First-Time Home Buyer Incentive – Will It Help?

The federal budget included a proposed measure that would see the federal government take on part of the costs of buying a home. The basic elements of the plan are: It will be available only to first-time homebuyers; It will be administered by CMHC and will only be available for CMHC-insured mortgages; Buyers must have… Read More

Toronto Considering Land Transfer Tax Increase

In early 2007, the City of Toronto instituted a Toronto Land Transfer Tax (on top of the Ontario Land Transfer Tax) as a way to increase revenues while avoiding large (and politically unpopular) increases in property taxes or decreases in expenses. This tax applies only to properties in the “Old Toronto” 416 area code. For… Read More

Torontonians Say The City Isn’t Doing Enough To Increase The Supply Of Housing

In a recent survey, Forum Research found that 69% of Toronto residents feel that the City should be doing more to increase the supply of rental housing across the city. As previously reported, there is a rental housing crisis in Toronto due to the influx of new residents, declining affordability (forcing would-be buyers to rent),… Read More

Reverse Mortgages Becoming More Popular

It’s a common story. A retired couple living in Toronto has a home that they purchased in 1985 and paid off years ago. Their home is worth about $1.5 million, but they have only a modest pension, they have been dipping into their meager savings to pay the monthly bills and maintain the house, and… Read More

New Mortgage Qualification Rules – Unintended Consequences

When the federal government introduced ‘stress test’ rules in early 2018, the intention was to make sure that buyers would be able to afford their mortgage payments should interest rates increase by the time they need to renew. Basically, the new rules require that buyers prove that they could afford to buy their home if… Read More

Toronto Homes Among the Most Overvalued in the World

The Economist magazine has published a very cool interactive chart that allows you to see at a glance how home prices in major cities around the world compare to each other over the past 20 years, and how ‘overvalued’ they are in terms of the ratio of price to household income. As you can see… Read More

Layering On The Luxe: Jewel Tones for Fall and Winter

Want to know the hottest trend for home for fall and winter? Look to your fingers. And your wrists. And your neck. Yes, those gems—more specifically, those jewel tones—are inspiring all the looks for home today. After years of taking our collective home decor in a more neutral direction (we’re looking at you, inoffensive beige,… Read More

3 Tips For Getting Started With Your Smart Home

Smart homes have become a scene straight out of The Jetsons—you can turn on your lights, set your thermostat, close the garage door, and start some music with a single voice command. But the world of smart homes can seem a little daunting if you haven’t set one up before. These simple steps will help… Read More

How To Make A Small Space Feel Larger

Pages of glossy magazines are often filled with immense rooms and oversized spaces full of grandeur and twelve-foot ceilings. But the truth is that most of us live in houses, apartments or townhomes built on a much smaller scale. When faced with the size of some of these tiny rooms, it’s easy to get frustrated… Read More

5 Home Projects Only A Professional Should Do

It’s easy for homeowners to get caught up in the world of Pinterest and do-it-yourself blogs. While unique, custom projects can be a great way to personalize or spruce up your home, some projects are better left to professional contractors. Next time a friend or client has a brilliant idea to attempt one of these… Read More