Tag: Toronto
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The Revival – April 2022
Greetings Friends, In true Ontario fashion, yesterday we enjoy a sunny spring day (actually saw folks in tee’s and shorts!) and today we are battling grey skies and wet flurries. Equally as undecided, Ontario’s real estate is trying to pick a direction too. However, we will get into that below. At Ontario Assets, Katherine and I had…
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Quantitative Sleaze –
Quantitative Sleaze – How The Bank Of Canada Mislead Politicians On Real Estate & QE ExternalInbox By Peter Sunwasi Canada’s central bank head piqued the interest of economists, and not because of his dazzling personality. Speaking to lawmakers, the Bank of Canada (BoC) Governor Tiff Macklem explained quantitative ease (QE) has no impact on housing. He further explained…
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Canada’s housing market hotter than ever — and investors are playing a big role
Gravity-defying home prices are drawing more and more investor capital to Canada’s housing market, several recent reports suggest. Addressing the Ontario Securities Commission on Nov. 23, Bank of Canada deputy governor Paul Beaudry said a “sudden influx” of investors in the housing market likely helped fuel rapid price growth in early 2021. Canada’s home prices…
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The “Problem” With Housing In Canada Is Lack Of Supply! – TorontoRealtyBlog.com
For those of you who have commented in the past, “I usually skip the stats posts,” you’ll want to close Google Chrome right now. Then again, if you want to sound informed when you talk real estate at the next box social, or wherever youngsters congregate these days, perhaps have a skim. On Friday, my rather tame…
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Toronto home buyers are getting awful real estate tips from their clueless parents – by Jack Landau
Millennial and GenZ homebuyers are known for their reliance on the “bank of mom and dad,” but sometimes this financial assistance influences young newcomers to Toronto’s cutthroat housing market to put a bit too much stock into the opinions of their beloved parents. It’s got to be hard to say no to the people who raised you, especially if…
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4 Misconceptions People Have About Buying Investment Properties by Don Wede
Who me? Invest in real estate? I can’t imagine buying investment properties! Regrettably, you may miss your chance to provide a comfortable retirement for yourself because of myths that have convinced you real estate investing isn’t for you. We’re here to let you know; anyone can invest in real estate. To that end, we will…
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Land Development Is Easier Than You Think by Darcy Marler
In talking to other real estate investors, most of whom specialize in flips, rentals or BRRRR’s, there is a sense out there that land development isn’t something for them. That it is too hard, takes too long, costs too much money, that you need construction experience or that it is only for the ‘Big Boys’.…
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Sky-High Development Charges: One of the major reasons why affordable housing in the GTA is becoming extinct! -by Felix Vortsman
In fact in cities like Toronto, development charges alone make up approximately 27% of the cost to build a brand new housing unit. That’s insane!And these fees are paid before even putting a shovel into the ground or buying land to build on or the cost to construct any new housing units!A better question to…
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MASSIVE INFLATION & ITS EFFECT ON REAL ESTATE – BY: ANDY M TRAN
On October 22, Jack Dorsey, CEO of Twitter and Square tweeted the now infamous… That tweet was met with wide ridicule, with many responding that he is wrong, and that the definition of hyperinflation is actually 50% increase in prices per month. That of course is not happening. However, is he seeing something in the…
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Toronto Market Stats – May 2021
Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. Greater…