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Toronto real estate market finally starting to slow down?

New Listings Surge 62% as Toronto Home Owners Cash in on Hot Real Estate Market The first week of April saw the number of new listings of freehold houses (detached, semi-detached and townhouses) surge 62% over last year as home owners appear to be cashing in on Toronto’s red hot real estate market. A total [...]

Condo market stronger than ever so why do these myths still persist?

The condo market is stronger and hotter than ever before. Condos are the future. Condos are the only affordable housing option that exists in the GTA. Our market is strong, our buildings are full, and supply can’t keep up with demand. And yet many people still hold on to ridiculous beliefs that are simply not [...]

65,000 vacant homes in Toronto: Do we have a problem?

Province stripping Tarion of builder-regulator role Citing ‘conflict of interest’ concerns, the Ontario government will create a standalone home builder regulator separate from the warranty provider. I want to read the full article. Toronto, province eye vacancy tax on unoccupied homes and rentals An empty residence tax might curb property speculation and open up some [...]

Why a foreign buyer tax in Toronto is a bad idea

Why Toronto Absolutely Does Not Need a Foreign Buyers Tax Many “real estate experts” have weighed in on Toronto’s rising real estate market recently. Many are calling our market a bubble, some are calling for an investor tax similar to the one recently imposed in Vancouver. I have eaten, drank, and slept the Toronto real estate [...]

Toronto real estate so good that it’s bad

In this podcast version of the condo market news this week Andrew la Fleur talks about how Toronto’s real estate market is so good, it’s bad. Also, what is the one unique factor that no economist seems to be putting in their analysis of Toronto’s real estate market? Finally, have the new mortgage rules that [...]

Why condos are the new Canadian dream

Desperation Sets in for House Hunters in Toronto’s Red-Hot Market Dana Kayali is preparing for battle. Clutching a stack of home ads, the pension fund manager and her fiancee brave a swarm of about 30 people on a recent Saturday and step into the first of four open houses of the day. They’re all searching [...]

Is renting really cheaper than owning?

Market Watch Feb 2017 Stats Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. I want to read the full article. Sticker shock sets in Thirtysomething buyers confronted with $1-million entry-level homes are left in the lurch I want to [...]

How NOT to increase your rent by $1000 per month

No fixed address: How I became a 32-year-old couch surfer Shannon Martin's rent shot up nearly $1K a month, now she bounces around between family, friends I want to read the full article. Toronto’s housing market may need a Vancouver-style cooling: RBC Toronto may need to consider Vancouver-style measures to address a “dangerous mix” of [...]

Is Toronto in a Housing Bubble?

This week Doug Porter of BMO made headlines across the country when he said that Toronto was in a housing bubble, even going so far as comparing the current market to the late 1980s. There is no denying that the market is hot, but are we really in a “bubble”? And more importantly what do [...]

$1M for a tear down in Greek town?

Demand for downtown Toronto condos heats up For people vying to get into Toronto’s real estate market in January, it seems that patiently waiting for the quintessential three-bedroom house was not part of the plan. I want to read the full article. 13 charts to help you make sense of Canadian real estate craziness in [...]

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