The City of Toronto's balance of reserve funds for development charges has increased by 10x since 2009. These funds are received from R/E developers to offset the capital cost of providing growth-related infrastructure. Why are these funds not being spent?

Lawyer couple accused of stealing millions from homebuyers while law society stalled. cbc.ca/news/canada/to…

12,500 people entered a draw to live in one of the 135 affordable units (rents pegged to income) at Galleria on the Park theguardian.com/world/article/…

According to RenovictionsTO there are thousands of renoviction, eviction and above guideline rent increases for tenants in the City of Toronto. Will the new renoviction by-law help to reduce the amount of renovictions we see in Toronto?

Ontario Keeps Rent Cap At 2.5% For Third Year To “Protect Tenants” storeys.com/ontario-rent-i…

Toronto rents vs mortgage payments since 2008

Canada’s prairie provinces have seen the fastest growth in rent this year while larger cities are slowing or declining due to affordability challenges.

On Tuesday, July 23 at 9:30 a.m., join Joseph Richer, Registrar of RECO, for an exclusive OREA webinar on enhancing consumer trust. RSVP now & gain valuable insights & guidance tailored for brokers and managers: orea.com/get-involved/F…

There's not much consistent about the Vaughan condo market over the past five years.

3 episodes where the BoC’s policy rate maintained a significant negative spread vs the Fed: 1995-1998: 250 bps spread, loonie ⬇️ to 63 US cents 1999-2000: 75 bps spread, loonie ⬇️ 62 US cents (record low) 2003-2006: 100 bps spread, higher oil prices helped Cndn $ this time

According to 2022 figures from the BOC, approx 20% of variable-rate mortgages have a variable payment & 80% have a fixed payment. Based on this chart, almost 50% of variable rate, fixed payment mortgage holders have not been subject to an increase in payments yet.

MNP Consumer Debt Index drops six points, reflecting Canadians’ worsening debt outlook despite recent interest rate cut MNP Consumer Debt Index | MNP LTD | Licensed Insolvency Trustees, Bankruptcy & Consumer Proposals (mnpdebt.ca)

According to Employment and Social Development Canada, about 700,000 of the four million Canadians who work in the trades are expected to retire by 2028. immigration.ca/canada-cannot-…

Back log of cases and ‘complexity of cases’ is the reported reason for the delays at the LTB. What’s it going to take to get things on track? thespec.com/news/hamilton-…

The CHBA survey found 65% of builders in Q2 2024 plan to build fewer homes as a result of elevated rates. Nearly a third (31%) of builders claim they’ve flat out canceled new developments as a result of rising rates.  betterdwelling.com/most-canadian-…

New ‘bold’ mortgage reforms include 30 year amortizations for everybody and increasing insured mortgages to $1.5 million (reducing the 20% down payment requirement for homes between $1m to $1.5m) canada.ca/en/department-…

Tread carefully when selling a home that has been used as an STR. The sale price is subject to HST, according to this court case. pallettvalo.com/articles/tax-c…

Completion can happen anytime on the day of closing - it’s important that the seller has vacated before that occurs. There is a reference to 6pm in the APS & many think that’s when the seller has until to vacate. However, point 2 in the APS, clearly states no later than 6pm.

Another program to assist Canadian homeowners to dive deeper into debt in order to increase housing supply? Or do you think this will have a meaningful impact overall? canada.ca/en/department-…

The OECD cuts global growth forecasts, warning trade wars could shrink GDP. A 10% tariff hike would hit Canada, the U.S., and Mexico hardest. No winners—just losses.