In toronto real estate, Canada Mortgage and Housing Corp. says that there is very limited speculation in the condominium industry in Toronto among builders, a situation unlike the 1980s when the market crashed. In a report out Tuesday, CMHC, the Crown corporation that guides Ottawa on housing policy, noted that 79 per cent of […]
Archives for July 2016
Normal Weight May Not Able To Protect Against Diabetes
In Toronto health, Type 2 diabetes has long been considered a disease of the overweight and obese, but a new study challenges that notion. It finds nearly one in five normal-weight people has prediabetes — a condition that can lead to type 2 diabetes. And in folks over 45, one-third of those at a […]
Renters causing demand for new Toronto highrise construction
In Toronto real estate, a study by real estate consultant Urbanation and obtained by CBC News shows much of Toronto’s high rise construction in 2016 is being fuelled by demand from renters who are either unable or unwilling to pay record prices for real estate. It’s a significant change from the previous decade’s boom, which was spurred primarily by […]
CREA reports Canadian homes sales decline in June, 2016
In Toronto real estate, Canadian home sales declined in June 2016, according to statistics released today by the Canadian Real Estate Association (CREA). Sales activity was down from the previous month in about half of all markets in June, 2016, with declines in Greater Vancouver, the Fraser Valley and Greater Toronto having eclipsed gains in comparatively less active […]
Principal Residence Exemption and how to claim it
WHAT TO DO 1. In Toronto real estate, Jessica Bruno says that if your client has more than one property and is planning to sell one, check if it’s tax-efficient to designate the home as the principal residence. › Ensure it meets CRA’s principal residence criteria (see Principal residence exemption criteria, below). If your […]