The Junction and Riverdale Work Toward Carbon Neutrality

Carbon Neutral West Toronto and East Toronto Neighbourhoods

Although the official launch parties won’t take place until next month, both Riverdale and the Junction neighbourhoods have been selected by Project Neutral to work toward becoming the first carbon neutral urban communities in the country. The result of a competitive process in which community members applied for the opportunity to participate in the environmental… Read More

Soft Inflation Data Make Interest Rate Hikes Less Likely

Inflation Remains Mild

Softer than expected inflation and retail sales data from Statistics Canada reduced some of the imperative for the Bank of Canada to raise interest rates and also knocked the Canadian dollar lower on Friday. Markets had feared more inflationary pressure after March’s 1.1 percent month-on-month rise, which pushed the annual inflation rate to 3.3 percent,… Read More

Perfect Live-In/Rent Opportunity in High Park

1 Rowland Pano for Blog

This detached 2 1/2 storey home has private double driveway and double garage and is located within easy walking distance of High Park, subway station and great schools. The extra-spacious 2nd/3rd floor unit has three bedrooms plus a den/office or 4th bedroom; updated kitchen and bath; hardwood floors; ductless air conditioner; and a large 3rd floor… Read More

Toronto Spring Market Continues to Blossom

Toronto Area Home Prices May 2011

The resale housing figures for the first two weeks of May have been released by the Toronto Real Estate Board; the charts below summarize this information. (The sales figure was derived by extrapolation.) These data show that the Toronto area market continues to shine, with prices approximately 8% higher than last May, which was itself… Read More

It’s A Renters’ Market For Condos in Toronto

It's a Renters' Market for Condos in Toronto

A flood of condominiums in the Greater Toronto Area market means that rent increases have been slowing while prices have been escalating. High prices and lower-than-expected rents are not a good recipe for investors, who buy an estimated 45 to 60 per cent of all new condominiums in the Toronto market, according to the study… Read More

Electric Airport Shuttle Trains Could Run Like A Surface Subway

Airport Shuttle Train Through West Toronto

Electrifying the city’s new airport train service in time for its 2015 opening would be the necessary first step in creating an above-ground subway connecting the downtown with the region, says the Clean Train Coalition. In a report being released Monday, the CTC recommends the province abandon its elite, business-class concept for the Pearson-to-Union Station… Read More

High Park Blooms Into Spring

Cherry Blossoms in West Toronto' s High Park

The 2011 High Park cherry blossoms were in full bloom this morning, but the real show was the sheer volume of photographers who came out to shoot them. Droves of professionals and amateurs alike descended upon the park sporting every camera type under the sun — from digital to film, DSLR’s to point and shoots,… Read More

Canada: A Land Of House-Rich Millionaires

Canada: A Land of House Rich Millionaires

We are a cocky lot in Canada about our wealth with millionaires apparently abounding everywhere. Our confidence probably got another boost with a report from the Deloitte Center for Financial Services saying there were 1,745,000 households in Canada with more than $1-million in assets in 2011. Not bad, but should some of these people really… Read More

Why You Shouldn’t Sell Your Home Yourself

Homeowner Selling Their Own Home

Allison Philpot sold her home using a For Sale by Owner marketing service. She listed her home for $419,000, and was able to create a bidding war after her first open house. She received a top bid of $429,000, which she accepted. Unfortunately, the Buyers later terminated the deal, relying on a condition in the offer. The… Read More

Home Ownership: Marriage vs Common Law

Unhappy Couple

Do you assume the house or cottage you share with your life partner belongs to both of you, or are you positive you understand who holds legal ownership? Assumptions can be expensive when it comes to money and real estate. “The garden is as much mine as yours,” yelled one homeowner to his spouse when… Read More