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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 […]

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 […]