43 Latitude

43 Latitude Greater Toronto based real estate consulting.

As a real estate agent, my mission is to provide clients with a seamless and stress-free experience by leveraging my strengths in organization, timely responses, and attention to detail. I am committed to continuously improving my skills, particularly in creating workflows, to ensure that my clients receive the highest level of service. My values of simplicity, efficiency, and effectiveness guide me in delivering exceptional results that exceed client expectations.

Ontario is set to temporarily expand its HST rebate to all buyers of newly built homes, not just first-time purchasers. ...
03/25/2026

Ontario is set to temporarily expand its HST rebate to all buyers of newly built homes, not just first-time purchasers. The program will run from April 1, 2026, to March 31, 2027, and applies to homes used as either a primary residence or rental property.

Eligible buyers can receive up to $130,000 in rebates on new homes valued at $1 million or less, with reduced rebates available for homes priced up to $1.85 million.

The initiative is a joint effort between Ontario and the federal government, expected to deliver $2.2 billion in tax relief, stimulate construction, and create jobs.

From a real estate perspective, this move could increase demand for pre-construction and new builds, while helping improve affordability and housing supply across the province.

This chart compares three major housing downturns: Canada’s current cycle (2022 peak), the U.S. housing crash that began...
03/04/2026

This chart compares three major housing downturns: Canada’s current cycle (2022 peak), the U.S. housing crash that began in 2007, and Ontario’s housing correction in the early 1990s.

All three lines are indexed to 100 at the market peak, allowing a clear comparison of how housing markets typically decline and recover over time.

Canada’s current housing downturn shows a moderate decline compared with past cycles. After peaking in 2022, prices fell quickly but appear to have stabilized around the mid-80 range on the index. This suggests a correction of roughly 15–20% from the peak, depending on the market.

When compared to the U.S. housing crash of 2007, the Canadian decline so far has been less severe. The U.S. market fell deeper and took longer to recover, with prices bottoming several years after the peak before gradually climbing back.

The Ontario housing downturn in the early 1990s also experienced a long recovery period, with prices taking more than a decade to fully regain their previous peak.

The key takeaway from the chart is that housing cycles often take years to fully recover, and corrections are a normal part of the market cycle. Canada’s current downturn appears to be less dramatic than past housing crises, but the recovery timeline may still take several years.

The following key points summarize the changes made to the Residential Tenancies Act, 2006 by Ontario's new Bill 60:1 - ...
11/25/2025

The following key points summarize the changes made to the Residential Tenancies Act, 2006 by Ontario's new Bill 60:

1 - Eviction Notice Timeline: Landlords will be able to issue rent-arrears eviction notices with just 7 days (instead of the current 14 days) before they can apply to the Landlord and Tenant Board (LTB).

2 - Tenant Defense Limitations: Tenants may face a reduced ability to raise new issues (such as maintenance or harassment claims) during LTB arrears hearings unless they pay 50% of the arrears claimed by the landlord upfront.

3 - The appeal/review period for LTB decisions will be shortened (for example, moving from 30 days to around 15 days) to speed up resolution.

4 - Landlords evicting for their own personal use will have reduced tenant‐compensation requirements (meaning tenants may get less or no extra notice/compensation when landlord moves in).

5 - The new law includes administrative changes to the LTB: less ability for the LTB to “set aside” default eviction orders, stricter timelines and less scope for delay.

6 - For tenants: increased risk of faster eviction and fewer protections, particularly for those with low income, newcomers, or in precarious situations.

7 - For landlords: faster access to eviction and arrears processes, less red-tape in some tenancy-dispute areas and potentially quicker turnover of units.

8 - A broader context: the bill also amends non-tenancy laws (e.g., water & wastewater corporation powers) which may indirectly affect rental housing (e.g., cost of services or infrastructure changes).

