Sellers awarded $210,000 after buyers fail to close due to “unforeseen circumstances”
Houses for sale in Ottawa QUICK HITS In a collapsing real estate market, buyers who fail to complete a purchase can face substantial liability exceeding their deposit; the case of Switzer v. Petrie arose from a failed real estate transaction in Ontario in July 2022. The buyers backed out due to “unforeseen circumstances,” prompting the […]
Canada’s economy now “struggling” under the weight of high interest rates
Houses for sale in Ottawa Canada’s economic activity in July was unchanged from the previous month, marking the second straight month of weak GDP results. The flat reading is well below the Bank of Canada’s earlier forecast of 1.5% growth in the month, and follows a 0.2% contraction in June. The slowdown was led by […]
Toronto’s Most Affordable and Undervalued Area for Detached Homes
In the dog days of summer, the Toronto real estate market was not as hot as the previous year, driven by rising borrowing costs, economic uncertainty, and limited inventories available in the housing industry. According to the Toronto Regional Real Estate Board (TRREB), residential property sales tumbled slightly more than five percent year-over-year in August, […]
Developments Started And Finished Since Eglinton Crosstown Construction Began
Houses for sale in Ottawa It’s been 12 years since construction began on the Eglinton Crosstown LRT, eight years since the opening date was first pushed, and one year since Toronto had any notion of when the transit line would actually welcome riders. In the time it has taken for lawsuits to be filed, “unpredictable […]
Canadian economy remains largely flat in August
Houses for sale in Ottawa The manufacturing sector saw GDP fall for the second straight month in a 1.5% decline, while service industries inched upwards by 0.1% and goods-producing sectors dipped by 0.3%. StatCan’s latest figures, which mark the last GDP release before the central bank reveals its next decision on interest rates on October […]
A Step-by-Step Guide to Refinance Your Mortgage in Canada
Is it time to refinance your mortgage? With the average conventional five-year fixed-rate mortgage rate approaching six percent, homebuyers who might have purchased a home at rock-bottom rates recently might not want to refinance their mortgage. Others, especially those who are on a variable-rate mortgage, may need to refinance their mortgage. Whatever the reason may […]
Alternative home financing models come with trade-offs, experts say
Houses for sale in Ottawa Breadcrumb Trail Links Real Estate Mortgages Be aware of what you’re giving up, not just what you’re getting in the process Published Sep 29, 2023 • Last updated 39 minutes ago • 5 minute read A ‘for sale’ is sign is displayed in front of a house in the Riverdale area […]
Turning offices into homes could help address housing crisis
Houses for sale in Ottawa Breadcrumb Trail Links Work Real Estate The Slayte has transformed from a vacant government office built in the 1970s to a residential space with amenities Author of the article: The Canadian Press Liam Fox Published Sep 27, 2023 • Last updated 1 day ago • 5 minute read Rooftop communal area […]
Hidden Gems: Unveiling the Best Neighbourhoods for Houses for Sale in Calgary
Calgary, located in the heart of Alberta, presents a unique proposition for the discerning home buyer. One of the most appealing aspects of Calgary is its quality of life, frequently ranked among the top in North America. The city offers a wonderful blend of natural beauty and vibrant urban life. Nestled near the foothills of […]
Toronto Restaurant Real Estate Putting A Squeeze On Owners
Houses for sale in Ottawa Running a restaurant in Toronto is no easy feat – it never has been. Add today’s climate of sky-high interest rates, pricey lease costs and lingering pandemic recovery to the mix, and being a Toronto bar or restaurant owner isn’t for the financially faint of heart. With the city bustling […]
How worrying is the sluggish pace of Canada housing starts?
Houses for sale in Ottawa “So I think that’s all in the right direction. I think policies in the past have been more directed at demand, but what we really need is more supply and so the fact that Ontario is really trying to tackle this issue is important – and that’s to be welcomed.” […]
B.C. could learn from Auckland’s “aggressive” housing policy: BCREA
Houses for sale in Ottawa Auckland, New Zealand A blueprint for expanding housing supply and improving affordability in British Columbia may lie far beyond provincial borders, according to a new economic report from the BC Real Estate Association (BCREA). The report, released Sept. 26, sheds light on recent findings from Auckland, New Zealand, which […]