The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 86 units in March 2023, declining 25.2% from March 2022. Home sales were 21.2% below the five-year average and 19.9% below the 10-year average for the month of...
Ontario is proposing to allow municipalities to expand their settlement boundaries more quickly and easily in order to open up more land for housing.Click here to read more.
The Ontario government is seeking public input on a new cooling-off period for buyers of new freehold homes, a move it says would provide greater protections for consumers in the province’s housing market…The Ontario Real Estate Association (OREA) supports the...
When the Prohibition on the Purchase of Residential Property by Non-Canadians Act — aka the foreign buyer ban — came into effect on January 1, the real estate industry’s efforts to get it amended had already begun. Many in the industry were unhappy that the Government...
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The housing affordability crisis is a problem across Canada, but it is one that is disproportionately affecting BIPOC and LGBTQ2S+ communities who experience higher barriers to housing attainment. The Ontario Real Estate Association (OREA) has repeatedly called on all...
The Canadian government has announced amendments to the regulations surrounding the country’s foreign homebuyer ban. The Prohibition on the Purchase of Residential Property by Non-Canadians Act came into effect on Jan.1, as an attempt, the government said previously,...
The rollout of the next stage of Ontario’s Trust in Real Estate Services Act (TRESA) is facing delays. The second phase of TRESA, intended to replace the decades-old Real Estate and Business Brokers Act (REBBA), was scheduled to take effect on Apr. 1. It introduces...
Ontario's Spring Budget continues to build on the Provincial Government’s mission to create economically thriving and vibrant communities across the province and invest in infrastructure for future growth. Specifically, the budget prioritizes mental health funding,...