Posted on August 31, 2016
According many industry insiders, there’s no cooling in sight for Toronto’s sizzling housing market. Using stats from the Toronto Real Estate Board, July showed the highest recorded number of sales ever in Toronto – almost 10,000 homes were sold at an average price of $1.2 million (detached homes in the City of Toronto) – just… Read more
Posted on August 22, 2016
According to a new report from Urbanation Inc., there were 7,731 new condominium apartments sold across the GTA during the second quarter of this year, a 26 per cent increase year-over-year. This represents the second-highest level of quarterly activity on record following the 8,548 condo sales in Q2-2011. The report suggests the number of sales… Read more
Posted on August 17, 2016
One week ago (August 2), British Columbia implemented a new Property Transfer Tax on foreign investors purchasing homes in Metro Vancouver. Not surprisingly, an implosion of real estate deals resulted immediately. According to the Financial Post (Aug. 8, 2016), “At least 427 deals are likely to collapse due to the new measure, [says] Dan Morrison,… Read more