Real Estate News

Analysis Rising rates to cool Ontario housing market more than pre-election promises

With an election looming, Canada’s province of Ontario is moving to rein in surging home prices with populist measures like a bigger foreign-buyer tax, but economists warn rising interest rates are likely to do most of the work.  Already there are signs the red-hot markets are cooling after last month’s central bank
Real Estate News

April home prices in Kitchener-Waterloo almost $200K higher than a year earlier

Real estate prices took a slight dip in the area in April from March, though the average home still sold for nearly $200,000 higher than a year ago, according to the Kitchener-Waterloo Association of Realtors. On average, a home in the Kitchener-Waterloo area sold for $757,906 last month, which was
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Real Estate News

Ontario budget projects larger deficit, billions for infrastructure

Ontario’s Progressive Conservatives are veering off a path to balance with an election budget loaded with billions of dollars in hospital, highway and transit investments. The document, set to serve as the Tory platform during a campaign expected to kick off next week, has the party projecting Ontario will be
Real Estate News

Hiking development charges will only make homes more unaffordable

Builders and developers must overcome myriad planning, zoning, and logistical hurdles as well as rustle through a lot of red tape, rules, and regulations to get residential projects built in Toronto. It all comes with a hefty price, of course. The more time and money a developer spends navigating the
Real Estate News

Will Liberals put a tax on primary residence sales?

One thing that all real estate investors are painfully aware of when they plan on owning a property is the capital gains tax. With the rules currently in place, you must pay capital gains taxes on the profits you make from the sale of a home or other real estate. This