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What Does 2017 Hold For GTA Real Estate?

What Does 2017 Hold For GTA Real Estate?

Is 2017 the year that the sizzle starts to sputter on the Toronto region’s overheated real estate market? That’s possible, says John Pasalis, of data-digging brokerage Realosophy near Queen and Leslie Sts. “As the craziness continues, I suspect that might trigger some bigger changes,” he said in reference to government measures already implemented this year […]

First-Time Buyers Beware!

First-Time Buyers Beware!

If you’re a first-time homebuyer hoping to live in the big city, beware the government’s new borrower “stress test.” It could relegate you to the ’burbs. The new rule requires all insured borrowers to prove they can afford a payment at the posted five-year fixed rate (which is currently 4.64 per cent). That could kill […]

Develop Your Own Pension Plan With Real Estate

Develop Your Own Pension Plan With Real Estate

Steward Kinmond, 70, and Barbara Sibbald, 58, in front of their mortgage-free new-build, close to Parliament Hill. (Photography by Jessica Deeks). © Used with permission of / © Rogers Media Inc. 2016 Every morning, Barbara Sibbald and her husband Stewart Kinmond gaze out across their big backyard and watch the sunrise. Directly behind them is part […]

Chinese Perspective On Canadian Real Estate

Chinese Perspective On Canadian Real Estate

SHANGHAI — While Canadians complain about inflated real estate prices, try buying a home in Shanghai. A two-bedroom unit in “Wonderful Place,” a complex of highrise towers in the city’s northeast, has no closets, a galley kitchen, a minuscule balcony crammed with clothing racks and an extra fridge in the living room. While the grounds […]

International Housing “Hacks” Toronto Can Learn From

International Housing “Hacks” Toronto Can Learn From

Metro has complied a few “housing hacks” from around the world to give you a glimmer of hope — or inspiration — for 2017. Students Share with Seniors While it might put a damper on partying, the logic at NYU is student budgets are strained and retired people have space. The University has launched a […]

Tech Industry Strengthens Canadian Commercial Real Estate Market

Tech Industry Strengthens Canadian Commercial Real Estate Market

The booming tech industry may lead to more commercial construction as developers and landlords look to capitalize on growing demand for office space, suggests Jones Lang LeSalle, a real estate services firm. In Vancouver, Toronto, Kitchener-Cambridge-Waterloo and to an extent Montreal, expansion in local tech industries is leading to tighter vacancy rates for offices, says […]

Ontario Courts: Condos Can Ban Airbnb’s

Ontario Courts: Condos Can Ban Airbnb’s

In a ruling that could have wider implications, an Ontario court has said that condominium corporations have the authority to ban unit owners from renting out their properties on services such as Airbnb or Expedia. In a 14-page decision released Thursday, Justice Robert Beaudoin of the Ontario Superior Court ruled that the owners of an […]