Buyers can cancel property sale over misleading information
Is a seller required to be truthful in disclosing to a buyer that a house was built on potentially toxic landfill? That was the issue in a case decided last month in eastern Ontario. Read More.
Toronto real estate market headed for 'soft landing': CMHC
Growth in house prices is expected to “flatline” in Toronto in the coming months, but first-time homebuyers may still find themselves priced out of the market. Read More.
Real estate industry says province may let cities levy Toronto-style land transfer taxes
Ontario’s real estate lobby group is warning home buyers that the provincial government may allow cities outside of Toronto to levy their own land transfer taxes, despite the province’s assurance that no decision has been made. Read More.
One of Toronto's narrowest homes up for sale
For $750,000, you can buy a three-story detached house in downtown Toronto, but there’s a small issue — it’s just eight-feet wide. The home, located at 383 Shuter St. in Regent Park, is one of the narrowest dwellings in Toronto with the walls brushing against the property lines. Read More.
RBC downplays chance of housing market crash
RBC Economics is shrugging off the prospects of a crash in the Canadian housing market even as some market watchers warn overvalued home prices could spell disaster for homeowners. Read More.
Real estate market in Toronto shows no sign of cooling
Sales of high-end houses helped to keep the average price of a detached Toronto house at well over $1 million in June, the Toronto Real Estate Board says. Read More.
Electronic signatures legal in real estate deals staring July 1, 2015
Next week marks a sea change in Ontario real property law when it becomes legal to electronically sign agreements of purchase and sale, as well as deeds and mortgages creating or transferring ownership in land. Read More.
Closure of online brokerage Zoocasa sparks debate about real estate data
An online real estate brokerage known for its daily emails containing data on the selling prices of homes has shut down, several months after bowing to pressure from the Toronto Real Estate board to stop publishing the contentious data. Read More.
It’s high times in a hot Toronto real estate market
The late start to Toronto’s spring real estate market appears to have pushed the selling season further toward the summer.
This week, 31 Summerhill Gardens sold for $1.845-million. The house, which was featured in this column last week, belongs to Matthew Teitelbaum and Susan Cohen. Mr. Teitelbaum is the departing director of the Art Gallery of Ontario and the couple put their family home on the market after Mr. Teitelbaum announced he’s moving to a new post at Boston’s Museum of Fine Arts. Read more.
Toronto home sales soar to fresh record in real estate’s hottest month of year
Toronto home sales rose 17% in April from the year before, carving out a new record of hot sales for one of the hottest months of the year in real estate. Read More.
Why Toronto is 'hottest' city in the world for real estate for the ultra-rich
Toronto was the “hottest” city in the world last year among the growing number of rich and not-always famous scouring the planet for luxury real estate. Read More.