Toronto Real Estate

Ontario Real Estate Groups Oppose Taxing Foreign Homebuyers

CP | The Canadian Press | Posted 09.23.2016 | Canada Business

They say such a "knee-jerk reaction'' could have negative implications for the economy.

You'll Need To Earn This Much To Afford A House In Canada

Workopolis | Posted 09.23.2016 | Canada Business
Workopolis

From foreign buyers gobbling up properties sight unseen to young families trying to raise kids in condo towers, the Canadian housing market is a hot topic of discussion these days. But what do houses really cost these days?

Canada's Housing Market Crisis Is Your Fault

Ben Myers | Posted 09.22.2016 | Canada Business
Ben Myers

The first time I heard the line "you're not stuck in traffic, you are traffic" I immediately liked it. People tend to ignore their participation and impact on a situation and often believe things are happening to them, not because of them. I wanted to explore this concept as it applies to the Canadian real estate, specifically the Vancouver and Toronto metro area housing markets.

Ontario Could Tax Foreign Homebuyers Because 'Everyone Else Is'

The Huffington Post Canada | Jesse Ferreras | Posted 09.19.2016 | Canada Business

"[Ontario] doesn't have a choice."

Home Buyers Pay For Canada's Failure To Stem Foreign Tax Evasion

Stephen Punwasi | Posted 09.19.2016 | Canada Business
Stephen Punwasi

Tax evaders are using homes to bring money from high-tax jurisdictions into Canada. Since they can't just move fat wads of cash without attracting scrutiny, they've come up with several techniques. Using soft assets that don't have fixed trade values (like homes) is one of the easiest ways to do it.

Toronto Real Estate Keeps Soaring As Vancouver Simmers Down

The Huffington Post Canada | Jesse Ferreras | Posted 09.15.2016 | Canada Business

Vancouver gained. But the gains were lower.

Toronto Home Sales Soar In Wake Of B.C.'s Foreign Buyer Tax

CP | The Canadian Press | Posted 09.07.2016 | Canada Business

Prices up more than 17 per cent in a year.

Vancouver And Toronto Housing Markets Headed In Opposite Directions

CP | The Canadian Press | Posted 08.30.2016 | Canada Business

Vancouver softens and Toronto looks to maintain its momentum.

RBC Keeping A Close Eye On Housing In Vancouver, Toronto

CP | Alex Posadzki, The Canadian Press | Posted 08.24.2016 | Canada Business

"The short supply of single-family homes ... coupled with strong demand" is something to watch.

What You Need To Know To Successfully Flip A House

The Huffington Post Canada | Posted 08.30.2016 | Canada Business

"You have to be prepared to risk in order to have great reward."

Here's How Much Less Your Home Is Worth Without Parking

The Huffington Post Canada | Posted 08.21.2016 | Canada Business

"Parking is always an issue, especially if you're trying to sell a family home."

You're Making A Mistake If You Think Your Home Will Sell Itself

The Huffington Post Canada | Posted 08.18.2016 | Canada Business

There's a difference between selling and selling well.

Millennials, Don't Be Duped Into Thinking Property Equals Wealth

Garth Turner | Posted 08.16.2016 | Canada Business
Garth Turner

The fact Firecracker and Wanderer have eschewed real estate in favour of an early idleness, and are actually of Asian (!) heritage, has turned a lot of newsroom cranks. After saving madly, living on air and investing their 500 grand (with me), these guys ended up claiming to be the nation's youngest retired millionaires. My callers? Not so much. The liquid assets among 35-year-olds who have been working for seven or eight years is breathtaking. There aren't any. Instead, all the cash has gone into lifestyle, a soul-sucking condo or repaying student debt. The kids basically have no idea what an RRSP is, or an ETF, and equate a TFSA with a high-interest savings account at the bank.

Foreign Buyer Tax Will Make Government Rich, But Won't Fix Housing

Ike Awgu | Posted 08.11.2016 | Canada Business
Ike Awgu

The government of B.C.'s decision to impose a 15 per cent hike in Land Transfer Taxes for foreigners who buy real estate in metro Vancouver will do almost nothing to lower high housing prices. It will, however, generate even more money for a government that has already profited enormously from foreign nationals.

Canadians Have Named The Coolest Communities In The Country

YPNextHome | Posted 08.03.2016 | Canada Living
YPNextHome

Every city has its hotspot -- the coolest community, the hippest 'hood. It's the place where the stylemakers go, where the trendsetters do their thing. It's about knowing where to go, where to be seen.

Vancouver Real Estate Tax Could Make Toronto's Market Even Hotter

CP | Alexandra Posadzki | Posted 08.02.2016 | Canada Business

Vancouver's foreign homebuyers tax has given rise to concerns that it could exacerbate Toronto's housing market.

Detached Homes In Toronto Are About To Become Unattainable

TheRedPin | Posted 07.20.2016 | Canada Business
TheRedPin

With prices at record highs, several industry insiders are speculating detached homes will soon be unattainable, pushing would-be buyers further toward more affordable options. Namely stacked townhomes and condo apartments -- even in the suburbs.

‘Your Home Made More Than You Did Last Year'

The Huffington Post Canada | Daniel Tencer | Posted 07.15.2016 | Canada Business

But only if you live in one of the "hot" cities.

BMO Blames Vancouver, T.O. Home Prices Squarely On Foreign Cash

The Huffington Post Canada | Jesse Ferreras | Posted 07.15.2016 | Canada Business

But you'll hear a different theory if you ask someone else.

New City-Specific Housing Policies Could Hit Canada's Hottest Markets

YPNextHome | Posted 07.04.2016 | Canada Business
YPNextHome

When Canadians return from celebrating the Canada Day long weekend, they can expect early July to be hot with discussion of potential changes in mortgage regulations and housing policy. Again. Only this time, the changes could have some real teeth to them.

Canada Needs House Prices To Drop. Here's How To Make It Happen.

Daniel Tencer | Posted 06.30.2016 | Canada Business
Daniel Tencer

Affordability in Toronto is the worst since the 1990 housing bubble. In Vancouver, it just hit the worst level ever recorded anywhere in Canada. It's time to admit it's not enough to slow house prices -- they have to come down.

Toronto Has Never Had Fewer New Low-Rise Homes For Sale

The Huffington Post Canada | Jesse Ferreras | Posted 06.22.2016 | Canada Business

Gone are the days when you could find a bounty of them on the market.

Canada's Wild Child Real Estate Cities Will Settle Down: TD

The Huffington Post Canada | Jesse Ferreras | Posted 06.20.2016 | Canada Business

"The party will come to an end."

Affordable Homes Still Exist In So-Called 'Cost-Prohibitive' Cities

Steven Shehori | Posted 06.08.2016 | Canada Business
Steven Shehori

Housing and rental markets aren't quite as clear cut as we'd like to believe. Which means if you're looking to live in Vancouver, New York, Los Angeles or other so-called "cost-prohibitive locations," there may be more options than you realize.

Canada's Largest Real Estate Board Ordered To Stop With The Secrecy

CP | Aleksandra Sagan, The Canadian Press | Posted 06.03.2016 | Canada Business

Some say the ruling doesn't differ much from the status quo.