Ontario regulator probes cryptocurrency use in real estate

Ontario regulator probes cryptocurr [...]

Ontario’s real estate regulatory body, the Real Estate Council of Ontario (RECO), is raising serious concerns about whether brokerages should be allowed to facilitate transactions in cryptocurrencies such as bitcoin. “RECO is currently reviewing the use of cryptocurrencies, such as bitcoin, in real estate transactions,” says Daniel Roukema, senior adviser, external communications at RECO. “The […]

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Teranet: Toronto Real Estate Prices Stop Declining, “Entirely Due To Condos”

Teranet: Toronto Real Estate Prices [...]

Toronto real estate finally stops hemorrhaging… kind of. The Teranet – National Bank of Canada (NBC) home price index update shows Toronto prices have stopped declining. Great, the Home Price Index (HPI) declines are over! Not exactly. Toronto’s HPI saw an increase due solely to soaring condo prices, while other segments continued to drop. Composite Real Estate Prices Across […]

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Toronto Detached Real Estate Prices Fall Below Inflation, Inventory Jumps Over 195%

Toronto Detached Real Estate Prices [...]

Toronto’s detached real estate continues to explore where prices should be. Numbers from the Toronto Real Estate Board (TREB) show detached prices are starting to fall across Greater Toronto. The lower prices were accompanied by lower sales, and higher inventory. Sounds bad, but that means the market is now adopting healthy market mechanics. Healthy market mechanics is […]

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