The Greater Toronto Area housing market continued its downward spiral in July – for the third consecutive month – as sales dropped a whopping 40.4 per cent, reveals the Toronto Real Estate Board.
On April 20th 2017, the provincial government of Ontario introduced new legislation known as the Fair Housing Plan. The new housing affordability measures are primarily focused on assisting renters and home-buyers across the province.
With Canada’s real estate market showing signs of stabilization in various cities, possibly and likely due to policy measures on housing by the Canadian government over the last few years, other cities like major cities; Vancouver and Toronto are still showing signs of increasing home prices for houses, condos and apartment rentals.
Looking to break into the Toronto real estate market, but seek more square footage than the typical condo provides? Given the average house price now tops $1.3 million in the city, according to the Toronto Real Estate Board, you better have a significant nest egg if you dream of detached living.
December 13th 2016 – News Release
Canada’s Largest Real Estate Search Website – RentSeeker.ca released it’s New Updated 2016 Annual Report today showing the;
Average Rent Costs and Vacancy Rates for Apartment Rentals in cities across Canada
With Donald Trump’s amazing victory in the 2016 U.S. Elections, Canada’s immigration website went down due to overwhelming traffic according to The Independent.
RentSeeker.ca – Canada’s largest real estate search website and apartment finder, which provides real estate marketing services for most of Canada’s largest Landlords and REIT’s and also publishes real estate data which is used by economists, journalists, government, and media outlets, published a NEW INFOGRAPHIC today showing…
September 14th 2016 – RentSeeker.ca – Canada’s Leading Real Estate Listing Website and Apartment Finder, published newly updated rental data in what’s become it’s highly popular [INFOGRAPHIC] format, which has become a popular resource for Renters, Landlords, Economists, and Journalists which shows Average Rent Prices for September 2016 with Data Provided for 20 Canadian Cities.
The Government of Ontario has set the 2017 guideline for rent increases to 1.5 per cent.
The guideline, which is set by the Province of Ontario, outlines the maximum percentage by which landlords can increase a tenant’s rent based on the Ontario Consumer Price Index. The guideline is the maximum a landlord can increase most tenants’ rent during a year without the approval of the Landlord and Tenant Board.
Canada’s housing and rental markets continue to be a topic of conversation for real estate experts and economists, journalists and media outlets, government officials and the general public.
While the cost of renting an apartment, condo or house depends on a number of factors – including; size (number of bedrooms), neighbourhood and location, and the age and condition of the property – among other factors, Canada’s leading apartment finder and real estate marketing website, RentSeeker.ca published it’s updated average cost of renting across Ontario for renters and landlords to be able to use as a resource for reference.