WHO'S TO BLAME FOR HIGH HOME PRICES? The Trudeau government is doin' alright, according to the Organization for Economic Co-operation and Development (OECD). Their decision and action to boost the economy through infrastructure spending is considered to be a wise call. But now the Liberals need to turn their attention to the elephant in the room: the residential housing market. At least, this is the nice, neat version of the most recent OECD report; a 160-page analysis of how... [read more]

WHY ANALYSTS SEE NO QUICK END TO THE HOUSING BOOMS In Toronto and Vancouver "Job creation has actually been quite strong in Toronto and Vancouver in recent quarters when compared to the national average," chief economist Stefane Marion said. "Large inflows of permanent immigrants (about 240,000 in the past year) coupled with the misfortune of commodity-producing regions have redirected inter and intra-provincial population migration flows towards Toronto and... [read more]

EXPECT TORONTO TO FOLLOW SUIT IF VANCOUVER'S 'VERY AGGRESSIVE' SPECULATION TAX ON PROPERTY SUCCEEDS Naomi Powell, National Post Image courtesty of: Google All eyes in Toronto will be on Vancouver after British Columbia introduced new tax measures designed to crack down on housing speculation and relieve a growing affordability crisis in the market.  In its first full budget, B.C.'s NDP government created a new annual tax on investors who own empty properties... [read more]

TORONTO IS NOW CANADA'S HOTTEST REAL ESTATE MARKET Toronto and Vancouver are two of Canada's biggest cities, and also the countries two hottest real estate markets. But according to an economist at TD Bank, the Toronto market is now out-scorching the Vancouver market. As TD Bank's Diana Petramala says in the Globe and Mail the average price of a home in Toronto is up 18% since last year and we hit record sales in August. "Toronto's appreciation in average home... [read more]