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 […]
central toronto real estate
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 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. […]
Toronto home sales decrease in January, 2018, may show return to a normal market
Toronto home sales decrease in January, 2018. The prices appear relatively flat and the house sales were down about 40 per cent over the last two weeks in February, 2018, in the Toronto area compared to the same period in 2017, while condo sales dropped about 30 per cent, said Pasalis, real estate broker. […]
OSFI’s new mortgage rules decreases home affordability
OSFI’s new mortgage rules decreases home affordability. OFSI’s (Canada’s banking regulator) has published final guidelines for its mortgage qualification rule. It will impose tighter standards on the uninsured market. Lenders will be required to “stress test” all uninsured mortgage loans at the greater of the Bank of Canada’s five-year (5) posted rate or 200 […]
