page contents
Saturday , 25 March 2017

Monthly Archives: March 2016

How bad schools, cemeteries and strip clubs pull down property values

Given the choice, everybody would most probably prefer to live in a good neighbourhood rather than in a bad one. Good neighbourhoods are safe, pleasant, family-friendly and diverse places, well-served by public transit, walkable, with a variety of shops and entertainment, good schools and community services, parks and access to employment. Bad neighbourhoods are basically the opposite, the kinds of places that make outsiders nervous. You don’t want to spend time in a bad neighbourhood if you can avoid it. For people looking to buy a home, the importance of choosing the right sort of neighbourhood is paramount. Not only will the choice affect their daily life, it will also ... Read More »

Myth that millennials don’t want to own homes: CIBC

Anyone wanting to know how millennials feel about homeownership has only to look at the rising numbers of those in that demographic who actually own a home. From 1991 to 2011, the percentage of people aged 25–34 who owned their homes rose all across Canada. Toronto millennials, despite living in one of the most expensive housing markets in the country, were near the top, at about 64 per cent. This was a climb of more than ten percentage points since 1991. The relative growth in ownership rates was roughly the same in most cities, Halifax being the exception. Nationally, the homeownership rate for millennials in 2011 was 62.5 per cent. ... Read More »

Broker channel disturbed by lender’s cut-rate mortgages

The mortgage broker community has been perturbed by the recent actions of one of its main channel partners. Street Capital recently started advertising direct-to-consumer mortgages at rates that are lower than those available to brokers. The ads also included cash-back offers of up to $1,500 and even better rates for clients meeting certain conditions. Many brokers are upset that this “partner” has turned to competing against them, and are vowing not to send Street any more business. The more balanced view seems to be that Street is only doing what’s necessary to compete in a highly competitive marketplace. For years, brokers have offered mortgage buydowns, a tactic of reducing the ... Read More »

If considering a reno to sell your home, consider this

There are many reasons for renovating and remodeling one’s home. Things like flooring, carpeting and window coverings wear out or go out of fashion. People often want to make their homes more livable and functional in some way, enlarging a master bedroom, for example, or adding an en suite bathroom. And often people simply get tired of the way the place looks. It’s time for a change. Another common reason for renovating is to get a home ready for selling. The National Association of Realtors (NAR) in the US, along with the National Association of the Remodeling Industry (NARI), wanted to find out which of the twenty most common renovation ... Read More »

Growth of online shopping adds to traditional retail experience: report

For some, this must seem like the promised land. Shopify, the Canadian e-commerce company, reported in 2014 that it found no discernible difference in levels of online shopping traffic from one day to the next. People were basically always shopping. Shopify calls it “always-on shopping.” Now, the Canadian Internet Registration Authority (CIRA), the body that manages the .CA domain, reports that the majority of Canadians (76 per cent) use the Internet as a sort of always available, infinitely stocked catalogue. These shoppers like to compare prices online before buying. About half (47 per cent) report that they first do the online comparison shopping then go to a bricks and mortar ... Read More »

Scroll To Top