Toronto’s housing bubble is not Stephen Poloz’s problem refers. A weaker economy would necessitate low interest rates, which in turn fuel financial imbalances. That’s where the central bank is today — unable to keep inflation at the 2 percent target over the past two years in an economy it says still has plenty of slack. […]
Wealthy Foreigners Coming In, Rich Canadians Going Out
While rich foreigners are coming to Canada to park their wealth (legit or otherwise) in real estate, rich Canadians are running away instead! Guess the law of the nature is working – “What comes around, goes around”? According to The Globe and Mail, high-net-worth Canadian investors are increasingly looking to real estate on foreign shores. […]
Toronto Real Estate Cooled – Real Fact or Fake News?
Judging from the last two transactions, it would appear the scorching hot real estate in Toronto has finally cooled down. Meaning the Liberal Government’s chances to be re-elected is extremely bright, because they have succeeded in taming the housing monster … So said the political pundits. Let’s take a quick look. First, a semi-detached located in one of […]
Toronto Real-Estate Meltdown In The Making?
Toronto Homeowners Are Suddenly in a Rush to Sell Toronto’s hot housing market has entered a new phase: jittery. Toronto Real Estate’s Time Has Come? First thing first, let’s have our real estate fix … Architecture Porn The Jockey Club Innovation Tower Jockey Club Innovation Tower is a building of the Hong Kong Polytechnic University […]
What’s New – Rio Olympic House & Self-Healing House
Inside Canada’s vibrant Rio Olympic House by Yabu Pushelberg by Lauren Ro For the first time ever, the Canada Olympic House, the Rio home base for Canadian Olympians and their friends and family, was designed by Canadians. Ontario natives George Yabu and Glenn Pushelberg, who are best known for their luxury hotel, residential, and commercial […]
Home Improvement – Bad Ideas, Tips & Trend
Be careful with your reno ideas. Just because you are spending more money does not mean it will add more value to the house … Here are some bad ideas: – 5 Bad Home Renovations That Lower Your Home’s Value The Cheat Sheet A $20,000 midrange kitchen remodel adds about $16,700 to your home’s value, a payback of 83%. […]