The Ontario government is bringing forward new regulations, set to take effect next year, that would allow home buyers to see all competing offer prices — but only if the seller agrees. The new open bidding option would begin next April, the province confirmed. Under...
Tim Hudak CEO of OREA speaks about the latest federal budget as it relates to housing and gives his take on the foreign buyer's tax, banning foreign buyers, and increasing the housing supply.Click here to listen.
The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 141 units in March 2022. This was down sharply by 25.4% from March 2021. Home sales were 11.7% above the five-year average and 17.6% above the 10-year average for...
Housing affordability is going to be a main feature of tomorrow’s federal budget, CTV News has learned, including moving to make it illegal for foreigners to buy any residential properties in Canada for the next two years. The government is set to follow through on a...
Cornwall, Ontario stands out as a rare example of a city that by and large has always allowed a diversity of housing types to be built within the majority of its residentially zoned land. What can other cities learn from Cornwall, and how should its tangible example...
Premier Doug Ford spoke at the Ontario Real Estate Association conference last week regarding the act, and former OREA president Ray Ferris was in attendance.Click here to listen.
Ontario is increasing a tax on non-resident homebuyers to 20 per cent and expanding it to cover the whole province. The government said the changes set to take effect Wednesday are part of its action plan on housing. "Our government is working to increase supply and...
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations in 2022 and extended the forecast into 2023.Click here to read.