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Ontario Government Introduces Action Plan to Calm Toronto's Real Estate Market

Friday Apr 21st, 2017

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The Ontario government introduced plans this morning in attempt to cool Ontario's rising real estate and rental market, in the attempt to make the housing market "fairer and more affordable." The measures are in response to the price of the average home in the Greater Toronto Area increasing 33% with the last year, as well as the exposure of landlords surprising tenants with exceptionally large rent increases.   The measures include:  A 15%... [read more]

Renting in Toronto - Deciding Whether or Not to Live with a Roommate

Friday Mar 10th, 2017

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Looking at the housing market in Toronto can be stressful for a Millennial. The average cost to buy a home in the Toronto area rose to $730,000 in 2016 and continues to rise. This leaves a large percentage of the millennial population looking to lease over the coming years, rather than buy. Even leasing is a lucrative market in Toronto, with the average rent for a 1 bedroom apartment being around $1700.  It is easy to see why so many Millennial's are concerned about their housing... [read more]

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