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Great time to be a condo investor

Toronto housing takes sharp turn into buyer’s market By one metric, the Greater Toronto housing market has quickly shifted from a seller’s market to one favouring buyers. I want to read the full article. Now that the Bank of Canada has scratched the interest rate itch, get ready for more Many of the world's central bankers, [...]

Interest rates rise. Will the market fall?

Toronto's luxury condo sales surge despite market, Sotheby's International says GTA condo sales over $1M are up 98% from last year, according to Sotheby's International Realty I want to read the full article. Canadian Variable Mortgage Rates Rise for the First Time in Over Seven Years. What’s Next? The Bank of Canada (BoC) raised its [...]

65,000 vacant homes in Toronto: Do we have a problem?

Province stripping Tarion of builder-regulator role Citing ‘conflict of interest’ concerns, the Ontario government will create a standalone home builder regulator separate from the warranty provider. I want to read the full article. Toronto, province eye vacancy tax on unoccupied homes and rentals An empty residence tax might curb property speculation and open up some [...]

Trying to Preserve Our Real Estate Utopia

We are the envy of the world. We have a stable government, solid economy, peaceful culture, and the Toronto condo market is the biggest and best in North America. Unfortunately the US is still a total gong show and continues to threaten to drag us and the rest of the free world down. The government is trying […]

Lessons From Australia

In case you haven’t heard, the hottest real estate market in the world right now is in Australia. It’s like Calgary in 2006 down there! This recent Globe and Mail article outlines the situation with our Commonwealth cousins down under and is worth a read. Some interesting tidbits from the article if you don’t have […]