2022 Toronto Income Property Market Wrap-up – January to December
An in-depth analysis of sales data in key Toronto neighboorhoods before and after the interest rate increases
An in-depth analysis of sales data in key Toronto neighboorhoods before and after the interest rate increases
In this issue: Foreign Buyers Moratorium, Ford & Tory’s New Housing Initiatives & 2022 Toronto Income Property Market Wrap-up
Provincial & Municipal Governments adopt aggressive new policies to stimulate housing growth
Ottawa creates a 2 year program to try and stem the tide of out-of-country buyers
Spectacular total custom renovation in prime Leslieville, steps to Queen Street shops and transportation.
In This Issue: 91 Woodfield Rd. Luxury Triplex, Garden Suites A Go Again in Toronto & 2022 Toronto Income Property Market Wrap-up (Jan to Jun)
As we have just passed the midway point of the year, it is interesting to look at key areas of the city and see how the income property market has been performing so far this year. As the market turns away from favoring Sellers, we expect these numbers to decline in the second half of…
Recently the Ontario Land Tribunal dismissed an appeal from a handful of Toronto neighbourhood associations that had temporarily put on hold the garden suites program brought in by the City of Toronto back on February 2nd. This program, along with the laneway housing initiative, was introduced to try and help the current housing shortage in…
In this issue: Federal Budget 2022 Addresses Housing Concerns, Some Toronto Residents Against Garden Suite Program & Second Suite Bylaw Information
Adding a second unit in your principal residence is a great way to provide independent living space for a family member or make a little extra money to help pay off the mortgage. There are many things you need to consider as you decide whether to build a second unit. You are permitted to add…
In my last newsletter I wrote about how Toronto City Council has announced a program to allow residents to build garden suites on residential properties in the city. This measure was enacted to help with the current housing crisis, thereby bringing more potential dwelling units to market. Just to reiterate, a garden suite is defined…
The recently released federal budget has addressed several housing issues that have been plaguing Canadians from coast to coast. Here’s a summary of the initiatives intended to make owning a house in Canada more accessible and affordable: 1. Budget 2022 proposes to introduce the Tax-Free First Home Savings Account that would give prospective first-time home…