Steven Maislin's blog
With the introduction of the Ontario's Fair Housing Plan back in April 2017, several measures included in the 16-point plan focused on the rental housing market, becoming Bill 124, the Rental Fairness Act, 2017.
One of the most controversial stipulations of Bill 124 relates to evictions. REALTORS® need to be aware that as of September 1, 2017, when a landlord ends a tenancy for personal use of the rental unit (for themselves or family member), landlords must provide one month's rent to the tenant or offer the tenant another acceptable rental unit.
There is a lot of misinformation in the real estate market these days. The confusion is created by the fact that we have different markets in different areas of the city and yet people are trying to have a general statement over the whole marketplace. Imagine, it’s like having a one size fits all bathrobe that can fit a five-foot person or six-foot person. Yes, it fits but not really well. That’s the problem with general statements.
I am a SRES, Seniors Real Estate Specialist. If you are a baby boomer and/or have ageing parents with housing transitions in the near future, I can help. From recommendations to help clients Age in Place, to guiding them patiently through the process of preparing and selling a home.
Watch this video for a more information and call me.
City of Toronto Social Services dial 211
Toronto Community Housing Corp 416-981-5500
Toronto city subsidy housing assistance 416-397-7400
TTC Wheeltrans 416-393-4111
Housing Help Centre Woodgreen Housing 416-645-6000 Ext 2529
Green groups are lobbying for the $400-$600 audit to be a requirement for every house on the market — for Ontario residents, it is soon to be a harsh reality.
Earlier this month a coalition of environmental advocacy groups headlined by the Pembina Institute released a set of 10 demands directed towards the federal and provincial governments regarding the construction industry. The group says these changes are necessary if Canada is to reach its overly-ambitious (some might say impossible) 2030 targets under the Paris climate change agreement.
Today’s real estate market is becoming increasingly competitive. With various legal and regulatory aspects of forms and transactions, it is imperative to gain an understanding and knowledge especially when it comes to the standards and obligations of your Broker. Contact me as an OREA member I now have access to multiple tutorials.
Deals are going bad as buyers and lenders take a tougher look at home values.
The sharp reversal in Toronto's home prices has thrown Canada's biggest property market into chaos, with scores of buyers suddenly short of money and desperate to get out of deals that looked good just a few months ago.
TREB recently posted that the Canadian Real Estate Association (CREA) issued a submission on proposed mortgage regulations. Canada's bank regulator, the Office of the Superintendent of Financial Institutions (OSFI), is considering changes to Guideline B-20 Residential Mortgage Insurance Underwriting Practices and Procedures. TREB has submitted a letter to OSFI in support of CREA's position, raising concerns over proposed changes to housing finance rules that could have an imbalanced effect on the Canadian housing market and put affordability at risk.
The City of Toronto is continuing to consult with the public on the potential implementation of a tax on vacant residential units.
Click here to view background information provided by City Staff at a recent consultation session.
The Toronto Real Estate Board (TREB) is encouraged with the evidence-based approach that all levels of government are taking in assessing the housing market and we look forward to working with City Council as they move forward with consultations on a potential Toronto Vacancy Tax.