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The market crisis along the south border has many homebuyers wondering how it will affect the housing market in Canada, but Canadian market analysts feel the problems the U.S. is experiencing should have little impact on real estate in this country.Canada is not expected to experience the same downturn as the U.S. market for many reasons. First, ...

The McGuinty government is giving all first-time homebuyers a break on land transfer tax by proposing to expand the Land Transfer Tax Refund Program to include purchases of resale homes, Finance Minister Dwight Duncan announced today.“Expanding this Land Transfer Tax refund is an important part of our government’s commitment to helping ...

Sales of new homes in the Toronto area remain healthy, but that isn’t being reflected in current housing starts, according to Canada Mortgage and Housing Corp.Starts edged down in August to a seasonally adjusted and annualized 32,000 from 35,100 in July, the federal housing agency reported yesterday. One problem has been that developers are ...

Luxury home sales across the country have been "unprecedented" over the first seven months of this year.. The strong market for luxury property echoes what is going on in the overall resale market which is on pace for a record year, according to the Canadian Real Estate Association. Unabated demand throughout the year has created tight ...

[photo:listing:980357] BRAND NEW TOWNHOUSE IN MARKHAM • 1,725 sq. ft., 3 bath, 4 bdrm 3 story "Townhouse" - - Price negotiable! Cornell, Markham  -  BRAND NEW TOWNHOUSE, NEVER LIVED IN! Only $337,000 4Br or 3 Brs + 2nd fl Open concept Family Room - Easy to covert to 4th Br Appr 1,725 SqFt! Modern Country Kitchen ...

Average detached home prices in north central Toronto, particularly along the Yonge Street corridor, nudged above the million-dollar mark in the first half of 2007, according to Toronto Real Estate Board. The area - which encompasses such tony neighbourhoods as Forest Hill, Chaplin Estates, Deer Park and Cedarvale - saw average home prices ...

Condominium sales are at a record high in Toronto with 40 per cent of new home sales coming from condo purchases. According to the Toronto Real Estate Board, 2,173 units sold in the city last month representing a 23 per cent increase in sales compared to June of last year. Ontario's housing market continues to perform beyond industry ...

Toronto Mayor David Miller suffered his biggest political defeat on July 16th as council narrowly voted to delay any decision on bringing in two controversial new taxes until at least October. In a 23 to 22 vote, council decided that any decision on new taxes on land transfers and vehicle registration should wait ...

Canada’s housing market had another record month in June as the average price jumped more than 10 per cent. The Canadian Real Estate Association said the average cost of a home was $335,180 last month, compared to $303,472 in June last year, an increase of 10.4 per cent. Also in June, existing home sales rose to a new seasonally adjusted ...