Toronto’s heated condo market looses some steam due to the growing development costs and some of the condo project cancellations. They have produced some caution into Toronto’s hot condo market, and with more project terminations likely yet to come, comments Urbanation, the development research company. Urbanation found that new Toronto condo launch prices went up […]
foreign condo buyer
Analyzing condo investors of Toronto market, a new study finds
What are the characteristics of the new pre-construction condo buyers in Toronto’s property market? These buyers buy out the most and best condo units in the condo building towers during the pre-sales period from the hundred of new condo builders across Toronto area. Close to 50 per cent (50%) of the mortgages […]
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 […]
Foreign home buyers – How other countries limit money from abroad
It was revealed this week that the Canada Mortgage and Housing Corporation is trying to keep tabs on foreign money in Canada’s residential real estate market. The national housing agency has come under fire in recent years for a conspicuous lack of reliable data about the money coming from abroad and how it may be […]
