In toronto real estate, the Liberal government has announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates. The changes are also meant to address concerns related to foreign buyers who buy and flip Canadian homes. Below is a breakdown […]
Money-laundering concerns in Canadian real estate
In Canadian real estate, an in-depth review of Canada’s anti-money-laundering efforts has uncovered serious concerns that organized crime is using the country’s hot real estate sector to illegally funnel cash. The report from the Paris-based Financial Action Task Force makes special note of real estate as an area of the economy with a high […]
Developer Urbancorp’s home buyers lost fight in court to complete their purchases
In central toronto real estate, buyers in several insolvent Urbancorp projects have lost their bitter fight to convince a court to let them complete the purchase of their homes. On Thursday, an Ontario Superior Court judge approved the sale of six Urbancorp development sites in the Greater Toronto Area to five different buyers – […]
Integral House, a Toronto architectural wonder built for $34M in Rosedale, sold to a buyer after 18 months on market
In central toronto real estate, Integral House, a Toronto architectural wonder built for $34M in Central Toronto Rosedale area and one of the most storied accomplishments in Canadian architecture, has finally found a buyer after 18 months on the market. It was the vision of the mathematician and musician James Stewart, built with reverence to […]
Cost of Toronto’s house boats has doubled and Toronto’s housing prices remain hot
In toronto real estate, soaring housing prices in Toronto have forced some home buyers to look for more affordable alternatives to the conventional detached home, but prices for one type of dwelling may be on the same boat. For toronto home seller, house boat prices in the Greater Toronto Area have doubled in the last six years, […]
