executive. Ottawa’s proposed new anti-flipping rule represents a significant change in real estate taxation, providing the Canada Revenue Agency (CRA) with clarity regarding when profits on a home sale are subject to full taxation and limiting access to the principal residence exemption (PRE). Under […]
The Ontario government has announced that it is investing more than $19 million over the next three years in an effort to help reduce the longstanding backlogs and accelerate decisions at the Ontario Land Tribunal (OLT) and Landlord and Tenant Board (LTB). The funding will help appoint more impartial adjudicators at both bodies, and support […]
Following a steady decline of COVID-19 cases across the province, the Ontario government will lift essential workplace restrictions on construction activity. Beginning on Tuesday, May 19th, all construction operations will resume as part of stage one of Ontario’s three-stage reopening plan, which was introduced by Premier Doug Ford in late April. Since mid-March, construction has […]
Goldman Sachs’ chief economist predicted that advanced economies would shrink by about 35% in the second quarter of 2020 compared with the first three months. The economist, Jan Hatzius, praised global policymakers’ responses meant to keep households and businesses afloat but said that Europe should do more and that wealthy countries needed to help developing […]
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 […]
Real estate is not a one-size-fits-all strategy. Pierre Carapetian, a top 1 percent agent in Toronto and an avid real estate investor himself, shares what we should know about buying an investment property in Toronto. Here are his tips to profitable purchases. 1. Understand your goals The type of product you invest in will depend […]
The Bank of Canada has stepped to the sidelines since it last hiked the overnight rate, which influences rates on the mortgage market, this past October. Leaving the policy rate at 1.75 percent since then is a departure from the central bank’s gradual efforts to push interest rates higher: The Bank of Canada has embarked […]
In the 32 years since Promenade Mall opened on Bathurst Street in Vaughan, north of Toronto’s city limit, both the retail landscape and demand for suburban land has changed. The 2017 departure of bankrupt anchor tenant Sears, which occupied almost 20% of the mall’s space, was a further blow to the mall’s already declining traffic. […]
Vancouver will make changes to bylaws to make it easier to build laneway housing. The City Council voted in favour of the changes this week which will help to achieve the Housing Vancouver target of 4,000 new laneway homes over the next 10 years. “It’s great to see City Council support changes to get more […]
Canada is not just running out of residential real estate in its key markets — the country’s commercial and industrial real estate is also filling up fast. Availability of industrial property across the country fell to a historically low level of 3.9 per cent in 2018, while supply tightened in eight of the 10 major […]
Toronto’s low rental vacancy rate has been pushing rents upwards for months, and last quarter was no exception. The average rent for a 732 square-foot Toronto apartment rose 11.2 per cent year-over-year to $2,302 last quarter, according to a new report from Urbanation. Meanwhile, condo lease transactions fell 8 per cent to just 7,754 as […]
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There were 1,752 total new home sales in July 2017, with 137 Low Rise sales, down -85% from July 2016 (down -86% from 10yr avg) and 1,615 High Rise sales, down -34% from July 2016 (up +4% from 10yr avg). The New Home Benchmark Price tracks the average Low and High Rise home or unit […]
No matter where you live, a low-rise home on a quiet suburban street or in the heart of downtown in a 40-storey tower, it’s always important to be respectful of your neighbours. With that in mind, we want to share a list of a few things you should never do when you live in a […]
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