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Monthly Archives: February 2016

Research shows many homes don't sell on first attempt because price is wrong

Research shows many homes don't sell on first attempt because price is wrong

An interesting perspective on Toronto’s resale housing market comes from the online brokerage TheRedPin.com. According to the TheRedPin, about one in six of the 101.299 properties sold last year—that’s 17,254 homes—did not sell on first listing. We’re so used to hearing about the shortage of listings, fast-rising prices, multiple offers and short selling times that… Continue Reading

Research shows many homes don’t sell on first attempt because price is wrong

Research shows many homes don’t sell on first attempt because price is wrong

An interesting perspective on Toronto’s resale housing market comes from the online brokerage TheRedPin.com. According to the TheRedPin, about one in six of the 101.299 properties sold last year—that’s 17,254 homes—did not sell on first listing. We’re so used to hearing about the shortage of listings, fast-rising prices, multiple offers and short selling times that… Continue Reading

Green building booming in Canada, around the world: report

Green building booming in Canada, around the world: report

The green building industry generated more economic benefits and employed more people in Canada in 2014 than oil and gas extraction, mining and forestry combined. A report from the Canada Green Building Council (CaGBC) estimates that nearly 300,000 full-time workers were employed in the industry, which generated $23.45 billion in GDP. More than half of… Continue Reading

Government takes steps to make Airbnb hosts pay their taxes

Government takes steps to make Airbnb hosts pay their taxes

The Ontario government has obviously heard Toronto taxi drivers’ complaints about unfair competition from Uber and clearly doesn’t want a fight with the hotel industry. The hotel industry says it is already losing money to the disruptive home-sharing business, Airbnb. In a carefully worded statement, Queens Park says it supports the sharing economy insofar as that… Continue Reading

Other Popular Stories

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Even with a dip in home sales, as markets adjust to new rules, new home pricing remains high due to low supply and “right sizing” dilemma

Although some recent reports show a drop in actual resale sales — in the short-term dramatic double digit drops according to some brokers — prices are showing no sign of dropping on new homes.[1] The Building Industry and Land Development Association recently released data detailing rising costs for new detached and semi-detached homes, as well…

Living comfortably in 500 square feet or less; modular convertible multi-purpose furniture makes the difference

Living comfortably in 500 square feet or less; modular convertible multi-purpose furniture makes the difference

Size is relative. An object that is small to you may be quite large to another person, and vice versa. The same holds true for nearly everything. A relatively small space that leaves one person feeling claustrophobic can — with a little planning and some modular furniture (see videos below) —  be considered spacious and…

More Ontario rules: modest help for seniors and refugees and immigrating nominees

More Ontario rules: modest help for seniors and refugees and immigrating nominees

Ontario has recently introduced legislation geared toward homebuyers and seniors. If the legislation passes, it should make housing much more affordable — although the intended result isn’t always the same as the final outcome in a real market.     Aside from the 15% Non-Resident Speculation Tax (previously reported>>) for non-Canadian citizens, non-permanent residents, and non-Canadian…

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