2.1% property tax hike approved – but is it enough? Image

2.1% property tax hike approved – but is it enough?

While the sale price of homes has more than doubled in the last 10 years, property taxes have increased on average just 2.4% annually according to Toronto Real Estate Board (TREB) stats. The 2018 budget includes a property tax increase of just 2.1%,

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CMHC Predicts Soft Landing for Housing Market Image

CMHC Predicts Soft Landing for Housing Market

The Canada Mortgage and Housing Corporation (CMHC) released its second quarter 2014 Housing Market Outlook, Canada Edition, highlighting their forecasts for 2014 and 2015 housing starts, and MLS average prices and sales figures.The CMHC expects Canadian

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Should You Move to the 905? Image

Should You Move to the 905?

It seems unbelievable, but once again the prognosticators are saying the Toronto housing market isn’t cooling off anytime soon. The average price of a detached home in Toronto last month was more than $1 million, up 14.2% over last year; the Toronto Real

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Inventories High, Housing Starts Low Image

Inventories High, Housing Starts Low

The Canada Mortgage and Housing Corporation (CMHC) announced that national housing starts were trending at 189,837 units in August 2014, which is practically unchanged from July’s 189,596 starts.The trending figure is a six-month moving average of

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What can a middle-class home buyer afford across Canada? Image

What can a middle-class home buyer afford across Canada?

According to the latest data from the Canadian Real Estate Association, the average residential home will now set prospective home buyers back $525,000, though affordability challenges are much more acute in the nation’s priciest markets.

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Demand for New Homes on the Rise, Supply Declining Image

Demand for New Homes on the Rise, Supply Declining

The Building Industry and Land Development Association (BILD) just announced that the supply of new low-rise homes in the Greater Toronto Area (GTA) hit a record low in March 2015, causing average prices to rise dramatically.According to RealNet Canada,

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Prices and Sales Up for Q1-2014 GTA Resale Condo Market Image

Prices and Sales Up for Q1-2014 GTA Resale Condo Market

The Toronto Real Estate Board (TREB) just released its Q1-2014 resale condo market statistics for the Greater Toronto Area (GTA). To no surprise, sales and the average selling price of condo units increased compared to Q1-2013.GTA REALTORS reported 4,454

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Allegro by Geranium is Aurora’s latest luxury community Image

Allegro by Geranium is Aurora’s latest luxury community

Illustrations are artists’ conceptIf you’re in search of a true luxury home, then you’ll be excited to discover Allegro, a new home community in Aurora by Geranium. As the average price of a new detached home in the Greater Toronto Area (GTA) nears $2

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Canadian housing starts at highest level since 2007 Image

Canadian housing starts at highest level since 2007

The Canada Mortgage and Housing Corporation (CMHC) released its monthly housing starts data for March 2017, announcing that Canadian housing starts are at their highest level since 2007. The trend is a six month moving average of seasonally adjusted

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Bring on the Vertical Living Image

Bring on the Vertical Living

The Toronto condo market continues to defy conventional wisdom, with another record month. RealNet Canada says March was the city’s best-ever with 2,496 newly constructed units sales, more than double the same period last year. The 10-year average for

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