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Top 10 Real Estate News Stories From Jan. 20 – Feb. 4, 2018

Our CondoNow experts have narrowed down the top 10 real estate news stories from Jan. 20 – Feb 4, 2018.

From talks of implementing a vacant-home tax in Ontario, to the competitive rental market showing no signs of cooling down, to OREA  seeking feedback on modernizing the Real Estate industry, we’ve cultivated a list of the top 10 stories. Here’s the latest news!

Toronto Real Estate Board Survey Offers More Info On Vacant Homes In The City

A survey from the Toronto Real Estate Board shows that two per cent of homeowners have a second property sitting empty as city staff continue to explore the idea of a vacant-homes tax.
Full Story On MetroNews.ca

The Last Hot Sector of Toronto’s Housing Market is Set To Cool This Year

Condo prices shot up 35% just in the last quarter of the year, but prices and sales will fall, says report.
Full Story On FinancialPost.com

 

 

How Ottawa Has Become a Top Real Estate Market to Watch

Ottawa’s real estate market is one of Canada’s strongest and steadiest.
Full Story on TheGlobeandMail.Com

 

 

Housing Market Still Overvalued In Toronto, Vancouver, Despite Slowdown In Price Growth: CMHC

With prices remaining high relative to salaries and demographics, the housing boom in Canada’s biggest cities leaves the national market vulnerable, CMHC said.

Full Story on FinancialPost.Com

 

Why Real Estate Agents Are More Important Than Ever

Realtors expecting steady growth in sales and prices this year, even as new rules come into play.
Full Story On REMOnline.com

 

 

Multiple Offers Now Common In Toronto Condo Rental Market

A lack of rental units has led to a spike in apartment and rental costs, and experts do not foresee the market cooling any time soon.
Full Story On TheGlobeAndMail.Com

 

 

Tale of Two Markets: 2017 Toronto Condo Demand Soared While Sales of New Single-Family Homes Slumped

It was a year of extremes in Toronto’s new-home market, with pre-construction sales of single-family homes falling 58 per cent in 2017 while new condominium sales soared to a record high.
Full Story On TheGlobeAndMail.Com

 

TREB: 1 In 10 Toronto Homeowners Planning To Sell Real Estate, Will Rent Next

Toronto real estate buyers and sellers may be on two different pages, according to a new survey. A survey conducted by Ipsos, on behalf of the Toronto Real Estate Board (TREB), shows an increasing number of homeowners are preparing to cash in.
Full Story On BetterDwelling.com

 

OREA Seeking Input on Improving Transparency Of Real Estate Industry

The Ontario Real Estate Association is seeking feedback on whether it should push the provincial government into modernizing the real estate industry to make it more transparent.

Full Story on CanadianBusiness.Com

 

Condos, Townhomes in High Demand in Metro Vancouver, Real Estate Board Says

1,818 homes were sold in January — up 19.4 per cent from the same time last year.

Full Story On CBC.Ca

 

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