New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery continued to gain momentum despite the challenges of high prices and tight inventories.
Top Toronto condo developer warns tax on foreign buyers could trigger recession
Taxing foreign home buyers in the skyrocketing Toronto real estate market could trigger a national recession, according to one of the city’s most prominent condo developers.
New budget details $11.2B in affordable housing
Of that money, which comes from the government's social infrastructure fund, $5 billion will be to encourage housing providers to pool their resources with private partners, and to allow the Canada Mortgage and Housing Corporation to provide more direct loans to cities.
Chestnut Park Real Estate broker Justine Deluce joins Business Day to discuss the trend and prevalence of off-market transactions in the Toronto housing market.
'Unprecedented uncertainty' in high-end housing market: Sotheby's
Recent government regulations have created "unprecedented levels of uncertainty" for the high-end home market heading into the key spring buying season, Sotheby's International Realty Canada said in a report released Wednesday.
'Let's not start monkeying around': Money manager scoffs at Ontario’s call to target home flippers
Hiking capital gains taxes in hopes of curbing speculation in the red-hot Toronto housing market is a “terrible idea,” according to a Bay Street money manager.
In an interview with BNN, John Stephenson, the president and chief executive officer of Stephenson & Company, said any discussion of a foreign buyers tax or other intervention to cool the nation’s hot housing markets are made much more difficult given the lack of accurate figures.
A sledgehammer to kill a fly: Homebuilder on capital gains tax hike
Mattamy Homes COO Brian Johnston gives BNN reaction to Ontario's proposal to increase the capital gains tax on the sale of homes not considered principal residences.
Toronto 'housing party' is unsustainable: TD Economics
TD said that homes in the GTA and surrounding area seem to be shifting away from market fundamentals and that without government intervention, or a big move in interest rates, “momentum is likely to keep the Toronto housing party going for at least a few more quarters.”