Foreign investment tax in B.C. causes a big drop in sales
On the heels of the introduction of a 15% tax on foreign investment that went into effect July 25th in the Vancouver market, home sales have taken a major dip. August isn’t typically a hot month for real estate, but the first two weeks of the month saw a
Menkes offers a special limited time bonus at The Enclaves of Upper Canada
Menkes recently tweeted a photo of the construction progress at The Enclaves of Upper Canada in Georgetown, which reminded us that not too long ago they released the final collection of 40’ detached homes at The Enclaves! The 40’ Enclaves Collection
Will 300,000 Canadians soon have more debt than assets?
This week, the Canadian Centre for Policy Alternatives released a study by senior economist David Macdonald that says a home price decline of 20% would leave 169,000 families under 40 in a negative-equity position, with more debt than assets. “Declines
Sherwood’s Grand Opening: Luxury Living in Lawrence Park
Just below Lawrence, along Bayview Avenue lies an elegant neighbourhood nestled within the lush foliage of Sunnybrook Park. The streets, lined with 150-year old oaks and populated by stately homes built in the first half of the 1900s, alludes to the rich
Are real estate commissions too high?
The federal Competition Tribunal is in court this week, rehearing a suit brought by the federal Competition Tribunal against the Toronto Real Estate Board (TREB) that accuses the board of restricting public access to home-sales data. Says the Globe and
Touring the amazing amenities at Chaz.Yorkville in Toronto!
We remember the first time we visited the Chaz.Yorkville site in Toronto by 45 Charles Ltd. and Edenshaw Homes. It was the summer of 2013 and it was so hot that the construction crew had the day off. At that point, the mezzanine level was under
Toronto housing not a buyer’s market...yet
Now that the Greater Toronto Area’s (GTA) resale and new home markets are showing some signs of cooling, people are starting to wonder if it’s a buyer’s market, or whether it will be soon.First of all, why do people think the market is cooling? There are
Life on the Road in a House on Wheels
After having lived in a tiny trailer while they travelled around the U.S. and Canada for the past eight months, Matthew Davey and Kat Walters are building their own dream home on wheels in the back of a flatbed truck!Differing from the standard “dream
Average First-Time Buyers’ Budgets Increase to $316,100
The Bank of Montreal (BMO) released its First-Time Home Buyers Report, announcing that the average first-time buyer has increased their average budget to $316,100 (compared to $300,000 in 2013).While the average budget has jumped over $16,000, the
5 haunted houses from Toronto to Hamilton
Last year, we took a look at some of the unexpected residents that haunt several of Toronto’s historically important homes. This year, we’ve expanded our search to the Greater Toronto Area (GTA) to bring you more spooky stories of lingering residents who
