Government takes one-fifth of cost of new homes in greater GTA New study of greater GTA shows average paid is $119,200 on a new single-detached home and $66,000 for new highrise home. By Bryan Tuckey What would you say if I told you that more than one-fifth of the cost of a new home goes […]
Top Reasons Why Houses Don’t Sell & Tips For Writing Property Description That Sells
7 reasons your house may not be selling Here are some of the common mistakes people make when putting their home up for sale. Good timing – April to June is ideal – and a realistic asking price are among the factors that will ensure your house sells in a timely fashion. By: Mark Weisleder […]
Housing: Too expensive to buy or rent ?
The Canadian Mortgage Trends blog reports on how tougher mortgage borrowing rules have raised demand for rental housing and, in turn, pushed up rents. In fact, rents are rising faster than house prices in Toronto. Buy or Rent? BMO Economics Says Canadian Home Prices Are Not Highly Overvalued When debating renting versus buying, BMO Economics studied […]
Eliminating Toronto Land Transfer Tax – Scandalous Mayor Rob Ford Populist Publicity Stunt ?
With the City of Toronto’s Executive Committee expected to review a City staff report on options for phasing out the Toronto Land Transfer Tax in coming weeks, a new poll is showing strong public support for eliminating this tax. New Poll Shows Continued Strong Public Support for Eliminating Toronto Land Transfer Tax “The public continues […]
Mortgage rate is rising ? Locking up is the way forward ?
RBC, quite possibly North America’s most profitable bank, has just hiked their mortgage rate. However, will the rest of the financial big boys follow suit (they usually do) is anyone’s guess. The intriguing question at hand is why will they rest hike the rate accordingly when the overall mortgage market is shrinking ? Are Canada’s […]
If you were Stephen Poloz, would you raise or lower interest rates?
Incoming Bank of Canada governor Stephen Poloz should raise interest rates, a new report says. Advice for incoming BoC governor: Raise interest rates Report says low levels have threatened pension funds, helped boost household debt Julian Beltrame The Canadian Press Incoming Bank of Canada governor Stephen Poloz is already getting advice on what to do once […]