admin, Author at Iris Estate

Updates to controversial rental licence rules coming in Brampton

By admin March 7, 2025Uncategorized

Brampton is set to announce significant changes to its residential rental licensing program, which has faced criticism from landlords. The program requires property owners with four or fewer units in…

GTHA: Townhouses Hold Their Ground

By admin March 6, 2025Uncategorized

Townhouse sales in the Greater Toronto Area remained steady in 2024, with 3,255 units sold. Demand for townhouses surged in Q4 2024, reaching a two-year high and making up 60%…

Is the GTA Housing Market on the Rise Again?

By admin March 5, 2025Uncategorized

Market analysts predict steady home sales in 2025, supported by improving economic conditions and buyer confidence. Potential further rate cuts could enhance affordability, encouraging more buyers to enter the market.

Tax Breaks Fuel Short-Lived Toronto Rental Surge

By admin March 3, 2025Uncategorized

Tax cuts led to a temporary increase in rental construction in Toronto, but the effects were short-lived. The GTHA saw rental starts surge from 16% to 27%, tripling in Toronto…

Important information about your 2025 property taxes

By admin March 1, 2025Uncategorized

The City of Brampton has issued its interim property tax bills for 2025, with payments due on February 19, March 19, and April 23. Continue to full article

New $1,000 fines for small rental bedrooms and occupancy limits introduced in Brampton

By admin February 28, 2025Uncategorized

Brampton has introduced new fines of up to $1,000 for landlords who overcrowd rental properties. The updated bylaws set occupancy limits based on room size, with specific square meter requirements…

Reforming Development Charges: Cutting GTA Housing Costs?

By admin February 27, 2025Uncategorized

Development charges have soared up to $163,000 per home in GTA, increasing housing costs significantly.Development charges fund vital infrastructure like water, roads, and sewage for new housing projects in Ontario.

GTA New Home Sales Plummet to 40-Year Low

By admin February 26, 2025Uncategorized

GTA new home sales hit a 40-year low in December, with only 310 units sold.New condo sales in December ↓ 63% yearly, and were 86% below the 10-year avg.

Toronto Boosts Homeownership Aid for Higher Earners

By admin February 24, 2025Uncategorized

Toronto expands support for higher-income earners, enabling families earning up to $160,000 to access homeownership aid. The Home Ownership Assistance Program (HOAP) eligibility now includes households in the 80th income…

GTHA Condo Sales Plummet 64%

By admin February 20, 2025Uncategorized

New condo sales in GTHA dropped 64% at the end of 2024, marking the lowest sales since 1996. Investor challenges, including negative cash flow and financing difficulties, contribute to the…