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GUELPH, ONTARIO, May 26, 2017 — The Governments of Canada and Ontario are proud to announce the official opening of new affordable housing for young mothers in Guelph and Wellington County. Michael House, located at 187 Bristol Street in Guelph, provides eight units of affordable housing.

Lloyd Longfield, Member of Parliament for Guelph, on behalf of Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with Liz Sandals, Member of Provincial Parliament for Guelph, on behalf of the Honourable Chris Ballard, Ontario’s Minister of Housing, made the announcement today. Dennis Lever, Wellington County Warden, also participated in the event.

Quick facts:

• This initiative will specifically provide supportive housing to young mothers and their children, adding to Michael House’s existing residential program in Guelph for expectant and new mothers
• Residents of these eight units of supportive housing will have access to a dedicated support worker as well as the ongoing support of Michael House’s caring and qualified staff
• One unit is accessible further enhancing Michael House’s ability to serve the community
• The event also celebrated the affordable housing development located at 169 Gordon Street in Fergus, which received over $8 million for 55 affordable housing units.
• The County of Wellington contributed more than $5.68 million to both of these projects

Quotes:

“Our Government is committed to supporting families and individuals. Affordable housing is critical to helping young families get a better start together. Increasing spaces helps agencies like Michael House to expand on the great work they do in Guelph. I am excited to see that our Government is investing in a National Housing strategy to help youth, young families and seniors”
— Lloyd Longfield, Member of Parliament for Guelph

“Michael House does wonderful work in providing much needed housing and support for single moms after their babies are born. The housing in Fergus will provide affordable homes for individuals in Center Wellington no matter what walk of life they come from. I am very pleased that we can help fund initiatives such as these, providing the building blocks to not only strengthen our housing system in Ontario but to also meet local needs.”
— Liz Sandals, Member of Provincial Parliament for Guelph

“On behalf of the City of Guelph, I want to thank the Government of Canada and Province of Ontario for this funding, which will help increase the supply of much-needed affordable housing in Guelph and Wellington. Housing is the foundation to so many things – the ability to find a job, raise a family, and enjoy security and stability in our community. This investment in housing will have a positive ripple effect in all of these areas.”
— Mayor Cam Guthrie, City of Guelph

“Through investments in affordable housing buildings like Michael House and Webster Place, the County of Wellington is working to strengthen our communities and help individuals find and maintain safe and affordable places to call home. The opening of these multi-unit buildings will help meet important needs in the Guelph and Wellington service area, and help further the goals outlined in the County of Wellington’s 10 Year Housing and Homelessness Plan.”
— Dennis Lever, Wellington County Warden

“Access to affordable quality housing is critical for the wellbeing of young families. Our agency, community and young families are grateful that the IAH funding was available to help build Michael House. We are seeing young mother’s build a future for themselves and their children resting in the fact that they have a safe home that provides around the clock support for when they need a helping hand to be the best that they can be.”
— Rosemarie Coombs, Executive Director of Michael House

Associated links:

• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC’s operations. For more information, please call 1-800-668-2642.
• Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.

Stay connected:

• Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Housing on Twitter.

Media contacts:

Émilie Gauduchon
Press Secretary
Office of Minister Duclos
819-654-5546
emilie.gauduchon@hrsdc-rhdcc.gc.ca

Wilbur McLean
Public Affairs
Canada Mortgage and Housing Corporation
416-218-3331
wmclean@cmhc-schl.gc.ca

Theresa Lubowitz
Senior Communications Advisor
Office of Minister Ballard
416-585-7647
theresa.lubowitz@ontario.ca

Conrad Spezowka
Communications
Ministry of Housing
416-585-7066
conrad.spezowka@ontario.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-05-26-1115.cfm

HUNTSVILLE, ON, May 25, 2017 — The governments of Canada and Ontario today announced funding for repairs and upgrades to violence against women’s shelters throughout the province. Fifty-eight women’s shelters across Ontario will receive more than $4.1 million in capital upgrades.

The announcement was made today at Chrysalis, operated by Muskoka Women’s Advocacy Group, which received $22,600 to increase outdoor security, install electrical and access buttons on doors, and upgrade lighting system.

The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honorable Dr. Helena Jaczek, Ontario’s Minister of Community and Social Services, made the announcement.

