The Condo Conundrum: Ottawa vs. The Rest of Canada
Roch St-Georges 4 months ago

Ottawa's Condo Market Landscape

When you're dipping your toes into the Canadian condo market, it's like opening a box of assorted chocolates - you'll find a variety of options, each with its own flavor. In the heart of Canada, Ottawa's condo market presents a unique taste. It's a buzzing scene, but how does the Ottawa condo market compare to other Canadian cities like Toronto, Vancouver, and Montreal?

Firstly, Ottawa, known for its political stature and tranquil lifestyle, offers a different pac...
Sharp Drop in Sales for Toronto and the GTA
Roch St-Georges 6 years ago

Following announcements from Kathleen Wynne and the provincial government in the last weeks, the Toronto real estate market has already seen homes prices cooling since their highs in April of this year. Year over year home prices are still up more than 15% but some experts say this cooling of the market is only temporary and that the real estate market should pick up again in a few months.

This is a great opportunity for some buyers who were kept out of the market in Toronto's red-hot market. T...
Cooling Down the Hot Ontario Real Estate Market?
Roch St-Georges 6 years ago

It's no news that Ontario home prices are soaring at rapid speed. With homes in Toronto averaging 1.2 million the Ontario Premier will be introducing a 15% non-resident tax that is hoping to slow down the heated real estate market. Foreign investors make up about 5% of the current buyers. This new 15% tax on foreign investors is modelled on BC's similar tax in Vancouver. Wynne's new tax would affect sales around the Greater Toronto Area and not areas surrounding the Nation's Capital.

The real e...
New Listings Coming to the Market
Roch St-Georges 7 years ago

You are in the market for a new home or condo this Spring? The latest Canadian Real Estate Association report is in and newly listed homes rose 4.8% in February 2017 led by the Greater Toronto Area and nearby areas.

The GTA is one of the few cities in which newly listed homes rose after a sharp drop in January 2017. More than one third of all housing markets saw a decline in new listings from the previous month.

Across the country in the Greater Vancouver region new listings fell nearby 25% fr...
Average Home Price in Canada Crosses the $500,000 Mark
Roch St-Georges 7 years ago

The numbers for February's house sales are in and are showing an increase in the average home price across Canada. The average price of a residential property has crossed the $500,000 mark in February 2017.

The price increase was driven largely by the Greater Toronto Area and surroundings as current supply cannot keep up with demand. The Canadian Real Estate Association president Cliff Iverson says the competition between buyers is less of a problems in other major Canadian cities.

The average...
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