Category Archives: Real Estate

Sold house prices in Toronto

With Mongohouse shut down due to ongoing dispute with the Toronto Real Estate Board, there are some alternatives to get sold listings data. You have to register to view sold prices.  

Canada’s largest real estate board sues listings website for $2M

The Toronto Real Estate Board is suing property listings website Mongohouse for $2 million, alleging that the anonymously-run page is illegally accessing, copying and distributing proprietary data. The board, which is the largest in Canada and represents more than 50,000 realtors across the Greater Toronto Area, filed the lawsuit last month in Federal Court asking […]

Average Canadian house sold for $481,500 last month

July marked the first time this year that average house prices eked out an annual increase, the Canadian Real Estate Association said Wednesday, as the impact of tougher mortgage rules implemented earlier this year is starting to wane. “This year’s new stress test on mortgage applicants continues to weigh on home sales, but its effect […]

Condo Speculators In Toronto and Vancouver A Risk To Economy

In its financial system review released last week, the Bank noted that the housing markets in many Canadian cities have reversed themselves. After years of single-family homes rising in price faster than condos, condo prices are now rising rapidly even as the detached home market cools. “This greater activity — even as carrying costs (including […]

Home renovation spending drops to 5-year low in Canada

The amount Canadians spent renovating their homes has dropped to a five-year low this year, according to a CIBC report. The study, released Thursday, found that renovation spending is down five per cent to an average of $11,000 per planned spend in 2018. The study found that 45 per cent of Canadian homeowners planned to […]

Parents go to court to kick out 30 year old son from home

The parents of a 30-year-old man have resorted to drastic measures in an effort to get their son to fly the coop: they are suing him. Court documents say Michael Rotondo does not pay rent or help with chores, and has ignored his parents’ offers of money to get him settled. Despite doling out five […]

Rent in the Canadian housing market has become dangerously high

The common wisdom is that households should only spend 30 per cent of their income on rent in order to stay financially stable, but that’s becoming less and less possible for many Canadians. In fact, according to the 2018 Canadian Rental Housing Index, nearly half of Canadian renters are spending more than that recommended 30 […]

Montreal is next hot housing market in Canada

An economic revival in Canada’s second-biggest city is fueling a real-estate renaissance, speeding up sales, shrinking inventories, and luring foreign buyers. More stringent lending rules have curbed transactions and slowed price growth in Toronto but have had little effect on Montreal, where buyers are flocking to new condos and sellers are gaining the upper hand. […]