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Canada creating a Real Estate Task Force to ensure tax-compliance
According to the government of Canada and the Canada Revenue Agency, tax non-compliance and money laundering can be a significant factor causing the rising cost of housing in the country’s hottest markets.
The mortgage stress test is flawed because it doesn't consider income growth
There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?
New mural unveiled at Grid Condos in Toronto
There are so many ways for a city to embrace and support public art, and we love it when the members of the new home industry go that extra mile to create something beautiful for the community in which they’re building.
Condos and casinos nixed for Ontario Place redevelopment
Earlier this year, you had an opportunity to share your ideas for the Ontario Place redevelopment. Now, the provincial government is seeking proposals and concepts from around the world.
It will soon be easier to figure out how much your neighbour paid for their home
Less than a year ago, the Supreme Court rejected the Toronto Real Estate Board’s appeal to prevent brokerages and real estate agents from publishing sold data online. Now a whole crop of “proptech” companies have launched.
Homebuyers stepping off the sidelines as market confidence grows
I was reviewing the recent new home market figures released by Altus Group and the Building Industry and Land Development Association, and I believe the Greater Toronto Area is almost on the right track.
Park Vista in Whitby sells out in just one day!
April 2019 proved to be a busy month for the new home market, and based on the success that Fieldgate Homes and Paradise Developments saw at Park Vista in Whitby last weekend, it seems like May has been strong, too.
New home sales in the Greater Toronto Area soar 123%
According to Altus Group, the Building Industry and Land Development Association’s trusted source for new home market intelligence, there were 3,853 new home sales in the Greater Toronto Area in April 2019, which is a 123% year-over-year increase.
CMHC president defends the mortgage stress test
Is it true that the mortgage stress test doesn’t really have unintended consequences? That’s what Evan Siddall, the president and CEO of Canada Mortgage and Housing Corporation, believes.
First all-female real estate development team making history in Toronto
It’s no secret that the new home industry is a male-dominated one. From builders and developers to architects and engineers, the “biggest names” are men. Just flipping through our own contact list, it’s obvious that men outnumber women in real estate.