Housing affordability and supply issues may affect Canadian homebuyers and sellers directly, but they may also have indirect effects on the real estate market and the overall economy. The contribution of the contribution of the Real Estate, Rental, and Leasing (RERL) industry to Canada’s Gross Domestic Product (GDP) has increased significantly over the past twenty…
Rent increases can be a contentious issue for both landlords and tenants in Ontario. As a tenant, sudden and unreasonable rent hikes can cause financial strain and uncertainty. At the same time, as a landlord, failing to earn a fair return on investment can jeopardize the viability of a rental property. Fortunately, Ontario’s rent increase…
Canadian Real estate has shown a downward trough in home sales and average prices across the country after the drastic peak seen in pandemic years 2020, 2021 and the nation wide strengthening of monetary policy since March 2022.Ontario, being one of the most economically vulnerable provinces of the real estate market, has experienced some of…
Vaughan Condo Statistics In Vaughan, the average housing price was around $1.29M in July 2022. That’s less than 0.9% or approximately $12,111 from June 2022 but high up to 2.9% if we have a look at prices in July 2021, this price was $36,756. Condos are one of the most affordable and versatile construction…
Toronto Condo Statistics Toronto, like other Canadian cities, has different construction styles including semi-detached houses, detached homes, townhouses, condominiums, and many others. Among these condominiums are the most important ones. Recently, in the Greater Toronto Area, there are more than twenty-seven hundred registered condominiums. The average price of condos is around $772,038 for a…
Burlington Condo Statistics In Burlington, an average price of a condominium was around $581,000 in December, a decline of 16.5 percent & the per-square-foot cost was about $644, a decline of 8.5 percent as compared to 2021. There was a decline of 9.7 percent in sales. There were forty days on the real estate market…
Canadian laws and regulations on casinos and gambling differ at the federal and provincial levels. These laws guide the establishment of casinos and participation in betting activities. The criminal code of Canada states that betting activities are illegal. At the federal level, it is unlawful to establish a betting house. Underground gambling centers or…
Research and Data published by the Canadian Real Estate Board suggest that Real Estate market and casinos can be described as closely connected because of the tendency of betting activities to draw both residents and tourists to a specific area. The Gambling laws in Canada In Canada, federal laws state that betting activities are…
Toronto is a city located in Ontario, Canada. Different construction styles are available for sale in the different areas of the city. Houses here are also very affordable and easily available as well. Despite continued real estate market transition to the higher borrowing cost environment, average housing selling cost in Greater Toronto Area (GTA) sought…
Here you are going to have a look at the summary of real estate statistics of Toronto, Ontario, Canada. This data is represented by TRREB MLS Statistics. In December, the activity of the market of homeowners is constantly to be influenced by the effect of the higher borrowing costs on the house affordability. Sales…
