Vacancy Tax for Ontario?

By: Case Feenstra Team

Vacancy Tax for Ontario?

Tags: GTA, Vacancy Tax, Housing Prices, Affordability

Bankers, economists and people frustrated by the lack of affordable housing are calling on governments to do something about the housing issue. The last federal budget did not adequately address the GTA’s housing issues so the Ontario Provincial government is stepping up to the plate to offer solutions. One of the proposals is a vacancy tax.   Ontario Finance Minister Charles Sousa and ...Read More

March Housing Stats: Homeownership Dreams

By: Case Feenstra Team

March Housing Stats: Homeownership Dreams

Tags: Real Estate, Regulation, Housing Markets, Housing Prices

The dream of homeownership needs to be kept alive, according to Toronto’s Mayor, John Tory. So he’s essentially admitting that home ownership is in fact a dream, rather than a realistic expectation. The potential for that dream becoming a reality is continuing to diminish with a year over year increase of 33.2% in prices for homes in the GTA.   The increase in housing prices being...Read More

Hurontario LRT: Good for Mississauga and Homeowners

By: Case Feenstra Team

Hurontario LRT: Good for Mississauga and Homeowners

Tags: Peel Region, Transportation, traffic congestion, Development

Mississauga is transitioning from a suburb to a city. The $1.4 billion light rail transit (LRT) public transportation project will contribute to this transition. And homeowners, residents, and businesses will see benefits.   With 20kms of rapid transit, and 22 stops, Mississauga and Brampton will be able to intensify building development, and plan their cities for a future with less traffic c...Read More

Oakville rent is third most expensive in Canada

By: Case Feenstra Team

Oakville rent is third most expensive in Canada

Tags: Renting Costs in Canada, Bachelor, Toronto,

It’s more expensive to rent a home in Oakville than Toronto and even Vancouver. The average bachelor goes for $977 per month and the average 3-bedroom home goes for $1,714 per month. But what are the most expensive places? It might surprise you.   Yellowknife, the provincial capital of the Yukon is the most expensive place to rent in Canada. It costs $1,159 and $1,902 to rent a bachelor...Read More

Greenbelt not shrinking to make room for more housing

By: Case Feenstra Team

Greenbelt not shrinking to make room for more housing

Tags: Ontario Government, Development, Industry Interests, Planning

The argument has been made that the laws and regulations that restrict development in the Greenbelt are contributing to the lack of housing supply. It makes sense that it could be true, but it isn’t.   The Ontario government has announced that the reducing the Greenbelt will not be part of its plans to tackle housing shortages. Actually, the opposite will be happening. The Greenbelt wil...Read More

Increases in housing prices not expected to slow

By: Case Feenstra Team

Increases in housing prices not expected to slow

Tags: Housing Price Increase, Contraction, Economic Bubble

For those trying to get into the real estate market, bidding wars and waiting game will have to continue unfortunately. No end is in sight for a slowdown in housing price increases, at least until next year according to a TD Economics report.   TD Economics expects housing prices to climb another 20 to 25% in 2017. So if you have a budget of $1,000,000, the same house next year could be $1,25...Read More

Why is Peel Region called Peel?

By: Case Feenstra Team

Why is Peel Region called Peel?

Tags: Peel Region, Police, Mississauga, Brampton, Caledon

Peel Region, which consists of Mississauga, Brampton, Caledon is named after Robert Peel, who served twice as the Prime Minister of the United Kingdom from 1834-1835 and 1841-1846. So what kind of things did Robert Peel accomplish? What’s the connection to Canada?   Robert Peel is known as the father of modern policing. In 1829 he created the Metropolitan Police Act which established th...Read More

Taxing House Flippers: Could it work?

By: Case Feenstra Team

Taxing House Flippers: Could it work?

Tags: Housing Speculation, Housing Supply, Taxes, GTA, Real Estate

We’ve argued before that a tax on foreign buyers wouldn’t be effective for cooling Toronto and GTA housing markets. But would a tax on house flippers work?   A house flipper is someone who converts a small, perhaps beater bungalow, into a larger more modern home. This is often a lucrative undertaking, but it requires a lot of investment and upfront capital. House flippers might no...Read More

Oakville Mansion Going for $65 million

By: Case Feenstra Team

Oakville Mansion Going for $65 million

Tags: Oakville, Lakeshore, Luxury Home,

It’s such a big mansion that it has its own name – Chelster Hall. And if you have $65 million dollars, it could be yours. It’s right in the heart of Oakville, off the iconic Lakeshore Road, and of course, on the lake.   Chelster Hall was built by the CEO of Interbrew back in 2006, and he intended the building to last for centuries. The 47,000 square feet home is on 10.3 acre...Read More

Don’t Forget About Earth Hour: This Saturday

By: Case Feenstra Team

Don’t Forget About Earth Hour: This Saturday

Tags: Earth Day, Climate Change, Energy Consumption, Oakville

It’s kind of strange to have one Earth hour. It’d be good if every hour could be earth hour. And that’s because Earth Hour greatly reduces energy consumption and greenhouse gas emissions that cause climate change.   This Saturday, March 25th, from 8:30 to 9:30pm, residents are encouraged to turn off all non-essential lights and unplug electronic devices. You could have ...Read More