Over the next three years, the federal government plans to welcome around 500,000 new immigrants per year to Canada. A record number will settle in southern Ontario. Immigration is key to Canada’s economic development and population growth, but will newcomers be able to find affordable places to live? To talk about how governments can fix the…
An uncertain economic outlook, high inflation, and rising interest rates challenged home buyers, sellers, and owners in 2022. How did this past year impact the real estate market? And how is it shaping market trends for 2023? Sean Simpson, Senior Vice President at Ipsos Public Affairs, joins Ready to Real Estate host and TRREB Chief…
After a brief downturn due to COVID-19, immigration is back to normal in the Greater Toronto Area (GTA), with the City of Toronto anticipating an additional one million residents over the next 30 years. Immigration is a cornerstone of economic growth and key to the diversity that makes regions, such as the GTA great. Studies,…
The province’s June 2 election day is just around the corner, and with housing being top of mind for many Ontarians, TRREB hosted a debate on the Ready to Real Estate Podcast between provincial candidates in GTA ridings.* Abhijeet Manay, the Green Party deputy leader and candidate for the riding of Beaches–East York, and Lisa Patel, TRREB…
In an attempt to curb rising inflation, the Bank of Canada has been hiking its policy interest rate – with the most recent increase being 50 basis points to 1 per cent. The Bank’s target for the Overnight Lending Rate directly impacts the cost of borrowing for variable rate mortgages and lines of credit and indirectly…
Before the COVID-19 pandemic lockdowns struck in March 2020, spending on home renovations in Ontario was already outpacing the rest of the economy, with more than $80 billion spent on improvements in 2019 according to Altus Group research. Since the pandemic hit, renovation permit applications are up a further 18 per cent across the province.…
The impacts of climate change are undeniable, and growing year after year. Since the 1950s, disaster loss insurance claims have doubled every five to 10 years, and in 2005, they approached $100 billion. As the majority of many Canadians’ equity is within the home they own, it’s imperative to protect that investment from extreme weather…
REALTORS® have an obligation to act in their clients’ best interests, whether they’re buying their first or dream home, or looking to be a tenant or landlord renting out an investment property. They have to act within the confines of the law, and that is where real estate lawyers can help. On a recent episode…
Buying and selling real estate has garnered a lot of media attention, especially with rising home prices both before and during the COVID-19 pandemic. The rental market – and especially so in the Greater Toronto Area (GTA) – has also seen its share of sweeping changes brought on or exacerbated by pandemic-induced shifts in the…
The COVID-19 pandemic caused a fundamental shift in work in the Greater Toronto Area (GTA), with a huge impact on the traditionally bustling downtown core of office buildings. Two years into the pandemic, with some semblance of “new normal” on the horizon, what can employers and employees expect about the changing nature of work? TRREB…
It’s an anxiety-inducing time for many Ontarians in these first couple of months of 2022. A continued pandemic, rising inflation, and climate challenges all lend to changes in spending behaviour for residents of the Greater Toronto Area (GTA) and beyond. But how do worries at the forefront of our minds play out in the real…