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This week’s top real estate news in Ontario and how your real estate business could be affected.
Canadian housing market poised to break all-time annual sales record even as BC cools
Although RBC has just downwardly revised its resale housing market forecast, now calling for 531,600 units to change hands in 2016 (previously it expected 545,800 sales) that’s still enough to surpass the current banner year of 2007, when 519,800 units were sold.
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This week’s top real estate news in Ontario and how your real estate business could be affected.
Toronto mayor not in a hurry to decide about intervention in housing
Toronto’s mayor said that the city government in not in a rush to decide about intervention in the red-hot housing market’s situation. Also read “This is the main driver of Toronto and Vancouver home prices (and it’s not foreign investment)“.
Here’s where Toronto detached home ...
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This week’s top real estate news in Ontario and how your real estate business could be affected.
Canadians amass $200 billion in wealth from residential real estate in a single year
“Rising home prices have generated $200 billion in new household wealth over the past year alone,” writes Adrienne Warren, a Scotiabank senior economist, in the latest weekly Global Real Estate Trends report.
Toronto condo builders have taken conservative path to adding supply: CMHC
CMHC said ...
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This week’s top real estate news in Ontario and how your real estate business could be affected.
Average Canadian house price rose 13% to record $509,460 in May
The strong gains are largely tied to hot markets in Ontario and British Columbia, according to the numbers released Wednesday by the Canadian Real Estate Association. Stripping those two markets out of the calculations, the average price of a house sold in May declined 0.7 per cent in the past 12 ...
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This week’s top real estate news in Ontario and how your real estate business could be affected.
Energy Audits for New and Resale Homes in Ontario Are Coming!
7.1 Provide free energy audits for pre-sale homes
Energy audits would be required before a new or existing single-family home can be listed for sale, and the energy rating will be included in the real estate listing. These audits are intended to be provided free of charge under this plan. The ...
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This week’s top real estate news in Ontario and how your real estate business could be affected.
Ontario property values jump nearly 50% on Toronto’s surging market
Across Ontario, property values increased 18 per cent between 2012 and this year, or 4.5 per cent a year on average, according to the latest assessment data released by Municipal Property Assessment Corp., which conducts assessments on more than five million residential properties in the province once every four years. The values ...
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Luxury real estate sales rage on in Toronto
Toronto saw 500 properties worth north of $2 million sold between January 1 and March 31 of this year.
Competition Bureau wins case against TREB
It remains unclear what impact this will mean for homebuyers and, indeed, agents, as the Tribunal has not yet detailed how it will remedy TREB’s anti-competitive conduct. However, it may ...
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Join us at Realtor® Quest in Toronto on May 4th and 5th, the biggest Realtor® trade show and learning experience for Ontario Realtor®s.
Location:
Toronto Congress Centre, South Building
650 Dixon Road, Toronto, Ontario, M9W 1J1
Please stop by and let’s talk about how you can open your own real estate brokerage!
Mark McLean, President of the Toronto Real Estate Board, Invitation to Attend Video
Directions ...
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Zia Abbas and Amin Noorani discuss RED TAG tax filing items that may cause you to be audited by the CRA.
Featuring
Zia Abbas
Owner & President of Realty Point and Owner, President and Broke rof Record of World Class Realty Point Brokerage
Amin Noorani
CPA, ABN Professional Corp
