One of Canada’s top issues this election is housing, and as usual, we’ve been getting a lot of questions by email. Instead of answering each email individually, we’re going to cover what feels like our regular election platform breakdowns. In separate pieces, we’ll drop an unbiased look at the policies promised, and the intended (or […]
Greater Toronto and Vancouver real estate price growth further decelerated last month. Both boards reported the rate of annual growth fell in August. Surprisingly low inventory, typical during election periods, helped to firm prices though. It may even be enough to return the trend to growth this month. At least for the near-term. Greater Toronto […]
Greater Toronto real estate has been slowing down, but the city seems to be slowing much faster. Toronto Regional Real Estate Board (TRREB) data shows mixed home price moves in August. Toronto’s suburbs, aka the 905, continued to print gains, while prices in the City fell. Both regions showed a second month of deceleration for […]
Canadian real estate agents and brokerages are accused of working against their clients. Not by some rando either, but the claims came from the Real Estate Council of Ontario (RECO). The provincial regulator wrote the industry to explain they found clients were directed based on commissions. This tactic means some buyers may have bought real […]
Canadian real estate and capital gains taxes are once again in the spotlight. This week the NDP’s Jagmeet Singh promised to crack down on “big money” house flippers. This strategy largely involves hitting them with a 75 percent capital gains rate. Owners feel this will unfairly target them. Supporters think this will encourage more productive […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate One Of Canada’s Largest Real Estate Lobbies Lost Their Sh*T Over An Election Promise One of Canada’s largest real estate lobbies isn’t very happy with one of the new election promises. The Liberals promised this week to ban “blind-bidding” if re-elected. The […]
The Canadian economy suffered some setbacks last month, but they’re likely to resolve. BMO‘s Canadian Business Activity Index (BAI) advanced in July, showing an improving environment. Erik Johnson, one of the bank’s economists, said the growth was much smaller than a month before though. This may appear concerning at first, but the bank believes this […]
Prime Minister Justin Trudeau did the worst job with housing in the history of leaders. No, it was definitely Prime Minister Stephen Harper that oversaw the worst… No… this goes back to… Brian Mulroney? Uh, that was 30 years ago, but whatever. Ever since Canada’s election kicked off, everyone’s been arguing about housing. More specifically, […]
The Canadian election is ramping up, and housing is becoming the hot button issue. Media pundits have been claiming it’s a relatively small issue, that just happens to be very loud these days. Crunching the numbers for eligible voters in BC and Ontario, that doesn’t appear to be the case. The majority of eligible voters […]
Canada is in election mode, and all politicians have a plan to cool real estate markets. The thing is, most markets have begun to cool on their own. Canadian Real Estate Association (CREA) data shows a third of markets made a monthly pullback in July. The trend is likely to get stronger as well, as […]
