A large number of young adults are delaying homeownership in the province, citing student debt as the “primary reason” for postponing this milestone, a new poll by the Ontario Real Estate Association (OREA) suggests. "Student debt is not merely a financial burden;...
Just days after Canada Mortgage and Housing Corporation warned of a dire housing shortage, the Canadian federal government announced it would remove the Goods and Services Tax (GST) on the construction of new apartment buildings for renters. To build more rental...
Ontario is experiencing an unprecedented housing affordability and supply crisis, one that is occurring during country-wide inflation, while cost-of-living is also rising rapidly. This is why we need all levels of government to step up and champion pro-housing...
On Tuesday, August 15, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of July 2023. Below, CREA’s Senior Economist Shaun Cathcart provides an update on the current state of housing markets in Canada and explains what...
As blowback for the Greenbelt land swap rages on, Premier Doug Ford announced a new $1.2B incentive program to get municipalities to build more homes. Ford announced the new program, dubbed the Building Faster Fund, during his speech at the Association of...
The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 101 units in July 2023. This was down sharply by 17.2% from July 2022. Home sales were 28.4% below the five-year average and 25.6% below the 10-year average for the...
Prime Minister Justin Trudeau shuffled his cabinet on Wednesday, moving Immigration Minister Sean Fraser into the role of Minister of Housing, Infrastructure and Communities. Ahmed Hussen, who held the role since 2021 and faced criticism for his handling of the...
In a rapidly evolving real estate market, search portals play a crucial role in connecting buyers and sellers with the properties they desire. Realtor.ca, the preeminent brand in Canada, has earned a reputation for providing reliable and trusted data to consumers. To...
The Government of Ontario is sending controversial Bill 97 on its way to receive royal ascent. During Monday’s legislative session, the bill, dubbed the Helping Homebuyers, Protecting Tenants Act, was carried amid pushback from Ontario municipalities and residents...
When a family buys a newly-built home from a big, sophisticated developer, it can be an intimidating experience. The home isn’t finished, so the buyer is relying on an artist’s sketches and a perfectly decorated showroom. But there’s pressure to buy now, committing to...