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Summary of the Fair Housing Plan to Help Stabilize Ontario's Real Estate Market

Friday Apr 28th, 2017

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With so many people worried about a possible housing market collapse, the Government of Ontario is taking action. Here are 16 measures they hope can bring some stability to runaway home prices and the problems it brings.   1. Foreign Buyer Tax (NRST - Non-resident Speculation Tax) The Ontario government will impose a 15% non-resident speculation tax (NRST), or foreign buyer tax, on the sale price of homes. The tax has taken effect as of April 21, 2017, pending legislative... [read more]

Buyer Beware: Numbers Show Canada’s Housing Market Is Out Of Control

Tuesday Apr 25th, 2017

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It is no secret that the housing prices in Toronto, as well as other parts of Canada, have been on the rise. In fact, a recent article from the Huffington Post highlights just how catastrophic the housing market in Canada has become, with many troubling graphics to support this. Below is a bar graph that compares the average prices for home buyers in Canadian cities to the rest of the world’s major cities. Tokyo and New York Housing is Cheaper than Toronto As you can see,... [read more]

Help is Available for Ontario First Time Home Buyers

Monday Apr 24th, 2017

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If you would love to live the dream of owning your own home in Ontario, you may experience potential difficulties coming up with the required funds. While prices have continued to rise, the housing availability has become extremely limited in today’s market situation. However, help is available, along with several perks and programs designed to make it easier to buy your first home. Here are some available programs that can assist you with your purchase as a first-time home... [read more]

Canadian Housing Market Looking More and More Like 2007 American Crisis

Saturday Feb 11th, 2017

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Unless you have been living on a deserted island (or far north of the Arctic Circle) for a few years, you know about the current housing market situation in Canada. Many financial experts are predicting this bubble to pop at some point in the future. This is not just a doomsday prediction, as a recent article at the Vice money website draws an eerie comparison between our housing market and the Unites States crash of 2007. Worse Than We Thought? In 2015, home prices were about sixteen... [read more]

Sellers - 5 Reasons Why You Should Choose a Full Service Real Estate Agent

Wednesday Jan 11th, 2017

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If you are thinking of selling a home, you could be dealing with a lot of hassle. We are in a "seller’s" market and that is great for someone selling their home, but what if you plan to buy a home too? Whether you are selling or buying, you have several choices when you need to sell your property and buy another one. You could do it yourself (FSBO), use a flat fee or "no frills" service, standard real estate service or you could go with a Full Service real estate... [read more]

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