In 1980, the average Canadian home cost about 2.8 years of household income. Today, it costs nearly 8 years of average income. Home prices have risen +900% since 1980. Median household income has risen just +258%. In real terms, household Full details …
Home sales are picking up this spring, but prices are still adjusting.• 5,946 homes sold in April (+7% YoY, +6.1% vs March)• Average price: $1,051,969 (-4.9% YoY)• Benchmark price (typical home): -6.6% YoY Supply shifting:• 17,097 new listings (-9.3% YoY)• Full details …
New research from RE/MAX Canada reveals that many older homeowners are staying put—largely due to a lack of suitable housing options. In fact, 65% of Canadians aged 65 and over report limited or no availability of downsizing opportunities within their Full details …
On April 1st 2026, Mississauga City Council approved the new RENTAL REPAIRS AND RENOVATIONS LICENSING bylaw. Starting September 1st, 2026 the bylaw will impose new requirements on landlords for extensive renovations or repairs. This new bylaw will require landlords to Full details …
With Ontario’s delinquency rate rising 44% year-over-year, a surge of mortgage arrears is expected through 2026, mostly due to a wave of renewals at higher rates, combined with unemployment and inflation. However there are ways banks can help, and homeowners Full details …
Important changes to Ontario real estate came in effect on December 1, 2023 – the Real Estate and Business Brokers Act (REBBA) got replaced by TRESA (Trust in Real Estate Services Act). One of the most prominent changes impacting consumers Full details …
The Bank of Canada raised mortgage interest rates went from 1.0 per cent in April 2022 to 5.0 per cent in July of this year. Seasoned real estate professionals and homeowners compare the situation with the 90’s market when between Full details …
Effective January 1, 2023, non-Canadians are banned from purchasing residential property in Canada for two years after parliament passed the Prohibition on the Purchase of Residential Property by Non-Canadians Act On June 23, 2022. Broadly speaking, the Act prohibits foreign Full details …
Next year the rent increase guideline in Ontario will be capped at 2.5%. This is the highest increase allowed in a decade – more than doubling from the previous 2022 guideline of 1.2%. The last time Ontario’s rent increase guideline Full details …
The 2022 provincial budget makes all condominium and freehold (home/townhome) assignment agreements made after May 7, 2022 subject to HST. Assignment transactions are common in pre-construction purchases. Before the 2022 budget, whether or not HST applied to an assignment transaction, Full details …