Will
removing GST off new rental construction improve affordability? Here's what experts say
Removing
GST on new rental construction - while a step that could help increase Canada's housing supply - may not
be the "silver bullet" some are looking for on affordability, analysts say.
TRREB:
Higher Borrowing Costs Continue to Impact Housing Market in August
Higher borrowing
costs, continued uncertainty about the economy and Bank of Canada decision making, and the constrained
supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling
price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales
and average price edged lower.
Expert
Q&A: What you need to know about buying a property pre-construction
Are you thinking
about buying a pre-construction home? We checked in with two Royal LePage experts who specialize in pre-construction
properties to provide insights into this segment of the Canadian real estate market.
TRREB: August 2023 Housing Market Charts Available
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator
and time series for price, new listings and sales.
Buying a house? Oh my GOD! — It all starts with finding an expert realtor who can make this journey
of buying a house smooth.
We found that expert in Indranil Ghosh, a seasoned realtor who guided us is every step from getting
a sense of the market, to finding the right type of house in the right area at the right price in the
middle of a crazy bidding market. Even better was the prompt response from him during bidding, documentation
& post sales support. It was a one stop shop.
As a proud owner of our first dream home in Canada, I can say that buying a house can be easy with
“Oh my GHOSH”!
Keep doing the good work!
Investment Opportunities
Are you looking
to invest in bank owned, estate properties, fixer uppers, cash flow properties, and power of sale properties?
I have access to properties across the GTA.
Brampton - Mississauga - Halton
- Hamilton - Toronto - Durham - York
omyGhosh, Just call me. I can help.
(647) 404-9471
