Tag: ontario
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Here’s What $1M Homes Look Like Across Canada
Although $1 million may fall below the average home price in major Canadian real estate markets such as Toronto and Vancouver, this budget can offer an exceptional range of properties in many other cities across the country. From coast to coast, a $1 million budget can provide access to a diverse selection of properties, such…
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Toronto city council has officially approved Olivia Chow’s 9.5% property tax hike
’80 cents extra a day, folks can afford it,’ Chow told reporters Wednesday In a landmark decision that marks the city’s largest property tax increase in over a quarter of a century, the Toronto City Council has greenlit a significant hike in property taxes, coupled with a $20 million boost to the police budget. This…
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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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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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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
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$350/month rent gets you a single bed in the middle of a kitchen in Brampton
Rent prices in and around Toronto and the GTA have experienced some fluctuations in recent months. While affordability for residents may not have significantly improved, there have been some unique options popping up to save money. A recent listing in Brampton has been gaining attention, offering a room at the modest price of $350. This…
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How much it costs to rent a 1 bedroom condo across Canada right now
In Canada, the cost of renting one-bedroom apartments varies widely from busy cities to quieter suburbs. This analysis examines these diverse rental prices across provinces and cities, giving potential tenants insights into housing affordability and options available across Canada. Here is the average cost monthly to rent a one bedroom in each city: Rentals in…
Canada Housing Market 