Everyone has a crush for real estate these days … Even people traditionally has nothing to do with real estate, in fact, enemies of the brick and mortar business model – The Geeks: –
The big ones on the TSX in Canada are the diversified Canadian REIT which invests in a little bit of everything, the RioCan Real Estate Investment Trust, which focuses on retail, Northwest Healthcare Properties REIT, which as its name suggests, targets …
Pundits have already been talking about how Brexit – that exercise in political gamesmanship gone horribly wrong – might fan the flames of Canada’s housing market, but what about commercial real estate? It’s been a few weeks now since not quite 52 per …
One thing for sure, Montreal remains an ugly duckly when it comes attracting foreign investment … Don’t know why? Maybe lingo? if so, then tell the foreigners, French is tradition, culture, not business.
Quebecers (French: Québécois) do speak English. In fact, very good English (minus the “eh”). So, pour some money in Quebec … “The City of Saints”.
As Canada grapples with the impact of foreign investors in the country’s two hottestreal estate markets, Canada Mortgage and Housing Corp. says international purchasers have very little impact on housing prices in Canada’s second largest city – Montreal.
The Canada Mortgage and Housing Corp. says the United States and France were the top countries for foreign buyers. Overall, 0.9 per cent of residential property purchases in the Montreal area were made by foreign investors last year. That compared with …
And what is this? Western Union on the web?
Without even reading the article, I am pretty sure the creator has no idea why there is hardly competition for Western Union … Well, I will now read to find what are they thinking.
If, as I expect, his attitude represents most real estate lawyers, EasyFund will have a difficult time getting off the ground. Bob Aaron is Toronto real estate lawyer. His Title Page column appears on this blog, Move Smartly, and in The Toronto Star …
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: –
By Corruption Victim of City of Toronto It’s official: Ontario Municipal Board (OMB), the independent tribunal that adjudicates planning and development disputes will be scrapped and to be replaced by Local Planning Appeal Tribunal, starting with the City of Toronto. Under the new process, the tribunal will decide if a municipality has followed its official plans in the disputed decision. If it has failed to do so, the issue will be sent back to the municipality for reconsideration. Only if the municipality fails to come to a decision or fails to follow the planning process a second time would a full hearing be held, with the tribunal making a final decision. In another word, the City of Toronto will have the final say over most of the cases as it will be almost impossible for the public to appeal against any planning decision of the municipality. Reason? Urban planning is a very subjective area. Unless challenged by another planner of equal standing, view of a planner will be con...
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