‘2018 will be the year of data misinterpretation’: Ben Myers
To get a clearer picture of what 2018 holds for the Greater Toronto Area’s (GTA) housing market, we chatted with Ben Myers, President of Bullpen Research & Consulting Inc. Myers has more than 15 years of real estate research
Resale condo market had the strongest price growth last year
The Toronto Real Estate Board (TREB) released its resale housing market data for 2017, announcing a drop in sales and an increase in average prices. There were 92,394 sales in the Greater Toronto Area (GTA) reported through the MLS system.
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
How will the minimum wage increase affect the housing industry?
It is now illegal to make under $14 an hour in Ontario. While students and employees in entry level positions are eager to get back to work after the holidays, some business owners are nervous about the year ahead. On January 1, 2019, the minimum
New condo price hits record high
The Building Industry and Land Development Association (BILD) just released its new home sales data for November 2017, announcing a dip in sales and an increase in average prices. According to Altus Group, BILD’s trusted source for new home
2017: The year of the condo
We think it’s pretty safe to declare 2017 the year of the condo, in the Greater Toronto Area (GTA) at least. We saw record high prices, sales, and construction this year, and it’s been a wild ride. But can it last? There are no signs
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
Expect home sales to drop off in early 2018
The Canadian Real Estate Association (CREA) released its monthly home sales data for November 2017, and they also updated their resale housing market forecast. From October to November, national home sales jumped 3.9%, an unusual
Local Planning Appeal Tribunal replacing the OMB
The province of Ontario just passed legislation that should give communities a stronger voice when it comes to development and the future of their neighbourhoods. The Build Better Communities and Conserving Watersheds Act, 2017, will replace the
Thinking of putting your secondary suite on Airbnb? Think again!
Toronto city council voted last week to regulate short-term rentals in the city, making it harder for Airbnb listers to make a few bucks on vacation rentals. The new regulations will let homeowners rent only their principal residence; rentals of entire
