Members of various demographic groups shop for mortgages in different ways. Do the contrasts in the way the baby boomers and the millennials shop for mortgages tell us something about modern home buying? You bet. A pair of mortgage professionals recently took time to chat about the way Canadians of different generations think debt and
Richard Silver, a Sotheby's realtor and past Toronto Real Estate Board president who works with foreign buyers, told Metro Morning host Matt Galloway that most of his foreign clients are coming to Toronto for educational and business opportunities, not just to park their money offshore, and that a foreign buyer tax would be a bad
The Toronto Real Estate Board says 4.9% of transactions involve foreign buyers. But some fear the number is low. As Toronto area housing prices have soared, so too has conjecture about the role of foreign property buyers in driving up the market. When the Toronto Real Estate Board (TREB) released data on Tuesday showing only
For anyone expecting to see a downturn of Toronto’s housing market, the Canada Mortgage and Housing Corporation says 2017 won’t be the year. At a recent condo seminar held by the CMHC, the group laid forth it’s predictions for the upcoming year. Jim Burtnick, a member of Torontoism, broker and senior vice president at Sotheby's
From the United States to Great Britain, there is a lot of anxiety about the future and that kind of instability can have a strong impact on housing prices around the globe. While the situation South of the border is still too fresh to fully assess the situation, there is much talk of what will
A few hours north of the congestion and pollution of the country’s largest city lies an oasis of solitude. A place where people can breathe fresh pine-tinted air, cannonball into crystal-clear water, or just sit around a fire under the stars. Ontario’s cottage country has been an escape for city-dwellers for generations. Every summer a
TREB reported an increase in home sales in November 2016. The result represented a 16.5 per cent increase compared to November 2015. The strongest annual rates of sales growth were recorded in the townhouse and condominum apartment segments.
It is up to the city administrators to decide how they can preserve Toronto's rich vibrant past. The amalgamation of modernisation with the city's lively history will strike the right balance for Canadians and tourists alike to celebrate Toronto’s past, present and future, all at the same time.
There have been a lot of articles and interviews in the media about how President-elect Trump’s ascendance November 8th, 2016 may affect the real estate market in Canada. Much will be born out with time and research but in most regards it is much too early to tell, even if the Government of Canada’s Immigration
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