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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 [...]

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 [...]

Don’t sell your house!

Downsizers cash in – driving the upscale condo market The recent surge in house prices and unexpected gains in home equity are giving baby boomers in some urban areas of Canada the advantage, allowing them to upgrade their lifestyles, instead of making do with less. I want to read the full article. BMO declares Toronto [...]

$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 [...]

Trump threatens the Toronto condo market?

‘Trump risk’ hangs over Canadian real estate market The new U.S. administration’s impact on the outlook for the Canadian economy is mixed: Alberta could receive a boost from Mr. Trump’s stance in favour of pipelines, Mr. Mendes notes, but his protectionist impulses could put this country at a disadvantage. I want to read the full [...]

Condo inventory declined by 56%!

How a foreign-buyer tax could make it even harder to find that elusive Toronto rental Low vacancies are already fueling bidding wars over Toronto apartments, and a foreign-buyer tax could make rentals in the city even scarcer — and pricier. Shaun Hildebrand, vice president of Toronto-based condo analytics firm Urbanation, recently described how on BuzzTV. [...]

Andrew la Fleur featured on BNN

BNN reporter Jameson Berkow looks at the growing demand for micro condos with Andrew La Fleur, founder of Truecondos.com

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