Market update week ending October 25th

25 October 2024
Eileen Wylie

Homeowners who regularly rent on Airbnb and other sites must pay 13% tax on the property value when they sell. Homeowners who routinely rent on Airbnb or similar platforms are now required to pay a 13% tax on the property’s value upon sale.


Market update week ending October 18th

18 October 2024
Eileen Wylie

Ontario home sales are expected to jump by almost 10 per cent next year. Ontario home sales are projected to rise by nearly 10% in 2025, driven by pent-up demand from buyers awaiting further interest rate cuts. This could lead to significant momentum starting in the spring or summer of next year.


Market update week ending October 11th

16 October 2024
Eileen Wylie

An influx of real estate activity is forecasted for the first half of 2025. A surge in demand for homes is anticipated as many potential buyers wait for mortgage rates to drop further, according to a recent TD Economics report.


Market update week ending October 4th

07 October 2024
Eileen Wylie

The buyers are back: Toronto home sales jump in September. A true market rebound is likely still a ways off, but signs of life were detected in the GTA housing market this September, according to the Toronto Regional Real Estate Board’s (TRREB’s) latest Market Watch report.


Market update week ending September 27th

27 September 2024
Eileen Wylie

Mortgage stress test requirement has been lifted for renewing borrowers who change lenders.