Strong Spring Market Carries Over Into July

Toronto Prices Mid July 2013

In a typical year in the Toronto area market, activity slows dramatically after the July 1 holiday weekend and prices decline significantly during the summer months. Last year was no exception: after the new & tighter mortgage financing rules were announced in June, July prices fell steeply and remained low until a weaker-than-usual fall market… Read More

International Index Gives Canada Top Marks For Housing & Safety

Happy House

Canada is a world leader in housing and community safety, says the Your Better Life Index, compiled by the Organization for Economic Co-operation and Development (OECD). The index includes 34 industrialized countries that are members of the OECD, plus Brazil and Russia. The index measures “11 dimensions as being essential to well-being”, ranging from housing… Read More

Why Do-It-Yourself Real Estate Isn’t Wise

Do It Yourself

I am all for do-it-yourself projects. If you can save a little money and learn how to do something that will be a useful skill in the future… I say, go for it! But not all projects should be tossed into the pool of do-it-yourself (DIY) tasks. There are a number of reasons why some… Read More

Ottawa’s New Rules Creating Hot Market For Homes Under $1 Million

Million Dollar Home

The hottest new Canadian housing-market niche isn’t stacked urban townhouses or suburban condo towers, but homes of any kind priced just shy of $1-million, since federal government rules began favouring homebuyers paying in the six-figure range over bidders that break the million-dollar mark. The market for homes under $1-million has become “red hot,” agents say,… Read More

New Condo Buyers Could Face Big Bills On Closing

Thousands of people who’ve bought pre-construction condos in the City of Toronto over the last two years or so could find themselves faced with an unexpected extra bill when it eventually comes time to move in. If city council goes ahead with a proposal to double development charges, those extra costs — some $7,671 on… Read More

Great Design Team For The High Park Condo

The High Park

To ensure a successful debut in Toronto‘s condo market, an A-team of designers was brought together to style The High Park. The 11-storey mid-rise planned for 1990 Bloor St. W., just across from the 161-hectare High Park — the largest park within the city. It is the first such project by development firm North Drive…. Read More

Low Interest Rate Party May Be Ending

The interest rate party for borrowers is almost over. After almost five years of historically low rates, we’ve started to see some upward movement in the cost of money. Most people watch the central banks for indications that rates are about to take off. But that’s not where the real action is. It takes place… Read More

CRA Hunting Condo Flippers

You just sold your condo, you made a hefty profit and know you have to pay your taxes. The bill might be more than you think. If it’s your principal residence, there’s no tax, as long as you have the paperwork to prove it. The Canada Revenue Agency is taking a closer look at the… Read More