If Toronto city council goes ahead with a proposal to double condo development charges, those extra costs – some $7,671 on the average one-bedroom unit and $10,624 on the average two-bedroom – are likely to land right in the laps of unsuspecting … Condo boom: Builders say doubling development charges threatens downtown The proposed higher rates would come closer to […]
Canada worries about condos, people worry about taxes & cottage properties boom
While Canada worries about condos, people worry about taxes … Real Estate Cheat Sheet: Bank of Canada worries about condos; homebuyers worry about taxes The top stories in Toronto real estate this week: the Bank of Canada takes aim at the city’s condo market (again), and the building industry tallies up taxes and government charges on […]
Reuters: “Canada is doomed” ?
CANADA IS DOOMED: Three Signs The Country Up North Is Screwed Beyond All Recognition Brett Gundlock, Reuters You might be under the impression that everything is going pretty well in Canada, which had no banking collapse and only a mild recession in 2008-9.You would be wrong. The country is beset by political corruption scandals of […]
Fancy a “Certified Pre-owned House” (like a “certified used car”) ?
Based on the premise that properties for sale should be certified, just like cars are certified … Sounded unreal. First, certified cars are NOT guaranteed against anything except it’s within certain mileage and conditions, and that’s provided you’re get one from the big boys like Lexus, Mercedez, or perhaps also premium lower price cars like […]
TD Bank: “Paul Krugman is a Moron” ?
In “retaliation” to Paul Krugman’s gloomy outlook on Canada’s housing prospect, actually, impending “Bubble Implosion” … Paul Krugman: “Think there is no housing bubble in Canada ? Think again.” TD Bank to Paul Krugman: You’re wrong about ‘vulnerable’ Canada MICHAEL BABAD The Globe and Mail TD takes on Krugman Toronto-Dominion Bank is taking Paul Krugman to […]
There has never been any significant inflation in Canada …
According to the latest numbers, Canada’s inflation rate heats up but remains low Canada’s inflation rate rose to 0.7 per cent in May, but remains well below the level that the Bank of Canada and other policymakers like to see … Inflation in the Great White North is barely one percent per year, or you may say prices […]