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.

NIMBYs Should Say ‘Yes’ To Development In Their Backyard
Here are five reasons why NIMBYism is bad for business, your own property investments and the local economy as a whole.

Suburbs on Track: Touring Transit-Oriented GTHA Development
Throughout the next 15 years, the province of Ontario will invest more than $32 billion into building light rail transit (LRT), subways, regional transit, ...

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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.

Foreign investors home in on Toronto real estate after BC’s tax measure, chart suggests
Record 2016 immigration and a growing first-time homebuyer population, which is the 25-to-34-year-old demographic, are supporting Toronto’s housing market, says Petramala – but there may be something else at play. “The sales-to-population ratio in Toronto has risen sharply recently, suggesting that foreign investment and speculation are playing a ...

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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.

Court decision expands risks of disclosure with seller property information statement
A SPIS is a standard form document that was drafted by the Ontario Real Estate Association. It will contain information relating to defects, renovations and other pertinent property information based on the seller’s knowledge and experience. A vendor is not obligated to complete a SPIS and if the vendor elects to do so ...

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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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Real Estate in the News

Posted by:

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.

GTA Realtors® Release Resale Condominium Market Figures
Strong year-over-year growth in condominium apartment sales reported through TREB’s MLS® System in the third quarter of 2015. Sales were up by close to 11 per cent to 6,586 compared to Q3 2014. New listings entered into the System during the quarter and active listings at ...

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