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March 2019 - Posts

Canada admitted 321,065 permanent residents last year
Bloomberg recently reported that Canada admitted 321,065 permanent residents last year. This is up 12% from 2017, where the country admitted 286,479. Last year was also the largest cohort since 1913 (the year before World War I), where the country admitted Read More...
Are Liberals ready to take on the risk of shared equity mortgages?
On a sunny afternoon two years ago, as panic about the overheated housing market in Canada’s big cities was spreading, three key policy-makers hunkered down in Toronto to figure out what to do. Federal Finance Minister Bill Morneau, Toronto Mayor Read More...
How rent-to-own investments solve cash flow issues
In today’s real estate milieu, where cash flowing properties are becoming more sporadic by the day, the rent-to-own model is emerging as a superior strategy with a favourable buy-in. Helping tenants take eventual ownership of a property by giving Read More...
Budget 2019 introduces the First-Time Home Buyer Incentive
Part 1. CMHC Shared Equity Loan. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage Read More...
GTA Condominium Market Q1
• New condo sales declined 58% in 2018 from a record high. • New launch prices grew by 56% over the past two years to surpass $1,000 psf in Toronto. • Annual growth in condo resale prices and condo rents moderated in Q4 to below 7%. • Read More...
A first-time homebuyer’s guide to purchasing home insurance
If you’ve ever nervously watched water drip from your apartment ceiling, or have nearly set your oven ablaze by neglecting a tray of chicken fingers, you’ve probably found comfort in your tenant’s insurance coverage. Homeownership is Read More...
Fewer new homes are being built in Canada now, and mortgage rules and affordability are to blame
Canadians who are looking to buy homes aren’t the only ones feeling the pinch from mortgage rules the federal government brought in last year. The rate of homebuilding in the country took a surprising tumble in February, and it’s related to Read More...
Canada’s central bank could pull a U-turn on interest rate hikes as the economy takes a hit
The Bank of Canada for some time has been suggesting higher and higher interest rates are coming soon — until this week. Economists are noting the central bank took on a dovish (read: less aggressive) tone at its March 6th policy meeting when it Read More...
3 key predictions for Canada’s spring 2019 housing market
Canada’s newly-minted hottest housing markets are going to see prices soar even higher this spring while struggling regions will continue plodding on. At least that’s what an economist with one of Canada’s Big Six Banks is expecting Read More...
8-floor condo intended for Bayview Ave. south of Balliol St.
Urban Toronto reports on a new proposal submitted to the City at the end of February seeking rezoning and an Official Plan Amendment to permit an 8-storey development on Bayview Ave. south of Balliol St. The proposal by Gairloch Developments calls for Read More...
'Is this real?': Hundreds of Vancouver mansions for rent, for cheap
Hundreds of multi-million dollar mansions in Vancouver that may have been empty are suddenly being listed for rent at rock-bottom prices. Observers say it’s a combination of the city’s empty home tax and the province’s speculation tax Read More...
March 2019 GTA Market Report
MARKET SUMMARY With the first two months of 2019 behind us, there was no shortage of events fueling political and economic uncertainty in Canadian markets. From Jody Wilson-Raybould’s recent response to allegations that she was pressured by the Read More...
York Region calculating rental demand figure to meet affordability targets
York Region Media wanted to unearth the level of demand and supply for rental housing in the region. The region's population is expected to grow to 1.8 million in 2041, representing the highest growth in the GTHA, with an accompanying demand for housing Read More...
8 screws every cottager should have in their workshop
Trying to figure out which screws are right for the project you’re working on? Don’t get caught up in all the choices, we’ll break it down for you. Here are 8 common screw types you might encounter, when to use them, and how to put them Read More...
Boardwalk, Redwood JV on two-tower Brampton development
Sam Kolias, chairman and chief executive officer of Boardwalk REIT, said Brampton is an ideal centre for a purpose-built rental project. “We strive to create value in all parts of the cycle in multi-family communities,” Kolias told RENX, noting Read More...