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November 2018 - Posts

Builders blame Ontario’s growth plan for rising home prices
The Toronto area’s land squeeze will continue to drive up home prices and commute times unless the Ontario government puts the brakes on some of the targets in the updated version of its smart growth plan, says the region’s home builders’ Read More...
Housing Can’t Be Both Affordable and a Good Investment
Promoting homeownership as an investment strategy is a risky proposition. No financial advisor would recommend going into debt in order to put such a massive part of your savings in any other single financial instrument—and one that, as we learned Read More...
SECRETS OF THE FOUR SEASONS
Nestled in the heart of Yorkville, two glass towers rise above a scarlet fountain that gently gurgles as residents pull into a parking lot with paving stones arranged in paisley patterns. The Four Seasons Private Residences Toronto is one of the most Read More...
8 REASONS WHY CHRISTMAS IS THE BEST TIME TO BUY PROPERTY
Once the calendar ticks over to December, the days start flying by and our calendars fill up with end-of-year events, Christmas shopping and holiday preparations. With all the demands on our time, many people decide to put their property plans on hold Read More...
Housing in Toronto: report shows grim rental market
The rental market in Toronto remains dismal, with a recent report from Rentals.ca showing that Toronto rents are the highest in the country, especially in the heavily student populated areas around UTSG. As of October 24, the average monthly rent for Read More...
Government partially rescinds rent control
The government of Ontario is exempting new builds from rent control. In doing so, the Doug Ford-led Progressive Conservatives are partially rescinding one of the more controversial components of the Fair Housing Plan, introduced in 2017 by the governing Read More...
Here’s how to earn a low-risk yield
By far the biggest misconception investors have is that “alternative investment,” in fact, means “risky investment.” However, they’re merely alternatives to chartered bank-sanctioned products, and they don’t necessarily Read More...
Toronto apartment inventory having trouble catching up with demand
Toronto’s apartment segment is experiencing a healthy infusion of new supply, but a new analysis by Marcus & Millichap indicated that the rate of addition is not proving enough to address the inflamed levels of demand for the city’s residential Read More...
Townhouses fill gap in GTA
Grappling with affordability in the low-rise market and paucity of space in condo apartments, Greater Toronto Area homebuyers are flocking to townhouses in droves. In 2008, townhouses comprised only a quarter of sales in the low-rise sector, but as of Read More...
BoC publishes mortgage, home price reports as part of new service
The Bank of Canada has launched a new part of its website dedicated to promoting stability of the financial system. The Financial System Hub includes reports and insights which it says gives it the flexibility to “discuss new financial system developments Read More...
National home sales activity lost momentum in October – CREA
Canadian home sales were lower in October than in the previous month and activity decreased from a year ago. Figures from CREA show a 1.6% decline in sales month-over-month while activity was down 3.7% year-over-year (not seasonally adjusted). There were Read More...
Home prices fell last month except in one area
A leading measure of Canadian home prices declined in October nationwide although one housing market bucked the trend. The Teranet-National Bank National Composite House Price Index was down 0.4% compared to September, only the fourth time in the index’s Read More...
Preparations for waterfront development moving forward
City has been working since 2012 to implement Downtown Tomorrow Plan’s long-term vision to better connect the downtown to its waterfront Setting the stage for downtown waterfront development in the City of Orillia is in full-swing. The City of Orillia Read More...
Still no firm launch date for LRT but signs of progress
It’s looking more certain that the $2.1-billion Confederation Line LRT will open near the end of next March, although the city is nervous about promoting another launch date after it aborted the first two. The city’s transportation general Read More...
Realtors prepare for annual blanket drive
Realtors in Vancouver’s Lower Mainland will be launching their coordinated effort to help people in need next week. The Realtors Care Blanket Drive is the largest of its kind in the Lower Mainland and, now in its 24th year, aims to collect enough Read More...
4 in 10 Canadian workers find their debts "overwhelming"
A large proportion of Canadian workers are living in the shadow of debts that they say are overwhelming. Four in 10 respondents to a new survey by the Canadian Payroll Association expressed that sentiment, up 5% from a year ago; while more than a third Read More...
Are your rental apartment buildings safe?
