The province introduced plans this morning aimed at cooling Ontario's surging real estate and rental market, with the goal of making housing "fairer and more affordable." As disclosed by CBC News - 'We know we have a problem': Ontario lays out sweeping measures to curb high rents, home prices. Premier Kathleen Wynne, said it's hoped the 16 measures will curb housing costs that are rising "way faster than people's paycheques." "It's about helping people to be able to buy a home, to be able to rent a home or to stay in the rental home they're in," she said. The changes include: A 15 per ...
Province Update: Foreign Buyers Tax & Expanded Rent Control Coming to Ontario
April 20, 2017
April 20, 2017
119 Ronan Avenue Just Sold! This beautiful, detached home in wonderful Bedford Park – a friendly, family-oriented neighbourhood. Lovingly renovated and well maintained, 119 Ronan Avenue boasts many outstanding features, including: a main floor family room with a powder room; spacious, open-concept living room/dining room; gleaming hardwood floors throughout; and a deluxe master bedroom with his/hers closets and a three-piece ensuite. Enjoy delightful get-togethers with family and friends on the large back deck and private backyard. Minutes to leafy parks, the Lawrence subway, convenient downtown access (Bayview) and the best public and private schools. ...
Why Foreign Buyers Want To Get Into The Canadian Housing Market
April 17, 2017
Foreign Buyers continue to drive the Canadian Housing market and though many believe the cause of that is purely investment, its actually not. In fact most of foreign clients are coming to Toronto for educational and business opportunities, not just to park their money offshore. Below are the various reasons and statistics why foreign buyers want to come to Canada. "The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate listings website. Figures released Tuesday by the Chinese website Juwai.com in partnership with Sotheby's International Realty Canada found ...
Liberal Budget Plans For Housing Projects
March 23, 2017
Though there are many frustrated buyers out in the housing market continuously being pushed further away from homes in Toronto due to unaffordability, consider taking a look at the projected time line for the cities plans to make affordable housing projects more realistic in the article below brought to us by The Canadian Press Cities and affordable housing providers will find themselves with $11.2 billion more to spend on new and existing units over the coming decade, as part of the federal government's multi-pronged push to help people find homes. Of that money, which comes from the government's social infrastructure fund, $5 ...
Toronto Market Conditions: Further Rise In Home Prices
March 14, 2017
According to The Globe and Mail “The Greater Toronto Area is poised for another year of rising home prices as buyers compete amid a scarcity of listings. The price for all housing types sold in the GTA averaged a record $729,922 last year, up 17.3 per cent from 2015. It marks the 20th consecutive year that average house prices have gone up in Canada’s largest housing market. The average home price in the GTA has not fallen year over year since 1996, when it slipped to $198,150, a 2.4-per-cent drop from $203,028 in 1995, according to the Toronto Real Estate ...