Finance – Page 2

Financing Your Toronto Real Estate Purchase? There’s An App For That!

June 12, 2020

Whether you’re a first time Buyer or not, there’s a lot of information to digest – not to mention a lot of documentation to execute – once you decide to embark on a dwell hunt. The learning curve can seem especially steep when you are doing it the first time, especially…

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Changes To Mortgage Rules Will Reduce Buying Power Of Canadians

June 5, 2020

Finance, Real Estate

House hunters take note: buying a home will be a little tougher, starting on July 1, 2020. CMHC announced this week that they are tightening the rules to qualify for a mortgage. As the economic fallout continues from COVID-19, being overleveraged with household debt creates dangerous vulnerabilities, particularly in an…

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The Role Of Fiscal Stimulus During COVID-19 And Toronto Real Estate

April 20, 2020

COVID-19 & Toronto Real Estate, Finance, Real Estate

For those engaged in the Canadian real estate market – buyers, sellers and homeowners – emerging media headlines about the effects that this global health crisis will have on our economy have been concerning. Certainly, the Toronto real estate market is feeling the impact of COVID-19 rather harshly, in terms of…

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What You Need To Know About Canada’s New Mortgage Rule Changes

October 20, 2017

Finance, Real Estate

The winds of real estate change are blowing again, this time from Parliament Hill. We’ve seen many new measures and policies unfold for finance and real estate over the past years – the most recent being the Provincial Government’s Fair Housing Plan in April 2017 – but this week the Federal Government has…

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How Homeowners Can Adapt To Rising Interest Rates

August 2, 2017

Finance, Real Estate

In one of the more hotly anticipated economic moves this quarter, the Bank of Canada recently raised interest rates for the first time in 7 years, lifting its benchmark interest rate to 0.75 per cent from 0.50 per cent I talked recently in my Summer forecast for Toronto real estate (click here…

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Dear Urbaneer – Does It Still Make Financial Sense To Invest In Downtown Toronto Real Estate?

July 21, 2017

Cabbagetown / Corktown, Dear Urbaneer, Finance, Leslieville/Riverside, Queen West, Roncesvalles Village, St. Lawrence Market, The Danforth

Welcome to this month’s installment of Dear Urbaneer, where our readers put our real estate knowledge to task with their questions. This month, a reader asks for Steve’s guidance on purchasing an investment property in downtown Toronto based on his available capital. Dear Urbaneer: I was recommended to you by one of your existing clients,…

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With 65,000 Vacant Units, Will A Vacancy Tax Be Helpful To Toronto Real Estate?

June 9, 2017

Finance, Real Estate

A recent article in The Globe And Mail called Toronto Eyes Vacancy Tax To Rein In Real Estate Speculation put the number of vacant properties in Toronto at 65,000. Yikes! That’s a lot of empty properties! The article goes on to say that “while anecdotes about ‘dark condos’ and oddly empty…

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Toronto City Council Changes Land Transfer Tax Fee Structure

February 16, 2017

Finance, Real Estate

Following their meeting on February 15th, City of Toronto Council has approved changes to the Toronto Land Transfer Tax – which means additional Toronto Land Transfer Tax costs for buyers with a closing date on, or after March 1, 2017 – when it will be harmonized with the provincial Land…

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A New Mortgage Rule For Canadians And How It Will Impact Borrowers

October 3, 2016

Finance, Real Estate

Right now we’re seeing a few shake-ups by policy-makers in an effort to quell the hot markets of Toronto and Vancouver. Back in August, Vancouver introduced a 15% tax of foreign buyers in an effort to halt the run-away prices which have leapt far beyond the affordability…

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What Are The Real Financial, Emotional And Health Costs Of Commuting?

January 5, 2015

City Living, Finance, Healthy Home, Real Estate

When envisioning our dream property, we sometimes overlook the niggling details that emerge in the business of living our lives. Those pragmatic, non-dreamy details tend not to enter the idyllic picture of life that unfolds between the walls of said property. For instance, how was your commute to work today?…

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