In early 2013, Kelly Vandenham and her boyfriend were preparing to put an offer on a charming Craftsman-style house in West Kelowna, B.C. They had been pre-approved for a mortgage with Canadian Imperial Bank of Commerce, but the couple’s realtor suggested they could get a lower interest rate at Toronto-Dominion Bank, where their realtor’s boyfriend, […]
‘Detached’ home for sale is actually linked to property next door Bob Aaron Toronto Star June 7, 2017 After signing an agreement, a couple found out their house was connected underground to their neighbour. When is a detached house not detached? That was the question facing the “Smiths” late last month. The couple came to see […]
Although the Province has just announced the 15% Non-Resident Speculation tax, there are already more questions than answers. Here is what you need to know: 1. The tax is for non-residents of Canada buying 1-6 residential units in the Golden Horseshoe area of Ontario. This tax is in addition to any Land Transfer Tax payable. […]
The Toronto Region’s population base is one of the fastest growing in Canada; growth between 2001 and 2014 equalled 87% of the total population of Calgary in 2015. More than half of the global population (54%) now lives in cities, and by 2050 it is expected to grow to 66%. Toronto has more than twice the proportion of recent […]
A number of Canadians have argued recently that urban growth boundaries, such as greenbelts, ought to be abolished on the grounds that they can negatively affect housing affordability. This claim is largely based the argument, by a British economist, that the greenbelt surrounding London is at least partly to blame for new home prices being […]
