New Mortgage Rules & Sofia Vergara's Panty-Dropping Palace

Get link
Facebook
X
Pinterest
Email
Other Apps

Canada Regulator set to release new mortgage rules

Canada’s financial regulator is close to releasing a new set of standards for Canada’s mortgage insurers, one that the real-estate industry has worried may chill the market.

http://www.theglobeandmail.com/

Like we care ?

Meanwhile …

Sofia Vergara Splashes Out $10.6 Million on This Beverly Hills Panty-Dropping Palace

View the Gallery

Topping Forbes’ list as TV’s highest paid actress for two years straight sure does come with its perks.So now that Sofia Vergara keeps raking in over $30 million bucks every 365 days, she can afford to buy herself whatever her Colombian heart desires.

And that means spending her f-you money on an f-you mansion complete with 3,000-bottle wine cellar, movie theatre and a house made of lavish materials imported all the way from Argentina.

The sexy Latina just plunked down $10.6 million on a home that’s her own piece of Italy right in Beverly Hills, according to Trulia.

The ginormous 11,400 square foot villa has plenty of room for her and fiancé Nick Loeb… and then some.

With a whopping 7 bedrooms and 11 baths there’s no shortage of… well… anything in this colossal crib — pool, spa, dramatic sky-high ceilings, chef’s kitchen, artisan detailing, and an entire floor dedicated to the entertaining/man cave, including a card room, wine tasting room, gym, sauna, and full bar.

Crisis

Get link
Facebook
X
Pinterest
Email
Other Apps

Comments

Ontario: Fire Code refers to Building Code to determine building safety

By Corruption Victim of City of Toronto It was comforting to hear the assuring statement by Toronto Fire Chief Matthew Pegg: – Officials say London inferno won’t happen in Toronto : Strict building codes and inspections should prevent similar infernos “Here in Ontario we are fortunate to have the comprehensive fire protection and fire safety measures that are contained in the building code ,” He further explains residential building in the province must be constructed with non-combustible construction (in accordance with the Ontario Building Code ) ie. be built out of materials that don’t burn. Of particular interest here is the fact that the Fire Chief himself confirmed Fire Code refers to Building Code to determine building safety . In another word, building that contravened the building Code in fire safety also violated the Fire Code (under the Fire Protection and Prevention Act, 1997). Unfortunately, an inquiry with Toronto Fire Prevention revealed the responsible...

Vancouver, Vancouver, Vancouver. I always wonder why do foreign investors, particularly those from China are so obsessed with this city … Fengshui? Image Source Foreign investment has impact on Vancouver housing market, say researchers

Jonathan Manthorpe believes there is a direct line linking the explosive real estate bubbles in Toronto and Vancouver and how secure Chinese President Xi Jinping looks on his throne. How China’s Politics Messing Up Canadian Real Estate Markets The evidence — the vast amount of money being spirited out of China by relatives, friends and cronies of the Red Aristocracy around Xi — suggests he’s set to tumble . Last year about $US1 trillion was spirited out of China by Communist Party leaders and their hangers-on, in defiance of currency regulations. Image Source They clearly do not feel the regime is secure and want their assets hidden away in stable overseas havens like Canada, the United States, Australia or Europe. Sounds like it’s not “London Bridge is falling down”, its “The Great Wall is tumbling down”?

Previously, Renters driven to tents, rental bidding wars, and more affordability issues . More affordability stories … Forced to camp for shelter Castanet.net – Jul 9, 2016 Kelowna has a notoriously low rental vacancy rate, as low as 0.5 per cent according to some, which makes it difficult for those looking to rent something affordable. Homeless camps in Abbotsford Image Source Potential condo buyers camp out — in Abbotsford? CBC.ca – Jul 9, 2016 Given Metro Vancouver’s red-hot housing market, the sight of anxious buyers camped out in front of a condo development isn’t considered all that unusual … About 20 prospective buyers are lined up for Fraser Valley condos; some have waited close to 2 weeks.

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 interiors like the Four Seasons Toronto and Park Hyatt New York, simply asked the Canadian Olympic Committee: “What can we do for Canadian athletes to showcase their country?” Yabu recalled. The deconstructed Canadian flag is made up of hundreds of hanging ribbons.

