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Canadian Residential Real Estate Investment Peaked And Is Heading For Declines

Thursday Jul 26th, 2018

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Source: BetterDwelling.com, by Stephen Punwasi Peak Canadian real estate investment is behind us, according to another indicator. Statistics Canada (StatCan) numbers show residential investment as a percentage of gross domestic product (GDP) is moving lower. Taking a dive through unadjusted data, we can see this trend is primed to head much lower soon. What Is Residential Investment? Residential investment is how countries measure economic activity related to building residential... [read more]

Toronto Housing Bubble

Saturday Aug 17th, 2019

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Why Real Estate Bubbles Happen A real estate bubble occurs in local or global real estate markets, and typically follow a land boom. This is a rapid increase in real property market price (i.e. housing) until they reach unsustainable levels that eventually lead to a gradual or rapid decline. Can real estate bubbles be identified and prevented? Housing market bubbles are more critical than stock market bubbles. Equity price busts occur on average every 13 years, last... [read more]

Toronto Condos Are Officially More Expensive Than The Average Canadian Home

Wednesday Oct 16th, 2019

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"Whether you're a first-time homebuyer or someone who wants to downgrade to something a little cheaper, condos have always been the less expensive option when it comes to living. However, a new study done by Royal LePage states that if you live in Toronto, this actually isn't the case. In fact, it turns out that Toronto condos prices are starting to become nearly as expensive as Toronto's homes, and even more expensive than the average Canadian home.  In a new... [read more]

Toronto Short-Term Rentals (Airbnb)

Wednesday Oct 30th, 2019

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Short-term rentals are not legally permitted in Toronto. Regulations for short-term rentals are pending appeal decision by the Local Planning Appeal Tribunal (LPAT).  Once approved by the LPAT, the following short-term rental regulations will come into effect, subject to the results of the hearing. Prospective hosts for popular short-term rental service providers, such as Airbnb, will be given advance notice to submit applications licence/registration so that... [read more]

Foreign-buyer Home Purchases Dropping in Toronto

Monday Jan 8th, 2018

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Foreign buyers have purchased fewer homes in the Toronto region in recent months, according to new figures from the Ontario government.   The province also revealed how much money has flowed into its coffers from its 15-per-cent tax on international residential purchases: about $133-million in six months.   However, the government warned the figure could drop "significantly" because some buyers may eventually claim rebates.   In all, 3.8 per cent of... [read more]

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