Toronto new condo sales plummeted to lowest level since 1997 in first half of year: report
7/18/2024 | Posted in Ontario Real Estate by Jessi Sandhu
New condominium sales plummeted to a 27-year-low during the first six months of 2024 as a “sharp downturn in construction starts” in Toronto continued to impact ... More
Ontario housing supply overstated by almost 1 million, land development study reveals
2/22/2024 | Posted in Ontario Real Estate by Jessi Sandhu
Discrepancy debunks notion that construction industry is 'sitting on supply,' say developers
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Ontario Capping Rent Increases Below the Rate of Inflation
7/1/2023 | Posted in Ontario Real Estate by Jessi Sandhu
Province holding rent increase guideline at 2.5 per cent in 2024
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No new residential construction in Ontario after April 4
4/3/2020 | Posted in Ontario Real Estate by Jessi Sandhu
Speaking from Queen’s Park on Friday afternoon, Ontario Premier Doug Ford announced a halt to all residential construction in the province.
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Ontario's first-time buyers prefer detached homes and townhouses over condos
3/14/2020 | Posted in Ontario Real Estate by Jessi Sandhu
Condo developers in Ontario looking to sell units to millennials and first-time home buyers could be barking up the wrong tree, according to a new survey from OREA.
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Tarion adds new protection for condo buyers
11/3/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Ontario home warranty provider will require greater disclosure and information sheets.
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GTA largely responsible for house flipping in the Waterloo region
8/19/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Real estate flipping in the Waterloo region is mostly committed by investors from the Greater Toronto Area, according to a new report by Canada Mortgage and Housing ... More
Ontario passes legislation to cut red tape, ease housing crisis
6/7/2019 | Posted in Ontario Real Estate by Jessi Sandhu
The Ontario government has passed legislation which aims to tackle the province’s housing crisis.
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Ontario Realtors advise Ford government to end 'bully' offers
4/8/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Industry association also wants its regulator to have more power to 'kick out' unethical agents
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Ontario accounts for much of Canada's home price growth
2/22/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Ontario was the epicentre of Canadian home price growth in the past 5 years, according to a new analysis.
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Ontario may let realtors tell homebuyers the price of other bids
2/5/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Right now, buyers often blindly offer more than what they had wanted to spend in hopes of beating their competitor.
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GGH region forecast to lead growth in new home sales
1/10/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Sales of new homes should be positive in 2019 despite the challenges of affordability and interest rates.
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What Does 2019 Have In Store For The Canadian Real Estate Market?
12/7/2018 | Posted in Ontario Real Estate by Jessi Sandhu
Stricter mortgage qualification rules pushed buyers to the sidelines, as year-over-year double-digit sales decreases became the norm.
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Ontario scraps rent control for new units
11/20/2018 | Posted in Ontario Real Estate by Jessi Sandhu
Starting immediately, rent control rules will no longer apply to buildings and flats being rented for the first time, the Progressive Conservative government announced ... More
OREA asks Ontario to allow open bidding process, revamp realtor rules
10/12/2018 | Posted in Ontario Real Estate by Jessi Sandhu
The Ontario Real Estate Association is making more than three dozen recommendations to the provincial government on how it should update the rules governing realtors, including ... More
OREA welcomes planned repeal of Green Energy Act
9/21/2018 | Posted in Ontario Real Estate by Jessi Sandhu
The Ontario Government is planning to repeal legislation that would require home sellers to obtain a home energy audit before the sale.
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Online tribunal underway to help with condo disputes
9/19/2018 | Posted in Ontario Real Estate by Jessi Sandhu
Condominium lawyers are waiting to see how the jurisdiction of the online Condominium Authority Tribunal expands, while mediators say online dispute resolution will become more ... More
GTA's loss is this region's gain
8/10/2018 | Posted in Ontario Real Estate by Jessi Sandhu
Unaffordability isn’t expected to abate in the Greater Toronto Area any time soon, but as more and more people are discovering, there are cheaper places to live slightly ... More
Ontario baby boomers are planning to downsize or move out of big cities
8/8/2018 | Posted in Ontario Real Estate by Jessi Sandhu
Parents re-entering the market after their children stayed home longer than normal, survey says.
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Non-Toronto markets in Ontario see accelerated home price growth
7/25/2018 | Posted in Ontario Real Estate by Jessi Sandhu
While the Toronto residential market has seen the median cost of its housing shrink in Q2 2018, price growth accelerated in other major Ontario locales such as Kitchener, ... More
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