May Stat Pack

June 17th, 2017
Wes_BlogBanner.jpg
     
     This will be the fourth straight month that we have seen price gains for the city of Calgary! It is giving every indication that we are on the road to recovery and the detached segment is a big reason for this. Benchmark prices in the segment are up 1% since last month and sit at $509,000. Demand is still high with 2.1 months supply across the segment and the Northwest & East area ...

Foreign Buyer Tax in Ontario

June 2nd, 2017
foreign-home-buyers-tax-in-ontario.jpg

Looks like Ontario is following suit with BC by implementing a 15% tax for foreign home buyers. The move comes as a measure to cool the sizzling market in Toronto where prices are up 33% since this time last year. That along with several other measures (increase in rents capped at 2.5% and taxed on vacant properties) will took effect in April.

Only time will tell whether the new regulations ...