Ontario is offering first-time homebuyers a full 8% HST rebate on new homes priced up to $1M, with phased rebates for ho...
10/28/2025

Ontario is offering first-time homebuyers a full 8% HST rebate on new homes priced up to $1M, with phased rebates for homes up to $1.5M (minimum $24K). Combined with federal relief, buyers could save up to $80K. The move may boost demand for new builds, though broader affordability and supply issues persist.

When combined with the federal government’s proposed removal of its 5 per cent portion of the HST, which would save up to $50,000 off the cost of a new home, total savings for first-time home buyers would equal up to $130,000.

A recent RE/MAX Canada report highlights a significant shift in Canada's housing landscape, with a growing number of Can...
05/07/2025

A recent RE/MAX Canada report highlights a significant shift in Canada's housing landscape, with a growing number of Canadians opting to rent rather than buy homes. This trend is primarily driven by escalating home prices, stringent mortgage regulations, and increased development costs, which collectively hinder potential buyers from entering the housing market.

Key Observations from the Chart:
1️⃣ Every city listed shows a decline in homeownership, with some sharper than others.
2️⃣ Vancouver and Halifax experienced the most notable drops. Halifax's rate fell from ~63% in 2006 to below 59% in 2021.
3️⃣ Nationally, Canada’s homeownership rate declined from around 68.4% in 2011 to 66.5% in 2021.
4️⃣ Toronto, Ottawa, and Hamilton, which had similar ownership rates around 68% in 2011, now sit below 66%.

Preparing your home for a spring sale involves more than just tidying up - it's about showcasing a well-maintained prope...
04/30/2025

Preparing your home for a spring sale involves more than just tidying up - it's about showcasing a well-maintained property that appeals to potential buyers. Below is a 15-task spring cleaning checklist to help sellers achieve this goal.​

EXTERIRO ENHANCEMENTS:
1 - Power wash the exterior and walkways to remove grime and boost curb appeal.
2 - Deep clean windows inside and out for brighter interiors and better photos.
3 - Refresh the front door with cleaning, new paint, and polished hardware.
4 - Tidy garden beds by weeding, trimming, and adding fresh mulch.
5 - Clean outdoor living areas to make them inviting extensions of the home.​

INTERIOR IMPROVEMENTS:
6 - Dust and clean light fixtures and ceiling fans to enhance lighting.
7 - Deep clean carpets and rugs to eliminate stains and odors.
8 - Wash walls, trim, and baseboards to remove scuff marks.
9 - Declutter entryways and hallways for a spacious feel.
10 - Eliminate odors and deodorize furniture for a fresh atmosphere.
11 - Clean kitchen appliances and backsplash to impress buyers.
12 - Organize cabinets to showcase ample storage space.
13 - Scrub bathrooms until they shine, creating a spa-like experience.
14 - Change HVAC filters and clean vents to improve air quality.
15 - Test and replace light bulbs to ensure consistent lighting.

Implementing these tasks can make your home more appealing, potentially leading to quicker sales and higher offers.

The Competition Bureau of Canada has initiated an investigation into whether landlords are employing AI-driven software ...
04/25/2025

The Competition Bureau of Canada has initiated an investigation into whether landlords are employing AI-driven software to set rental prices, potentially leading to inflated rents and reduced market competition. Central to this probe is RealPage's YieldStar platform, a tool that analyzes rental data to suggest pricing strategies.

This Canadian inquiry mirrors a significant antitrust lawsuit in the United States, where the Department of Justice, along with eight states, sued RealPage in August 2024. The lawsuit alleges that RealPage's algorithm collects nonpublic rental data from landlords, using it to recommend rent prices, thereby driving up costs and limiting competition.

The Competition Bureau has stated that while details of the ongoing investigation remain confidential, any evidence of activities contravening the Competition Act will prompt appropriate action.

As of April 1, 2025, the Greater Toronto and Hamilton Area (GTHA) recorded 267 active tower cranes, a decrease from 279 ...
04/03/2025

As of April 1, 2025, the Greater Toronto and Hamilton Area (GTHA) recorded 267 active tower cranes, a decrease from 279 in the previous quarter, marking the lowest count in three years. Toronto's crane count declined to 154 from 162, while Peel, Halton, and York regions collectively maintained 92 cranes, offsetting some of Toronto's reduction. Durham and Hamilton saw slight increases, indicating growing construction activity beyond Toronto's core.

