Heavy winds and strong rain wreaked havoc in Peel region on Wednesday evening, causing trees to fall and even homes under construction to blow over. Jay Reddy, 38, was finishing up work Wednesday night at his job as a civilian employee with Toronto Police when he heard media reports about the damaged homes. He never […]
Toronto Real Estate Posts
When foreign buyers abandon Canadian housing
There is little doubt that overseas money has had an impact on the high cost of Canadian real estate. Even the Canada Mortgage and Housing Corporation appears to have conceded the fact. In a speech this week, CMHC president Evan Siddall said that despite having poor data on foreign ownership, it was likely pushing up the price of Canadian housing. There are two […]
Foreign home buyers – How other countries limit money from abroad
It was revealed this week that the Canada Mortgage and Housing Corporation is trying to keep tabs on foreign money in Canada’s residential real estate market. The national housing agency has come under fire in recent years for a conspicuous lack of reliable data about the money coming from abroad and how it may […]
Rent or Buy – Global’s real estate calculator will help you decide
To rent or buy? That is a question Canadians across the country face as they weigh the pros and cons of making the leap into home ownership. Conventional wisdom says to buy property. We’re not making any more land, and with the Bank of Canada keeping interest rates low and mortgage rates falling it […]
Forget the $1 million Toronto home, it’s the $5 million market that’s on fire
A Toronto realtor says in a new study out Monday that $5 million home sales are taking off across the city, aided by international buyers. Real estate prices in the city made headlines in 2015 when the average sale price of a detached home crossed $1 million, but Barry Cohen, a luxury realtor in […]