Toronto real estate market news & info
During the first half of 2012 we had a very hot (maybe even superheated) market, with crazy bidding wars everywhere. Then in July the government introduced new mortgage rules, most notably limiting amortization to 25 years for insured (less than 20% down) mortgages. This led to a marked slowdown with fewer sales than in the… Read More
Under the law, you can’t prevent a tenant from bringing a pet into your property, unless it is a condominium and the building declaration says no pets. So even if a landlord and tenant sign a lease that says no pets, the tenant can bring 2 dogs and 4 cats the next day and there… Read More
Putting your home up for sale can be a tough decision, but once made and the ball is rolling, you may not be able to change your mind. Last week’s column about a $3.3 million home sale that went wrong for the seller prompted several related questions from readers. via moneyville.ca The system for… Read More
The Clean Train Coalition is seeking leave to appeal a recent decision of the Ontario Divisional Court to deny access to justice for claims based on the right to a healthy environment. The Coalition was not entitled to argue its case challenging the Metrolinx plan to run diesel trains on the air rail link from… Read More
The development application for the condo development on the site of the old Swansea Plaza at 34-50 Southport Street has been approved by Etobicoke York Community Council. After more than 10 years since the abandonment of the plaza, and after two earlier tries by another developer, it looks like construction will actually take place sometime… Read More
British Columbia developer Tien Sher is planning to offer the country’s smallest condominium units, at just 290 square feet. The Surrey development will be in a four-storey building with 56 “micro” suites, the developer says. “We wanted to build suites that renters could afford to purchase today,” says Charan Sethi, president of Tien Sher. “With… Read More
Exceptionally large Alderwood family home with almost 3000 sq ft of living space on three levels. Stunning totally open main floor living space including a gorgeous kitchen with granite counters, stainless steel appliances and large centre island. Walk-out from the great room to a wood deck and a large fully fenced private yard. The upper… Read More
A matrimonial home is recognized as a very special asset by the law in Ontario. That means that if the home is sold, it will usually be divided equally between the married couple, regardless who paid for it. Even if only the husband or the wife is on title to the property, it will take… Read More
