News and Information
Landlord and Tenant Bill Passes
The Ontario government has passed Bill 184, Protecting Tenants and Strengthening Community Housing Act, 2020 into law as a way to provide stability to the province's rental market by increasing fines for unlawful evictions, and reinforcing the necessity for landlords...
Current State of Housing Markets in Canada
On Monday, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of May—the second full month of the COVID-19 pandemic. While restrictions have begun to lift in many parts of the country, much remains uncertain about the...
Southern comfort
Originally posted on Canadian Real Estate Magazine by Alain Forget With the high cost of owning property in any major city or vacation destination in Canada, the US real estate market continues to offer a tempting alternative for buyers seeking a second property....
Scotiabank, CIBC: Unemployment to remain elevated, reduce purchasing power
Originally posted on Canadian Real Estate Magazine by Ephraim Vecina Canadian purchasing power is likely to worsen amid the sustained impact of the COVID-19 pandemic on the labour market, according to the nation’s largest banks. The Bank of Nova Scotia is predicting...
Toronto landlords over-leveraged and at high risk – RE/MAX
Originally posted on Canadian Real Estate Magazine by Ephraim Vecina Toronto’s rental property owners are gradually losing hope as the COVID-19 pandemic drags on, according to a new market analysis by RE/MAX. A significant contributor to the gloom is the...