More of Ontario’s younger generations are likely to buy a home in the next two years. That’s according to new research from the Ontario Real Estate Association (OREA). One in four (24%) people in Generation Y (born between 1981 and 1995) said they are likely to purchase a home in the next two years … Continued
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
Today OREA released research that shows a massive loss of economic activity in the City of Toronto and a corresponding loss of thousands of jobs due to the Municipal Land Transfer Tax (MLTT), imposed in Toronto in 2008. The report, Economic Implications of the Municipal Land Transfer Tax in Toronto, conducted by Altus Group … Continued
What makes you get up in the morning? Is it your kids? Is it work? or is it love? Have you really sat down and thought about it? For me it’s a combination of things. The sun, the son and then, of course what I LOVE, my work, my clients and my job. For me … Continued
The Canada Mortgage and Housing Corporation (CMHC) announced Ontario urban housing (populations 10,000+) starts of 81,200 units in August. When taken at seasonally adjusted annual rates (SAAR) starts were 86,900 units in August, up from 72,200 units in July. Of those, multi family home construction grew the most. Follow the link to view a full … Continued
It never gets old hearing or talking about people helping people, or in our case REALTORS® helping others. Recently, for the fourth consecutive year, the Newmarket Century 21 Heritage Group has won the team spirit award for the Heart & Stroke Foundation’s York North BIG Bike fundraiser. The riders hopped aboard the group bike and took to the pedals on … 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
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Most municipalities in Ontario have affordable housing programs. These programs tend to focus on rental housing in low income or developing neighbourhoods. Very few municipalities have programs that encourage residents to become home owners. One municipality, however, is a shining example of how local governments can work to help their constituents achieve their dreams of … 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.