Author: homegoal.ca
Housing ranks as the #1 election issue among generation Z and millennials Ontario voters are heading back to the polls this week, and once again housing affordability is front and centre. According to a recent Royal LePage® survey, conducted by Hill & Knowlton,1 69% of adults in Ontario say that a party or candidate’s position on tackling the current housing supply and affordability crisis will influence their vote. Not surprisingly, that figure is even higher among the younger generations (72% of generation Z and 75% of millennials), renters (73%), and those planning to purchase a home within the next two…
Hong Kong (Canva) Word is that during China’s property boom, real estate companies were gifting Mercedes-Benzes to salespeople as bonuses. That’s over. Today, agents in China are struggling, despite the country having the world’s largest real estate market, one of the top economies, a relatively low cost of living compared to western societies, and a homeownership rate that’s among the highest on the planet. The burst of the housing bubble Following a decades-long era of galloping urban development and speculative frenzy, China’s housing market began an epic crash-and-burn several years ago, sparked by the pandemic and the…
The Canada Mortgage and Housing Corporation (CMHC) MLI Select Program is a transformative initiative that has significantly altered financing for multi-unit residential properties in Ontario, as well as across Canada. Created to encourage affordable, accessible, and energy‐efficient housing, the program provides investors and developers with enhanced loan terms that include high loan-to-value (LTV) ratios, extended amortization periods, and reduced mortgage insurance premiums. For Ontario real estate investors, whether entering the rental market or expanding an existing portfolio, the program offers an unprecedented opportunity to optimize cash flow and reduce upfront capital requirements, according to Paul D’Abruzzo, a real estate coach…
Tax season may stir up a feeling of dread, but it is one of the inevitabilities of being Canadian, and today — Monday, February 24 — is the first day to file your 2024 tax return online. Some dates to keep in mind this year: The deadline to file and pay any taxes owed is April 30, 2025, or June 15 if you, your spouse, or your common-law partner are self-employed. However, even those eligible to file in June should pay any taxes owed before April 30 to avoid interest, according to the Canada Revenue Agency. (More information on interest…
Canada’s largest bank is starting to think the economy is doing much better than previously thought. RBC wrote to investors this afternoon, outlining its expectations for the central bank’s next rate announcement. The bank’s economists expect GDP data to be more robust than previously anticipated after strong inflation data. As a result, the Bank of Canada (BoC) is seen hitting pause on rate cuts as long as tariff talks don’t derail investor sentiment. “Canadian gross domestic product will be in focus after firmer labour market reports in December and January, and an upside headline inflation surprise increased the odds that…
Miami’s real estate market has long been a magnet for investors, offering opportunities in both residential and commercial sectors. However, recent trends and challenges necessitate a thorough understanding before making investment decisions. Miami Versus the Rest of Florida Miami stands out as one of the most expensive real estate markets in Florida, driven by its status as a global city and prime destination for both tourists and investors. Compared to other Florida markets, Miami consistently commands higher property prices, particularly in sought-after neighborhoods like Coral Gables, Miami Beach, and Coconut Grove. The city’s appeal as a cultural, financial, and tech…
An upcoming industry webinar, hosted by Olympia Trust Company on March 25, 2025, will explore innovative approaches to financing real estate ventures by leveraging the tax-advantaged benefits of Canadian registered accounts, including RSPs and TFSAs. Expert Perspectives on a Shifting Financial Landscape The session will feature a panel of seasoned professionals with extensive expertise in capital markets, securities issuance, and regulatory frameworks. The discussions will cover the interplay between financial regulations, such as those under the Income Tax Act, and the innovative use of registered accounts to facilitate alternative financing solutions. Attendees can expect a detailed analytical perspective that explains…
Sky-high views, refined elegance, and the Ritz-Carlton’s signature stamp of luxury are all part of everyday life in an alluring new Toronto listing. An exclusive, 2,500-sq.-ft corner residence in the iconic Ritz-Carlton Toronto — specifically, 183 Wellington St. W #4104 — is currently for sale.After an end-of-day cocktail downstairs at a bustling on-site restaurant, this abode invites you to slip inside your own private elevator and take it all the way to the 41st floor, where views that are both inspiring and soul-soothing await in an impeccably designed sanctuary. The two-bedroom, three bathroom home is soaked in natural light and…
For many Canadians, saving for a down payment is one of the biggest financial goals they’ll ever tackle—but how people get there can look very different. Some start by building equity in a starter condo and selling it to fund their next move. Others merge their finances, combining savings to make a more substantial down payment. A lucky few receive a boost from family, with parents or grandparents chipping in to help secure their first home. No matter how the funds come together, the size of your down payment plays a huge role in shaping what, where, and how you…
— We take our content seriously. This article was written by a real person at BREL. So you’ve finally done it – you’ve made the leap from renter to Toronto homeowner. Congratulations! While your Instagram might be full of champagne-popping closing day photos, the real journey of homeownership is just beginning. Let’s dive into what you can really expect during your first year as a property owner. Truth: It’s Different When It’s Yours Before we get into the specifics, here’s something that applies to every new homeowner: the mindset shift is real. That first moment when something breaks and you…