Market Cooling? Not the Luxury Home Market!
According to a report by Sotheby’s International Realty Canada, market for high-end homes in Toronto, Montreal and Calgary continues to be booming. Homes that go for over $1 million in these cities are seeing growth and Calgary alone witnesses a 20% increase in luxury mansions from 2011 to 2012. As luxury real estate enters 2013, [...]
A Guide to Investing in Canadian Cities
With a relatively stable economy, Canada is one of the top destinations for real estate investors. But in a country this large, there are huge differentiations not just from province to province but from city to city as well. In order to figure out which cities are opportune for investment, there is a list of [...]
REIT this!
A recent article in the Financial Post discussed the current state of real estate investment trusts in relation to the risks of record consumer debt and soaring housing prices. Some investors have warned that such factors may be inflating a bubble in the condominium markets in Toronto and Vancouver. Despite concerns that the Bank of Canada [...]
Bidding War Success
To follow up from last week’s post on bidding wars re: BMO commissioned survey – here’s one example of what bidding success could get you. Veteran of bidding wars won this Harbord- area home in Toronto: ADDRESS: 466 MARKHAM ST., TORONTO ASKING PRICE $699,000 SELLING PRICE $788,000 PREVIOUS SELLING PRICE $460,000 (2004) TAXES $5,213 (2011) DAYS ON THE MARKET four [...]
Spring Housing Trends
We’re just about a month into spring! For rookies and long time property investors – whether you’ve experienced the recent heat-wave on East coast or the unpredictable sun and showers of the West coast – you’ll be interested in the folowing housing market forecast as reported in the Vancouver Sun: Among Canada’s largest cities, Calgary [...]
Toronto, Vancouver Markets To Cool
The robust Canadian housing industry, especially the booming condo markets in Vancouver and Toronto, could be at risk in 2012. CBC brings us the following report, quoting the heads of some of Canada’s biggest banks : Gordon Nixon, president and CEO at Royal Bank told a banking conference Tuesday the Canadian housing market could be [...]
Home of the Week
43 HANNA AVE., UNIT 311, TORONTO Asking price: $1.449-million Maintenance fee: $699.56 a month Taxes: NA Agent: Caroline Bokar (Forest Hill Real Estate Inc.) THE BACK STORY In 2003, the former home of the Irwin Toy Company was converted to a rather unorthodox blend of lofts that allowed people to live and work in the same building. he Toy [...]
Home prices rise amid offshore bids
Property prices are on the rise in Canada’s major cities, and it’s due in part to offshore investors. For some, the price hikes raise concerns that Canadian residents are being priced out of their own market, while others argue that it’s simply our point of view that needs to change. Purchasing property in the middle [...]
Home of the Week
The Home of the Week, courtesy of the Globe and Mail, is a Toronto penthouse that impresses inside and out: 560 FRONT ST. W., PENTHOUSE 29, TORONTO ASKING PRICE: $799,000 MAINTENANCE FEES: $615 a month TAXES: NA AGENT: Roman Havlin (Harvey Kalles Real Estate Ltd.) THE BUILDING Many people don’t yet know Rêve, the recently-completed [...]
And Home of the Week goes to…
An $8.49 million home, on the 16th floor of a Toronto Yorkville tower, takes the cake this week. The home is an interesting, and lavish take on “his & hers” design. The unnamed couple behind (or inside) the multi-million project purchased two adjacent suites in the luxury Regency building located at the corner of Yorkville [...]
