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 […]
GTA real estate market generated strong June, 2016 sales
TREB president Larry Cerqua In Toronto real estate, Mr. Larry Cerqua, the new President of the Toronto Real Estate Board says that he is excited at a very interesting time in the home ownership market. Demand for ownership housing continues to be at a record high, while the supply of listings continues to be […]
Walk in the woods can help young people with mental health issues
In Toronto health post, a walk in the woods is good for the soul. For many, it may even improve mental health. That’s the premise of the Mood Walks program being offered by forty different agencies across the province, including Rouge Valley Health System and Parks Canada. The program is meant for young people with mental illnesses, […]
