Ranked: These Are 10 of the World’s Least Affordable Housing Markets

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% […]

Anti-flipping proposal may get bogged down with exemptions

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 […]

Ontario Invests $19M to Accelerate OLT and LTB Decisions

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 […]

Home construction in Ontario can fully resume on May 19th

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 says advanced economies will shrink by 35% in the 2nd quarter — quadruple its financial-crisis record

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 […]

9 tips for buying profitable investment condos in Toronto

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 […]

Promenade Mall Redevelopment Plan Submitted to Vaughan

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 approves laneway housing improvements

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 […]

Things you should NEVER do when you live in a condo

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 […]