Quick facts:

• Today’s funding announcement will help ensure violence against women’s shelter sites are safer, more secure and accessible
• These capital repairs and upgrades will help agencies extend the life of their facilities
• Upgrades to be completed as part of this announcement include installing security equipment, improving facility accessibility, making energy efficiency upgrades to save on energy costs, among many other initiatives

Quote:

“Our Government is providing Canadians not only with safe, affordable housing, but is also working hard to strengthen our communities. These new investments are another example of our Government’s commitment toward ensuring that survivors of domestic violence are able to enjoy a safe and stable environment.”
— Hon. Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation

“For women who have experienced violence, a shelter is often the first step to rebuilding their lives. This funding allows Chrysalis to make critical investments so that women and their children who are fleeing domestic violence will have access to a safer, more secure, accessible shelter that is dedicated to helping them begin rebuilding their lives.”
— Hon. Dr. Helena Jaczek, Ontario Minister of Community and Social Services

“Chrysalis shelter is grateful to the Federal and Provincial Government for providing us with funding to extend our fenced yard, install some light fixtures and accessible door buttons. Improving our safety and accessibility means decreasing barriers for women and their children leaving violence.”
— Rachelle Walker, Executive Director, Muskoka Women’s Advocacy Group

Associated links:

• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC’s operations. For more information, please call
  1-800-668-2642.
• Investing in safer, more secure, accessible Violence Against Women shelters  is a part of the Ontario government’s vision to ensure that everyone in the province can live in safety, free from the threat, fear or experience of exploitation and violence, and supports its goal of ending violence against women and, and also supports the government’s It’s Never Okay: An Action Plan to Stop Sexual Violence and Harassment.

Stay connected:

• Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Community and Social Services on Twitter.

Media contacts:

Émilie Gauduchon
Press Secretary
Office of Minister Duclos
819-654-5546
Emilie.Gauduchon@hrsdc-rhdcc.gc.ca

Lyndsay Miller
Senior Communications Advisor Issues Manager
Office of Minister Jaczek
416-325-5572
Lyndsay.Miller@ontario.ca

Wilbur McLean
Public Affairs
Canada Mortgage and Housing Corporation
416-218-3331
wmclean@cmhc-schl.gc.ca

Takiyah Tannis
Communications
Ministry of Community and Social Services
416-325-0216
Takiyah.Tannis@ontario.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-05-25-1130.cfm

THUNDER BAY, ON, May 23, 2017 — The governments of Canada and Ontario celebrated the grand opening of 1100 Donald Street East today, adding eight units of affordable housing in Thunder Bay.

The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour, and Member of Parliament for Thunder Bay-Superior North, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), and the Honourable Bill Mauro, Minister of Municipal Affairs and Member of Provincial Parliament for Thunder Bay-Atikokan, on behalf of the Honourable Chris Ballard, Ontario’s Minister of Housing and Minister Responsible for the Poverty Reduction Strategy, made the announcement today. Adam Vaghan, Parliamentary Secretary to the Minister of Families, Children and Social Development, along with Don Rusnak, Member of Parliament for Thunder Bay—Rainy River, and Keith Hobbs, Mayor of Thunder Bay, also participated in the event.

The Donald Street announcement included a celebration of a number of other affordable housing initiatives in Thunder Bay, Sioux Lookout, Fort Frances and Red Lake. These developments provide 187 families in northwestern Ontario with a safe, affordable place to call home.

The 1100 Donald Street East development received $383,183 in combined federal and provincial funding through the Investment in Affordable Housing agreement. The federal and provincial contributions for all eight housing developments celebrated today equal nearly $10.8 million.

Quick facts:

The following projects were also celebrated today:

• Sister Leila Greco Apartments at 300 Lillie St. in Thunder Bay, which received $6.6 million for 132 affordable housing units for seniors
• Twenty units of affordable housing at 410-412 Victoria Avenue East in Thunder Bay, which received nearly $1.5 million. Eight units are designated for persons with restricted mobility.
• Six units of affordable housing with Wahkaihganun Futures Corporation in Fort Frances, which received over $1 million for Indigenous families.
• Ten units of affordable housing for Indigenous families at 9 Millar Drive in Sioux Lookout, which received $495,914.
• Eight units of affordable housing at 277 Pearl Street in Thunder Bay, which received $383,182.
• Two units of affordable housing for Indigenous families at 14 Gustafson Crescent in Red Lake, which received $318,416.
• One unit of affordable housing for an Indigenous family at 46 Lassie Road in Red Lake, which received $131,584.

