A nightmare on Main St: The numbers are becoming increasingly clear; the bloom is off of the Canadian real estate bubble and boom. Among a variety of indicators, sales of condos in the second quarter of this year in Toronto have fallen by half and a record number of units were left unsold. In […]
Why Toronto’s overheated housing market is unsustainable
Jay Bryan, Postmedia News While Canada’s high-flying housing market continues to stabilize, it’s increasingly evident that one city — Toronto — is a glaring exception. In sharp contrast to price moderation in most cities and a significant drop in Vancouver, where buyers are being priced out of the country’s costliest market, Toronto buyers are on […]
Canada’s housing market cools
TARA PERKINS The Globe and Mail Canada’s housing market is cooling rapidly in the wake of government changes to mortgage insurance rules, amid suggestions that many potential first-time buyers are opting to remain tenants. Indeed, the changes made by Finance Minister Jim Flaherty in July appear to be having more of an impact than his earlier […]
Healthy Homes Tax Credit 2012
When we look at our data we notice that our readership is typically between the ages of 24-45 so if we could ask all of you youngsters to pass this information on to your parents or grandparents that would be great.You could save them $1,500 come tax time. Have you heard of the Healthy Home Renovation […]
The Education Bubble: How Will It Impact The Canadian Housing Bubble?
In 1980, a full year of arts and science cost $655.00 In 1990, a full year of arts and science cost $1344.00 In 2010, a full year of arts and science cost $4900.00 That is an increase of almost 650%. To put that into perspective, housing inflation since 1980 has increased by 350%, while inflation has […]