Toronto’s disappearing middle class

Toronto is transforming from a mostly middle-income city into an island of wealth surrounded by increasingly poor pockets of suburb, 42 years of data reveals. University of Toronto professor David Hulchanski has recently updated his groundbreaking income-disparity research, showing that polarization proceeds as Toronto’s middle-income communities vanish. The long-term trend to 2012 shows average incomes […]

Bank of Canada Prime rate history

Governor Stephen Poloz called the cut ‘insurance’ against low oil prices. Here are the bank’s top messages on how the oil rout could impact the economy Interest rates on the discount market are already 2.05% on a variable rate, five-year mortgage and 2.57% on a five-year, fixed rate mortgage, said Rob McLister, editor of Canadian […]

Condo projects cancelled

BUILDINGS CONVERTED TO RENTALS:  Some condo projects in the Toronto area are being cancelled by the builder, and converted to rental buildings instead.  Such is our market! Urbancorp has quietly cancelled its Kingsclub condo complex on King Street West and plans to build three towers of apartment rentals instead. It is the second downtown condo […]

First Time Buyers’ incentives galore!

There are many incentives for first time buyers. There has never been a better time to take advantage of these! – RRSP Home Buyers Plan – Home Buyer Tax Credit – CMHC Flexible Financing – Land Transfer Tax Rebate; and last but not least… – recently reduced Bank of Canada prime lending rate  FIRST TIME […]

Skating at Toronto Islands is a tradition..

Toronto has a long history of skating on the harbour that includes ice-­boat races and New Year’s Eve balls on the ice. Those traditions live on in a much reduced form, primarily preserved by a small community of people who live on the Toronto Island.  Read more in the attached article.. Skating at Toronto Islands […]

Pump prices affect inflation

OTTAWA— The collapse in oil prices slowed Canadian inflation in December as falling pump prices helped decelerate the annual rate to 1.5 per cent, a drop from its 2-percent perch the month before. On Friday, Statistics Canada’s latest consumer price index found gasoline prices in December fell 16.6 per cent compared with the year before, […]

Radon gas – is it a problem?

Radon is a colourless, odourless gas that can seep undetected into your home and cause lung cancer. Protect your family by testing your home for radon. What is radon? Radon is a radioactive gas that is produced naturally by the breakdown of uranium in the ground. Since radon can’t be seen, smelled, or tasted, it can […]

How real estate has changed …

Has real estate changed since 1981? Yes. How?  In many ways – there is more information available to clients, better methods of communication, and great marketing of properties to attract more attention. See what’s changed over the years…