Toronto Market Continues to Confound the Doomsayers

Toronto Area Prices April 2013

Ever since he joined Capital Economics from the Bank of Canada in late 2010, David Madani has been forecasting a 25% drop in Canadian house prices, based largely on the fact that the ratio of house prices to household incomes (a proxy for affordability) has ballooned far above the historical norm. The market has refused… Read More

Rent Control Loophole Blamed For Rising Condo Rents

The Ontario government needs to close a loophole that has created a “two-tiered system of renters” — an increasing number of them in new downtown condos where some landlords are jacking up rents as a form of economic eviction, says the head of the Federation of Metro Tenants’ Associations. The federation has had numerous calls… Read More

Patio Appeal May Add Value To Your Home

Patio

Depending on where you live, a patio might not be the kind of thing you think about during the cold, and maybe snowy, winter months. But a patio is what many people enjoy on a sunny warm afternoon. It just feels good to sit outside and sip some iced tea or lemonade. That’s the picture… Read More

Bank of Canada Still Sees Signs of Overbuilding & High Housing Values

Condo Construction

Canada’s housing market may be slowing, but the Bank of Canada still believes developers are “overbuilding” and that house values are still “stretched” in some areas. The market has cooled rapidly for several reasons, the central bank said today. And while it didn’t come out and say it, clearly policy makers believe residential real estate… Read More

Bloor West Village Reno

272 Armadale Avenue

Stunning renovation with high end finishes in terrific location, just steps from the shops, cafes, restaurants of Bloor West Village and in top rated local school districts – Runnymede PS and Humberside CI. The open concept dream kitchen has granite countertops, porcelain flooring and top shelf stainless steel appliances: Jenn-Air fridge & gas stove Blomberg… Read More

Canadian Housing Market in a Highly Unusual Place

Future Prices Uncertain

Toronto house prices are likely to continue to soften into next year, but will avoid a hotly anticipated major downturn, as “2013 finds the Canadian housing industry in a highly unusual place,” according to a new quarterly housing survey by Royal LePage. The rare combination of low interest rates, flattening house prices and an improving… Read More

Life at The Top: Canada’s Luxury Property Market

Luxury Home

Despite a slowdown in the real estate markets in Vancouver and Toronto in 2012, the long-term outlook for the luxury property markets in those cities and elsewhere in the country is bright. A new report by U.K.-based Knight Frank Research ranks Toronto ninth in the world in its list of “the cities that matter to… Read More

Victorian in the Junction

Slider

This updated Victorian home is located on a family-friendly cul-de-sac just steps from the shops, restaurants and cafes of the trendy Junction, close to High Park & Bloor West Village. A wonderful neighbourhood with great schools (Humberside & Annette), subway bus, and with easy access to major highways & downtown. Features include laneway parking, high… Read More