In October, Toronto’s City Council voted to increase the city’s Vacant Home Tax (VHT) from one per cent to three per cent of a home’s value. This increase comes on the heels of the City’s approval of a graduated Municipal Land Transfer Tax (MLTT) in September 2023,...
For the first time in decades, Toronto real estate is in a buyer’s market. October marks another month of bad records for Toronto real estate. With sales down 5.8 per cent since the same month last year, the region has posted one of the lowest numbers of October home...
New home construction increased slightly in the first half of 2023, mostly due to a surge in new apartment builds in Toronto and Vancouver, according to a new report from Canada Mortgage and Housing Corporation (CMHC). Overall, housing supply across the six cities...
By September of last year, Toronto’s real estate market had suffered seven months of price declines and one of the slowest September markets we’ve seen on record. The market was largely stabilized up by supply, or rather, the absence of it. We saw a...
Vancouver and Toronto, Canada’s largest real estate markets, have seen a significant shift in housing market risk, according to the latest UBS Global Real Estate Bubble Index for 2023. This year’s report indicates the cities are no longer in the bubble...
