Is it still a good time to buy in Toronto?
In my opinion, it’s still a good time to buy in Toronto. According to Swiss bank UBS, we’re on top of the world — but not in a good way. Unlike those “most livable cities” and “safest (or cleanest) big cities” surveys in which Torontonians often find
Report warns of housing bubble risk in Toronto
According to the UBS Global Real Estate Bubble Index 2017, Toronto is at the greatest risk of a housing bubble burst (out of 19 other urban centres around the world). The report was published last month.Toronto was followed by Stockholm, Munich,
The CREA lowers its national resale housing market forecast and it’s Ontario’s fault
The Canadian Real Estate Association (CREA) lowered its national resale housing market forecast for 2017 and 2018, and it’s all Ontario’s fault.The Fair Housing Plan was introduced by the Ontario government to reign in the super hot Greater Golden
Does Toronto need a vacant home tax?
The Toronto Real Estate Board (TREB) this week issued a statement “urging caution” on the issue of a possible vacant home tax in Toronto, saying that a “measured approach to the issue can help to avoid any unintended consequences on the housing market
GTA still on track for record year of new home sales
The Building Industry and Land Development Association (BILD) just released its new home sales report for August 2017, announcing a big drop in sales across the Greater Toronto Area (GTA).There were only 795 new home sales in the GTA in August, which is
Government seeks student innovation to ‘rethink’ affordable rental housing
The federal government just launched the Student Challenge for Affordable Rental Housing, a project that’s part of the Affordable Rental Innovation Fund. Any students registered at an accredited post-secondary education institution can participate in the
6 things you need to know about Toronto’s housing market
Ben Myers, Senior VP, Market Research & Analytics, Fortress Real Developments, recently released The Market Manuscript Fall 2017. With an extensive background as an analyst, consultant, mortgage agent, and builder, Myers provides an in depth look at
Mayor John Tory discusses a vacant property tax and other hot topics
Caught Mayor Tory’s Q&A on CP24 this week. The segment takes questions from residents about whatever is on their minds – it’s a good barometer for what people are thinking about, and at the top of the show, real estate came up.Are we doing enough to
Is the foreign buyers tax actually working?
The Ontario Ministry of Finance released new data, which they say is evidence that the non-resident speculation tax - or foreign buyers tax as most people refer to it - has been successful so far. According to the province, 3.2% of the 66,434 real
Toronto housing not a buyer’s market...yet
Now that the Greater Toronto Area’s (GTA) resale and new home markets are showing some signs of cooling, people are starting to wonder if it’s a buyer’s market, or whether it will be soon.First of all, why do people think the market is cooling? There are
