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 have some welcome good news....

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 problem. The Canada Revenue...

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 prices in the Toronto-area real...

The first quarter of 2024 brought some relief for renters in the Greater Toronto Hamilton area (GTHA) with condo rents down 7.4% in the first quarter of the year. According to new data from research firm Urbanation, condo rents in the GTHA slipped down to an average...

New condo sales in the Toronto region have dropped to their lowest level since the 2009 financial crisis, with investors hesitating because of the lofty prices and higher borrowing costs. A Monday news release from the market research firm Urbanation has counted 60...

Middle-class Canadians may still feel the impact of the federal budget’s increase to capital gains taxes, even though the government claims the adjustments will primarily target the wealthiest individuals. In the 2024 budget unveiled Tuesday, Finance Minister Chrystia...

Deputy Prime Minister and Finance Minister Chrystia Freeland announced a number of housing affordability measures Thursday that she said will help buyers get their first homes and help current homeowners afford the homes they have. "I really hope and believe the...

March 2024 home sales reported through TRREB’s MLS® System were lower than the March 2023 result, due in part to spring break for the schools and the statutory holiday Good Friday falling in March this year versus April last year. Despite a better-supplied market...

A new report released this week says the average asking price for a rental unit in Canada was $2,193 per month in February, up 10.5% year-over-year and the fastest annual growth since September 2023. The data released Monday by Rentals.ca and Urbanation, which...

The Canada Mortgage and Housing Corporation (CMHC) has officially terminated the First-Time Home Buyer Incentive program. The cutoff for new or revised applications is set for March 21st, 2024. The program aimed to help first-time home buyers boost their down payment...