July 2017 Market Stats

“Home buyers benefitted from more choice in the market this July compared to the same time last year. This was reflected in home prices and home price growth. Looking forward, if we do see some would-be home buyers move off the sidelines and back into the market without a similar increase in new listings, we could see some of this newfound choice erode. The recent changes in the sales and price trends have masked the fact that housing supply remains an issue in the GTA,” said Jason Mercer, TREB’s Director of Market Analysis

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Ken Mazurek
June 2017 Market Stats

"So how's the market?" seems to be the number one question on everyone's mind. Some stories paint a picture of doom and gloom while others talk of strong growth and a continued increase in year over year prices. So given these conflicting views, what should you know?

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Ken Mazurek
Ontario's Fair Housing Plan

Yesterday the Ontario Liberal Government announced its Fair Housing Plan which contains 16 rent and housing reforms. While policies that create a level playing field and keep housing affordable are of critical importance. Some of these measures may have missed the mark or simply not gone far enough to elicit real and meaningful change. The centrepiece of Ontario’s new housing strategy is a 15-per-cent tax on home purchases by foreign buyers in the Greater Golden Horseshoe, from the Niagara region to Peterborough.

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Ken Mazurek