Toronto Real Estate Blog

Home building climbs in February

Home building has revved back to life after the recession caused housing starts to fall below 120,000 last spring. Low borrowing costs and a rush to beat a provincial sales tax in some provinces are spurring demand – and builders are responding accordingly.

Toronto Lofts: The Next Big Thing In The Real Estate Market

Although technically a Toronto loft is understood to be a commercial space which has been converted for residential occupation – and is mostly assembled within old factories, churches or other commercial spaces, there are basically 2 definitions of Toronto residences.

Changing your mind can be costly

Real estate home or condominium agreements may be the largest contractual obligation that a buyer and seller may ever sign. It is a serious obligation and both buyers and sellers must understand the consequences of changing their minds once the contract has been signed and accepted.

Condo boards need more regulation

There is very little government regulation as to who can be a condominium property manager. Yet the property manager, in most cases, has a tremendous impact not only on the condominium building being properly maintained, but on the actual resale value of the inside condominium units.

Housing starts rise 6.1% in February

Home construction rose by a more-than-expected 6.1 per cent to 196,700 units in February, Canada Mortgage and Housing Corp. reported Monday.