It’s no secret that home prices are rising across the nation. The latest numbers released by the Canadian Real Estate Association find the MLS Home Price Index rose 16% from this time last year, and the average national home price is now pegged at $519,521 – a 3.5% increase.
Looking to break into the Toronto real estate market, but seek more square footage than the typical condo provides? Given the average house price now tops $1.3 million in the city, according to the Toronto Real Estate Board, you better have a significant nest egg if you dream of detached living.
2016 was an unforgettable year, though some may want to try. Through the loss of several music legends, a rise in world-wide violence and a tumultuous political situation south of the border, it’s easy to dismiss last year as a negative. Yes, there were several monumental events that affected life for Canadians, though as many in the Real Estate industry would agree, one of the biggest news stories of 2016 was the continued highs of the Real Estate market.
December 13th 2016 – News Release
Canada’s Largest Real Estate Search Website – RentSeeker.ca released it’s New Updated 2016 Annual Report today showing the;
Average Rent Costs and Vacancy Rates for Apartment Rentals in cities across Canada
Relationships are an important part of life, and perhaps one of the most important involves someone that you may not want to spend time with. No, we’re not talking about that family member, but your landlord!
The term ‘affordable housing’ means very different things to different people. If you ask the average 30 something year old couple trying to find a house in downtown Toronto, affordable means anything under $1 000 000 as the average cost for a detached home hit $1.26 million this month. On the other end of the socio economic ladder, many Canadians are experiencing difficulties finding a place to live within their budget in neighbourhoods they have lived in for years, and the problem is only getting worse. … What Affordable Housing Means and Why It’s Important
The Government of Ontario has set the 2017 guideline for rent increases to 1.5 per cent.
The guideline, which is set by the Province of Ontario, outlines the maximum percentage by which landlords can increase a tenant’s rent based on the Ontario Consumer Price Index. The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board.
RentSeeker.ca, Canada’s Leading Real Estate Website and Apartment Finder, has Launched the First Ever LIVE Web-Based Real Estate Panel Discussion featuring Real Estate Professionals, Top Business and Real Estate Journalists and MP’s from across the country to discuss Canada’s Real Estate Market.
Is it better to rent or buy? This is one of the most common financial questions Canadian consumers have to deal with at some point. From millennials who typically begin their careers while renting, to families who are looking to live “the Canadian dream” of home ownership.
When it feels like the Canadian dollar is becoming more and more like monopoly money everyday, there is — at least — good news on the horizon for renters.
Vacancy rates are going up in many metropolitan centres across the country and rent prices are remaining stable or dropping.