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The data comes after the Ontario government introduced rules aimed at cooling Toronto's housing market.
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There is a need for more supply to satisfy this rapidly rising need for millennial housing, but the demographic logjam created by baby boomers is restricting millennial access to prime properties, keeping them under-housed, stuck living with a roommate or confined to their parents' basements.
We examined vacancy and rental rates (two-bedroom) from Canada Mortgage and Housing Corp., and validated these findings with the latest data on population, employment and wage growth. Our research was further guided by insight from investors and other experts.
The church is filled with hand-painted murals.
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If clowns scare you, don't click on this.
In a seller's market that is experiencing rampant demand and annual 33-per-cent appreciation, such arrangements are a great disservice to sellers, and can also present grave disclosure and negotiating risk to buyers. As a seller -- why limit the amount of potential buyer interest, and ultimately the profit, on your home sale?
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In late April, Ontario Premier Kathleen Wynne and Ontario Minister of Finance Charles Sousa announced a 16-point Fair Housing Plan to cool the red-hot housing markets in Toronto and southwestern Ontario. A foreign buyers tax, vacant homes tax, and expanded rent control were the most notable measures introduced.
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"It's a risk we've been highlighting."
The 47,000-square foot mansion is the stuff of movie fantasy.
Kathleen Wynne increases rebates on the land transfer tax, but raises it for homes above $2 million.
They say such a "knee-jerk reaction'' could have negative implications for the economy.
This is not your usual home listing video.
We're almost halfway across Canada in out 'Absurd Vancouver Properties' series. This week we're focused on three Toronto houses and what domestic perks they hold against f*%king ridiculously priced properties sprinkled throughout Vancouver.
Some real estate agents in Ontario say many Quebecers have been eager to leave the province since the Parti Québécois was elected in the last provincial election. Diane Chrétien, a real estate agent...