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.

‘Danger Report’: Real estate pros fret court could break lock on secret sales data
Ross Kay claims a real estate agent handing over a few sold listings to a client is not the same as making the information widely accessible online. “What that means is that every single personal detail in a home’s listing would be available to any major corporation or ...

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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.

Home Prices Up Over 50% In GTA’s Hottest Neighbourhoods
Rural Markham tops the list at 77%, the top 5 neighbourhoods have appreciated more than 50% year over year while the bottom five have appreciated in the 44-47% range. Five out of the top ten neighbourhoods are in Markham, four are in Toronto and one is in Oshawa.

Ontario gives rebates to ...

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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.

Gen X bigger purchaser of cottages than Baby Boomers: Royal LePage report
The typical cottage buyer is a couple with children, most likely in the Generation X demographic, which the report defines as those aged 36 to 51.

Good times for investors to continue
The Canadian economy has recovered somewhat from 2015, but not enough to warrant a hike to the ...

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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.

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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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.

CMHC releases Q2 housing market outlook
The average Canadian home price is expected to continue to increase in the next two years, meaning CMHC doesn’t expect any sort of wide-scale correction. “The average MLS® price is forecast to be between $474,200 and $495,800 in 2016 and between $479,300 and $501,100 in 2017. These levels are higher than the 2015 average price of ...

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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.

Two-thirds of millennials expect to afford a Toronto-area home, study suggests
About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the $350,000 national average.

Home sales break March record
“Greater Vancouver and ...

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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.

Average Canadian home now costs more than $500,000, CREA says
Monthly sales data from the Canadian Real Estate Association released Tuesday show the average price of a Canadian home was $503,057 in February. That’s an increase of more than 16 per cent from the same month a year ago.

Canada second only to France in taxing people who make $200,000 a year or ...

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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.

Five things to know about new mortgage rules that came into effect Monday
Homebuyers now have to put at least a down payment of 10 per cent on the portion of the price of a home over $500,000. For anyone buying a home for $700,000 — a common list price in Vancouver and Toronto — that means the minimum down payment will rise to ...

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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.

Why homebuyers need you more than ever
Survey results point to a large portion of the population who will benefit from the services of a licensed real estate agent, especially when it comes to trying to find a hidden gem in an expensive neighbourhood.

Privacy and Competition with the TREB Hearings: Opinion
This case is a mess. It comes down to government intervention ...

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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.

Toronto real estate board stifling innovation, competition, lawyer tells tribunal
This week the trial continued between the Competition Bureau and the Toronto Real Estate Board. John Rook, a lawyer representing the bureau, says the real estate board is standing between consumers and the data because it fears competition from online startups could spark a price ...

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