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Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA | Re/Max Community Realty Inc., Brokerage

Real Estate News / My Blog

Suite of housing measures cooling market largely as expected: Morneau

7/19/2017 | Posted in Real Estate News by Shan Thayaparan

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The federal finance minister says steps taken to tame Canada's hottest housing markets have already helped slow down a sector he believes was moving at an unsustainable ...

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Housing responsible for over 25% of Ontario's 2016 economic growth - report

7/7/2017 | Posted in Real Estate News by Shan Thayaparan

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Toronto’s thriving housing market is offsetting the significantly lower volume of business investment in Ontario this year, according to independent think-tank Fraser ...

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CREA Updates Resale Housing Market Forecast

6/15/2017 | Posted in Real Estate News by Shan Thayaparan

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The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate ...

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Canada housing starts jump to highest in almost a decade, beating expectations

4/10/2017 | Posted in Real Estate News by Shan Thayaparan

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The annual pace of housing starts increased more than expected in March and hit their highest level since September 2007. The Canada ...

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Ontario urging Ottawa to change tax rules in bid to curb real estate speculation

3/20/2017 | Posted in Real Estate News by Shan Thayaparan

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Ontario Finance Minister Charles Sousa is urging Ottawa to address speculative investing in the country's housing markets by changing how such profits are taxed.

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New home construction picks up, offering latest evidence of economic momentum

3/8/2017 | Posted in Real Estate News by Shan Thayaparan

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The pace of home construction in Canada picked up last month and a lot of the push came from Ontario, the federal housing agency said Wednesday, offering the latest evidence ...

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Canadian housing starts begin 2017 on a high, fuelled by Ontario

2/12/2017 | Posted in Real Estate News by Shan Thayaparan

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Canadian housing starts unexpectedly rose in January as Ontario saw a strong increase on ground breaking of new homes, suggesting home construction got off to a ...

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Foreign ownership of Canadian condos down from 2015: CMHC

12/7/2016 | Posted in Real Estate News by Shan Thayaparan

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Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to ...

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Leaving a home empty in Vancouver to cost at least $10,000

11/11/2016 | Posted in Real Estate News by Shan Thayaparan

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The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017.

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Pace of housing starts slips in October compared with September: CMHC

11/8/2016 | Posted in Real Estate News by Shan Thayaparan

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Canada Mortgage and Housing Corp. says the pace of housing starts in October slowed compared with September.

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These 5 housing markets are the ones to watch in 2017

11/1/2016 | Posted in Real Estate News by Shan Thayaparan

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Five housing markets have been identified as the ones to watch in the coming year but not all of them are listed for positive reasons.

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Countries with the highest house price growth

9/18/2016 | Posted in Real Estate News by Shan Thayaparan

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New research from property consultancy Frank Knight places Turkey atop its Global House Price Index, which tracks countries’ average house price growth. ...

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Vancouver passes the torch to Toronto

9/13/2016 | Posted in Real Estate News by Shan Thayaparan

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Toronto’s new home prices are currently outpacing Vancouver but don’t pin that on speculative investing, according to one leading economist.

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Statistics Canada releases new housing price index

9/8/2016 | Posted in Real Estate News by Shan Thayaparan

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Statistics Canada says its new housing price index rose 0.4 per cent in July compared with June.

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Canada house prices to rise sharply on cheap money, speculation: Reuters

8/31/2016 | Posted in Real Estate News by Shan Thayaparan

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The sharp acceleration in Canadian home prices shows no sign of abating this year, though economists expect the pace will be reined in by high household debt and a growing lack ...

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Toronto housing boom unsustainable, Bank of Canada says

6/10/2016 | Posted in Real Estate News by Shan Thayaparan

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The Bank of Canada is warning that the pace of house price increases in Vancouver and Toronto can't be sustained by economic ' fundamentals.'

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Housing starts, building permits decline

6/9/2016 | Posted in Real Estate News by Shan Thayaparan

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With supply issues pressuring prices in many housing markets, the number of new homes being built has declined according to two new data releases.

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Canadian home sales set record in April

5/16/2016 | Posted in Real Estate News by Shan Thayaparan

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in April 2016 rose to their highest level ever.

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Home Prices Up 0.8% in March: Teranet - National Bank

4/15/2016 | Posted in Real Estate News by Shan Thayaparan

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In March, the Teranet-National Bank National Composite House Price Index™ was up 0.8% from the previous month, the largest increase for a March since 2008. Though prices ...

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Working-age population drives price growth: National Bank

4/6/2016 | Posted in Real Estate News by Shan Thayaparan

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A National Bank official said that Canada’s pool of skilled young professionals is responsible for much of the demand in the country’s urban centres.

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