by The Baldwin England Team | Nov 22, 2024 | Market Updates
Market Insight for November 22 This is how much money you need to make to buy a house in Canada’s largest cities. The average income needed to buy a home keeps inching down in cities across Canada, according to the latest data. Mortgage rates continue to decrease, and...
by The Baldwin England Team | Nov 1, 2024 | Market Updates
Market Insight for November 1 The youngest homeowners typically have a net worth at least 10 times that of renters in the same age cohort, and the gap widens to almost 30 times for those nearing retirement age. The numbers released Tuesday from the Statistics Canada...
by The Baldwin England Team | Oct 25, 2024 | Market Updates
Market Insight for October 25 Homeowners who routinely rent on Airbnb or similar platforms are now required to pay a 13% tax on the property’s value upon sale. A recent decision by the Tax Court of Canada means that individuals who have consistently rented out their...
by The Baldwin England Team | Oct 18, 2024 | Market Updates
Market Insight for October 18 Ontario home sales are projected to rise by nearly 10% in 2025, driven by pent-up demand from buyers awaiting further interest rate cuts. This could lead to significant momentum starting in the spring or summer of next year. The Canadian...
by The Baldwin England Team | Oct 11, 2024 | Market Updates
Market Insight for October 11 An influx of real estate activity is forecasted for the first half of 2025. A surge in demand for homes is anticipated as many potential buyers wait for mortgage rates to drop further, according to a recent TD Economics report. The...
by The Baldwin England Team | Oct 4, 2024 | Market Updates
Market Insight for October 4 A true market rebound is likely still a ways off, but signs of life were detected in the GTA housing market this September, according to the Toronto Regional Real Estate Board’s (TRREB’s) latest Market Watch report. Home sales were up by...
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