Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Toronto’s residential land prices reach new highs: ‘More condominiums coming’
Residential land prices increase with the emphasis on higher-density condo projects coming to market.

5 reasons why the market meltdown matters to all Canadians
The recent pull-back of stock markets around the globe could signify any number of future trends. here’s a primer on ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Economists welcome Harper promise to collect foreign real estate investment data
A better understanding of international investors and where they are buying in Canada is called “very positive” but no one is uncertain what the data will be used for, if ownership rules will be brought in place. Also read “Foreign buyers snatch ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

Stephen Harper pledges higher RRSP withdrawal limit for 1st time homebuyers
Increasing the upper limit to the Home Buyer’s Plan is a great idea, allowing more Canadians to purchase their first home. Also read “Harper pledges to track foreign property ownership“.

What the Current Canadian and U.S. Employment Trends Mean for Our ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Stay up-to-date with all real estate news updated continually on our Facebook page.

TREB: A message from the new president
Mark McLean introduces himself as the new Toronto Real Estate Board president in this open letter

Don Pittis: Canadian economy needs to get out of election mode
A downturn in the economy may change the way the current government handles the finances of the country in order ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Housing affordability declines in Toronto, Vancouver in Q1: report
Rapid price growth in Toronto and Vancouver continues to affect the affordability of housing in those two markets, a recent report by RBC Economics states. The bank also predicts that interest rate hikes by the Bank of Canada will are likely to continue to erode housing affordability next year.

Vancouver inventory squeeze finds buyers panicked, sellers anxious
Vancouver is ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Risks To Canada’s Economy Are On The Rise, Bank Of Canada Warns
House price growth continues to outpace income growth and that could be the fuse that leads to a house pricing correction says the Bank of Canada, but we are on a better economic footing to absorb economic shocks. Also read “Should Stephen Poloz be more worried about the Canadian economy?

Toronto condo construction ...

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Real Estate in the News

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Real estate news stories that we’ve been following this week.

Bank of Canada stands pat, keeps interest rate at 0.75%
Interest rates remain at 0.75% with a possible change based on the loonie’s performance in the coming months.

Vancouver real estate prices pushing millennials to leave city: report
With ever rising home prices will we see vancouverites fleeing their fair city? And is Toronto also seeing this race to the suburbs? Also read “In Toronto, it’s ...

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Real Estate in the News

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Our weekly wrapup of the important real estate news stories we’re following.

Unsold condos pile up in Toronto, hit 21-year high – globalnews.ca
With a record number of condominiums completed by builders last month the number of unsold units hit a 21 year record high in Toronto.

Oil price crash raises risk of Canada housing market correction: Reuters poll – ca.reuters.com
A majority of forecasters polled agree that the chances of a sharp fall in house ...

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Tax Fairness For Realtors

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On February 26, 2015, the legislative bill 69 “Tax Fairness for Realtors Act, 2015” to amend the Real Estate and Business Brokers Act 2002 (REBBA 2002) was introduced by Todd Smith, MPP (Prince Edward-Hastings) and Mike Colle, MPP (Eglinton-Lawrence).

In essence, the bill proposes that brokers and salespersons that are registered by the Real Estate Council of Ontario (RECO) can incorporate their business activities in a way similar to (but not identical to) other professionals in Ontario.

Changes to REBBA 2002 intended ...

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Real Estate in the News

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Our weekly wrap-up of the real estate news stories that are important to you.

When are my taxes due? – remonline.com
Tax season has started. Do you know the tax filing due dates as a self-employed real estate professional?

Why the Bank of Canada rate cut may not bring down mortgage costs – theglobeandmail.com
The sudden and unexpected rate cut this week by the Bank of Canada may not translate to lower mortgage costs. We ...

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