by The Baldwin England Team | Sep 29, 2023 | Market Updates
Market Insight for Sep 29 Soaring interest rates are inducing anxiety in nearly half of Canadian homeowners for whom mortgage renewal looms. Interest rates have risen from 0.25% to 5% in 18 months. Twenty percent of homeowners “worry all the time” about their ability...
by The Baldwin England Team | Sep 22, 2023 | Market Updates
Market Update for Sept 22 On a monthly basis, average home prices fell in six Canadian cities and increased in four urban markets in August, according to a new market survey by Ratehub.ca. “Mortgage rates continued to increase slightly from July to August 2023 with...
by The Baldwin England Team | Sep 8, 2023 | Market Updates
Market Insight for Sept 8 The City of Toronto will implement new Municipal Land Transfer Tax rates of up to 7.5% on high-value homes as it looks to potentially increase the Vacant Home Tax to 3%. On Wednesday, the City of Toronto approved an updated long-term...
by The Baldwin England Team | Sep 1, 2023 | Market Updates
Market Insight for Sept. 1 At just the moment when more housing is desperately needed, three dozen condo buildings, adding up to more than 8,000 units, have been delayed in the GTHA (Greater Toronto and Hamilton Area) — many in more affordable communities — due to...
by The Baldwin England Team | Aug 25, 2023 | Market Updates
Market Update for August 25 The Ontario government is postponing a provincewide property tax reassessment while it conducts a new review of the accuracy and fairness of the system. The deferral will give the government time to build a “more accurate and equitable...
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