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.

Foreign ownership of condos down in big cities: CMHC
A report by CMHC says foreign ownership of condominiums in some of Canada’s largest cities has moved lower compared with last year. Foreign ownership was the highest in Vancouver and Toronto at 2.2 per cent and 2.3 per cent, respectively. However, that was down from 3.5 per cent in Vancouver and 3.3 per ...

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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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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 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 prices are ...

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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.

Why BC’s tax on foreign homebuyers may make Toronto’s market even hotter
Next month, foreign nationals and foreign corporations will be charged a 15 per cent property transfer tax on residential real estate purchases in Metro Vancouver, and this could drive Toronto home prices higher as these buyers turn to markets without such a levy, a new TD Bank report suggests.

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Real Estate in the News

Posted by:

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

TREB Monthly Resale Report June 2016
Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,794 residential transactions through TREB’s MLS® System in June 2016. This result was 7.5 per cent higher than the 11,905 sales reported in June 2015. In line with the prevailing trend so far this year, the number of new listings was down ...

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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.

Condo market joins in Toronto’s real estate boom
According to tallies recently reported by the market-research firm Urbanation, sales of new condo units surged 32 per cent in the first quarter of 2016 in the Greater Toronto Area compared with the same period last year. The 2016 tally came close to the first-quarter record set in 2012. Unsold inventory in new developments, ...

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Real Estate in the News

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Lower interest rates may be the new normal, Stephen Poloz says
Among the reasons, Poloz pointed to the more-pessimistic outlook for potential long-term global growth. The forecast was lowered to 3.2 per cent from four per cent, he said. “That downgrade means the neutral rate of interest will be lower for sure — for a very long time,” said Poloz, who added it could ...

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Real Estate in the News

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

Royal Richmond in Richmond Hill
World Class Realty Point Brokerage exclusive offering of 12 townhomes in this new Richmond Hill development on Saturday April 9, 2016

Canada Mortgage and Housing Corp Releases Condominium Owners Survey
The annual report, focused on the Vancouver and Toronto Census Metropolitan Areas (CMAs), includes survey insights on what motivates condo purchases, how long owners hold onto their units, ...

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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.

Realtors warn land transfer tax could double across Ontario
The Ontario Real Estate Association, in a release Tuesday, warned homebuyers that the province is moving ahead with a plan to allow all other municipalities to levy a land transfer tax.

Toronto experiencing a traditional fall market – with some unusual bumps
Houses are still ...

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