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Wednesday , 29 March 2017

Monthly Archives: January 2015

Better advice, planning answer to falling financial confidence?

By most accounts, Canada’s economy did pretty well in 2014: the housing market performed well, unemployment is down, the country’s GDP has been growing at a stronger rate than was forecast, the manufacturing sector saw growth to nearly pre-recession levels, even gas prices are down, and the outlook for 2015 is similarly positive. All of these economic indicators play a role in forming consumer confidence, and might be expected to point to higher levels of it. But a new Nielsen poll by CIBC shows that Canadian consumers, at least those who are middle-aged and older, are beset by self doubt when it comes to their perceived ability to meet their ... Read More »

Toronto buyers help drive Hamilton real estate boom

Real estate markets in the neighbouring cities of Hamilton and Burlington have been benefiting from their proximity to Toronto. A ReMax Housing Market Outlook Report released in December says that the major trend in Hamilton’s real estate market in 2014 was an influx of Toronto buyers looking for more affordable homes. The luxury market was especially “brisk,” with buyers from outside Hamilton paying $750,000 to $1 million for a lot more house than they would get for that amount of money in Toronto. Sales in that end of the market in Hamilton were up 30 per cent in 2014. The influx of new buyers from Toronto is also fueling a ... Read More »

Will mid-rise wood construction transform Toronto housing scene?

Last September the Ontario government announced that it would change the Ontario Building Code to allow the construction of wood frame buildings up to six storeys tall. The Ministry of Municipal Affairs and Housing noted that such construction is already allowed in European Union countries and in some parts of North America. The use of wood in mid-rise construction would give builders a “safe option” that could help make homes more affordable and also support “more attractive, pedestrian-oriented buildings.” The ministry was also insistent that the changes to the building code would give Ontario’s wood construction mid-rise buildings the highest degree of safety for the public and firefighters. As of ... Read More »

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