Ontario’s Fair Housing Plan: 16 New Measures

April 20, 2017 Jelani Smith 0

In response to the hot Toronto real estate market, Ontario government introduced 16 new measures within the Fair Housing Plan. These new measures are expected to address the issue of demand, and supply for real estate markets within the Greater Golden Horseshoe (GGH). Record breaking prices had government officials and economists concerned about the sustainability of the housing markets. The […]

Hot Toronto Real Estate Market: What Will the Governments Do?

April 19, 2017 Jelani Smith 0

As Toronto-area home prices continue to hit fresh records, governments are under pressure to look into measures in order to cool the housing markets. Three levels of government, Mayor John Tory, Ontario Finance Minister, Charles Sousa, and Federal Finance Minister, Bill Morneau agreed to not introduce any measures that would increase demand for Toronto Real Estate. As of March 2017, […]

New Buyers Beware: Escalating Condo Occupancy Fees

April 17, 2017 Sheila O'Hearn 0

By Sheila O’Hearn, Zoocasa Buyers who’ve managed to get in on unfinished condo projects in a market where sales are exceeding supply in the GTA real estate market, might not want to uncork the champagne bottle quite yet. Are you prepared for the financial impact of occupancy fees on your budget? Purchasers of units in larger projects will doubtless find […]

CRA Direct Deposit: Simplifying Your Tax Returns

April 10, 2017 Jelani Smith 0

Over the past few years, the Canadian Federal government have been encouraging taxpayers to receive government related payments through direct deposits. Government related payments includes tax refunds and GST/HST credits from the Canada Revenue Agency (CRA). Approximately 80% of government related payments are issued by direct deposits. If you haven’t opted to receive your government payments through direct deposit, I […]

15 Ways to Save for a House Downpayment

April 5, 2017 Jelani Smith 0

Heated real estate markets are showing no signs of cooling down – with growing demand, derived from strong job markets, immigration, all time low interest rates, and low supply. In some regions, such as Toronto and Vancouver, house prices have been facing double digit, year over year growth. Despite the circumstances, 82% of non-homeowner Canadian millennials have the intention of […]

Cash Back vs. Travel Rewards: Choosing the Best Credit Card for You

March 21, 2017 Ratehub 0

By RateHub.ca When it comes to maximizing your spending, you can’t go wrong with a rewards credit card. There are two main types of rewards credit cards: cash-back credit cards and travel rewards credit cards. Both help you get the most bang for your buck, but each works best in different situations. The best travel rewards credit cards accumulate points […]

7 Red Flags You Can’t Ignore When Buying a House

March 19, 2017 Lana Hawkins 0

It is a rough market out there and many buyers are under pressure to make an offer the moment they find an affordable home. Before taking a plunge, though, it would be wise to scratch under the surface and uncover the potential red flags. Even homes that appear to be in swell condition need to be inspected thoroughly. There may […]

Why the Suburbs Are No Longer a Real Estate Bargain

March 15, 2017 Penelope Graham 0

Penelope Graham, Zooacasa Some not-so-great news for buyers seeking affordable real estate: it’ll cost you an average of a million dollars to purchase a house in the Greater Toronto Area, whether or not you seek one in the suburbs. The fact that detached home prices have bypassed the pricey million-milestone beyond city limits was revealed by February data from the […]

Real Estate Strategy: Income Properties

March 13, 2017 Jelani Smith 0

With the right strategy executed, real estate income properties yields to sufficient cash flows, and capital appreciation over a period of time. Especially in a ‘landlord’s market,’ such as Toronto, income properties is one strategy to receive a fixed monthly income from an investment. The vacancy rate for Toronto was 1.6% in 2016 (the Globe and Mail), making it a […]

Should You Buy a Condo on Concept?

February 23, 2017 Penelope Graham 0

Penelope Graham, Zooacasa As real estate prices rise and bidding wars become the norm, it’s getting even tougher to buy a home in Toronto. With the inventory of homes for sale at only half of last year’s levels and a supply crisis looming, buyer competition has become especially fierce. However, there are options for those looking to avoid such market […]