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Stats on foreigner investor ownership [condominium]
Foreign owners of condos comprised 3.5 percent of the market in Vancouver and 3.3 percent in Toronto, according to a report from Canada Mortgage & Housing Corp. which surveyed property managers. That’s up from 2.3 percent in Vancouver last year Read More...
NO extension on Municipal Land Transfer Tax
December 1, 2015 -- The Minister of Municipal Affairs and Housing, Ted McMeekin announced today that the government will not give municipalities outside of Toronto the ability to charge a municipal land transfer tax (MLTT). YOU SAID "NO" AND Read More...
How transportation impacts real estate prices
Being around public transportation wasn’t always a good choice when it came to real estate. After World War II, downtown living was frowned upon and people flocked towards the suburbs in order to find larger and greener land. As a result, real estate Read More...
How to sell a home during holiday season
Although listing a home too close to Christmas isn’t ideal in many cases, it can yield positive results if done properly. One advantage of selling a property around the holidays is that there’s typically less competition. With fewer listings Read More...
Can tenants break their lease too easily?
Most landlords get their tenants to sign a minimum one-year lease. This is usually done to give them some peace of mind, knowing their rental properties will be occupied for at least 12 months. What most landlords don’t realize, however, is that Read More...
Survey: 1/3 of investors are unprepared for investing
The survey, published by the Real Estate Council of Ontario (RECO), found that 26 per cent of investors wished they had a better grasp of the buying process, 21 per cent wished they had looked at more properties and 14 per cent wished they had a better Read More...
Real estate values differ widely across the country
October 22-2014 In its monetary policy report today, the central bank said housing activity “has been more robust than anticipated, buoyed by continued very low mortgage rates and exhibiting strength beyond a rebound from weather-depressed levels Read More...
Toronto’s shifting demographics
The city continues to grow, with a population of 2,771,770 million in 2013. Toronto’s seniors account for 14.5% of the population and the city now has a “Seniors Strategy” aimed at making Toronto an “age-friendly city.” Toronto’s Read More...
Rental vacancies drop despite GTA condo boom: Report
The rental market remains tight across the GTA despite a surge of new condos over the last five years. The rental market remains tight across the GTA — and especially in the highly-coveted downtown core — despite a surge of new condos over Read More...
The 10th most popular bathrooms of 2012
Each of 2012's favorite bathrooms offers something different. Some inspire organizational ideas, others present creative tiling techniques, while still others make use of color and natural light. Take a look by clicking on the link below — one Read More...
Why GTA housing market will stay strong in 2013
Many economists predicted a local real estate crash this year, with prices falling by up to 25 per cent. I didn’t see that prediction coming true and it didn’t. Nor will do I believe it will happen in 2013. Here’s why: 1. Homes are more Read More...
Microsoft store, its first in Canada, is scheduled to open at Yorkdale mall in Toronto
Grand Opening: November 16th, 2012 The design of the Microsoft stores in the U.S. incorporates many of the elements that made Apple stores a hit – gleaming wood floors, lots of glass and products to sample. Microsoft has added big comfy chairs and Read More...
When can you walk away from a house deal?
Check out these questions and answers before making decision to walk away from the deal you made last night. Can a buyer sign an offer and then walk away? The Ontario real estate contract gives a buyer 24 hours to pay the deposit, once the offer is accepted Read More...
Did you know that the average Canadian household is more than $40,000 richer than the average American household? Part 2
[by Michael Adams , special to The Globe & Mail] Part 2: Canadians have traditionally been the cautious, fiscally conservative society, watching American economic dynamism from a safe remove (and subsisting on a small cut of the branch-plant spoils). Read More...