New single-family home sales in the Greater Toronto Area increase 147% Image

New single-family home sales in the Greater Toronto Area increase 147%

The Building Industry and Land Development Association released its monthly new home sales figures for February 2019, reporting a significant spike in new single-family home sales in the Greater Toronto Area. 

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Will Vancouver’s luxury home market bounce back this spring? Image

Will Vancouver’s luxury home market bounce back this spring?

Vancouver’s shift to a buyer’s market continued in both the condo and single-family markets. Buyers and sellers have stepped to the sidelines; buyers want to see if prices will keep dropping and sellers are hoping prices stabilize or go back up.

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Should there be a new top tier of Municipal Land Transfer Tax? Image

Should there be a new top tier of Municipal Land Transfer Tax?

At the end of last week, a proposal came to light regarding the creation of a new top tier of Municipal Land Transfer Tax in Toronto to fund the City’s Housing Allowance Program. 

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The Greater Toronto Area’s top-tier real estate market will be strong this spring Image

The Greater Toronto Area’s top-tier real estate market will be strong this spring

Sotheby’s International Realty Canada released its 2019 Spring Outlook Real Estate Report, predicting an active pace for the Greater Toronto Area’s top-tier real estate market. 

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National home sales fall to lowest level since November 2012 Image

National home sales fall to lowest level since November 2012

The Canadian Real Estate Association released its monthly national sales figures for February 2019, reporting a drop in activity. 

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Non-residents own more than 7% of condo units in Toronto Image

Non-residents own more than 7% of condo units in Toronto

The Canada Mortgage and Housing Corporation released its latest Housing Market Insight report, highlighting some new data gathered on non-resident homeownership in British Columbia, Ontario, and Nova Scotia. 

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Don’t expect to see a spike in detached home construction this year Image

Don’t expect to see a spike in detached home construction this year

The Canada Mortgage and Housing Corporation released its monthly housing starts report for February 2019, reporting a drop in new home construction. 

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Rezoning for transit oriented development is the key to new housing supply Image

Rezoning for transit oriented development is the key to new housing supply

According to a new report from the Centre for Urban Research and Land Development, there’s plenty of space for new transit oriented development, but outdated city bylaws are preventing new housing from being built. 

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If Toronto property taxes spike should the municipal land transfer tax be eliminated? Image

If Toronto property taxes spike should the municipal land transfer tax be eliminated?

Ever since a new report came out about how there’s room to increase Toronto’s residential property taxes, I’ve seen a lot of different opinions surface. Here’s what I think...

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Greater Toronto Area home sales drop as prices continue to rise Image

Greater Toronto Area home sales drop as prices continue to rise

The Toronto Real Estate Board released its monthly resale housing market results for February 2019, reporting a drop in sales and a need to revise the mortgage stress test. 

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