After three decades in the business, Toronto real estate broker Paul Swartz is still trying to figure out the market.
“I really don’t know what to tell clients. It’s just been about impossible to predict. We all know the ride is going to end, but nobody knows when.”
Swartz figured, like many analysts did, that 2010 would be slower because of a recovering economy. But despite the predictions of economic gloom, the Toronto existing home market rang out 2010 with the third best year for sales on record. Continue reading →
Last Updated: January 2, 2011 5:20pm Ontario rents will be allowed to edge up by only 0.7% in 2011.
It is the lowest increase in the 35-year history of the province’s rent guideline — the maximum annual rent increase allowable without seeking special approval from the Landlord and Tenant Board for a heftier hike.
“The McGuinty government is providing real protection for tenants by linking the rent increase guideline to the Ontario Consumer Price Index which prevents routine rent increases above the rate of inflation while ensuring landlords can recover increases in their costs,” said Liberal cabinet minister Jim Bradley. Continue reading →