A new advertising campaign is urging renters in Toronto to ensure their landlords comply with RentSafeTO. The program requires rental apartment owners to comply with building operation and maintenance standards. It was launched in 2007 and applies to Read More...
Downtown condos remain Ontario’s priciest homes per square foot
The price per square foot (PPSF) of a downtown Toronto condo increased more than 10% in the last year according to a new survey from CENTURY 21 Canada. It found that the PPSF of a downtown Toronto condo rose to $903 from $819 in 2017, while suburban prices Read More...
My Informed Advantage for the Canadian New Homes Industry
September 2018 GTA New Home Sales Recap There were 1,747 total new home sales in September 2018, with 253 Low Rise sales, down -28% from September 2017 (down -77% from 10yr avg) and 1,494 High Rise sales, down -22% from September 2017 (down -42% from Read More...
nvestors remain confident in GTA housing market says CBRE
The moderation of the single-family housing market in the Greater Toronto Area has not dampened the market for residential land. Demand and prices remain strong as population growth meets with constrained supply. That means increased competition for residential Read More...
Home Equity Loan vs HELOC: Which is Right for You?
Whether it’s to afford a home renovation, invest in a child’s education or simply pay for unique expenses – like weddings and funerals – a home equity loan or a home equity line of credit are popular borrowing options for Canadian Read More...
CMHC forecasts ‘moderation’ in Canadian housing market over next two years
OTTAWA — Canada Mortgage and Housing Corp. says the country’s real estate market is expected to moderate over the next two years as the growth in housing prices is expected to slow to more in line with economic fundamentals. In its 2018 housing Read More...
News InFocus Investor Resources Mortgage Calculators Subscribe IN FOCUS: Real Estate Mentoring The risks for an investor who ignores help
Real estate investors who think they can do everything are playing a very risky game. Whether it comes from an elevated sense of pride or a desire to save money, investors who refrain from educating themselves and finding mentors are seriously inhibiting Read More...
TREB releases Oct. home prices
TORONTO _ Strong sales in the condo and higher-density low-rise markets helped drive home prices in the Greater Toronto Area higher last month, compared with a year ago. The Toronto Real Estate Board says the average sale price was $807,340 in October, Read More...
Private lending attracts Toronto homeowners
Toronto homeowners are reportedly turning to private lenders for mortgage loans, due to increasing interest rates and tougher lending standards implemented by most banks and conservative lenders. According to Toronto brokerage Realosophy and property Read More...
Report shows satisfaction rates up among young homeowners
A recent report revealed that, despite admitting to making some compromises, most modern families in key urban areas throughout Canada are satisfied with their property purchases. In a recent report released by Mustel Group and Sotheby’s International Read More...
Industrial, retail spaces feeling the pressure of pot shortages
Major cannabis producers and sellers are struggling to keep up with the enormous demand for the plant after it was legalized last month. Canadians’ craving for the herb was such that shortages have become all too apparent in the few short weeks Read More...
Private mortgages soar in popularity, are ripe for investment
According to a report released this week, private lenders funded 20% of mortgage refinances in the second quarter of this year, highlighting how profitable mortgage investment is becoming. The joint report between Teranet and Realosophy also revealed Read More...
Real estate agent lists abandoned New Zealand village for $2.4m
A real estate agent in New Zealand has gained worldwide attention for an unusual listing. Kelli Milmine of One Agency in Oamaru is handling the listing of a village that has been mostly abandoned since 1989 after its main employer, a dam, was automated. Read More...
Ontario Realtors support repeal of mandatory home energy audits
A decision to put the brakes on mandatory home energy audits has been welcomed by Ontario Realtors. The government’s decision to repeal the Green Energy Act 2009 is good news for home sellers who would have been required to include results from Read More...
Canadians should get slighter bigger pay checks next year
Pay checks for non-unionized Canadian workers should grow slightly more in 2019 than they did this year. A new report from the Conference Board of Canada forecasts an average 2.6% year-over-year increase in wages next year, up from 2.4% in 2018. Those Read More...
New GTA condo prices up 11% despite increased supply
Condo prices continue to rise in the Greater Toronto Area even as new supply eases inventory pressures. The average selling price of actively-marketing projects in the third quarter of 2018 was $745 per square foot, up 11% year-over-year. For unsold units, Read More...