NEWS

  • Toronto New Condo Sales Drop 66%, While Prices Soar 40% In Weirdest Correction Ever
    Sales of new condos in Toronto have more or less fallen off a cliff, down 66.5 per cent in March compared to the same month a year earlier. So what did prices do? They soared by nearly 40 per cent during the same period. That’s according to new data from the ...
  • Committee Calls On Government To Tax Online Services Like Netflix
    A Liberal-dominated House of Commons committee is calling on the Trudeau government to make internet giants like Netflix collect and remit sales taxes as part of a series of recommendations to help Canada’s small businesses compete online. The international trade committee’s report on e-commerce issues recommended the government apply sales taxes ...
  • Buying a condo? Alexey Saltykov of CondoEssentials can help
    Russian-born Alexey Saltykov came to Canada via Germany with a job in hand as a management consultant in the insurance industry. His company asked if he wanted to transfer to Toronto, and he jumped at the opportunity. Three years later, Saltykov saw a niche insurance need in Canada, and took ...
  • Asylum claims in Canada has reached highest level in decades
    Asylum claims reached highest level in decades in 2017, and that trend isn’t slowing down. This week, Pew Research Center published a new analysis of data from the Canadian government on the number of people who sought asylum in Canada in 2017, and it found that more people sought asylum in Canada in 2017 than ...
  • Toronto Real Estate’s Harsh New Reality: Buyer Beware
    Until recently, Greater Toronto’s housing market had been something of a fairy tale. Years and years of price growth convinced many that buying into the market — at any price — would pay off. In essence, a house in Toronto had become a miracle investment: no matter what happened, you ...