Hamilton-Burlington real estate market update

Hamilton-Burlington real estate market update
While politicians fiddle, home buyers get burned
If you want evidence that Toronto's hot housing market is spreading to other communities then look no further than Hamilton and Burlington. Almost a quarter of all home purchases in the first three months of the year in these cities were from the GTA, 

Toronto will become the second city in Canada to impose an additional 15% tax on foreign home buyers. The Ontario provincial government has proposed a legislation that levies tax on foreigners buying properties in the Golden Horseshoe, an area that

Because Ontario is joining BC with its own foreign-homebuyer tax, will overseas investors move one province over to Montreal? Desjardins Senior Economist Benoit P. Durocher mulled this question in a recent report, and two other top economists now

The average cost of a Toronto home jumped 33.2% over the past year, from an average of $688,000 (US$510,600/£398,000) in March of 2016 to $917,000 (US$680,000/£530,500) in March of 2017. Two problems. First, Sousa's promising to balance a budget

What's driving prices in Toronto? Take your pick. First-time buyers, young families, couples, singles, millennials and foreign buyers are all vying for homes. New provincial government regulations are expected to cool the market, but they aren't …

How the “move-over” effect is inflating home prices even outside the GTA
How the “move-over” effect is inflating home prices even outside the GTA

There's a difference between housing and real estate. Housing is where we live; real estate is an investment. It's a pedantic but critical distinction. In all the breathless debates over housing bubbles and policy options, we look primarily at the … . TORONTO and KELOWNA, BC , April 25, 2017 /CNW/ – Significant price increases and high demand in the Greater Toronto Area during the first quarter of 2017 spurred growing numbers of buyers to leave the downtown core. These buyers, known as. An April 2017 report shows what we already knew, but showed in numbers, the average house sale prices are declining in Vancouver and rising in Toronto. Regardless of the decline in Vancouver, both East and West Coast buyers are moving out of the big

By now everyone knows Toronto's real estate market is burning hot. But it may be time to start hosing the neighbouring cities as well, because the flames are starting to spread. Most of the cities around Toronto have surged more than 30% over the same

Kathleen Wynne, like B.C. Premier Christy Clark, continues to pussyfoot around the issue of housing affordability, while doing nothing to address the real problem. Scapegoating foreign investors is easy, because they can't vote, but they are also not

Cities have become increasingly globalized in the last two decades, with investors from all over the world purchasing second and third (and fourth and fifth) homes in top cities where real estate is considered an investment. As investors purchase more …

Report blames Ontario's 2006 growth plan for soaring house prices

VAUGHAN, ON, April 26, 2017 /CNW/ – While intentions may be good, "Ontario's Fair Housing Plan" does not do enough to increase the supply of housing in Ontario during the biggest housing crisis in the Greater Toronto and Hamilton Area (GTHA) for almost. “Ontario's Fair Housing Plan introduces a comprehensive package of measures to help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market.” (Source). Desmond Tsang, Professor

While politicians fiddle, home buyers get burned
While politicians fiddle, home buyers get burned

I've been studying Ontario's new Fair Housing Plan for several days now in an effort to discern the logic of the 16-point program that aims to bring housing costs under control. The idea itself seems both attractive yet fanciful: I'm not sure any … . Victoria's mayor wants the province to implement a foreign buyer tax to help tame the city's housing market and level the playing field between it and big cities like Vancouver and Toronto. “Victoria, Vancouver, and Toronto are the most expensive …

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