According to Canada Mortgage and Housing Corporation (CMHC)’s 2015 First-Time Homebuyers Survey, new homebuyers are twice as likely to use social media to research information
On Feb. 2, members of the Toronto Real Estate Board (TREB) met with the City of Toronto’s Budget Committee to discuss affordable housing in the Greater Toronto Area and make recommendations on the region’s Land Transfer Tax (LTT), implemented in 2008. In order to better meet the needs of prospective homebuyers requiring affordable housing options, TREB suggested that the City’s Budget Committee increase the maximum rebate for first-time homebuyers and adjust the LTT to reflect ongoing inflation.
In 2015, one out of every three homes purchased in Montreal, Que. will be a condominium, according to a survey commissioned by the Québec Federation of Real Estate Boards (QFREB) and the Fonds immobilier de solidarité FTQ. The survey, which focused on buying and selling intentions, found that 65 per cent of those intending to buy already own a home while 36 per cent are first-timers.