Share The Canadian housing market has been hot throughout the past decade, however it will cool over the coming years as higher interest rates begin to take effect and the population ages, according to the latest report on real estate trends from Scotiabank. Meanwhile, we expect a strong housing market this spring as buyers are [...]
Share The seasonally adjusted annual rate of housing starts has reached 186,300 units in January 2010. This is an increase from the annual rate seen in December 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). According to final figures, the actual housing starts for 2009 totalled 148,081 units, with [...]
Share The seasonally adjusted annual rate of housing starts has reached 174,500 units in December 2009. This is an increase from the annual rate seen in November 2009, where it was 176,100 according to the Canada Mortgage and Housing Corporation (CMHC). Actual housing starts for 2009 shall be verified and reported in the January edition [...]
Share Harmonized Sales Tax: Implication for Owning Real Estate in Ontario Resource: Ontario Real Estate Association Political Affairs Conference What Is Happening: HST will replace the 5% GST and the 8% Retail Sales Tax HST will apply at a 13%rate effective July 1, 2010. Harmonized Sales Tax (HST) – A Bit of History … January [...]
Share Having an inspection is important for both the tenant and the landlord. In some provinces, it is required by the law that this is done; British Columbia is an example of this. When you inspect a rental property, consider the following: • Enlist an extra pair of eyes • Document everything in your rental [...]
Share Residents of four local apartment buildings have been notified that the lifespan of their reasonable rates is coming to an end. Residents used to pay anywhere from $275 to $450 for rent, however it looks like will not be around much longer. In the months the residents of three downtown apartment complexes, along with [...]
Share An attraction that can be traced back almost a decade, when the Reimer’s first decorated their basement of their 100 year old home and dubbed it the “Dungeon of Doom”. It started out as a one night thrill for kids on Halloween and has evolved to what we know it as today, the “Haunted [...]
