In toronto real estate, Toronto had another month of record-breaking home sales in July, 2016, but the city’s real estate board is warning of a “troubling trend” that is sending home affordability out of range. “While sales were up on a year-over-year basis, the number of new listings was down over the same period, […]
Toronto Seller Posts
CMHC is warning overvalued housing market in Toronto area
In toronto real estate, the Canada Mortgage and Housing Corporation (CMHC) is sounding the alarm over several of Canada’s housing markets. There are troubling signs beyond the much talked about Toronto and Vancouver scenes. Bob Dugan is the Cheif Economist for the CMHC, the federal government’s housing authority. On the website the 70 year-old […]
Scope of home selling services in Toronto are not all standard
In toronto real estate, selling a home for most people is a rare occurrence and can be complicated, so hiring a real-estate salesperson to help you is a good first step to ensuring you have access to expert advice. When you list your home, you typically sign a seller representation agreement, commonly known as […]
CMHC says no 1980s style condo bubble in Toronto high-rise condo market
In toronto real estate, Canada Mortgage and Housing Corp. says that there is very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the market crashed. In a report out Tuesday, CMHC, the Crown corporation that guides Ottawa on housing policy, noted that 79 per cent of […]
Principal Residence Exemption and how to claim it
WHAT TO DO 1. In Toronto real estate, Jessica Bruno says that if your client has more than one property and is planning to sell one, check if it’s tax-efficient to designate the home as the principal residence. › Ensure it meets CRA’s principal residence criteria (see Principal residence exemption criteria, below). If your […]