Quotes:

“Affordable housing is the cornerstone of healthy and safe communities. Our Government believes that all Canadians deserve access to affordable and adequate housing. These investments will help people across Northern Ontario find housing that meets their needs.”
— Hon. Patty Hajdu, Minister of Employment, Workforce and Labour and Member of Parliament for Thunder Bay-Superior North

“Through investments in affordable housing, our Government is providing assistance to those who need it most here in Thunder Bay and in all corners of the country. We are committed to making communities stronger through projects like these.”
— Don Rusnak, Member of Parliament for Thunder Bay — Rainy River

“Every member of our community benefits from affordable housing investments in Northwestern Ontario. When a person has a place to call home, they can focus on other aspects of their lives, making both their families and our province stronger.”
— Bill Mauro, Member of Provincial Parliament for Thunder Bay-Atikokan

“Providing safe and affordable housing for those in need has been a priority in the City of Thunder Bay. The investment from the government will make a significant impact in the lives of the residents who will call these buildings home.”
— Keith Hobbs, Mayor of Thunder Bay

“The District of Thunder Bay Social Services Administration Board is committed to providing good quality, well-located and affordable housing in the District of Thunder Bay. Our two new 8-unit buildings are close to the North and South downtown cores of Thunder Bay, demonstrate excellence in energy efficiency and sustainability and address the current significant need for single, non-senior affordable housing in our community.”
— Bob Katajamaki, Board Chair, the District of Thunder Bay Social Services Administration Board

Associated links:

• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC’s operations. For more information, please call 1-800-668-2642.
• Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.

Stay connected:

• Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Housing on Twitter.

Media contacts:

Émilie Gauduchon
Press Secretary
Office of Minister Duclos
819-654-5546
Emilie.Gauduchon@hrsdc-rhdcc.gc.ca

Wilbur McLean
Public Affairs
Canada Mortgage and Housing Corporation
416-218-3331
wmclean@cmhc-schl.gc.ca

Theresa Lubowitz
Senior Communications Advisor
Office of Minister Ballard
416-585-7647
theresa.lubowitz@ontario.ca

Conrad Spezowka
Communications
Ministry of Housing
416-585-7066
conrad.spezowka@ontario.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-05-23-1300.cfm

TORONTO, ON, May 17, 2017 — A grand opening ceremony was held today for new affordable rental homes at Casa Emery Village in the City of Toronto.

The mixed-use facility consists of 348 units of affordable rental housing, including a number of units designated for seniors and recent immigrants. This building is part of a larger development that, once completed, will be the cornerstone of Toronto’s growing Emery Village.

Casa Emery Village received nearly $36.7 million in funding from the Government of Canada and Government of Ontario through the Investment in Affordable Housing agreement. It was also supported with $7.1 million in financial assistance from the City of Toronto. This investment is delivering 348 affordable rental housing units for those in need, including seniors and recent immigrants. Amenities for residents include a library/study area, party room, gym, laundry facilities and bicycle room, as well as commercial space.

Judy Sgro, Member of Parliament for Humber River-Black Creek, on behalf of the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation, along with the Honourable Chris Ballard, Ontario’s Minister of Housing and the Minister Responsible for the Poverty Reduction Strategy, were on hand for the announcement. Councillor Ana Bailão, the City of Toronto’s Housing Advocate and Chair, Affordable Housing Committee, also spoke.

Quick facts:

The event also celebrated several other affordable housing developments in the City of Toronto, all of which received funding through the Canada-Ontario Investment in Affordable Housing agreement, including:

• Fifty units of affordable housing at 230 Sackville St. as part of the Regent Park Revitalization Plan, which received more than $14 million.
• Forty units of affordable housing at 180 Sackville St., also part of the Regent Park Revitalization Plan, which received $4.8 million.
• Twelve units of affordable housing for off-reserve Indigenous residents at 22-26 Norwood Road, which received $2.1 million.
• Four units of affordable housing at 1330 Wilson Ave., which received $597,750.
• Four units of affordable housing at 3207 Kingston Rd., which received $547,200.

Quotes:

“Our Government is investing in affordable housing here in Toronto and across Canada to help create jobs and improve the quality of life for those who need it most. Thanks to the combined efforts of our partners, we are able to give a helping hand to individuals in need, and in doing so, we are contributing to the economic and social well-being of the entire community.”
— Judy Sgro, Member of Parliament for Humber River-Black Creek

“Ontario continues to be a strong partner to the City of Toronto, delivering efficient, people-centred housing programs for residents so they can continue to put down roots in the neighbourhoods they love. Working together, we can ensure that every family has an affordable place to live in the city they call home.”
— Chris Ballard, Ontario’s Minister of Housing and Minister Responsible for the Poverty Reduction Strategy

“I want to thank the team at Medallion Corporation for their dedication to building quality affordable housing in Toronto. It is only through strong and ongoing commitments from our provincial, federal and development partners that the City can succeed in providing suitable housing for all residents.”
— Ana Bailão, Chair, City of Toronto Affordable Housing Committee

