July 28th 2016, The Liberal Government passed a law pertaining to Foreign Real Estate Investors in the Beautiful Province of British Columbia. A not so beautiful 15% Tax Law was implemented for all property purchases of those living outside the country. This new Law came into mandate as of August 4th 2016. The purpose of this Law is to encourage new housing, rental supplies, opportunity for first time home buyers, as well as low-income earners to buy a property and have the... [read more]

July 2016, Bloomberg released a statement saying that Toronto's Condo market is not in a housing bubble. They released this statement along with numerous supporting reasons.     Builders are now only breaking ground once 79% of units have been pre sold, anything less was small buildings are well known builders. This approach “mitigates the risks associated with speculative building,” Dana Senagama, a CMHC market analyst had stated. “A tight... [read more]