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Wednesday , 22 February 2017

Monthly Archives: September 2014

The reverse mortgage: approach with caution

Suddenly reverse mortgages are being talked about again. The reverse mortgage is one of those products that seems to create a lot of confusion among consumers, if not controversy. Just consider the headlines on a couple of recent stories—“Love them or loathe them, reverse mortgages have a place” from the New York Times; “Why Financial Advisers Still Hate Reverse Mortgages” from Bloomberg, and “Five Reasons to Avoid a Reverse Mortgage” from US News & World Report. Headlines like these do not appear to be designed to win converts or inspire confidence. They couldn’t be less like the advertising slogans for the product, which are all about attractive seniors and their ... Read More »

Realtor’s disappearance a reminder of job’s dangers

A real estate agent who went missing three days ago after showing a home to a man she didn’t know seems to have violated three of the most basic rules of staying safe. The female agent, working in Little Rock, Arkansas, went alone to show a foreclosed home to an unknown male “client” and never returned. The agent’s husband found her car at the house, but no sign of her. A suspect is now in custody of police. The suspect has a long string of criminal offences behind him, though none as serious as what he is now suspected of. The incident shows once again how dangerous this job can ... Read More »

Driving is worst possible way to get to work: study

Dashing down the street in the cold, dreary light of a February morning to catch the streetcar that will carry you to your job may not sound like a cheerful experience. British researchers at the University of East Anglia, however, have spent the last eighteen years studying how people get to work in Britain, and they have found that the morning bus or train ride is in fact quite good for you. Those who make the morning trek to train station or bus stop are happier and healthier than the guys sitting alone in their comfortable cars, listening to news or music, sipping coffee, and cursing the traffic. The study looked ... Read More »

New home sales strong in August: BILD

The new homes market in Toronto had another strong month in August, the Building Industry and Land Development Association (BILD) reports. RealNet Canada, BILD’s official source for new-home intelligence, says that sales were up 60 per cent compared to last year, with large increases in both high-rise and low-rise sectors. The number of new low-rise home sales in August was 1,158, an increase of 44 per cent over August 2013, though still below the ten-year average. High-rise sales, meanwhile, were up 79 per cent, with 1,275 new condos sold, putting sales just above the ten-year average. Sales numbers for the year to date show that 2014 is on track to ... Read More »

Award-winning Alexandra Park construction gets underway

Construction of the revitalized Alexandra Park community in downtown Toronto began just this month, and the huge redevelopment has already been given an award for planning excellence, Neighbourhood Planning category, by the Canadian Institute of Planners. Alexandra Park is an eighteen-acre site, originally developed in the late 1960s, bounded by Dundas, Spadina, Queen and Bathurst. The design excellence award, which went to Urban Strategies Inc., must be gratifying to all of  the project’s stakeholders, for a great deal of planning, with valuable input from residents, went into the master plan for the project. The process took more than five years and involved hundreds of meetings, many of them involving the ... Read More »

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