Author: realtorjags
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CAO releases updated buyers’ guide
The Condominium Authority of Ontario updated its Condo Buyers’ Guide to help prospective buyers understand their rights and responsibilities in condo living. It covers topics like differences between resale and pre-construction condos, important documents to review, condo governance, and common issues. Developers must provide the guide with purchase agreements, starting a 10-day cooling-off period for Read more
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Ontario Faces Major Price Corrections
Ontario’s real estate market has seen significant price declines recently. The province experienced the largest correction among all Canadian markets. Price drops are driving much of the national downward pressure on home values. Ontario buyers face affordability challenges as prices adjust sharply downward. Market corrections are influencing buyer behavior and regional housing demand. Read more
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Check out my listing Address: 1405-2485 W Eglinton Mississauga (Central Erin Mills), Ontario L5M2T1
Stunning 2 Bed 2 Bath Corner Unit at Newly Built Daniels Kith Condos in Mississauga. Includes 1Parking Spot & 1 Locker for Additional Storage. Corner Unit allows ample sunlight with expansive windows and beautiful views of the pond. Brand new condo with an open-concept layout and a modern contemporary kitchen including a center island, integrated Read more
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Are Ontario Condos Ready for 2025 Rentals?
Ontario requires short-term rentals to be registered, taxed, and comply with local zoning rules. Condo boards face security, insurance, and community strain if rentals go unregulated in buildings. Rules under the Condominium Act allow corporations to limit or prohibit short-term rental activity. Courts in Ontario uphold clear rules that prevent short-term leasing in residential condo Read more
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Toronto Housing: No Crash, Just Adjustments
A full housing market crash in Toronto is unlikely due to continued demand for city living. The mortgage stress test helps prevent mass defaults, lowering crash risk. Read more
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Buying a new home in Ontario? Don’t skip this step
In Ontario, the Home Construction Regulatory Authority (HCRA) licenses builders to ensure competence and ethical conduct in new home construction. Licensed builders must follow a Code of Ethics and enroll homes in a warranty program, offering buyers protection. The Ontario Builder Directory allows buyers to verify builder licenses, check their history, and identify financial issues. Read more
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Ontario, towns giving up to $4,000 cash back on extra units built in midst of housing crisis
The Build More, Get More grant program offers homeowners $2,000 to $12,000 for adding extra housing units like basement apartments or garden suites. Grants are given after permits are issued and construction is complete. This initiative, supported by federal funding, aims to increase housing options amid the crisis. Ajax plans to build 17,000 new units Read more
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How to Get a Mortgage With Bad Credit in Ontario
Specialised lenders in Ontario offer bad credit Real Estate mortgages with more flexible approval requirements. A larger down payment helps reduce lender risk and improves approval chances for Ontario homebuyers. Stable income and job history show reliability, boosting mortgage eligibility despite poor credit. Ontario government programs assist first-time buyers with bad credit through incentives and Read more
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Ontario’s Rental Scene Is Transforming Fast
Urban Ontario rental prices are decreasing due to high supply, especially in the condo market. The provincial rent increase cap for 2026 is set at 2.1%, the lowest in four years. Tenants now have more bargaining power and can negotiate lower rent or explore better leasing options. Investment buyers must understand lender restrictions, especially regarding Read more
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Will Ontario’s Housing Market Bounce Back in 2026?
In Ontario, home sales are expected to decline by 9.9% in 2025. However, the market is expected to rebound in 2026, with sales rising 19.4% as conditions improve Read more