Housing Market
REMI Network
Feds greenlight ‘vacant home’ tax for foreign buyers
As of January 2022, the government is applying a 1 per cent annual tax on the value of non-resident and non-Canadian owned properties that are “vacant or underused.”
REMI Network
Extreme sellers’ market expected to let up in 2021
Although potential homebuyers may face less competition as the year goes on, a housing supply crisis looms in the background as prices go up and the population grows.
REMI Network
Canadians see dismal future for homeownership
Beyond the hot housing market, 36 per cent of the under-40 crowd are abandoning their dreams of ever owning a home.
REMI Network
GTA home prices rise by up to 48% since COVID
Many people are relocating out of Toronto to the suburbs, driving home prices up. Here's where the highest appreciation is occurring.
REMI Network
Strong housing market to power through 2021
Some analysts predicted that mortgage defaults would rise during the pandemic, but this hasn't been the case.
REMI Network
One quarter of millennials bought a home during COVID
About 40 per cent have already racked up savings since the pandemic began, according to a new survey. The majority say remote work has made it more likely they will move further from employers.
REMI Network
Home-buying intent heats up during second wave
More people plan on buying a home compared to last summer, suggests newly released data analyzing housing expectations.
REMI Network
National home price up 9.7 per cent in Q4
Markham, Vaughan, Burlington, Pickering, Oakville. The average home price in all these Ontario-based cities increased by at least $100,000 last quarter, compared to 2019.
REMI Network
Luxury home sales over $3-mil set new record in GTA
Luxury home sales more than $3 million set a new record in the GTA, with the number condo and freehold properties sold in 2020 topping peak 2017 levels.
REMI Network
Montreal area condo listings soar in December
Active condo listings rose by 18 per cent—a number that has not been seen for a month of December since 2012.
REMI Network
Townhouse demand up during pandemic: report
The supply of townhouse land remains scarce. As a key component of the “missing middle,” this land is often prohibitively expensive in urban areas.
REMI Network
Housing markets sinking despite rising prices, report finds
Housing markets are falling deeper into a slump despite increasing property prices, suggests a new report by The Real Estate Investment Network.
REMI Network
Home prices continue rising into fall season
Windsor reported the highest spike in Ontario, with the average price rising 17 per cent year-over-year followed by Oshawa.
REMI Network
Pandemic not dampening homeownership spirit
A vast majority of Canadian home owners expect they will have no difficulty in making their mortgage payments, according to a new report.
REMI Network
Ottawa an outlier in housing market slowdown
Ottawa is enduring through the nation’s current housing slump, while other real estate markets in British Columbia, Alberta and Ontario are on a steady decline.
REMI Network
Think tank offers blueprint to guide housing market policies
A new report provides a blueprint for policymakers and regulators in the housing market to address threats to financial stability.
REMI Network
GTA condo prices fall in April: TRREB
As Toronto condo prices dropped 4 per cent this April, TRREB notes a key factor for housing market recovery will be a broader reopening of the economy.
