Canada's housing market is in Goldilocks mode — not too hot and not too cold, except in Toronto and Calgary which are “bucking the trend of moderation” now taking hold in major cities from Halifax to Montreal and Winnipeg, says a quarterly house price survey from Royal LePage.
The housing boom is now over for most Canadian cities, with the exception of the “Hot 3” — Toronto, Vancouver and Calgary — which are unlikely to see a downturn until interest rates tick upward, according to a new housing report from BMO Economics.
Qamar Qureshi is doubling down on Toronto’s condo boom. Qureshi, a senior finance manager at Sun Life Financial Inc., took out a mortgage this year for a $360,000 one-bedroom unit plus den in downtown Toronto to live closer to work. Three years ago, he bought a $320,000 luxury suite before construction started and will begin making payments when it’s finished next year.
Utility bills can cost a homeowner even more when they go to sell their property according to the CENTURY 21® Canadian Home Critics Survey. In the results, which expose purchasers' motivations and turn offs, Canadians overwhelmingly report that they would select a home with energy efficiency upgrades (41%) over updated finishings like granite countertops or hardwood floors (22%).
Toronto is the fourth most livable city in the world and one of the best places to do business, according to a 245-page report card on the city’s overall health released today, but it's also the second most unaffordable housing market in Canada
Fall foliage is beautiful, but without proper protection, the plants you’ve potted over the summer, can become a headache as soon as the temperature begins to drop. To help you prepare your greenery for cooler temps, we reached out to Lowe’s Canada and connected with their spokesman, Blake Miller, for the company’s top gardening tips.
Prime Minister Stephen Harper says Canada is not facing a housing crisis, despite analyst fears that the market may be on the verge of a serious decline.
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