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Ontario’s home builders urge wooden mid-rise construction
Ontario’s building industry wants to see changes to the Ontario Building Code that would allow the use of woodframe construction in buildings up to six storeys. At present, the height limit for wooden...
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Better than average value for families at Tridel’s new Avani condos
If you’ve given any thought at all to buying a home in Toronto, you might have become discouraged by all the talk of how “average” home prices have got so high. You shouldn’t be. First of all, remember...
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Mortgage professionals: Flaherty’s policies are hurting the economy
Canada’s mortgage professionals take a somewhat dimmer view of the future of the housing market than the finance minister does. The Canadian Association of Mortgage Professionals (CAAMP) released a...
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Would Toronto condo buyers jump at rent-to-own option?
Turned down by the bank for a mortgage? Credit problems? Bankruptcy or consumer proposal? No bank qualification? No problem. Ideal for immigrants, the self-employed and the divorced. You can own the...
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Low-rise home sales falling, high-rise close to average: RealNet
Fewer Torontonians bought low-rise homes in April, or, as the Building Industry and Land Development Association (BILD) put it, “consumer confidence in the GTA’s new homes market is still low.” RealNet...
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IKEA and UN unveil new shelter concept for refugees
It’s a story of one of the world’s biggest private companies and biggest NGOs coming together to tackle one of the world’s biggest problems. Challenged by the United Nations to come up with a better...
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Real estate firm and mortgage brokerage create one-stop shop
A Toronto realtor, Right At Home Realty (RAH), announced today that it has teamed up with a major mortgage brokerage, Dominion Lending Centres (DLC). The arrangement, says RAH, will provide its clients...
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US debt default would be bad, but how bad?
There has been speculation as well as some fear-mongering concerning the possible effects that a government default on the national debt would have on the US real estate market. The head of the...
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Signs of spring: Canada Blooms and the National Home Show
Right about now many of us desperately need signs that winter will eventually end and spring will arrive in our city. Fortunately, several signs of spring’s impending arrival are about to appear. This...
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Construction industry feeling “very bullish” for 2014: OCS
The outlook for Ontario’s construction industry in 2014 is “very bullish,” with more contractors expecting to do more work this year than last year. The Ontario Construction Secretariat (OCS) just...
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European Central Bank experiments with negative interest rate
Two days ago, the Governor of the Bank of Canada made the now-familiar announcement that its key overnight interest rate would remain unchanged at 1 per cent. It has not moved since September, 2010...
View ArticleCondo owners in SF win right to sue architects for bad design
The California Supreme Court has ruled that the architects of a condominium building are partly liable for the bad design of the building, a design which has made the condominiums unbearably hot for...
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August real estate market hotter than the weather
Cooler than average August weather has not stopped home buyers in the GTA from getting out and buying. The strong sales growth that has been trending in the Toronto real estate market since the spring...
View ArticleS&P fined $1.4 billion for subprime mortgage fraud
The integrity and credibility of one of the three major credit rating agencies that matter, Standard & Poor’s, has been given a severe beating. It is being fined about $1.4 billion for its role in...
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