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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com





News
29 March 2017

Ontario will replace Tarion by a new regulator for province’s home builders

The Ontario government decided to appoint a separate regulator to control the local home builders.

According to the Minister of Government and Consumer Services Tracy MacCharles, this change will deprive the Tarion Warrant Corp., which has been managing all the aspects of this sector for 40 years, of all its responsibilities.

Now Tarion is responsible both for controlling builders and for the province’s new home warranties. However, the system seems to face a conflict of interest.

MacCharles says Tarion will be divided in half with keeping its administrative responsibilities on the warranty program.

 
28 March 2017

Charles Sousa aims at cooling down Ontario’s real estate market

Finance Minister Charles Sousa is going to include into the spring budget measures that will improve the housing affordability level in the province.

After the last week’s federal announcement didn’t include steps on cooling the GTA’s red-hot real estate market, Sousa said Ontario would act alone and fight the current bidding wars, sharply growing home prices and rents.

“There are numerous options, and we want to put them together in one package,” – he said.

The date of a budget release is unknown yet, but it should be presented in the next few weeks.

 
27 March 2017

Condo sales in Toronto hit another record

The latest press release from Building Industry and Land Development Association (BILD) shows that condo sales in Toronto hit another record high number in February

According to BILD, condominium sales were more than twice higher than sales of low-rise units last month. Altus Group says there were 3,542 sales involving condo apartments (in townhouses and mid and high-rise units). Meanwhile new detached, semi houses and low-rise townhomes reported 1,541 sales.

The average cost of a GTA condo apartment rose from $507,511 in January to $523,086 in February. The average price per square foot was up to a record-high $652 with the average unit size falling to 802 square feet.

 
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News

29 March 2017

Ontario will replace Tarion by a new regulator for province’s home builders The Ontario government decided to appoint a separate regulator to control...Read more >>

28 March 2017

Charles Sousa aims at cooling down Ontario’s real estate market Finance Minister Charles Sousa is going to include into the spring budget measures t...Read more >>

27 March 2017

Condo sales in Toronto hit another record The latest press release from Building Industry and Land Development Association (BILD) shows that condo sa...Read more >>
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