Category: Uncategorized
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A new report has identified the Ontario cities where home prices have fallen the most
In the latest real estate market update, Ontario homeowners, particularly in Burlington, are experiencing a notable downturn in property values, making Burlington the most affected city in comparison to other Canadian locales over the previous year. This trend is highlighted in the recent Point2Homes report which analyzed condo and single-family home prices across Canada’s largest…
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Here’s your chance to buy a hotel and male strip club in Etobicoke for $12.6M
Have you dreamed of owning your own male strip club and hotel in Toronto? Well here’s your chance! Priced at $12.6 million, this property combines a boutique hotel and five retail units, promising investors a chance to earn nearly $800k in rental income annually. This complex isn’t just any investment—it’s a diverse venture in one of…
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This 1+1 bedroom home just sold for $846,000 in Toronto and everyone is freaking out
A recent property sale in Toronto has left residents questioning the state of the city’s housing market. Despite selling for less than its asking price and significantly below $1 million—a rarity for a detached home in Toronto—the size of the house has ignited discussions on the steep prices in the real estate market. The home,…
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You can buy an entire apartment building in the desirable Port Credit, Mississauga for $3.6M
There’s a special investment opportunity waiting in Port Credit at 314 Lakeshore Rd. W. This property is different from others because it has eight empty apartments. This means new owners can decide how much rent to charge based on what people are paying now, which could lead to making more money. The building combines old-time…
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Canada extends the ban on foreign home buyers to 2027 amid housing affordability crisis
The Canadian government has recently announced an extension of the foreign ownership ban on residential properties, a move aimed at addressing the country’s escalating housing crisis. Initially implemented on January 1, 2023, this ban prevents foreign businesses and individuals from buying homes in Canada. Originally set to expire on January 1, 2025, the ban is…
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Here’s how much Canadian home prices have changed in the last decade
Canada’s real estate market, particularly in Toronto, has witnessed a tumultuous decade, marked by an unusual combination of dwindling sales, fluctuating prices, and persistent overvaluation. Despite these challenges, home prices have continued their steep ascent, defying expectations and economic pressures. A recent report by Zoocasa offers a comprehensive look at this phenomenon, especially focusing on…
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New website lets you search bad tenants and landlords in Ontario
In the dynamic Ontario rental market, making well-informed decisions has become crucial for both landlords and tenants. Addressing this need, Openroom, a pioneering platform, offers a unique registry that allows users to access court orders and make informed choices before signing rental agreements. This innovative tool is reshaping the rental landscape in Ontario, providing unprecedented…
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Leon’s Furniture Unveils Plans for a 4,000-Unit Residential Development in North York
Leon’s Furniture, with a long history of over 100 years in Ontario’s home furnishings industry, is ready to make big changes in the Toronto real estate market. The company recently announced its groundbreaking entry into residential development, planning to introduce approximately 4,000 new homes in North York, Toronto. Transforming North York with New Housing This…
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Ontario’s TV renovation celebrity Mike Holmes under fire for promoting unliveable developments
Famed contractor and TV personality Mike Holmes is under scrutiny for his ties to a Meaford-based boutique residential community, TerraceWood, facing the demolition of multiple homes due to poor construction. Holmes, a 60-year-old Ontario native, endorsed the development, which prominently featured his image in advertisements. However, residents soon discovered that the “Mike Holmes-approved homes” were…
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Income Needed To Get A Mortgage In Canada
Are you considering buying a home in Canada? Wondering how much income you need to secure that mortgage? Look no further! Ratehub.com launched their newest report and here is the average income needed to get a mortgage in Canada: Graph by Nesto.ca Source: Income Needed To Get A Mortgage In Canada – nesto.ca
Canada Housing Market 