As Ontario gears up for municipal elections on October 27, OREA is highlighting what we feel is a major issue, the possibility of a second land transfer tax. As municipalities across the province look for new revenue tools and taxes, one consideration has become a municipal land transfer tax (MLTT). This tax would be imposed … Continued
Volunteering your time is one of the most rewarding things you can do. On Friday, July 13, 2012, REALTORS Care Foundation and OREA staff participated in a Habitat for Humanity Toronto Adopt A Day Program or Build Day. Working alongside Habitat volunteers, staff hammered, drilled and painted. By the end of the day we were covered in sweat, … Continued
Sales activity recorded through the MLS® Systems of Ontario real estate Boards and Associations rose 5.6 per cent from December 2010 to December 2011. Activity rose in more than half of all local markets, with monthly declines posted in most of the remaining markets. A total of 10,089 homes traded hands via Ontario MLS® Systems … Continued
Preliminary estimates of all area home starts across the province of Ontario grew to nearly 68,000 units in 2011, up 12 per cent from 2010, according to the Canadian Mortgage and Housing Corporation (CMHC). All of the increase last year came from a jump in construction for multi-family housing, which includes semi-detached, row and apartment … Continued
The Ontario preliminary Seasonally Adjusted Annual Rate (SAAR) of home starts across urban centres inched lower in September according to the Canadian Mortgage and Housing Corporation (CMHC). An estimated 63,000 residential housing units got started in the latest month, down from a revised 65,300 units in July.
Ontario housing activity has stabilized in recent months and housing demand will show a modest recovery through the latter part of 2011 and into 2012, according to the Canada Mortgage and Housing Corporation (CMHC). Highlights of the Ontario forecast include: • Ontario economy lags activity in rest of Canada during 2011/12 after leading in 2010. … Continued