Real Estate
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What to consider when shopping for a mortgage

Posted on 31 July 2017

(NC) Even when interest rates are steady, many homeowners refinance their mortgages. In some cases, an existing mortgage is coming to an end and borrowers need to renegotiate. Other reasons for refinancing include funding renovations, paying for a child's education, or buying a second property.Too often, homeowners enter mortgage negotiations without legal advice and without understanding the deal ...

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What are renovation shows not telling you?

Posted on 31 July 2017

(NC) Renovating a home can be a wiser investment than moving and popular makeover shows are certainly inspiring. However, these shows can also leave viewers with mistaken impressions.If life was like TV, we could dream up an addition on a Friday evening and be drinking coffee in it on Monday. While most of us know that's unrealistic, some may have to experience living through a renovation to under ...

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What to know when buying a heritage home

Posted on 05 June 2017

(NC) Whether you live in a big city or a small town, the buildings around us are important markers of our national history. As Canada commemorates its 150th anniversary, make sure to explore some of the heritage buildings in your community. Across Ontario, you'll find residential and commercial buildings that tell you a story. The Ontario Heritage Act grants local governments the autho ...

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Canada’s Home Prices Rise for 15th Month Straight on Hefty Gains in Toronto, Hamilton

Posted on 15 May 2017

Canadian home prices rose in April, data showed on Friday, lifted once again by hefty price gains in the hot Toronto market, which some fear is becoming overheated. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 1.2 per cent last month, making for the fifteenth consecutive month national prices ha ...

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Buying a Property with a Rental Unit? Read this First

Posted on 19 April 2017

(NC) As housing prices rise, homeowners may look to income from a rented suite to help carry a mortgage. This can be a great strategy if you follow the rules and are well-prepared for being a landlord. Here are five key things to know. 1. There are new rules. The Canadian Mortgage and Housing Corporation now allows homeowners to count 100 per cent of the expected rent ...

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What are Renovation Shows not Telling You?

Posted on 19 April 2017

(NC) Renovating a home can be a wiser investment than moving and popular makeover shows are certainly inspiring. However, these shows can also leave viewers with mistaken impressions. If life was like TV, we could dream up an addition on a Friday evening and be drinking coffee in it on Monday. While most of us know that's unrealistic, some may have to experience living through a renova ...

Real Estate 0

What to Consider when Shopping for a Mortgage

Posted on 19 April 2017

(NC) Even when interest rates are steady, many homeowners refinance their mortgages. In some cases, an existing mortgage is coming to an end and borrowers need to renegotiate. Other reasons for refinancing include funding renovations, paying for a child's education, or buying a second property. Too often, homeowners enter mortgage negotiations without legal advice and without understand ...

Real Estate 0

Ontario Vows to Cool the Province’s red hot Housing Market as it Prepares its April 27 Budget

Posted on 15 April 2017

Ontario Finance Minister Charles Sousa is considering a number of measures to cool the housing market as he prepares to unveil his annual budget on April 27. Sousa didn’t elaborate on specific steps in a speech at the Empire Club of Canada in Toronto on Thursday, and didn’t say if they’ll be in the budget. He will meet with Canada’s Finance Minister Bill Morneau and Toronto Mayo ...

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Be Careful what you Wish for: Developers fire Warning Shots at Politicians over Rent Control

Posted on 03 April 2017

Some of the country’s most powerful developers fired a warning shot Thursday at provincial politicians who might be considering rent control as a means of addressing housing affordability, arguing that such measures could make it uneconomical to bring new supply online. Speakers at CIBC’s 22nd Annual Real Estate Conference warned it wouldn’t take much for some developers to pull the ...

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Ontario to Set up new Regulator for Home Builders After Conflict of Interest Concerns Under Old Regime

Posted on 30 March 2017

TORONTO — The Ontario government will be setting up a stand-alone regulator to oversee the province’s home builders. Minister of Government and Consumer Services Tracy MacCharles says the move will mean removing responsibilities from the Tarion Warrant Corp., which has overseen nearly all facets of the home building sector for the past 40 years. MacCharles says Tarion has been responsi ...