author
Call Broker of Record: 416-893-8530

Real Estate

Toronto real estate market may be poised for a spring rebound

Federal GST Removal on Purpose-Built Rental Units

Federal GST Removal on Purpose-Built Rental Units The federal government recently announced an enhancement to the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing to encourage the construction of much-needed rental housing stock across the country. If passed, this action will contribute to greater affordability in the rental market, as the removal of GST will apply to...

Bank of Canada

Bank of Canada maintains policy rate

Bank of Canada maintains policy rate, continues quantitative tightening FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 6, 2023 The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Inflation in advanced economies has continued to come down,...

Bank of Canada

Gabriela has saved a ton of money living with her parents. Is the time right to buy or rent?

The 27-year-old teacher has saved up a lot of money and wants to take the next step, but doesn’t know whether she should rent or buy property. “I want to move out ideally to my own purchased home or rent without a roommate,” Gabriela says. “But my goal is to purchase a home — or more likely a condo — in the next couple of years and I want to live in Parklawn/Mimico area. Somewhere near the...

Real Estate

Are you looking to renew a mortgage or buy a house? Now, is the right time.

The collapse of the Silicon Valley Bank is creating an opportunity for anyone looking to renew a mortgage or buy a house. CHRISTOPHER KATSAROV/THE GLOBE AND MAIL To be mercenary about the demise of Silicon Valley Bank, it’s the break people buying a home or renewing a mortgage have been waiting for. The global financial system has been shaken by the failure of SVB, which happened when it...

Bank of Canada

Key changes to Real Estate & Business Broker Act

Ontario Government announces key changes to Real Estate & Business Broker Act effective next year New rules aim to increase consumer confidence and protection RECO is pleased to announce that the provincial government is making important changes to the law that governs real estate registrants (agents and brokerages) in Ontario. The changes will strengthen consumer protection and raise consumer...

Compare listings

Compare