Despite the overall decline, large-scale developments continue, contributing to a substantial pipeline of new dwellings, offices, and institutional spaces. Fewer cranes today may translate into delayed completions and tighter inventory down the line, especially in Toronto’s already pressured housing market. Economic uncertainties and shifting federal policies further cloud the outlook for consistent development activity.

Source: Urban Toronto

Conservative Leader Pierre Poilievre has unveiled the Canada First Reinvestment Tax Cut, a policy designed to stimulate ...
03/31/2025

Conservative Leader Pierre Poilievre has unveiled the Canada First Reinvestment Tax Cut, a policy designed to stimulate domestic investment by deferring capital gains taxes for individuals and businesses that reinvest proceeds within Canada. Under this plan, sellers of assets can defer capital gains taxes if they reinvest the proceeds into Canadian ventures, with taxes applied only when funds are eventually withdrawn or moved abroad.

The initiative is set to run from July 1, 2025, to December 31, 2026, with the potential for permanency based on its economic impact. Poilievre emphasizes that this approach will unlock capital for sectors like homebuilding, small businesses, technology, and manufacturing, thereby fostering job creation and economic growth. The policy also aims to counteract the significant capital outflow experienced over the past decade, positioning Canada towards greater economic self-reliance.

The City of Toronto has expanded its Certified Plans Program to accelerate housing development by allowing builders and ...
03/21/2025

The City of Toronto has expanded its Certified Plans Program to accelerate housing development by allowing builders and designers to reuse approved designs without undergoing a full permit review for each application. This initiative reduces approval timelines and costs, facilitating more rapid construction. The program now encompasses a broader range of housing projects, including detached houses, semi-detached houses, townhouses, multiplexes, laneway suites, garden suites, and solar domestic hot water systems.

Additionally, the City supports the use of modular or prefabricated construction methods for eligible building types. While certified plans bypass repeated full reviews, site-specific assessments, such as zoning compliance, remain mandatory for all permit applications.

Prime Minister Mark Carney has announced the elimination of the Goods and Services Tax (GST) for first-time homebuyers p...
03/21/2025

Prime Minister Mark Carney has announced the elimination of the Goods and Services Tax (GST) for first-time homebuyers purchasing homes valued under $1 million. This initiative aims to improve housing affordability and supply across Canada. By removing the 5% GST on eligible properties, the government seeks to reduce the financial burden on new homeowners and stimulate the housing market.

🔑 The commitment will save Canadians up to $50,000 on the cost of a home.

On March 19, 2025, the City of Toronto and the Government of Canada announced a landmark agreement involving $2.55 billi...
03/20/2025

On March 19, 2025, the City of Toronto and the Government of Canada announced a landmark agreement involving $2.55 billion in low-cost financing to construct 4,831 rental homes, including at least 1,075 affordable units. The City will contribute approximately $234.83 million through financial incentives such as relief from development charges, fees, and property taxes.

Notable projects include:
1️⃣ Quayside: 1,267 rental homes, complementing a recent $975 million investment to support 14,200 new homes along Toronto’s waterfront.
2️⃣ 49 Ontario St.: 1,226 rental homes.
3️⃣ 50 Wilson Heights Blvd.: 767 rental homes.
4️⃣ 777 Victoria Park Ave.: 705 rental homes.
5️⃣ 250 Wincott Dr.: 370 rental homes.
6️⃣ 26 Gilder Dr.: 341 rental homes.
7️⃣ 3379-3385 Lawrence Ave. E.: 155 rental homes.

This initiative aligns with Toronto's 10-year objective to approve 65,000 rent-controlled homes by 2030, encompassing 41,000 affordable rentals, 6,500 rent-geared-to-income units, and 17,500 rent-controlled homes.

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