Data, Facts and Boring Stuff There’s no doubt that we are in the midst of a shifting real estate market in Toronto. Here’s what’s been happening: Mid-April: As news of the impending government changes began to leak in early April, Toronto Buyers, already fatigued from months of bidding wars, began to slow their property searches. Sellers, increasingly nervous about how a foreign tax might affect prices hastened to list their homes for sale. According... [read more]

The Bank of Canada has decided to maintain its policy rate at five per cent for the fourth consecutive meeting. In a significant shift, the bank explicitly stated that there won't be a need for further increases if the economy aligns with its forecasts. Governor Tiff Macklem and other policymakers opted for this expected pause, citing data indicating a stalled economic growth that is expected to remain slow in the near term. The objective is to bring inflation back to the bank's... [read more]

Decoding Carbon Pricing in Canada: A Comprehensive Guide to Costs, Mechanisms, and Rebates" Canada has implemented a national pricing strategy on pollution since 2019, yet this policy remains a contentious topic, with the Opposition Conservatives indicating their intent to make it a focal point in the upcoming elections. In this article, we provide an in-depth overview of Canada's carbon pricing, shedding light on its mechanisms, costs, and the intriguing concept of... [read more]

"Mike Holmes Faces Backlash as 'Holmes-Approved' TerraceWood Homes Face Demolition Scandal" watch video Renowned contractor and TV personality, Mike Holmes, finds himself in the midst of controversy as the TerraceWood residential community, bearing his celebrity endorsement, is marred by poor construction, resulting in the demolition of multiple homes. The irony is palpable, given Holmes's commitment to exposing substandard workmanship in the building industry on... [read more]

Amidst the surge in real estate activity driven by historically low interest rates during the pandemic, particularly in the pre-construction market across Canada, a concerning trend has emerged. Doug Hoyes, an insolvency trustee at Hoyes, Michalos & Associates Inc., highlights a "double whammy" effect contributing to difficulties faced by an increasing number of homebuyers in finalizing their purchases. As interest rates, which were lowered to 0.25% by the Bank of Canada in... [read more]