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]

GTA HOME SALES BREAK FEBRUARY RECORD As New Mortgage Regulations Take Effect Purchasing a home in Canada just got more expensive for certain buyers as new mortgage down payment rules came into effect halfway through February. However, a record number of homes still changed hands that month across the Greater Toronto Area. A total of 7,621 home sales were registered through the Toronto Real Estate Board's MLS System in February, a 21.1% increase over the same month in 2015,... [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]

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]