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Toronto Youths’ Monthly Cost of Living Increased By $400

Toronto Youths’ Monthly Cost of Living Increased By $400

  A recent survey showed that the cost of living for a young Torontonian has increased by $400 per month, covering only the basics. The main reason for this dramatic increase is rising rental costs. Analysts calculated the average cost of basic needs for modern youths. Among these were housing, transportation, groceries, phone and internet,… Continue Reading

Influenza Update for the Greater Toronto Area

Influenza Update for the Greater Toronto Area

  It is never fun being sick, and the flu is the worst. No matter how many times we have been poked and prodded in the past, we are forced to do it again year after year, lest we suffer through a winter of misery. Each year, a new strain develops, seemingly worse than the… Continue Reading

Looking Ahead to Toronto’s 2018 Municipal Election

Looking Ahead to Toronto’s 2018 Municipal Election

  Ontario and its most populous city, Toronto, face a series of elections this year. Premier Kathleen Wynne is expected to have a tight race, according to a series of polls conducted throughout 2017. Wynne is running against NDP Leader Andrea Horwath and PC Leader Patrick Brown. A win for Wynne could put an end… Continue Reading

Cold weather continues: advice on staying warm when you venture out this week and weekend — and check on vulnerable friends, neighbours and family

Cold weather continues: advice on staying warm when you venture out this week and weekend — and check on vulnerable friends, neighbours and family

Canadians shrug off most weather, especially the cold — but during extreme cold alerts the risk to vulnerable friends, family, neighbours and fellow Canadians is high. Each year, many people die due to cold-related issues.     The GTA still faces a bitterly cold week (-17 degrees celcius, feels like -27; –26 at night) at… Continue Reading

2018 average price on homes in GTA increase to $901,392, up 6.8% according to Market Survey Forecast from Royal Lepage; market “correction” unlikely

2018 average price on homes in GTA increase to $901,392, up 6.8% according to Market Survey Forecast from Royal Lepage; market “correction” unlikely

Taking into account the new, stricter “stress test” for mortgages in 2018, the annual Market Survey Forecast from Royal Lepage projects GTA increases of 6.8% in 2018, up to $901,392 projected in 2018 from $844,000 aggregate home price $844,000 in 2016. All markets, except Edmonton, are projected to increase with a “risk of high price… Continue Reading

Bank of Canada benchmark interest rate unchanged in October 2017

Bank of Canada benchmark interest rate unchanged in October 2017

The Bank of Canada’s benchmark interest rate remains unchanged today, although the Bank indicated future rate hikes are possible. The Bank of Canada indicated that the strength of the Canadian dollar is expected to reduce the rate of inflation. Various factors were mentioned, such as U.S. trade flux — such as the renegotiation of the… Continue Reading

The half-million dollar question: why buy a condominium in Toronto? Fall market finds its “legs” as buyers adjust to new prices

The half-million dollar question: why buy a condominium in Toronto? Fall market finds its “legs” as buyers adjust to new prices

While some economists are predicting a “glacial” market for the next few years in Toronto, this frostiness isn’t apparent in market indicators — and a significant number of experts disagree. With the average price for detached homes at $968,494 (as of August, TREB numbers), condominiums nudged past half-a-million ($507,841 for August 2017), urged upwards by… Continue Reading

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