Category: Uncategorized
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You can buy an entire ski resort 1 hour outside of Toronto for $2.5M
If the $1.7 million price tag for an average detached home in Toronto doesn’t quite hit the mark, why not consider adding an extra $800k for something truly unique—a former ski resort just over an hour north of the city. Nestled at the end of a quiet country road near Orangeville, Ontario, this 75-acre property,…
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Buying vs. Renting in Ontario: What Makes More Financial Sense in 2024?
As Ontario’s real estate market continues to evolve, the age-old question of whether to buy or rent has never been more relevant. With property prices fluctuating and interest rates affecting mortgage affordability, the decision between buying and renting can have significant financial implications. To help navigate this complex decision, we’ve gathered insights from financial planners…
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Ontario introduces new planning rules to create a “long-term building boom”
The Ontario government has announced new planning rules to address the province’s housing shortage, aiming to spur a “long-term building boom.” Housing Minister Paul Calandra introduced the new provincial planning statement at the Association of Municipalities of Ontario conference, emphasizing the need for a consistent approach to urban planning across the province. The goal is…
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Ontario Cottage Owned by Royal Family Member Listed for $10.5M
A stunning cottage owned by a relative of Princess Diana has just been listed on the real estate market — not in the U.K., but right here in Ontario. The luxurious 3+2-bedroom, five-bathroom property, more akin to a designer vacation home than a rustic cabin, is priced at an impressive $10.5 million. This price reflects…
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New report finds that the average Canadian family spends more money on taxes than basic necessities.
The latest edition of the Canadian Consumer Tax Index highlights a concerning trend: the tax burden on Canadian families has surged dramatically, with a staggering 2,705% increase in total taxes from 1961 to 2023. This rise is stark when compared to other essential expenditures such as shelter, food, and clothing, which have increased by 2,006%,…
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Ontario Listings of the Week- Friday, July 26, 2024
Welcome to our weekly roundup of Ontario’s top listings! Every week, we feature the best properties across the province, from cozy condos in the city to multi-million dollar mansions with the backyard of your dreams. See below to discover your future home or browse to stay on top of the current market. Here are the…
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Bank of Canada’s Rate Cut: Limited Impact on Real Estate Market
On July 24, 2024, the Bank of Canada lowered its key interest rate by a quarter percentage point to 4.5%. While this move is intended to combat inflation and stimulate economic growth, experts suggest that its immediate impact on the real estate market will be limited. Modest Rate Cut and Market Expectations John Lusink, President…
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Bank of Canada Lowers Key Interest Rate to 4.5%
The Bank of Canada announced a cut to its key interest rate this morning, reducing it by a quarter percentage point to 4.5%. This marks the second consecutive rate cut as the central bank responds to easing inflationary pressures and a weakening economic outlook. Bank of Canada Governor Tiff Macklem made the announcement during a…
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Bank of Canada Expected to Cut Rates This Week, Experts Say
The Bank of Canada will announce its latest interest rate decision this Wednesday, with many experts predicting a second consecutive reduction in borrowing costs. Economic Signals and Market Predictions Anticipation is high as the central bank prepares to make its decision, especially with new surveys indicating that many Canadians burdened by debt are hoping for…
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Here’s what you can get for $500k in Ontario vs Texas
When it comes to real estate, $500,000 can buy you very different homes depending on where you’re looking. In this guide, we’re comparing what you can get for that budget in Canada and Texas. From a town house in Oshawa to a 3000sqft home with a pool in Houston, we’ll show you how much your…
Canada Housing Market 