Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

‘Impossible to say’ what outcome of new housing rules will be: Morneau
Finance Minister Bill Morneau says it’s “impossible to say with absolute clarity” what the impacts of new mortgage rules introduced by Ottawa earlier this month will be.

A foreign buyers tax for Toronto? Three-in-four in the GTA would support following Vancouver’s lead
While support for a GTA tax is ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

The GTA-wide average price for a detached home has surpassed $1 million
Looking at September resale transactions across both the GTA’s outlying 905 region and its central 416 area, which includes downtown, the average price of a standalone home reached $1,013,788, according to the Toronto Real Estate Board’s latest Market Watch report. That works out to an increase of 23.6 per cent ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Canadians are actually to blame for housing crisis – developer official
“Have you voiced your displeasure with the greenbelt, restrictive municipal planning policies, NIMBYs? All of these factors result in high land costs and a lack of affordability,” Ben Myers wrote scathingly. “My industry can’t build you your dream house in the suburbs for a reasonable price if the price of land ...

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Cosmos 3

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Liberty Development’s Shawn Richardson Talks with Zia Abbas About Cosmos 3

Zia Abbas, owner of Realty Point, introduces Cosmos 3 along with Shawn Richardson, Director of Sales and Marketing of Liberty Development, as it comes to market. Learn more about Liberty Development and the Cosmos master planned community in downtown Vaughan, at Jane Street and Highway 7.

Zia Abbas, President and Owner of Realty Point, interviews the leading builders and ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Tax on foreign homebuyers would be ‘horrible,’ Toronto real estate lawyer warns
A Toronto real estate lawyer warns introducing a tax on foreign homebuyers would be devastating for the Toronto housing market. His warning came Tuesday after a prominent economist said it was only a matter of time before the surcharge would come into effect in the Greater Toronto Area. “So much ...

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Realty Point Exclusive Agents For Grand River Woods Townhomes in Cambridge

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Zia Abbas, President and owner of Realty Point, is proud to announce that Realty Point has been selected to be the exclusive sales agents for the upcoming Grand River Woods Townhomes in Cambridge.

Updated: September 19, 2016

Realty Point brokerage franchises sold out the Grand River Woods Townhomes in 2 days during the exclusive sale event. A total of 119 townhomes were sold to buyers and investors seeking affordable homes outside of the Greater Toronto Area.

Watch the CTV ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Toronto leads Vancouver in luxury home market
Sales of $1-million-plus Toronto-area single-family homes rose 83 per cent year over year in July and August. That’s 3,026 homes, with 55 per cent of them inside Toronto’s borders. Meanwhile, Vancouver saw a decline of 30 per cent in July and 65 per cent in August, for a total of 288 sales of $1-million-plus homes.

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

TREB Market Watch August 2016 (PDF)
The MLS® Home Price Index (HPI) Composite Benchmark for August 2016 was up by 17.2 per
cent on a year-over-year basis. Similarly, the average selling price for all home types combined
was up by 17.7 per cent on an annual basis to $710,410. Both the MLS® HPI benchmarks and
average prices for low-rise home types were ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Toronto sales to pick up in Q3 – report
The Trimart report stated that a rush of new sales will mark the end of Q3 2016, taking into account the over 30 new openings and releases planned across the city for the fall season.

Agent: Expect further mortgage tightening
“We expect some more changes like the CMHC changes. [Possibly] eliminating 5% ...

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Real Estate in the News

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This week’s top real estate news in Ontario and how your real estate business could be affected.

Judge cites privacy in issuing stay order of TREB decision
Justice Mary J.L. Gleason issued a stay of the order of the Competition Tribunal, pending the disposition of TREB’s appeal of the order, on Aug. 12. “When analysing the privacy issue, the tribunal focused largely on whether TREB’s motivation for raising property owners’ privacy rights stemmed from a legitimate concern about those ...

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