page contents
Wednesday , 29 March 2017

Monthly Archives: February 2013

Slower housing market will be balanced by stronger exports: Carney

Once again, the governor of the Bank of Canada, Mark Carney, has warned Canadians not to have unrealistic expectations that “some magical asset inflation” will take care of us somewhere down the line, as in retirement. Speaking on CTV news, Carney cautioned, as he has so many times in the past, that Canadians should not expect interest rates to remain low, and home prices to continue to rise, forever. Referring to his own personal experience, he said that the value of his house has doubled in five years, and that’s “certainly not normal” and we shouldn’t expect the value of our homes to “perform in that way.” His worry is ... Read More »

Tridel launches new TRIO at Atria with successful Grand Opening

TRIO at Atria from Tridel had its grand opening over the Family Day long weekend and the word is that it was a great success with “phenomenal” turnout. No surprise there, given the convenient location of the new condominium community—Sheppard Avenue just east of highway 404 and Fairview Mall, right on the new Sheppard LRT line—and given the value buyers will enjoy: one-bedroom suites start in the mid-$200s, including parking. TRIO, a 23-story tower designed by Turner Fleischer architects,  is the latest addition to an existing community that includes the 43-story ALTO and 8-story Parkside, both of which are currently under construction. Designed and built as a master-planned community by ... Read More »

Two programs that could help you buy the home of your dreams

With tax time rapidly approaching (as well as the spring real estate market and the lure of the dream home), we are reminded of a couple of government programs that are intended to help first-time home buyers by providing tax relief and access to RRSP savings. We should clarify right off the top that “first-time home buyer” has a limited meaning here. It does not mean first ever, but rather first in five years, as explained in the details of the two plans. The First Time Home Buyers’ Tax Credit (HBTC) was initiated, according to the government’s explanation, to help buyers with costs such as legal fees and land transfer ... Read More »

Toronto real estate sales up in January

If no news is good news, then we have reason to be glad: “There is little new to report about national sales activity,” said the president of the Canadian Real Estate Association, Wayne Moen, in a release giving the January sales figures for the market in Canada. Sales activity, he continued, “continues to hold fairly steady,” though at the lower levels first reached in mid-2012. That was when the federal government intervened in the real estate market and effectively shut out a large number of potential buyers. In fact, at the national level, sales rose 1.3 per cent from December to January, and the number of new listings rose 1.6 ... Read More »

Housing developers advised to pay attention to seniors: CMHC

Canada Mortgage and Housing Corporation (CMHC) has been studying the “older Canadians” housing market, and today it released the first in a planned multi-volume series on the subject. The series is meant to help housing developers understand this large, diverse and growing segment of the population. The first volume in the series, which is called Housing for Older Canadians: The Definitive Guide to the Over-55 Market, is called Understanding the Market. That over-55 group now makes up “about one-quarter” of the population, and by 2036 CMHC projects that more than one-third of us will be over 65. Who are these people? As the study points out, “generalizations are impossible” when ... Read More »

Scroll To Top