Canada’s housing market has been a hot topic of debate for years, and recently, the government’s decision to extend the foreign buyer ban through 2027 has sparked even more discussion. I want to share some insights on what this means for both Canadians and foreign investors.
The foreign buyer ban, which was initially introduced in 2022 and has been...
The dynamic landscape of Toronto’s real estate market has once again captured the attention of both investors and residents alike.
Just a few weeks ago, on January 18th, 2024, reports hinted at a stagnant market, with little anticipation of price hikes. Demand surged swiftly afterwards. Properties that languished for months suddenly found buyers. Mu...
As February is underway, the Toronto real estate market is undergoing some intriguing shifts. But amidst these changes, the question on many minds is: how are these dynamics impacting affordability? In this discussion, we explore the affordability landscape of 2023 and analyze the current state of affairs in Toronto’s real estate market, one month...
The Toronto real estate market has been a focal point of media attention following the release of market statistics for January 2024.
Key Highlights from January 2024
Price Adjustments: Compared to January 2023, which was notably one of the slowest months on record for Toronto real estate, prices in January 2024 decreased by about 1%. Active Listings...
Toronto is making headlines with its 2024 budget announcement. The budget has introduced significant changes in real estate taxation, which are expected to impact buyers, sellers, and tenants alike.
New Tax Measures and Their Implications
The city has rolled out FOUR new tax measures:
Vacancy Tax Increase: From 1% to 3%, this tax aims to address housi...
In the dynamic landscape of real estate and finance, staying informed about the latest developments is crucial for homeowners. Recently, a new Canadian Mortgage Charter has been announced, set to take effect with the release of the latest fall economic update. In this blog post, we will explore the key elements of this charter, breaking down its im...
