Entries by malikadmin

Tax House-Flippers, Toronto Urged As Prices Forecast To Soar Again

With a new forecast predicting another house price jump of up to 25 per cent Toronto this year, economists at Scotiabank are urging the government to slap a tax on house-flippers. “The idea, simply, would be to raise the cost of speculation, without excessively interfering with the market mechanism,” Scotiabank economists Jean-Francois Perrault and Adrienne […]

Top 25 Producers for February 2017

For yet another month, I am thrilled to be among the top producers for Royal Lepage Coast Capital Realty for the month of February, 2017 for the Greater Victoria (CRD) region on British Columbia’s stunning Vancouver Island. If you are looking for a hard working, client focused realtor to help you buy or sell your […]

Even Toronto’s 1% Are Being Priced Out Of Housing Market: BMO

Toronto’s runaway house prices could threaten the city’s economy if even the wealthiest one per cent of earners find themselves priced out of the market, as is now happening, the Bank of Montreal’s economics branch is warning. BMO chief economist Douglas Porter crunched the numbers and found that someone earning $225,000 a year — right […]

What $1 Million Can Buy Across Canada

Bang for your buck varies significantly, as the location, size, home finishes and condition of a $1 million home range widely by region TORONTO, March 6, 2017 – According to Royal LePage, Canada’s leading real estate services provider, extreme variances in recent home price appreciation across Canada have contributed to vast differences in the types of […]

Canada’s Banks Resist Plan For Them To Take On More Mortgage Risk

Canada’s banking industry association has criticized a federal Liberal proposal that would see them take on more of the risk involved in lending out mortgages. The Canadian Bankers Association (CBA) said in a submission to the Department of Finance that the proposal would “undermine” access to mortgages for Canadians, by increasing mortgage rates, reducing competition […]

The Surprising Cities Canadians Are Leaving

From: http://www.huffingtonpost.ca/2017/03/01/canadians-leaving-major-cities_n_15080726.html Canadians are leaving Canada’s three largest cities much faster than they are moving to them — an unexpected fact buried in StatsCan’s data on internal migration. Toronto, Montreal and Vancouver all ranked among just five major Canadian cities that saw a loss of locals to other cities between 2011 and 2014, the latest […]

SOLD-1642 Hollywood Cres V8S 1H9 – Fairfield East-Victoria

List Price: $1,050,000 Sold Price: $1,151,000 This immaculate 5 bedroom, 3 bathroom character home sits on famed Hollywood Crescent across from the ocean. Built in 1929, it has been updated and modernized while retaining the charm and character of yesteryear. Features include an updated kitchen with granite counter tops, updated bathrooms, thermo windows, built in bookcases surrounding […]