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New real estate rules announced by the federal government

New real estate rules announced by the federal government

New real estate rules announced by the federal government Monday should dampen home sales across Canada, according to two major banks. Finance Minister Bill Morneau announced “three complementary measures designed to reinforce the Canadian housing finance system.” Among the changes, the government will close a loophole that allowed foreign buyers who are not residing in […]

We’re looking to upgrade to a bigger home

We’re looking to upgrade to a bigger home

We’re looking to upgrade to a bigger home, but don’t know if we should buy first or sell first in this hot market. Any tips? We get this question a lot. To buy first or to sell first? It’s a common question, especially in today’s red-hot real-estate market. The answer? It depends on market availability […]

Ontario real estate associations oppose taxing foreign buyer in Toronto

Ontario real estate associations oppose taxing foreign buyer in Toronto

Ontario real estate associations oppose taxing foreign buyer in Toronto. TORONTO – Two Ontario real estate associations have voiced opposition against following in Vancouver’s footsteps and implementing a tax on foreign homebuyers, saying that such a “knee-jerk reaction” could have negative implications for the economy. In letters penned to the provincial and municipal governments last […]

Toronto outstrips Vancouver as the country’s hottest market

Toronto outstrips Vancouver as the country’s hottest market

Toronto outstrips Vancouver as the country’s hottest market. With the Vancouver housing sector currently experiencing a 10 per cent price correction in the wake of B.C.’s new tax on foreign home buyers, Toronto has taken over as Canada’s most dynamic and fastest growing real estate market, according to a veteran markets observer. In a contribution […]

Should house hunters buy or sell first?

Should house hunters buy or sell first?

The answer depends on the people, city and most importantly, the market. Buying a home can be difficult. House hunters must save for a down payment, may face bidding wars and even forgo conditions once considered staples of a home purchase offer, like financing or an inspection. But those who already own a home and […]