ontario News and Articles | My Blog
Cities worry COVID-19 could shatter their budgets
3/27/2020 | Posted in Home Owners by Paul DeAdder
It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More
Metrolinx & GTAA create paths to transit hub
2/25/2020 | Posted in Ontario News by Paul DeAdder
The provincial transit agency and the GTAA (Greater Toronto Airports Authority) have reached an important step in a project that will make getting to and from area airports ... More
The reason behind 40% of Ontarian insolvencies
2/20/2019 | Posted in Ontario News by Paul DeAdder
A recent report reveals desperate measures of indebted consumers in Ontario.
... More
OREA welcomes planned repeal of Green Energy Act
9/21/2018 | Posted in Ontario Real Estate by Paul DeAdder
The Ontario Government is planning to repeal legislation that would require home sellers to obtain a home energy audit before the sale.
... MoreGTA's loss is this region's gain
8/10/2018 | Posted in Ontario Real Estate by Paul DeAdder
Unaffordability isn’t expected to abate in the Greater Toronto Area any time soon, but as more and more people are discovering, there are cheaper places to live slightly ... More
Low likelihood of a serious price correction in Ontario: CMHC
6/14/2018 | Posted in Ontario Real Estate by Paul DeAdder
Current price correction in Ontario housing market does not resemble historical price bust periods according to the latest report from Canada Mortgage and Housing ... More
PCs win Ontario, promise to boost household income
6/8/2018 | Posted in Ontario News by Paul DeAdder
The Progressive Conservative Party has won the Ontario provincial election and there may be some good news ahead for household budgets.
... MoreOntario's curb on foreign buyers appears to have worked
4/26/2018 | Posted in Ontario Real Estate by Paul DeAdder
The impact of the Ontario’s Fair Housing on foreign buyers of the province’s real estate has been revealed by the finance ministry. Finance minister Charles ... More
Condo disputes can now be resolved online
11/8/2017 | Posted in Ontario Real Estate by Paul DeAdder
Ontario's new condo tribunal is accessible but will only mediate and adjudicate one kind of dispute to begin.
... MoreToronto-area new housing starts drop 42 per cent in October
11/8/2017 | Posted in Ontario Real Estate by Paul DeAdder
Canada Mortgage and Housing Corp. said 2,438 new housing units were launched in the Greater Toronto Area in October, a 42-per-cent drop from 4,204 units in the same month last ... More
Ontario, B.C. mull pre-construction condo sales registry amid CRA crackdown
10/31/2017 | Posted in Real Estate News by Paul DeAdder
Ontario and B.C.'s finance ministers say they are open to the idea of a registry of pre- construction condominium sales as the Canada Revenue Agency ramps up efforts to ... More
Ontario needs more than 6,000 new rental units a year says report
9/26/2017 | Posted in Ontario Real Estate by Paul DeAdder
The tight Ontario rental market will worsen without increasing the units available by around 6,250 a year for a decade.
... MoreProvince to unlock additional land for housing
9/13/2017 | Posted in Toronto News by Paul DeAdder
The Ontario government has addressed the province’s housing supply issue by vowing to unlock provincial land for the use of housing.
... MoreOntarians are piling up non-mortgage debt
9/6/2017 | Posted in Financial Health by Paul DeAdder
Debt levels in Ontario are outpacing the other provinces while those in Western Canada are declining – and it’s not just home loans.
... MoreNew eviction rules in effect to protect Ontario tenants
9/1/2017 | Posted in Ontario Real Estate by Paul DeAdder
Ontario tenants will have additional protection from eviction starting Friday, September 1, 2017; when a landlord ends a tenancy to have family members move in, people evicted ... More
Ontario begins rolling out new condo-board regulations
8/1/2017 | Posted in Ontario Real Estate by Paul DeAdder
Names of Ontario condominium directors will be listed in a public database under new regulations unveiled this month, as the province begins to implement a new law to protect ... More
Foreign buyer activity in Ontario housing market about 5 per cent: government
7/5/2017 | Posted in Foreign Buyers by Paul DeAdder
Newly released figures show nearly five per cent of home purchases in Ontario's Greater Golden Horseshoe region were made by non-residents since the Liberal government ... More
Ontario government considers review of preferential condo sales
6/28/2017 | Posted in Ontario News by Paul DeAdder
The Ontario government is considering a review of preferential sales practices for pre-construction condos as part of its wide-ranging reforms of the housing market.
... MoreMore first-home buyers in Ontario delaying their purchases
6/27/2017 | Posted in Ontario Real Estate by Paul DeAdder
More first-home buyers in Ontario appear to be delaying their purchases in the wake of the province’s new policies intended to cool the red-hot housing market. At the ... More
Cottage country shows early immunity to GTA real estate cooling
6/20/2017 | Posted in Recreational Properties by Paul DeAdder
The slowdown in Toronto’s housing market is not reaching cottage country several hours away, where vacation properties are changing hands quickly and prices are still ... More
Ontario regaining status as economic engine for Canada
5/29/2017 | Posted in Ontario News by Paul DeAdder
Canada's big banks are forecasting that Ontario will lead the country in economic growth this year or be within a hair of the top of the pack. Unemployment ... More
Cottage country feels the heat from Toronto's real estate fire
5/21/2017 | Posted in Real Estate Market by Paul DeAdder
The May long weekend is the traditional kick-off to cottage season. But long before the snow melted this spring, equity-rich baby boomers from the city had been turning up the ... More
Ontario moves to toughen oversight of syndicated mortgage investments
4/28/2017 | Posted in Mortgage News by Paul DeAdder
The Ontario government will shift regulation of syndicated mortgage investment products to the Ontario Securities Commission in a move to toughen oversight of a rapidly growing ... More
New Ontario regulations on buyers' citizenship effective today
4/24/2017 | Posted in Ontario Real Estate by Paul DeAdder
Regulatory changes that require home buyers in Ontario to provide complete information on their citizenship and place of residence take effect today.
... MoreOntario to tax foreign buyers, expand rent control
4/20/2017 | Posted in Ontario Real Estate by Paul DeAdder
Ontario plans to help cool a hot housing market by bringing in a 15-per-cent foreign buyer tax, expanding rent control, allowing Toronto to impose a tax on vacant homes and ... More
No measures that could boost demand for housing in Toronto: Morneau
4/19/2017 | Posted in Toronto Real Estate by Paul DeAdder
Three levels of government facing a red-hot housing market in the Greater Toronto Area agreed Tuesday not to introduce any measures that would further boost demand and drive ... More
Ontario considers housing tax for non-resident speculators
4/18/2017 | Posted in Ontario Real Estate by Paul DeAdder
Seeking to tame a roaring housing market in greater Toronto, the Ontario government is considering a speculation tax on home purchases by non-residents according to the The ... More
Cool Toronto's market by cutting tax - not raising it
4/12/2017 | Posted in Toronto Real Estate by Paul DeAdder
Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether?
... MoreSousa promises measures to cool Ontario's overheated housing market
3/28/2017 | Posted in Ontario Real Estate by Paul DeAdder
Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable.
... More