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Pay Down Your Mortgage Or Invest?

Pay Down Your Mortgage Or Invest?

With home values rising by 20 per cent or more each year in the sizzling markets of Vancouver and Toronto, the unprecedented returns are outstripping even risky investments. In 1996 the average price of a Vancouver-area home was $288,300; in 2016 it’s $879,600. In the Greater Toronto Area, in 1996 it was $198,150 and now […]

Mortgage Insurance Premiums Set To Rise

Mortgage Insurance Premiums Set To Rise

Canada’s federal housing agency is hiking the cost of mortgage loan insurance for homebuyers starting March 17, as part of new regulatory requirements requiring it to hold more capital to offset risks in the country’s red-hot real estate market. Canada Mortgage and Housing Corp. said Tuesday it doesn’t anticipate the increases will have a major […]

Market Stats – December 2016

Market Stats – December 2016

“The strongest annual rate of sales growth in 2016 was experienced for condominium apartments followed by detached homes. A relatively strong regional economy, low unemployment and very low borrowing costs kept the demand for ownership housing strong in the GTA, as the region’s population continued to grow in 2016.” TREB

Pleas To City Hall To Make Home Ownership More Attainable

Pleas To City Hall To Make Home Ownership More Attainable

Toronto’s budget subcommittee got an earful at Toronto City Hall Tuesday as members of the public, union leaders and business associations lined up to give their input into Toronto’s operating budget. The hearings into the 2017 operating and capital budgets have been going on in civic centres around Toronto for nearly a week, but on […]

Is Vaughan Ready For A Condo Boom?

Is Vaughan Ready For A Condo Boom?

The CN Tower defines Toronto’s skyline. Roller-coasters define Vaughan’s. For now, anyway. One real estate developer is hoping to build condo towers, stretching 51- and 53-storeys tall, in an area that will soon be the city’s downtown core. Other new buildings are already springing up in the same area — dubbed the Vaughan Metropolitan Centre […]

Crackdown On Chinese Funds?

Crackdown On Chinese Funds?

Everything that happens can be experienced as alarming. In Canada, for example, the pouring of money across the Pacific from China may (or may not) be a takeover of great swaths of real estate in Vancouver and Toronto, leaving young people unable to find a reasonably affordable place to buy and live in. The federal […]

Market Outlook 2017

Market Outlook 2017

Despite a predicted decline in sales activity for 2017, most of Ontario’s housing markets won’t experience price declines this year. That’s because the inventory on single family homes continues to be dramatically low, making it a seller’s market in most of the Greater Toronto and Golden Horseshoe areas. How inventory is dictating prices Housing stock […]

Airbnb: To Snitch Or Not Snitch?

Airbnb: To Snitch Or Not Snitch?

Shawn Micallef: It took me a while to realize my neighbour was running an Airbnb across the hall in my rental building. It’s a slow thing to notice. There are longer hellos and goodbyes at the door, suggestions to go to the ROM, and one morning three guys came out with an empty case of […]