By: Zoocasa As the federal election approaches, one of the key issues in every major party’s platform is national housing affordability. Among policymakers, issues such as whether or not Canadians can practically purchase a home within their local housing market, find affordable rentals, or qualify for a mortgage, are contentious. A recent survey conducted by Zoocasa demonstrates that […]
By: Zoocasa Homeownership in Ontario cities is largely out of reach for households making the median income, with the only exception being Ottawa, according to a recently released report by Zoocasa. The study assessed 15 Canadian cities to see how affordable it would be for the median-income household to purchase a property. The numbers reveal that […]
By: Zoocasa In August, sales and prices across the GTA continued to increase. This suggests that the efforts to cool the region’s housing market have been absorbed, allowing for the potential reoccurrence of overheating within the market. The latest numbers reported by TREB show that a total of 7,711 homes changed hands over the course of the […]
By: Zoocasa The Toronto real estate market has experienced substantial changes over recent years. Factors including robust economic activity, heavy migration, investment in real estate, and low rental vacancy have put upward pressure on home prices. According to a report from the Toronto Real Estate Board (TREB), the average home buyer would need to pay $256,055 […]
By: Zoocasa The GTA housing market experienced robust activity in July, as more prospective home buyers tapped into the market while new listings declined compared to July 2018. The Toronto Real Estate Board (TREB) reported a total of 8,595 transactions over the course of July, marking a 24.3% year-over-year increase. Meanwhile, the number of new listings […]
By: Zoocasa Windsor residents pay the highest property tax rate in Ontario, according to a new report by Zoocasa, an online real estate brokerage. Zoocasa ranked 35 cities in the province based on publicly available tax rate information, and found that Windsor, a small city in southwestern Ontario right beside the Detroit border with a population […]
By: Zoocasa Housing prices in major Canadian cities have skyrocketed in recent years. First-time home buyers have found it increasingly challenging to get a foothold on the property ladder. Sold house prices in Toronto have climbed to an incredible $1.3 million. An alternative used to be for first-time buyers to purchase a smaller, less expensive property type, […]
By: Zoocasa The GTA real estate market continued to experience supply and demand issues throughout June. Home sales surged while new listings brought to market remained stagnant, despite market-cooling efforts put into place in recent years. Numbers from the Toronto Real Estate Board documented a total of 8,860 transactions in June, marking a considerable 10.4% year-over-year […]
For the second month in a row, the Greater Toronto Area experienced double-digit growth in home sales. A total of 9,989 homes were bought, which was an increase of 18.9% from the same time in 2018. Further, sales increased by approximately 10% from the previous month. While the increase in sales looks promising for Toronto’s […]
By: Zoocasa York Region was hit hardest by the Ontario Fair Housing Plan introduced two years ago, reports Zoocasa, while Windsor and London home prices have grown substantially. Those are just a few of the findings the online brokerage discovered when they examined how the 16 measures introduced by the former Liberal provincial government affected the province’s […]