On January 1st, several new policies impacting buyers, sellers and real estate professionals in Canada were implemented. Here is a breakdown of the new policies, including important details that may affect your business and your clients:   Federal policies Prohibition on the Purchase of Residential Property by Non-Canadians Act (Foreign Buyer Ban) The federal government began prohibiting...Read More

When it comes to lobbying for change at Queen’s Park, nothing happens by chance. It takes years of hard work, smart strategy, excellent research, and many resources. The return on the investment that good government relations can deliver is huge, and the last seven years of advocacy at the Ontario legislature have proven it. In 2016, the OREA Board of Directors decided to become more active...Read More

A "historic" housing correction is now underway in Canada and costlier markets in Ontario and British Columbia are likely to be the "epicentre" of the downturn, a new report from RBC suggests. Greater Toronto Area housing prices soared during the pandemic and were up nearly 36 per cent year-over-year as recently as February. But the Bank of Canada’s ...Read More

Canada’s largest bank sees the country’s real estate bubble popping like no other. Last week we explained RBC is getting ready to revise its forecast lower, and they made it official today. The bank explained to investors the correction will be larger than previously expected. They’re now forecasting the largest downturn in history for both sales and price. No reason to panic tho...Read More

In our current market, with homes as expensive as they are, many people want to save a buck when buying their homes. Beyond just a high purchase price, numerous closing costs can often catch a buyer by surprise. Though you can't change the purchase price much besides what you offer, you may have more control to reduce your closing costs.     One major component of closing cos...Read More

Toronto home sellers need to adjust their expectations, say realtors, as higher interest rates and changing consumer expectations have dampened the market. Real estate agent Leslie Battle has a frank message for sellers who wonder if they missed the Toronto market peak. “Yes you did. I’m sorry, but you did. There’s just no other way to say this.” Real estate agen...Read More

The Best Places to Buy Real Estate in Canada in 2022  Strategies to Sell in Today’s Market This change in the market does not mean that you won’t get a favourable price if you do decide to sell. However, it does mean that many sellers have to shift their strategy following years of having the upper hand in the real estate market. Price Your Home Based on its Actual Value In the p...Read More

  Royal LePage has increased its 2022 forecast following record price gains in the first quarter of 2022. The aggregate price of a home in Canada is expected to be 15% higher in the fourth quarter of this year compared to the end of 2021, following a supercharged start to the year. As we enter the spring market, buyer hopefuls continue to be challenged by tight competition, due to a chronic ...Read More

After a hectic two years, in both real estate and the world at large, we have made it 2022 and it seems we are now entering yet another new phase. Though the world is slowly returning to normal, those paying attention to the real estate market are left wondering – what exactly does “normal” look like? How will things play out following the unprecedented market conditions of the l...Read More

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