To be exact, In Toronto’s housing market, ‘$2-million is the new $1-million’ The strength of the $2-million-plus market comes as Toronto home prices continue to soar. TREB said Wednesday the average sale price of a home across the Greater Toronto Area reached $585,204 in May, an 8.5% increase from a year ago. Image Source The strength of the $2-million-plus market comes as Toronto home prices continue to soar. TREB said Wednesday the average sale price of a home across the Greater Toronto Area reached $585,204 in May, an 8.5% increase from a year ago. Torontonians who can barely wrap their minds around a housing market where $1-million is the average price for a detached home might want to take notice of a new fast-approaching benchmark. Sotheby’s offers private jet, helicopter service to woo luxury homebuyers to Calgary Bank of CanadaProspective clients will be flown to Calgary by private jet from practically anywhere in the world and then taken on helicopter tour of multi-million-dol...

If the followings are anything to go by, then homes and buildings in Toronto are a disaster waiting to happen … Toronto’s glass condos are burning thermal holes in the sky Greenhouse-gas-leaking towers setting us up for climate change fail According to City’s TransformTO plan , we’ll all be living near accessible fossil-fuel-free transit, tossing our waste into tiny garbage bins and getting 75 per cent of our energy from renewable sources, and all our homes, condos and apartments will be retrofitted to become lean, clean greenhouse-gas–saving machines. But in a city where half our greenhouse gas emissions now come from leaky buildings , the glass condo boom may be setting us up for failure. Here is the glaring reality: many glass towers and other hastily built condos are falling apart faster than the old concrete giants – springing leaks, facing high repair bills and prompting lawsuits. They’re also greenhouse-gas-emitting giant thermal holes . Anyone living in ...

Canadians richer than ever, and cutting back on mortgage debt Debt growth eases Canadians are getting the message on their ugly debt levels, at the same time as their wealth increases. Mortgage debt growth slowed: Statistics Canada Mortgage debt in Canada rose just 0.6 per cent in the first quarter of the year, to $1.1-trillion, marking the slowest pace since the depths of the financial crisis in early 2009, Statistics Canada said. Canadians’ household debt ratio drops asmortgage borrowing slows to 5-year low … More http://www.theglobeandmail.com Still, we are confused … Reading Toronto’s real estate market is no easy task Last week the Canadian Real Estate Association reported that sales across the country rose 5.9 per cent in May compared with April. More http://www.theglobeandmail.com Mirror, mirror on the wall … What’s happening ? The Magic Mirror says why don’t you buy this baby … ? 271 Chaplin Crescent – FOREST HILL This is...

The Canadian Mortgage and Housing Corporation’s (CMHC) latest report warns of “problematic conditions” in the country’s largest housing markets. “In Toronto and Vancouver, this is due to the combination of price acceleration and overvaluation.” In an attempt to cool the most controversial housing markets – Vancouver, whereby average home prices has shot up more than 36% in just the last 12 months alone, the province of British Columbia is attempting to pump the brakes on foreign ownership, long suspected of driving up prices in Canada’s hottest housing market, by imposing a 15 per cent tax on foreign nationals buying property in Metro Vancouver. Twitter The situation is not only alarming, it is actually becoming a social political hot button. Some folks regard the foreign money as “imported housing virus” … the cause of the house prices insanity. This is further confirmed by today’s Bloomberg report: –

Today everyone in the realty business is citing this particular story by HuffPost: – Best Cities To Invest In Real Estate? Those Would Be Toronto, Vancouver, Calgary Image Source The Huffington Post Canada Canadian cities top the world for the real estate markets that make the best bet for long-term investment, according to a study from U.K. property developer Grosvenor — but they may not be such a great investment in the short term. Toronto, Vancouver and Calgary took the top three spots, respectively, on the survey that aims to measure which real estate markets are the most resilient, and therefore make the best long-term investment. “Canada, as a whole, is doing exceptionally well in developing resiliency,” Richard Barkham, group research director at Grosvenor, said in a statement. “The top three most-resilient cities in Grosvenor’s Resiliency index are Toronto, Vancouver and Calgary. For investors in property and real estate, it makes Canada a very sound long-term ...

Search This Blog

Canuck Post ®