Ontario Real Estate Archives - Better Dwelling

Ontario Real Estate Industry Wants Student Loan Forgiveness…For Downpayments

Stephen Punwasi — Wed, 20 Sep 2023 20:45:35 +0000

Canadians looking for student loan relief have a new ally—Ontario’s real estate industry. The Ontario Real Estate Association (OREA), a trade organization representing 90,000 Realtors, released a new report called The ˆImpact of Student Loan Debt On Homeownership. Many students feel their loans are yet another hurdle to ownership, and the organization has a few […]

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It’s Not Just Toronto—Most of Ontario’s Condos Are Investor Owned

Stephen Punwasi — Thu, 09 Feb 2023 20:16:46 +0000

Ontario real estate is dominated by investors, and this didn’t happen overnight. Statistics Canada (Stat Can) data confirmed investor-ownership using 2020 tax data. Diving into the numbers, we found that most of Ontario’s new condos (2016 or later) are owned by investors. It’s not just big cities like Toronto or Hamilton either, most new condo […]

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Alberta Is Calling? Ontario Residents Are Fleeing The Province In Record Numbers

Daniel Wong — Thu, 29 Sep 2022 15:08:11 +0000

Ontario’s astronomical cost of living has residents fleeing by the tens of thousands. Statistics Canada (Stat Can) data shows interprovincial migration soar in Q2 2022. Ontario’s talent is fleeing to more affordable regions like Alberta and Nova Scotia. It’s so bad, a Big Six bank warned investors that immigration is having a harder time filling […]

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Ontario Consumer Insolvencies Jump Higher With The Lion’s Share In Toronto

Kaitlin Last — Fri, 05 Aug 2022 18:30:17 +0000

Canada’s debt problem hit the pause button on consequences for the past couple years, but it’s back. Office of the Superintendent of Bankruptcy Canada (OSB) data shows a sharp uptick for consumer insolvencies in Q2 2022. The province’s biggest cities carried most of the growth, even making up for the drops seen in some smaller […]

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Ontario’s Small Towns Are Booming While Toronto Struggles To Recover

Stephen Punwasi — Wed, 03 Aug 2022 20:04:45 +0000

The flight from cities like Toronto was supposed to be temporary, but it might not be. Despite armies of Toronto real estate agents claiming on social media that people are returning, that doesn’t seem to be the case in July data. Using Google mobile traffic, we found Toronto workplaces have a third less traffic than […]

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Ontario Just Approved The Largest Rent Hikes In A Decade, Further Entrenching Inflation

Daniel Wong — Thu, 30 Jun 2022 03:05:24 +0000

Ontario is about to experience more real estate pressures in the form of higher rents. The Government of Ontario released its annual rent guideline for 2023. This guideline covers the maximum increase most tenants can experience in the year. With inflation at a 40-year high, it’s hardly surprising to see the guideline at a decade […]

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Ontario Real Estate Prices Have Surged Up To 111% Since 2020

Kaitlin Last — Mon, 02 May 2022 20:08:48 +0000

Ontario real estate has grown so fast, the rest of Canada’s housing bubble looks tame. Canadian Real Estate Association (CREA) data shows major markets saw prices rise at least 60% since 2020. Some housing markets have even seen prices more than double in just over two years. Ontario’s Top Real Estate Markets Have Seen Prices […]

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Ontario’s Plan To Build 1.5 Million Homes Isn’t Possible, After Peak Demand: BMO

Stephen Punwasi — Thu, 10 Feb 2022 19:05:35 +0000

A prominent skeptic of Ontario’s ambitious housing plan has emerged — Canada’s oldest bank. The province’s Housing Affordability Task Force released a plan to build 1.5 million homes over 10 years. BMO senior economist Robert Kavcic dumped a bucket of cold water on the plan. Not only does the bank say it doesn’t make sense, […]

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Toronto Real Estate Is On Fire, But It’s Also Ontario’s Worst Performing Market

Kaitlin Last — Fri, 31 Dec 2021 02:20:49 +0000

Toronto real estate prices are some of the fastest growing of any global hub, but it might seem slow at home. Canadian Real Estate Association (CREA) data shows Toronto is the slowest growing market in Ontario. Small cities are growing up to 3x faster, closing the gap between the county’s economic engine. Toronto Real Estate […]

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Canada’s Largest Real Estate Regulator Is Eliminating “Customers,” and It’s A Big Deal

Stephen Punwasi — Sat, 11 Dec 2021 01:04:38 +0000

Canada’s largest provincial real estate market is about to become more transparent. The Real Estate Council of Ontario (RECO) is looking for feedback on proposed rule changes. The proposal is to create more transparency, and includes allowing multiple-bid disclosure. Multiple bids get the most attention, but a less-known change is a bigger deal — eliminating […]

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