A fundamental economic shift is Toronto downtown is benefiting from ‘Hyper-concentration’ of knowledge jobs in an economic shift as traditional manufacturing employment evaporates across much of southern Ontario, a new report warns, and the trend has major ramifications for public transit and land-use planning. The study, released days after General Motors announced the shutdown […]
Toronto Buyer Posts
New Rent control rules may spark return to sky-high rent increases for Toronto tenants
New Rent control rules With new Rent control rules and the province of Ontario scrapping rent control for new units across Ontario as of November 15, 2018, affordable housing advocates are warning that the changes could may spark return to sky-high rent increases for thousands of Toronto tenants. The Progressive Conservative government […]
Toronto Real Estate Home sales in Toronto up in October, 2018 with increase in sale prices
Toronto Real Estate Home sales in Toronto up in October, 2018 with increase in sale prices November 5, 2018 – TREB October, 2018 Resale Market Watch Report Released. Toronto Real Estate Board President Garry Bhaura announced year-over-year increases in home sales and average sale prices reported through TREB’s MLS® System in October 2018. […]
Interest Rate up inject to homebuyers’ challenges, more first-time buyers may not qualify
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 […]
