CRA probes presale condo flips in Toronto Within Property crackdown

Federal government auditors are inspecting 2,800 preconstruction condo flips from the Toronto area as part of a crackdown on tax evasion in the real estate market. The Canada Revenue Agency obtained court orders last year forcing 44 condominium developers to hand over information about individuals who offered their components before […]

Protectionism, tariffs could slam housing market, CMHC warns

A tide of anti-globalization that contributes to widespread protectionism and increased tariffs can cause Canadian house prices to fall by more than 31 percent in the next five decades, according to the results of scenario evaluations by Canada’s national housing agency. Canada Mortgage and Housing Corp., which insures mortgages against […]

Google’s Sidewalk Labs signs deal for ‘smart city’ makeover of Toronto’s waterfront

A unit of Google’s parent company, dedicated to urban invention, has signed a deal to map out a new sort of neighbourhood on Toronto’s waterfront that could demonstrate how data-driven technology may enhance the quality of citynbsp;life. On Tuesday, Sidewalk Labs, a division of Alphabet Inc., and the government agency […]

Housing starts slide as Toronto real-estate market continues to cool

The downturn in Toronto’s property marketplace is spilling into the market for newly constructed houses as contractors face weaker demand, particularly for more costly detached houses. Since the Ontario government announced a package of measures in late April to cool the overheated housing market in Toronto, builders of ground-level houses […]

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