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Ontario Real Estate News / My Blog

Toronto casts shadow over nation's home sales, but realtors see signs market bottoming out

8/16/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Home sales in the Greater Golden Horseshoe just saw the smallest decline since Ontario’s housing clampdown, suggesting the market may be stabilizing.

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Ontario begins rolling out new condo-board regulations

8/1/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Names of Ontario condominium directors will be listed in a public database under new regulations unveiled this month, as the province begins to implement a new law to protect ...

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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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Ontario government considers review of preferential condo sales

6/28/2017 | Posted in Ontario News by Shan Thayaparan

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The Ontario government is considering a review of preferential sales practices for pre-construction condos as part of its wide-ranging reforms of the housing market.

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Ontario could ban real estate agents from representing both sellers and buyers together

6/28/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Ontario is proposing banning the practice of double ending, in which a real estate agent represents both a buyer and a seller in a transaction.

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Ontario new housing rules take a bite out of new construction numbers for country

6/9/2017 | Posted in Real Estate Market by Shan Thayaparan

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Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ...

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Toronto home sales drop most since recession as new rules put brakes on market

6/6/2017 | Posted in GTA Real Estate by Shan Thayaparan

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Sales of existing homes across the Greater Toronto Area dropped a whopping 20.3 per cent in May from a year ago, while the average home price in the region fell about six per ...

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Top Places In Ontario To Invest In Real Estate

6/4/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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In the inaugural issue of Canadian Property Investor, the publication identified the Top 50 Places to Invest in Canada. Now it's time to dig a little deeper -- to ...

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Real estate not only more expensive, but also more complex

6/3/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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The only thing increasing faster than GTA home prices is the complexity of the market. Lesser-known but very important changes are already underway that will significantly ...

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Ontario regaining status as economic engine for Canada

5/29/2017 | Posted in Ontario News by Shan Thayaparan

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Canada's big banks are forecasting that Ontario will lead the country in economic growth this year or be within a hair of the top of the pack. Unemployment ...

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Ontario to tax foreign buyers, expand rent control

4/20/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Ontario plans to help cool a hot housing market by bringing in a 15-per-cent foreign buyer tax, expanding rent control, allowing Toronto to impose a tax on vacant homes and ...

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No measures that could boost demand for housing in Toronto: Morneau

4/19/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Three levels of government facing a red-hot housing market in the Greater Toronto Area agreed Tuesday not to introduce any measures that would further boost demand and drive ...

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Ontario considers housing tax for non-resident speculators

4/18/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Seeking to tame a roaring housing market in greater Toronto, the Ontario government is considering a speculation tax on home purchases by non-residents according to the The ...

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Cool Toronto's market by cutting tax - not raising it

4/12/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether?

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Sousa promises measures to cool Ontario's overheated housing market

3/28/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable.

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Ontario puts foreign buyers' tax back on the table as hot housing market raises alarms

3/10/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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A foreign buyers’ tax is back on the table in Ontario, with the finance minister saying it’s one possible option he’s looking at to cool the housing ...

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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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Prices soar 30 per cent in this Ontario market

3/6/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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The continued boom in the housing market in the Greater Toronto Area continues to push other Ontario markets higher.

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GO expansion could boost GTA property values

2/9/2017 | Posted in GTA Real Estate by Shan Thayaparan

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A study commissioned by the Toronto Real Estate Board considered the impact of GO’s Regional Express Rail expansion on Toronto region housing prices and ...

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Housing strength now concentrated in Ontario, data suggest

1/17/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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As Vancouver smarted from its greatest 3-month decline in home prices since 2012, latest housing data suggested that Ontario is now the main contributor of strength and ...

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More Torontonians want hard-to-find detached homes: Study

12/28/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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A study by the Ontario Real Estate Association finds more Torontonians are eyeing detached homes, even though those properties are the hardest to find. 

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Lend first-time buyers cash to buy houses, Ontario realtor chief says

12/24/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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The head of a realtor group in Canada’s largest province said he’d support a program that would lend first-time buyers cash to buy houses and get them out of their ...

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A year in review of the market from November 2015 to November 2016: OREA

12/15/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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The Ontario real estate market remained strong in 2016, set new sales records, and continued to be a seller's market. Ontario residential unit sales in November numbered ...

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Ontario cities surge ahead as the country's leading seller's markets

11/25/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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Ontario played host to the 10 most vibrant seller’s markets in the country last month, according to fresh data from the Canadian Real Estate Association (CREA).

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Ontario's home costs growing by approximately $2K every few days

11/23/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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Over the past year, the average price of homes in Ontario has swelled by more than $88,000, translating to a growth rate of around $2,000 every 8 or 9 days.

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Ontario helping first-time homebuyers

11/14/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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Ontario is doubling the rebate on the land-transfer tax for first-time homebuyers to $4,000, but is increasing the same tax on homes that sell for over $2 million.

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Toronto Million-Dollar Homes Pushing Demand to Nearby Cities

11/10/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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Toronto’s hot housing market is driving residents to seek more affordable options outside Canada’s largest city, pushing demand for new properties to new highs in ...

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Ontario will outline plans next week to deal with rising home prices

11/9/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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Ontario will take steps next week to deal with rising house prices, but it will not follow British Columbia's lead and impose a tax on foreign buyers.

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Ontario will not follow B.C.'s tax on foreign homebuyers

10/25/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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Ontario Premier Kathleen Wynne said on Monday that the province will not follow British Columbia’s move to introduce a tax on foreign homebuyers.

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Another reason foreign tax is not the answer in GTA

10/11/2016 | Posted in GTA Real Estate by Shan Thayaparan

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While the debate continues on whether Ontario should follow BC with a tax on foreign ownership of homes in the GTA, a report highlights another issue which is driving up home ...

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