Tag: real estate
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Income needed to buy a home across Canada, according to RateHub’s February 2024 report
As we step into 2024, Canadians are witnessing a promising shift in the real estate landscape, presenting a potentially brighter horizon for aspiring homeowners. The beginning of the year has brought with it a gentle breeze of change, as both home prices and mortgage rates have seen a welcome softening in January. This shift, albeit…
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Bank of Canada to slash interest rates in half by end of 2025, predicts Desjardins
In a move anticipated to bring significant financial relief to Canadians, the Bank of Canada is gearing up to initiate a series of interest rate reductions starting this spring. According to Desjardins Group, this strategic adjustment aims to alleviate the economic strain experienced by many, marking a shift towards more accommodating monetary policy. Desjardins Group’s…
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Elevate Your Investment Property’s Value
Image by benzoix on Freepik Investment properties can be a lucrative source of income, but to maximize your return on investment (ROI), you need to ensure that your property is appealing to potential tenants or buyers. One effective way to boost your ROI is by giving your investment property a facelift. In this article shared…
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Here’s What $1M Homes Look Like Across Canada
Although $1 million may fall below the average home price in major Canadian real estate markets such as Toronto and Vancouver, this budget can offer an exceptional range of properties in many other cities across the country. From coast to coast, a $1 million budget can provide access to a diverse selection of properties, such…
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Someone is renting a bunk bed in Toronto and calling it a “prestigious accommodation”
Toronto’s rental market is showing signs of easing prices, but a new trend is emerging among landlords. They’re getting creative, and sometimes controversial, by turning unlikely spaces into “bedrooms” to attract those watching their wallets. From beds in kitchens to mattresses on staircases, social media is abuzz with these unusual rental options. One such listing…
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Toronto city council has officially approved Olivia Chow’s 9.5% property tax hike
’80 cents extra a day, folks can afford it,’ Chow told reporters Wednesday In a landmark decision that marks the city’s largest property tax increase in over a quarter of a century, the Toronto City Council has greenlit a significant hike in property taxes, coupled with a $20 million boost to the police budget. This…
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A new report has identified the Ontario cities where home prices have fallen the most
In the latest real estate market update, Ontario homeowners, particularly in Burlington, are experiencing a notable downturn in property values, making Burlington the most affected city in comparison to other Canadian locales over the previous year. This trend is highlighted in the recent Point2Homes report which analyzed condo and single-family home prices across Canada’s largest…
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Here’s your chance to buy a hotel and male strip club in Etobicoke for $12.6M
Have you dreamed of owning your own male strip club and hotel in Toronto? Well here’s your chance! Priced at $12.6 million, this property combines a boutique hotel and five retail units, promising investors a chance to earn nearly $800k in rental income annually. This complex isn’t just any investment—it’s a diverse venture in one of…
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This 1+1 bedroom home just sold for $846,000 in Toronto and everyone is freaking out
A recent property sale in Toronto has left residents questioning the state of the city’s housing market. Despite selling for less than its asking price and significantly below $1 million—a rarity for a detached home in Toronto—the size of the house has ignited discussions on the steep prices in the real estate market. The home,…
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You can buy an entire apartment building in the desirable Port Credit, Mississauga for $3.6M
There’s a special investment opportunity waiting in Port Credit at 314 Lakeshore Rd. W. This property is different from others because it has eight empty apartments. This means new owners can decide how much rent to charge based on what people are paying now, which could lead to making more money. The building combines old-time…
Canada Housing Market 