March 3, 2017 The listing supply crunch we are experiencing in the GTA has undoubtedly led to the double digit home price increases we are now experiencing on a sustained basis, both in the low-rise and high-rise market segments. (Full Report)
January 26, 2017 -- "Gone are the days when we were concerned about a potential glut in inventory in the condominium apartment market. The supply concerns that have been top-ofmind for ground-oriented home types are also now a reality for the condo market segment. Regardless of the price measure considered, heightened competition between condo buyers has resulted in double-digit price inflation," said Mr. Cerqua. (Read full report)
Real estate has proven to be one of the best long term investments for your money. Your chances o...f making a substantial profit in real estate are excellent if you can afford buying a property now and are able to hold on to it for 5 to 10 years. The three main factors influencing your choice of real estate should be: location, location, location! With mortgage rates still on the low side, you are able to make a bigger investment in property while maintaining the same monthly payments.
On October 3, 2016, the Government of Canada announced new rules for government-backed mortgage loan... insurance. The new rules include the application of a mortgage rate stress test to all insured mortgages, and changes to low-ratio mortgage loan insurance eligibility requirements.
Are you ready for the CRA? How long do you own the property? How often do owners buy and... sell will determine if the property was meant to be flipped or kept and falls under the principal residence exemption. When you sell your home, you may realize a capital gain. If the property was your principal residence for every year you owned it, you do not have to report the sale on your income tax and benefit return.
Toronto StarSousa says Ottawa's help needed to cool real estate marketToronto StarAnd the historical record is that they do unwind, essentially without fail.” Asked Tuesday if he believed Toront...o was in a real estate bubble, Sousa chose his words carefully: “I don't want to speculate. I certainly don't want to create any more ...and more »
CBC.caGTA's hot housing market fuelled by strong economy, but Bank of Canada governor concerned about debtCBC.caEarlier this month, two of Canada's major banks warned that the rapid rise of ho...me prices in Toronto is "unsustainable" and is fuelling a bubble. 2 big banks raise alarm over Toronto housing 'bubble'. The Canadian Real Estate Association also said ...and more »
Times ColonistLandmark BC court ruling will shake real-estate industry, lawyers sayTimes ColonistA B.C. Supreme Court ruling will send shock waves through the arm of the Canadian real-estate market th...at is powered by foreign capital, say immigration lawyers. The ruling targets a weakness in Canadian laws that often leads foreign owners of real ...and more »
Times ColonistLandmark B.C. court ruling will shake real-estate industry, lawyers sayTimes ColonistA B.C. Supreme Court ruling will send shock waves through the arm of the Canadian real-estate market ...that is powered by foreign capital, say immigration ...and more »
The Globe and MailToronto realtors frustrated by the soaring housing marketThe Globe and MailEvery time real estate broker Chander Chaddah has to tell one of his clients they didn't get the house ...they bid on, “I'm the guy who's punching my client in the stomach,” he said. “Unless you're some kind of masochist, who enjoys doing that?” That's ...