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...

Tarion, the home consumer protection agency in Ontario could face $90M in claims as developers walk away from projects and home buyers lose deposits. Ontario's real estate watchdog, Tarion, confronts an unprecedented challenge as it braces for over $90 million in...

So it’s official! City Council voted in favour of the 9.5% increase to the residential property tax rate when they met on Wednesday to finalize the 2024 budget. The tax hike, bigger than any since the city’s amalgamation in 1998, was opposed by some councillors, who...

Toronto listings are starting to see multiple offers starting up again. What has happened in the last week that has caused this frenzy? The psyche in the market has already started to shift. Could it be this unusually warm weather we are having? Does it feel like...

Foreign buyers who want to purchase a home in Toronto could soon face an even steeper price tag if city council approves a new municipal tax that aims to curb real estate speculation. The Municipal Non-Resident Speculation Tax (MNRST), is currently under consideration...

Have you done your declaration for your home occupancy status for 2023? The City of Toronto is reminding all residential property owners to declare their property’s occupancy status for the 2023 taxation year by February 29, 2024. As part of the Vacant Home Tax...

Toronto’s latest real estate figures suggest the housing market may be amid a rebound, according to some economists, though they caution that the full impact of elevated mortgage rates has yet to play out. The December stats were released from the Toronto Regional...

The blind bidding war has been a fixture of Canadian real estate for a generation, but even with new rules in Canada’s largest real estate market that will allow realtors to part the veil of secrecy, industry experts don’t believe an era of open auctions is upon us....