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Market Insight for June 7

Market Insight for June 7 May home sales continued at low levels, especially in comparison to last spring’s market activity. Home buyers are still waiting for relief on the mortgage rate front which they got this week when the Bank of Canada dropped interest rates 25...

Market Insight for May 31

Market Insight for May 31 City council voted 21-3 last week to officially allow developers to erect buildings of up to six storeys and 60 units on specific major roads without having to apply for rezoning applications or minor variance. Seeking those permissions added...

Market Insight for May 24

Market Insight for May 24 For those of you who read my Market Insight last Friday – “If a foreign landlord fails to pay taxes, the CRA can go after the tenant.” Things have changed. The story attracted a lot of attention when it was released by the media, so now we...

Market Insight for May 17

Market Insight for May 17 If a foreign landlord fails to pay taxes, the CRA can go after the tenant. And not knowing a landlord is a non-resident is not considered a valid excuse. Canadian renters are getting a rough introduction to the country’s foreign investor...

Market Insight for May 10

Market Insight for May 10 Toronto’s real estate market has been all over the place in recent months, with contradicting trends and forecasts leaving prospective buyers and sellers more confused than ever. Traditionally, May represents the peak of sales and...