“Since the beginning, Medallion has been thrilled to be an active partner in this transformational development and to work alongside all levels of government to ensure housing affordability is a priority. This collaboration has been years in the making and today we are proud to stand beside our partners to celebrate the success of a significant community milestone. Casa at Emery Village is a story of quality housing and accessibility and we also celebrate the new residents who will make it their home.”
— Howard Paskowitz, M.B.A., Senior Development Manager, Medallion Corporation

Associated links:

• Canada Mortgage and Housing Corporation (CMHC) has been helping Canadians meet their housing needs for more than 70 years. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC’s operations. For more information, please call 1-800-668-2642.
• Investing in affordable housing programs is part of Ontario’s plan to create jobs, grow the economy and help people in their everyday lives. Since 2003, the province has committed more than $5 billion in funding for affordable housing, which has helped support more than 22,000 new affordable rental housing units, more than 335,000 repairs and improvements to social and affordable housing units, and rental and down payment assistance to more than 93,000 households in need. These investments complement the commitments made through Ontario’s recent Long-Term Affordable Housing Strategy update, and support the province’s goal of ending chronic homelessness by 2025. For more information on affordable housing in Ontario, visit ontario.ca/affordablehousing.
• For information about the City of Toronto’s affordable housing initiatives, including the new Open Door Program, please visit www.toronto.ca/affordablehousing

Stay connected:

• Follow CMHC on Twitter, YouTube, LinkedIn and Facebook.
• Follow Ontario’s Ministry of Housing on Twitter.

Media contacts:

Émilie Gauduchon
Press Secretary
Office of Minister Duclos
819-654-5546
emilie.gauduchon@hrsdc-rhdcc.gc.ca

Wilbur McLean
Public Affairs
Canada Mortgage and Housing Corporation
416-218-3331
wmclean@cmhc-schl.gc.ca

Theresa Lubowitz
Senior Communications Advisor
Office of Minister Ballard
416-585-7647
theresa.lubowitz@ontario.ca

Conrad Spezowka
Communications
Ministry of Housing
416-585-7066
conrad.spezowka@ontario.ca

Gil Hardy
Affordable Housing Office
City of Toronto
416-397-4701
ghardy@toronto.ca

Article source: http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-05-17-0915.cfm

TORONTO, May 11, 2017 — Toronto Real Estate Board President Larry Cerqua talks National Real Estate Day with Breakfast Television on May 12, at 6:20 a.m. Each year, National Real Estate Day is celebrated on May 17, and is marked as a day for homeowners to commemorate achieving the Canadian dream of home ownership.

Mr. Cerqua will announce the grand prize contest on Breakfast Television, where one lucky homeowner will win a $3000 Rona Home and Garden Gift Card. Whether it’s to purchase new appliances, update the look of a favourite room or a bathroom renovation, this grand prize will be sure to help with any homeowner’s goal big or small.

“We know how hard Canadians work to achieve the dream of home ownership, and as REALTORS® we are privileged to be a part of the process that helps guide them to reach that dream. Nothing is more rewarding than to watch a young family, or a first-time buyer get the keys to their new home! It’s an achievement, and one of the largest financial investments you’ll make,” said Mr. Cerqua.

From a 2015 Habitat for Humanity research project “Transforming Lives,” the TREB President noted evidence of the positive-impact that owning a home can have. It can improve the education outlook of your children, improve your family’s health through higher levels of physical activity and lower levels of psychological distress, and increase levels of civic involvement and charitable support in your community.

“As a REALTOR with more than 30 years experience, I say with much confidence that this is more than just a “job,” it’s a passion for many of us REALTORS®, and nothing compares to the satisfaction you feel when you see your clients’ hard work pay off, and how becoming a homeowner positively impacted their lives.”

To continue the celebration, and for your chance to WIN more home and garden gift cards, get involved in the national conversation on May 17, on TREB’s social media using the hashtag #iheartrealestate on Facebook and on Twitter @TREBhome. For all the details visit TREBhome.com/NRED. 

Talk to a Toronto Real Estate Board Professional Member REALTOR®. For updates on the real estate market, visit TREBhome.com. If commercial property is what interests you, contact a TREB Commercial Professional Member REALTOR® by visiting trebcommercial.com.

Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_nred-2017_051217.htm

TORONTO, May 3, 2017 — The Toronto Real Estate Board has examined property assessment and land registry data in Ontario and has concluded that foreign buyer ownership, as well as speculation by foreign and domestic buyers and multiple ownership in the Greater Golden Horseshoe housing market remains low.

