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Toronto Home Prices Rising At Their Fastest Pace In Over Two Years...

TORONTO, December 5, 2019 - Toronto’s home prices extended gains in November, and are now accelerating at the quickest annual pace since 2017 as demand continues to outpace a dwindling supply of listings.

TREB Releases October 2019 Market Figures As Reported by GTA REALTORS®

TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led the way.

Canadian Home Prices Expected To Increase In 2020

TORONTO, December 3, 2019 - The RE/MAX 2020 Housing Market Outlook Report forecasts that the highs and lows of the Canadian housing market will level out in 2020 with an estimated 3.7% increase in the average residential sales price.

Many Toronto Homes Don’t Actually Sell Over Asking

TORONTO, November 25, 2019 - Bidding wars used to be a trademark Toronto strategy for home sellers.  While many realtors continue to brag about the hot real estate market, the reality can look much different – yes, even in the Toronto market.  In a recent Globe and Mail read more | login or register to post comments

10 Things You Need to Know About Bill 145 - The Trust in Real Estate Services Act (TIRESA)

TORONTO, November 22, 2019 - On Tuesday, November 19, 2019, the Minister of Government and Consumer Services, the Honourable Lisa Thompson, introduced Bill 145, the Trust in Real Estate Services Act, 2019. 

Ontario Tribunal Hands Down Ruling in Appeal of Toronto Airbnb Regulations

TORONTO, November 20, 2019 - On October 15, Ontario’s Local Planning Appeal Tribunal (LPAT) concluded an appeal of Toronto’s short-term rental rules brought forth by landlords who charged that the almost two-year-old guidelines restrict their rights as property owners.

On Monday, LPAT delivered its decision. The city’s rules regulating short-term rentals will remain in place.

Co-Ownership of a Property Can Sometimes Get Messy...

TORONTO, November 18, 2019 - When parties co-own real property as joint tenant or tenants-in-common, it can become messy real quick when one of those parties wants to opt out of the co-ownership but the other does not. Matters can get even more complicated when one party is unable or unwilling to buy the other party out or sell their interest.

Ontario's Landlord & Tenant Board - Abusing Authority

TORONTO, November 17, 2019 - In Ontario, the Landlord & Tenant Board, is now resorting to deliberate underhandedness to further frustrate landlords into abandoning their right of due process.

Above Guideline Increase (AGI) applications are taking over a year to set hearing dates and three to five months to issue an order after all parties have agreed.  Is there anyone to complaign to?  will they listen?

Bank of Canada Data Shows That Most Household Debt Stems From Mortgages

TORONTO, November 5, 2019 - New Bank of Canada data show that mortgage debt continues to account for the largest portion of Canada’s household debt balance.

Auditor General Reports That TARION Favors Builders Over Homeowners

Ottawa, November 5, 2019 - Ontario’s new home regulator “favoured the interest of builders over homeowners” with the result that thousands of requests for help from new homeowners were dismissed, says a report by Auditor General Bonnie Lysyk.

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