4 industry experts nervous about Ontario’s foreign buyers tax
One of the cooling measures proposed by the Ontario government was a 15% foreign buyers tax, and we’re not sure how feel about it. Upon passing, the tax is retroactively effective as of April 21, 2017. In Vancouver, sales dropped significantly as soon
Foreign buyer share remains low and stable in Toronto
According to the Canada Mortgage and Housing Corporation (CMHC), based on data released by Statistics Canada, foreign homeownership (or non-residents ownership) in Canada remained low and stable in 2017. 17 Canadian Census Metropolitan
Townhomes continue to be the affordable option for low-rise buyers
The demand for new low-rise homes is almost out of control as inventory levels have fallen to record lows. According to RealNet Canada, there’s only about three months of inventory available across the Greater Toronto Area, based on 2015 sales trends.
Foreign buyer activity on the rise in Montreal
Before the foreign buyer tax was even implemented in Ontario, some overseas investors started looking elsewhere for good opportunities. According to the Canada Mortgage and Housing Corporation (CMHC), Montreal is showing signs of being the next hot spot
More transparent bidding wars may benefit buyers and sellers
Bidding wars can make the resale housing market a scary place. But the only reason a bidding war can be scary is because you have to go into it blind. That may change soon.
Buyers Will Love These Amenities
This fall, purchasers at Gemterra Development Corporation’s LOVE CONDOS will have a lot to look forward to – a convenient Scarborough location, well-designed suites priced from $189,900, and amenities that will make life here fabulously fun.
Capital gains tax hike or foreign buyer tax?
What device would be better for cooling the hot housing market? A capital gains tax hike or a foreign buyer tax? One thing that’s not up for debate is that buying a home in the GTA and in surrounding areas has become difficult for many home hunters.
High Pointe Meadows is perfect for move-up buyers and baby boomers
On the hunt for a new detached home but Greater Toronto Area prices got you down? Then you should check out High Pointe Meadows in Fort Erie by Marina Homes!
Top 5 real estate policies that will impact Ontario buyers in 2018
There were some game-changing moves made last year that will surely impact Ontario homebuyers in 2018. Here are five that you should know about: Principal home sales must now be reported to the CRA A capital gains tax rule
Tarion makes moves to better inform and educate condo buyers
New pre-construction condo developments in Ontario will soon require an extra information sheet in the Agreement of Purchase & Sale thanks to a new mandate by Tarion Warranty Corporation.
