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It’s no secret that Toronto’s real estate market is rising at an alarming rate. Just in the month of March, it was announced that the average home price increased by 33.4 per cent, year-over-year. The average price for a detached home in Toronto currently sits at $1.21 million. In response, Toronto Mayor John Tory, Federal … Continue reading »
In an effort to find new revenue streams, the City of Toronto is looking at raising the rate of its Municipal Land Transfer Tax (MLTT) on home sales. The proposed hike would add an additional $750 in closing costs to the average home, and would add an estimated $100 million… Continue reading »
It’s been one year since MoneyWise writer Sean Cooper reached his goal of being mortgage-free by the age of 30. How did he do it? Read on for his secrets and what he would do differently next time. Continue reading »
Everyday there’s another news headline about just how hot Toronto’s housing market is, but should you really believe everything you hear? Here’s why you should read between the lines. Continue reading »
What is the true extent of foreign real estate ownership in Canada? The CMHC is attempting to find out, as both house and condo prices skyrocket. Continue reading »
The latest Royal LePage House Price Survey finds average Canadian home prices are up 7.9%, with Toronto and Vancouver markets leading most of the growth. Read on for our regional breakdown. Continue reading »
The Canadian federal government wants to take a closer look at the extent of foreign ownership of real estate across the nation – but critics are saying their efforts won’t go far enough. There has long been a glaring lack of data on who’s buying real estate in Canada. During the federal election campaign last autumn some politicians promised … Continue reading »
CREA has hiked their housing market forecast for this year and next as high demand persists despite rising prices. How affordable is the housing market in your region? Read on for our breakdown. Continue reading »
The Ontario province has announced that inclusionary housing is coming to the province, meaning cities will have the power to mandate minimum low-income housing be included in all new developments. How will this affect the market? Read on for our breakdown. Continue reading »
A recent report finds the CMHC has taken efforts to further crack down on foreign investment in Canada. Will this provide clarity for nation’s too-hot-to-handle housing market? Read on for our breakdown. Continue reading »