Canadian real estate investors are often dissuaded from purchasing American properties because of the exchange rate, but a lot of needless headaches can be avoided by receiving U.S. financing from select Canadian banks. “A $400,000 home in the U.S. will become $532,000CAD, so the U.S. mortgage makes sense to mitigate the impact of the weak […]
The Toronto area’s land squeeze will continue to drive up home prices and commute times unless the Ontario government puts the brakes on some of the targets in the updated version of its smart growth plan, says the region’s home builders’ association. The dwindling supply of greenfield lands where builders have traditionally developed subdivisions, along […]
Promoting homeownership as an investment strategy is a risky proposition. No financial advisor would recommend going into debt in order to put such a massive part of your savings in any other single financial instrument—and one that, as we learned just a few years ago, carries a great deal of risk. Even worse, that risk […]
Nestled in the heart of Yorkville, two glass towers rise above a scarlet fountain that gently gurgles as residents pull into a parking lot with paving stones arranged in paisley patterns. The Four Seasons Private Residences Toronto is one of the most prestigious condo developments in Canada, a place where the moneyed elite can live […]
Once the calendar ticks over to December, the days start flying by and our calendars fill up with end-of-year events, Christmas shopping and holiday preparations. With all the demands on our time, many people decide to put their property plans on hold until the new year. However, you may be surprised to know that our […]
The rental market in Toronto remains dismal, with a recent report from Rentals.ca showing that Toronto rents are the highest in the country, especially in the heavily student populated areas around UTSG. As of October 24, the average monthly rent for a one-bedroom was $2,166, and a two-bedroom was $2,589. a popular website for apartment […]
The government of Ontario is exempting new builds from rent control. In doing so, the Doug Ford-led Progressive Conservatives are partially rescinding one of the more controversial components of the Fair Housing Plan, introduced in 2017 by the governing Ontario Liberal Party. Existing tenancies are still subject to rent control. “Many people in Ontario face […]
By far the biggest misconception investors have is that “alternative investment,” in fact, means “risky investment.” However, they’re merely alternatives to chartered bank-sanctioned products, and they don’t necessarily carry more risk. Alternative means different in size, scope, duration, or even investment type. Educating clients can be a challenge, and much of that has to do […]
Toronto’s apartment segment is experiencing a healthy infusion of new supply, but a new analysis by Marcus & Millichap indicated that the rate of addition is not proving enough to address the inflamed levels of demand for the city’s residential spaces. The Toronto Multifamily Spotlight report for November 2018 stated that the first 3 quarters […]
Grappling with affordability in the low-rise market and paucity of space in condo apartments, Greater Toronto Area homebuyers are flocking to townhouses in droves. In 2008, townhouses comprised only a quarter of sales in the low-rise sector, but as of this October, row houses accounted for 42% of low-rise sales. “Townhouse product fits between apartments […]
The Bank of Canada has launched a new part of its website dedicated to promoting stability of the financial system. The Financial System Hub includes reports and insights which it says gives it the flexibility to “discuss new financial system developments as they arise and present its work in more accessible and engaging ways.” “The […]
Canadian home sales were lower in October than in the previous month and activity decreased from a year ago. Figures from CREA show a 1.6% decline in sales month-over-month while activity was down 3.7% year-over-year (not seasonally adjusted). There were fewer home sales in half of local markets led by Hamilton-Burlington, Montreal, and Edmonton. And […]
A leading measure of Canadian home prices declined in October nationwide although one housing market bucked the trend. The Teranet-National Bank National Composite House Price Index was down 0.4% compared to September, only the fourth time in the index’s 20-year history that there has been an October decline. Ten of the eleven metros tracked declined […]
City has been working since 2012 to implement Downtown Tomorrow Plan’s long-term vision to better connect the downtown to its waterfront Setting the stage for downtown waterfront development in the City of Orillia is in full-swing. The City of Orillia is in the process of pre-designating and pre-zoning the 9.75 acres of City-owned waterfront lands […]
It’s looking more certain that the $2.1-billion Confederation Line LRT will open near the end of next March, although the city is nervous about promoting another launch date after it aborted the first two. The city’s transportation general manager, John Manconi, would only tell council members Wednesday during a finance and economic development committee meeting […]
Realtors in Vancouver’s Lower Mainland will be launching their coordinated effort to help people in need next week. The Realtors Care Blanket Drive is the largest of its kind in the Lower Mainland and, now in its 24th year, aims to collect enough to help 30,000 people keep warm this winter. “A recent homeless count […]
A large proportion of Canadian workers are living in the shadow of debts that they say are overwhelming. Four in 10 respondents to a new survey by the Canadian Payroll Association expressed that sentiment, up 5% from a year ago; while more than a third said their debt levels have increased year-over-year. A higher cost […]
A new advertising campaign is urging renters in Toronto to ensure their landlords comply with RentSafeTO. The program requires rental apartment owners to comply with building operation and maintenance standards. It was launched in 2007 and applies to all rental apartment buildings with three or more storeys and 10 or more units. Landlords that don’t […]
The price per square foot (PPSF) of a downtown Toronto condo increased more than 10% in the last year according to a new survey from CENTURY 21 Canada. It found that the PPSF of a downtown Toronto condo rose to $903 from $819 in 2017, while suburban prices were more volatile with a detached house […]
September 2018 GTA New Home Sales Recap There were 1,747 total new home sales in September 2018, with 253 Low Rise sales, down -28% from September 2017 (down -77% from 10yr avg) and 1,494 High Rise sales, down -22% from September 2017 (down -42% from 10yr avg). The New Home Benchmark Price tracks the average […]
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
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