Can Toronto Handle Three More Massive Condo Towers?
A year ago, another condo going up in the city of Toronto probably wouldn’t have garnered much attention. But with the obvious overstock that’s on the market, and the softening already starting to be seen in the city, it certainly makes news when a developer has plans on building not just one more condo tower…
Read moreHosting Thanksgiving this Year? Save Money while You Do!
Hosting Thanksgiving dinner can be a lot of fun. You’re the one that gets to have your house smelling like turkey (and all the fixins) from morning till night; and you’re also the one that gets to benefit from all the leftover turkey for the rest of the week. But if you’re not careful, you’re…
Read morePrices Continue to Go Up in Toronto, while Sales Falter
A lack of inventory and less pressure on homebuyers are the reasons given for the numbers coming out of Toronto regarding the city’s home prices, according to the Royal LePage House Price Survey. For the second month in a row, home prices continued to climb in Toronto while home sales continued to drop. The chart…
Read moreMoving Back in With Your Parents? Here are Some Tips!
Home prices are too high, university tuition is at an all-time and, by next year, food prices will go up. All of this equals a hard world for young people to make their own way in and so, many are moving back in with their parents. But whether it’s while you save up a down…
Read moreLuxury Homes Starting to Feel Pinch of Mortgage Rules
When changes were made once again to mortgages in Ottawa this past July, newspapers and the blogosphere were abuzz about the impact this would have on first-time homebuyers. They wouldn’t be able to afford the 25 year amortization period that now comes with insured mortgages, and at a time when prices were climbing ever-higher. And…
Read moreA Look at the Oversupply Problem in Montreal
We have spent the past two days talking about the oversupply problem in the nation’s two biggest markets – Toronto and Vancouver. And while stats and figures for these two cities have been looked at six ways from Sunday for the past two years, there’s another market that often gets overlooked – Montreal. It’s hard…
Read moreNew Brunswick Mortgage Broker gets Three Years for Fraud
This is one of those stories that you don’t hear a lot about, simply because it doesn’t happen too often. A former mortgage broker in New Brunswick has been charged with forging documents and is now serving a three-year sentence after pleading guilty in court late last week. The case showcases how sometimes, it’s not…
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