Beware the big tax hit that could be lurking in your basement if you decide to rent it out If you’ve recently taken out a whopping mortgage to buy a home in one of Canada’s soaring, red-hot housing markets, one way to ease the burden of those sky-high monthly mortgage payments is to consider renting out…

Toronto housing sales slip 6.7%, listings spike as new rules cool the market OTTAWA — Home sales cooled in April after setting a record the previous month as the pace of transactions in the Greater Toronto Area slowed, the Canadian Real Estate Association said Monday. There was a 1.7 per cent decrease in sales over the…

Data shows Toronto real estate sales climbed in past week, but overall cooling could be coming Early data suggests homebuyers in Canada’s largest city sat on the sidelines as they awaited new market cooling measures, but jumped backed into the market — albeit at a reduced rate — following the April 20 announcement. The Toronto Real…

GTA new homes prices shatter record in March as market faces new government regulations The price of a new available detached home in the Greater Toronto Area soared to $1.78 million in March, jumping about 67 per cent in one year and sending people scurrying into the condominium market which had record sales last month. According…