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Market Update for Dec 2nd
Since Ontario Premier Doug Ford was first elected four years ago, developers have paid tens of millions of dollars for a number of properties that include protected lands the province is now proposing to carve out of the Greenbelt. As recently as September of this...
Market Update for Nov 25th
CREA steps back on a controversial new policy about exclusive home sale listings. In the wake of a torrent of negative feedback, the Canadian Real Estate Association (CREA) has suspended its new policy requiring home sellers to list their properties on the Multiple...
Market Insight for October 28th
Ontario Hikes Foreign Buyer Tax to 25%, Highest in Canada effective immediately The government of Ontario announced that effective immediately its foreign buyer tax would be hiked to 25% — the highest such tax in Canada. The Non-Resident Speculation Tax, which aims to...
Market Update for October 21
Despite rising interest rates leading to a decline in new condo sales, Toronto has the highest number of operating tower cranes in North America, a new report by property and consultancy firm Rider Levett Bucknall shows. Toronto had 230 active cranes in the sky in the...
September Market Snapshot
Bosley Real Estate has released the quick market snapshots for the month of September, covering both the City of Toronto and the Greater Toronto Area. The September market snapshot for the Greater Toronto Area: Download the PDF here. The September market snapshot for...
Market Update for October 7
A 20-year low in new home listings last month is buying Toronto area home prices, which in September, rose slightly month-over-month to $1.09 million. It was the second consecutive monthly price increase, but on a year-over-year basis, the average house and condo...
Market Update for September 30
Developers are waiting longer for approvals and consumers are paying more. Toronto area municipalities are taking 40 percent longer on average to approve housing development applications than they did two years ago, and the cost of processing those permits has soared...
Market Update for September 23
There’s a significant shift happening in Canada — and it’s between the renter population and the homeowner population. While the number of homeowners in Canada is growing at 8.4%, the renter population is growing at 21.5%, more than double the rate, according to...
Market Update for September 16
Most people have probably come away from COVID-19 with a few purchases they now question, but for Canadian homebuyers who purchased a home during the pandemic, that home wasn’t one of them, at least that’s according to a new survey that found 63% of home buyers have...
Market Update for September 9
Housing markets are unique for their location, type, quality and size, so a decline in the average housing price is not the same as a decline in the price of an average house, which sometimes makes it difficult to decide whether it’s the right time to buy or sell....