Toronto Area Real Estate News New Homes Condo Development

Housing market activity in Toronto to ease in 2016

At this year's Toronto Housing Outlook Conference (#HOCTO), titled 'Your Guide to Toronto's Housing Market', CMHC housing market analysts provided an in-depth forecast for 2016, and explained how economic and demographic trends will impact the housing market in the Toronto Census Metropolitan Area (CMA).

Chartwell acquires five premier Ontario senior residences

Chartwell Retirement Residences announced on October 29, 2015, that it entered into a definitive agreement to acquire five premier retirement residences located in Ontario for an aggregate purchase price of $254.0 million from five separate groups of vendors.

GTA commercial real estate investment market promises a strong finish

Sales of commercial real estate assets in the Greater Toronto Area (GTA) continue to fluctuate quarter-over-quarter. Despite a strong showing by the office sector, sales declined in the industrial, retail, ICI land and multi-residential sectors. Consistent, however, are historically low interest rates, plentiful capital, constrained product supply and competitive bids (especially from foreign buyers), resulting in historically low cap rates.

Ontario government close to allowing doubling of land transfer taxes

The Ontario Ministry of Municipal Affairs and Housing has indicated that they are going to make buying a home even harder by giving every municipality province-wide the power to charge a Municipal Land Transfer Tax (MLTT), a change that will double the land transfer taxes consumers have to pay on their next home.