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Transparent Bidding Could be Coming to Ontario Real Estate- Kingmount Capital
  After asking for more transparency in real estate transactions for years, the government may soon give people what they want. The Ontario government is looking to modernize the Real Estate and Business Brokers Act (REEBA).   Currently, the seller’s real estate broker is only required to reveal the number of other offers. The details...
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Mall Retail Real Estate Most Profitable in Toronto- Kingmount Capital
  When it comes to real estate, Toronto is the driving force in Canada. The city’s residential, commercial, and industrial real estate have been steady, with Toronto’s residential real estate market carrying Canada in 2018. Now it was just announced that Toronto’s retail space in malls was the most profitable in all of Canada.  ...
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Toronto’s Condos Market Expected to Stabilize in 2019- Kingmount Capital
  Real estate in Toronto had a rocky 2018, but while detached homes had their ups and downs condo sales remained strong throughout the year. In fact, Toronto’s condo sales boosted not just Toronto’s real estate market all year, but also all of Canada’s.   Condo sales and prices have been increasing in Toronto for...
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Proposed Legislation Could Open Up Greenbelt to Development- Kingmount Capital
  The Greenbelt, 7,200 square kilometers of protected green space that rings the Golden Horseshoe, is up for discussion again.   During his Ontario Premier campaign, Doug Ford caused an uproar when he announced his intention to open up the Greenbelt for development. Ford’s idea was to use some of the large supply of underdeveloped...
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Toronto is Getting a New Amazon Office After All- Kingmount Capital
  Toronto was thrilled when it landed on Amazon’s shortlist for their HQ2 headquarters this spring. It was the only Canadian city to make the list of 20, which was an achievement in itself. While Amazon ultimately ended up splitting their HQ2 location between Long Island City, New York and Crystal City, Virginia, it seems...
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Bank of Canada Makes Decision on Interest Rate- Kingmount Capital
The Bank of Canada made their decision regarding interest rates on Wednesday, December 18th. They ultimately decided to leave the rate unchanged as they stated that future hikes would depend on a number of factors.   The Bank is maintaining the current interest rate at 1.75 per cent. The interest rate was last increased in...
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Toronto’s Commercial Real Estate Market is Thriving- Kingmount Capital
While Toronto’s residential real estate market continues to be shaky, its commercial real estate market is thriving. Even as supply dwindles, demand remains high. The low supply and high demand have pressured prices upward, great news for commercial real estate investors.   A recent report by Morguard found that Toronto’s stable economy is a bonus...
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Canadian Real Estate Developers Increasing China Marketing- Kingmount Capital
  As home sales continue to remain low across Canada, real estate developers are looking beyond its borders. More specifically, they are now eyeing Mainland China.   Juwai.com, the largest overseas property website in China, recently conducted a survey on real estate developers. It found that over a third of Canadian developers are looking to...
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How Canada Boosting Immigration Will Impact Real Estate- Kingmount Capital
The Canadian government recently announced that Canada would increase its immigration intake. Immigration Minister Ahmed Hussen made the announcement that by 2021 Canada would accept 350,000 individuals a year as part of a three-year immigration plan.   The majority of these works will come under programs designed to fill skill shortages in the labor market....
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Home Sales in the GTA Increased in October-Kingmount Capital
  Toronto’s real estate market has been a little rocky this year. The market had a slow start to the year, but home sales and prices have risen during the summer and fall months.   October saw strong sales compared to this time last year. The Toronto Real Estate Board says the average sale price...
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