Hello, everyone. I provide you with Canada’s news headlines for real estate news for today.
Canada moves to pop Toronto housing bubble
According to ET Realty,
Canada’s Ontario province announced new rent controls and a 15-percent tax on home purchases by non-resident foreigners on Thursday to try to cool a searing hot Toronto-area real estate market.
They are among 16 measures targeting real estate speculation and affordability concerns in the city and surrounding communities that are home to about 10 million people, or nearly a third of Canada’s population.
The detail is here.
Real estate practice of ‘double-ending’ under scrutiny in Ontario
According to CBC News,
The Ontario government’s newly announced Fair Housing Plan includes a commitment to review the rules governing real estate agents, including a practice known as double-ending in which one agent represents both the buyer and the seller.
Double-ended sales mean more commission for the realtor and can potentially block competing offers.
The detail is here.
Hot Toronto housing market driving prices up in small town Ontario
According to CBC News,
Toronto’s overheated real estate market has dominated news coverage in recent months, but what has received less attention is the ripple effect it’s having beyond the Greater Toronto Area.
The detail is here.
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Jethro Seymour, Toronto Real Estate Broker, Looking For Best Leaside Real Estate Listings? Contact Me!
Also published on Medium.
