Housing is NOT facing a bubble… Poloz

Stephen Poloz questioned about sudden rate cut, assessment of economy OTTAWA— The governor of the Bank of Canada says he didn’t mean to surprise markets in recent months with his interest-rate cut, worrying real estate projection and the grim adjective he chose to describe the country’s economic performance. During testimony Tuesday before a parliamentary committee, […]

When is a building permit needed?

As the building owner, you are ultimately responsible for complying with all building requirements. Failure to obtain building permits can result in costly construction delays, legal action and/or the removal of work already completed. The attached brochure outlines when a building permit is needed.

House prices surge 10% in March

Toronto house prices surge 10% in March; no relief in sight Detached homes in the City of Toronto see a stunning 15.9% jump in price. A total of 8,940 properties switched hands across the GTA in March, with peak trading months just around the corner. House prices shot up 10% in March over a year ago […]

St Lawrence Market North

PREPARING FOR THE TEMPORARY MOVE:  The St. Lawrence Market North building, constructed in 1968, is showing its age. The low slung building was constructed in a basic form, and the city is looking to replace it with a building more fitting for its significant location. In order for that to happen however, the Market needs a temporary […]

CMHC fee increase June 1 2015

If you plan to buy a home with less than 10% down and get CMHC insurance, get ready to pay another $450 per $100,000 of mortgage. That’s what CMHC’s just-announced premium hike amounts to. Click here for details It’s the second time in about a year that CMHC has raised its fees on homeowners. The […]

More condos are coming on the market..

A record number of condos were completed in Greater Toronto in January (10,368), a whopping eight times more than the average of the past decade. Construction delays had builders playing catch up with the record number of multiple-unit dwellings started in 2012 (37,406 versus the past-decade norm of around 25,000 and last year’s 20,099). That, in […]