TREB is releasing their analysis of this data at the same time as TREB President Larry Cerqua announces that Greater Toronto Area REALTORS® entered 33.6 per cent more new listings into TREB’s MLS® System in April 2017, at 21,630, compared to the same month in 2016. New listings were up by double-digits for all low-rise home types, including detached and semi-detached houses and townhouses. New listings for condominium apartments were at the same level as last year.

Total sales for the TREB market area as a whole amounted to 11,630 – down 3.2 per cent year-over-year. One issue underlying this decline was the fact that Easter fell in April in 2017 versus March in 2016, which resulted in fewer working days this year compared to last and, historically, most sales are entered into TREB’s MLS® System on working days.

“The fact that we experienced extremely strong growth in new listings in April means that buyers benefitted from considerably more choice in the marketplace. It is too early to tell whether the increase in new listings was simply due to households reacting to the strong double-digit price growth reported over the past year or if some of the increase was also a reaction to the Ontario Government’s recently announced Fair Housing Plan,” said Mr. Cerqua.

The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 31.7 per cent year-over-year in April 2017. Similarly, the average selling price for all home types combined was up by 24.5 per cent to $920,791.

“It was encouraging to see a very strong year-over-year increase in new listings. If new listings growth continues to outpace sales growth moving forward, we will start to see more balanced market conditions. It will likely take a number of months to unwind the substantial pent-up demand that has built over the past two years. Expect annual rates of price growth to remain well-above the rate of inflation as we move through the spring and summer months,” said Jason Mercer, TREB’s Director of Market Analysis.

New Insights on Foreign Buyers, Domestic and Foreign Speculation, and Multiple Ownership

TREB is encouraged that all levels of government, including the Province of Ontario, are making the state of the housing market a priority. However, TREB strongly believes that public policy decisions with regard to the housing market should be evidence-based and supported by empirical data.

In an effort to further the research into foreign buying activity, speculative buying and selling (“flipping”), and ownership of more than one property, TREB analyzed aggregated annual property sales, and aggregated residential data provided by the Municipal Property Assessment Corporation (MPAC) and Teranet Inc. (Teranet) for the Greater Golden Horseshoe (GGH), specifically between 2008 and April 2017.

A summary of TREB’s key findings from an analysis of the data:

• The number of buyers with a mailing address outside of Canada is well-below one per cent, regardless of the year. Most of these buyers have a mailing address in the United States.

   

• Between 2008 and April 2017, the average share of foreign buyers in the GGH was 2.3 per cent.  The share was 2.2 per cent in 2016 and 2.6 per cent for the January through April period in 2017. The majority of foreign buyers – 87 to 90+ per cent – purchased their home as a place to live: 91.5 per cent in 2016 and 88 per cent January through April in 2017.

   

• The trend from 2008 to April 2017 suggests that the share of foreign home buyers has remained low.  The results also follow the results from earlier released data from an Ipsos survey of TREB Members conducted in the fall of 2016. The Ipsos survey results estimated that 4.9 per cent of transactions undertaken between the fall of 2015 and the fall of 2016 were accounted for by foreign buyers.  The Ipsos survey results had an estimated margin of error of ± 2 percentage points, 19 times out of 20.

   

• Between 2008 and April 2017, homes bought and sold within a short period of time – within one year of the original transaction – by domestic or foreign buyers accounted for a very small share (less than five per cent in 2016 and approximately seven per cent between January and April 2017) of total transactions.

   

• TREB analyzed the ratio of property owners that owned more than one property in the GGH to the total number of properties. As of April 2017, this was a relatively small 6.2 per cent of total properties.

“It is not yet clear what impact the measures contained within the Ontario Government’s Fair Housing Plan have had on TREB’s market area or the broader Greater Golden Horseshoe.  Despite the recent uptick in new listings on TREB’s MLS® System, we believe that we all have to be committed to a better understanding of issues affecting demand and supply dynamics in our marketplace. TREB will continue to collect and disseminate data on our marketplace and will continue to work with all levels of government as it relates to housing market policy,” said John DiMichele, TREB’s Chief Executive Officer.

_______________________

Source: Summary data provided by the Municipal Property Assessment Corporation (MPAC). Land registry data sourced from Teranet was used by MPAC in the summary reports.

Important Note: The views and opinions expressed in this report and any related press release are the Toronto Real Estate Board’s. MPAC provided summary statistics only to the Toronto Real Estate Board. No personal information such as property owners’ names or addresses was released.

Article source: http://www.trebhome.com/market_news/release_market_updates/news2017/nr_market_watch_0417.htm