MPAC released its annual assessment rolls to 444 Ontario municipalities. It showed a record-breaking year of $42B in property inventory growth province-wide....
Market Update
Cash offers mean paying in full, eliminating the need for a mortgage. Sellers prefer cash deals for their speed and lower risk compared to financed deals. Cash buyers include investors and house flippers; older, repeat buyers also opt for cash....
Brampton has paused its rental licensing pilot due to backlash from landlords. The program aimed to curb illegal lodging by requiring property owners to register with the city. Concerns were raised about the administrative burden and delays at the Landlord and Tenant Board. The city is working to streamline the program by making changes. Continue to full article...
Although Ontario properties are still assessed based on values as of January 1, 2016, CRE analysis is increasing.Ontario might undergo reassessment in 2025 based on values as of January 1, 2023, potentially impacting tax liability....
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing you wonderful and peaceful...
The City of Brampton has paused its landlord licensing pilot program due to concerns raised by affected parties. The program required landlords in five wards to register rental properties, pay a licensing fee, and undergo inspections. The pause comes in response to a petition calling the program an unfair financial burden. The city has already made some changes to the program requirements and...
National rent growth for both purpose-built and condo apartments was 10.7% in 2023. Ontario's rent growth was more modest at 3.7% in 2023....
Avg prices for single-family homes in Ontario ↑ 0.9% yearly. Yet, single-family home prices ↓ MoM to ~&953K....
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was common for friends and lovers...
Canadians continue to invest in real estate despite economic challenges, with 82% feeling optimistic about the outlook. Over 75% of investors own property in addition to their primary residence, and 87% are more comfortable with real estate investing than with publicly traded stocks. The most sought-after real estate investment is purpose-built rentals, followed by single-family homes and condominiums....