Office of the Prime Minister 80 Wellington St Ottawa, ON K1A 0A2 Dear Prime Minister Justin Trudeau, I have never taken the step of directly communicating with Members of Parliament until now. I do not write this letter to slight any political party but rather to speak out against what I and many others believe [...]
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So far MZ Admin has created 15 blog entries.
Are The New Mortgage Rules Working? Demand for detached houses has far outstripped available supply over the last decade due to regulatory changes. Then the Federal Government introduced new rules for mortgages in late 2016 to bring housing markets under control in Toronto and Vancouver, and Canadians are eager to know if it has [...]
“If I had an hour to solve a problem I'd spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.”— Albert Einstein The Greater Toronto Area has seen a severe shortage of housing development over the last decade, and we pride ourselves on guiding our clients through complex opportunities exactly like this [...]
Rising commercial real estate prices has made the news across Canada, but external factors are not necessarily to blame. Rising real estate prices is an issue of supply, not demand. While the media has focused on foreign speculators buying property by the millions as a force that drives up the housing market’s pricing, that’s just [...]
Vancouver’s Foreign Buyers Tax - Our Thoughts & Predictions After being rumoured throughout the West Coast of Canada for a number of months, the Vancouver Foreign buyers tax was ultimately implemented by the British Columbia government on August 2nd of 2016. The hefty foreign buyer's tax, totaling 15% of the purchased home’s value, was implemented [...]
Many developers and homebuyers are unaware of the true impact the Green Belt is having on the development and home buying processes in Ontario. The truth is, the act is affecting local supply, demand, pricing, and availability each passing year, and it’s impact is felt by almost everyone. Keep on reading to discover how the [...]
Choosing the right market shouldn’t be based on a hunch In a city that’s home to two major universities and college, student housing is an attractive investment opportunity. Kitchener-Waterloo has a vibrant student population. Wilfrid Laurier University, the University of Waterloo and Conestoga College combined attract more than 41,000 students to the region. For decades [...]
More housing predictions: Prices will remain steady Housing prices in Ontario, and in Toronto in particular, have been climbing over the past decade. It’s no surprise that experts have been lining up over that same period of time with dire predictions that the market would soon collapse. While no one has a crystal ball, there [...]
Ontario Housing Market Looks Promising for 2016 Despite warnings that a housing downturn is on the horizon for Canada, the outlook for the Ontario market continues to be promising. According to the RE/Max Housing Market Outlook 2016, most of the province experienced a buyer’s market in 2015 with few signs that demand will slow down [...]
The Canadian media has offered a less than rosy outlook on the Canadian housing market for some time now, with warnings of a major burst of the housing bubble. The recent 2016 Housing Market Outlook from the CMHC actually paints a more moderate prediction. Some media reports have characterized the CMHC outlook with predictions that [...]