If high-end buyers get discouraged by heavy upfront taxes, they don’t move.
And when they don’t move, the mid-range homes they would have vacated never come to market.
Its a domino effect.
Read moreBill 60 - The Law that could change Real Estate overnight.
But the biggest conversation isn’t about development timelines but it’s about tenant rights.
Specifically, Schedule 12, which contains amendments to the Residential Tenancies Act.
Is the dream of Home Ownership dead for Young Canadians?
A new global study suggests what many of us in real estate have been watching unfold in real time: Canada’s biggest cities are now among the hardest places in the world for young people to buy their first home…..
Read moreToronto’s Rental Market Just Hit a Turning Point — I Haven’t Seen Anything Like It
And while Toronto still ranks among the most expensive cities in the country, these drops are outpacing the national average. Two-bedroom units — the work-from-home hero of the pandemic — saw the sharpest correction, sliding more than 7% to …….
Read moreMarket Insight: A Market in Search of Balance
For buyers confident in their employment and long-term financial outlook, this market offers an opportunity that simply didn’t exist two or three years ago. There’s more selection, fewer bidding wars, and a return to more traditional negotiating conditions.
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