StoryLine By CondoNow
Our CondoNow experts have narrowed down the top 10 real estate news stories from Jan. 20 – Feb 4, 2018.
From talks of implementing a vacant-home tax in Ontario, to the competitive rental market showing no signs of cooling down, to OREA seeking feedback on modernizing the Real Estate industry, we’ve cultivated a list of the top 10 stories. Here’s the latest news!
Toronto Real Estate Board Survey Offers More Info On Vacant Homes In The City
A survey from the Toronto Real Estate Board shows that two per cent of homeowners have a second property sitting empty as city staff continue to explore the idea of a vacant-homes tax.
Full Story On MetroNews.ca
The Last Hot Sector of Toronto’s Housing Market is Set To Cool This Year
Condo prices shot up 35% just in the last quarter of the year, but prices and sales will fall, says report.
Full Story On FinancialPost.com
How Ottawa Has Become a Top Real Estate Market to Watch
Ottawa’s real estate market is one of Canada’s strongest and steadiest.
Full Story on TheGlobeandMail.Com
Housing Market Still Overvalued In Toronto, Vancouver, Despite Slowdown In Price Growth: CMHC
With prices remaining high relative to salaries and demographics, the housing boom in Canada’s biggest cities leaves the national market vulnerable, CMHC said.
Full Story on FinancialPost.Com
Why Real Estate Agents Are More Important Than Ever
Realtors expecting steady growth in sales and prices this year, even as new rules come into play.
Full Story On REMOnline.com
Multiple Offers Now Common In Toronto Condo Rental Market
A lack of rental units has led to a spike in apartment and rental costs, and experts do not foresee the market cooling any time soon.
Full Story On TheGlobeAndMail.Com
Tale of Two Markets: 2017 Toronto Condo Demand Soared While Sales of New Single-Family Homes Slumped
It was a year of extremes in Toronto’s new-home market, with pre-construction sales of single-family homes falling 58 per cent in 2017 while new condominium sales soared to a record high.
Full Story On TheGlobeAndMail.Com
TREB: 1 In 10 Toronto Homeowners Planning To Sell Real Estate, Will Rent Next
Toronto real estate buyers and sellers may be on two different pages, according to a new survey. A survey conducted by Ipsos, on behalf of the Toronto Real Estate Board (TREB), shows an increasing number of homeowners are preparing to cash in.
Full Story On BetterDwelling.com
OREA Seeking Input on Improving Transparency Of Real Estate Industry
The Ontario Real Estate Association is seeking feedback on whether it should push the provincial government into modernizing the real estate industry to make it more transparent.
Full Story on CanadianBusiness.Com
Condos, Townhomes in High Demand in Metro Vancouver, Real Estate Board Says
1,818 homes were sold in January — up 19.4 per cent from the same time last year.
