Real Estate News

Rules Have Quietly Changed for the First-Time Home Buyer Incentive

The rules of the First-Time Home Buyer Incentive have been re-written. For those in the dark, the First-Time Home Buyer Incentive (FTHBI) is designed to help people across Canada purchase their first home (in theory, at least). The program offers 5% or 10% of the home’s purchase price to put toward a down
Real Estate News

Most Ontario Renters Choosing Between Food and Paying Rent: Report

The cost of living has gone up across the board for Ontarians, with everything from what drivers are paying at the pump to what shoppers are spending at the grocery store tightening their purse strings. Rent prices are no exception and a new report from the Advocacy Centre for Tenants Ontario (ACTO)
Real Estate News

Half of Canadians Think Homeownership is Impossible: Survey

The great Canadian dream of homeownership is slipping away from those who don’t currently own property. According to a new study conducted by Chartered Professional Accountants of Canada (CPA Canada), the prospect of homeownership remains far from reach for countless Canadians.The Housing Headache study found that half of Canadians who do not currently own a
Royal York in The News

Royal York Property Management: Bringing Transparency to Renting and Leasing Properties

Transparency, let’s face it, maybe a buzzword these days, but you’ll be hard-pressed to find it manifested in the business world. From the fine print that scrolls oh-so-quickly across your TV screen as you watch an ad, to the double-talk we hear from salesmen, we’ve all gotten used to taking
Real Estate News

Toronto’s suburbs have the “frothiest” housing market in Canada: BMO

A “frothy” market exists when the price of an asset — housing, in this case — becomes detached from its underlying value as demand drives prices to unsustainable levels. Froth tends to precede a market bubble, which may eventually burst. Robert Kavcic, Senior Economist at BMO Capital Markets, says froth