Just about every smart phone out there, except for a few dinosaurs used by a grandparent or two, has GPS-based location services built into them. Our cell phones can pinpoint our locations, record and track our location history, and relay location data to apps for many different purposes. Some of the ways our location […]
Canadian banks can withstand severe housing crisis, Moody’s says
Ratings agency Moody’s says that despite soaring home prices and household debt levels, Canadian banks could weather the effects of a severe housing downturn. In its latest report, published Monday, Moody’s says it conducted stress tests to determine the impact on major Canadian banks in the event of a 25-per-cent drop in home prices countrywide. […]
Toronto housing boom unsustainable, Bank of Canada says
Toronto homebuyers should not expect the frantic pace and blistering prices of the housing market to continue, warns the head of the Bank of Canada. “Prospective homebuyers and their lenders should not extrapolate recent real estate performance into the future when contemplating a transaction,” Stephen Poloz said Thursday with the release of the bank’s […]
High house prices making home ownership in Toronto and Vancouver unaffordable
Soaring home prices in Toronto and Vancouver are testing levels of affordability not seen since the early 1990s, when the country was in a recession and mortgage rates were north of 10 per cent. “In Toronto, we’re not as bad as 1990, but we’re not that far from it either,” said Robert Hogue, senior […]
592 Manning Ave., Toronto – Sold Price $1,820,000
592 MANNING AVE., TORONTO ASKING PRICE $1,488,800 SELLING PRICE $1,820,000 PREVIOUS SELLING PRICE $908,888 (2014) TAXES $5,281 (2015) DAYS ON THE MARKET 3 The Action: In mid-April, 2016, Little Italy had a small but steady stream of properties available, so this updated, semi-detached Victorian across from Harbord Collegiate Institute was staged in an extra effort […]
