A Brief Report on the Real Estate Sector in Chatham-Kent, Ontario
Introduction Known as the Classic Car Capital of Canada, Chatham-Kent is a municipality with a population of over 100,000 in Southwestern Ontario. The population has decreased a little since 2006, but the economical activity has not been affected. Chatham-Kent is known for many things but of them, the most prominent are its automotive industry, agriculture…
Read moreAre Mortgage Rules Really to Blame for the Cooling Housing Market?
If we ever hear from the Ministry of Finance in Canada, it’s usually Jim Flaherty, the Finance Minister, that we hear from. But, Michael Horgan, the Deputy Minister of Finance has recently spoken to business students at Carleton University in Ottawa, during which he shed some light on the Canada mortgage rules that went into…
Read moreA Short Report on the Real Estate Sector in Thunder Bay, Ontario
Introduction Thunder Bay is a highly populated city in North West Ontario, with a population of well over 140,000 people. Along with being a huge tourist attraction, the city is also known for its success in converting the local economy from one based on forestry to one that focuses on education and technology, while keeping…
Read moreOne-Quarter of Canadians will Go to War Over a Home
The amount of Canadians willing to enter a bidding war just to ensure they get the home of their dreams is declining. But the fact that one-quarter of homebuyers will still pay up to 20 per cent more for a home doesn’t bode well for the historically high levels of debt Canadians are currently in….
Read moreToronto has Most High-Rises in North America!
Yes, it’s official. Toronto may now actually have too many high-rises. That’s not news to many, including Jim Flaherty who commented a few months ago that he was concerned about “the last condo buyer in Toronto.” Of course, not all condo are high-rises, and not all high-rises are a condominium, either. That’s been clearly defined…
Read moreGetting Rid of Trolls in Toronto
There’s so much talk about the housing market and the price of Toronto mortgages on beautiful Toronto homes. But what about those patches of land that you turn your head away from as you drive by? Those spots around the city that you really can’t be too proud of, and may even make you a…
Read moreCanadians are Nearly 50/50 Split in Housing Market Confidence
BMO released their first-ever Housing Confidence Report yesterday, and it shows that when it comes to confidence in our housing market, Canadians are split on the issue at about 50/50. We are Canadians though, and we are a wary bunch. That’s shown in the fact that those of us that are confident in the market,…
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