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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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[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).
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