On April 20th, the Ontario government introduced new legislation in an effort to ensure that the red-hot housing market isn’t being further fuelled by speculators, non-residents and questionable real estate transaction practices. In addition to the new real estate rules, legislation was also introduced to extend rent controls, standardize rental leases and stimulate the construction…
In a recent post, we looked at the challenges that millennials face to buy a home in the hot Toronto and GTA real estate market; challenges that their parents didn’t have, including record-high student debt and the availability of fewer full-time jobs. But we also discovered that millennials enjoy a couple advantages in the real…
First, let’s just take care of the usual stuff. The Toronto Real Estate Board (TREB) reported yet another month of soaring real estate figures in March. Compared to a year ago, both housing prices and numbers of housing units sold increased significantly across the GTA. The average price for existing homes of all types increased…
The arrival of spring brings more than warmer temperatures and budding flowers. May and June are typically the busiest months for residential real estate transactions, and the action begins to heat up in March and April. If you are planning to buy a home for the first time this year, you shouldn’t let the busy…
If real estate market ‘gurus’, experts and journalists don’t have anything to say, then what makes them an authority on the subject? That’s why most of them make sure they have lots to say on just about every real estate topic. And there’s been no hotter subject in real estate over the past few years…
If the headlines are to be believed, the GTA will be abandoned by millennials before long if residential real estate doesn’t become more affordable. Millennials are generally considered to be those people born between 1980 and 2000 (though you can find lots of variations on the exact dates). With the eldest of them in their…