The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage. The central bank has raised its key lending […]
Faulty Kitec pipes may produce large repair cost for Toronto home and condo owners
Kitec pipes were used across the city a decade ago, but they quickly corrode and can cause flooding Kitec plumbing — a plastic pipe with an aluminium lining — was introduced to the market in 1995. Back in 1995, Kitec was considered an innovation and used in condominiums, homes and commercial buildings in […]
75 Haddington Ave, Bedford Park, Toronto attracted multiple offers, Sold $2,000,000 in October, 2018
75 Haddington Ave., Toronto Selling price: $2-million Previous selling prices: $1,289,000 (2013); $910,000 (2009) Realty Taxes: $8,849 (2017) Days on the market: 7 The home has a joined open eat-in kitchen and family room and finished maple hardwood floors. On a residential street just east of Avenue Road, there were two properties listed in […]
Toronto’s steaming condo market slows down in 1st quarter, 2018
Toronto’s heated condo market looses some steam due to the growing development costs and some of the condo project cancellations. They have produced some caution into Toronto’s hot condo market, and with more project terminations likely yet to come, comments Urbanation, the development research company. Urbanation found that new Toronto condo launch prices went up […]
Toronto home sales continue to decline, sign to a return to normal market
Toronto real estate market has seen the effects of a confluence of policies: Ontario’s Fair Housing Policy, including a foreign buyers’ tax aimed at cooling the market; a new mortgage stress test targeted at protecting Canadians from dangerously high household debt levels; and the Bank of Canada’s moves to increase interest rates. […]
