New Housing Supply Grows in GTA, But not fast enough

By: Case Feenstra Team

New Housing Supply Grows in GTA, But not fast enough

Tags: Oakville, GTA, High Rise, New Homes

When demand outstrips supply, prices increase. That is exactly what has been happening in the GTA over the last couple of years. The supply of new homes is receiving more attention though, as developers are looking to get more projects approved in the rights places and for the right prices.   5,544 new homes were sold in the GTA in January and February. But only 4,795 are actually ready to li...Read More

The Loonie Listing Pricing Strategy

By: Case Feenstra Team

The Loonie Listing Pricing Strategy

Tags: Home Pricing, Home Listing, Real Estate, GTA, Home Bidding

Any real estate listing priced at $1 is going to turn heads. That’s exactly the point. Gain attention to your real estate listing and hope for a bidding war.   Anyone who is serious about buying a house is going to put a serious offer forward. But anyone using a loonie listing strategy should be prepared to receive ridiculous offers anyways. After all, it is a ridiculous listing price. ...Read More

How the 2016 Federal Budget Affects Real Estate

By: f

How the 2016 Federal Budget Affects Real Estate

Tags: Deficit, Government, Foreign Buyers, Affordable Housing, Policy

National budgets show the true colours of a government. The new budget is reflective of the ‘red’ Liberal party. Red is the colour traditionally used for deficits and debt in accounting. Besides the politics of the 2016 budget, there are a few ways in which real estate and housing is affected.   Last year’s budget included a tax exemption on capital gains of donated real est...Read More

Millennial Response to Expensive Housing? Communal Living

By: Case Feenstra Team

Millennial Response to Expensive Housing? Communal Living

Tags: Commune, Condo, Affordable Housing, Rent, Sharing Culture

  It’s the hippy resurrection - but with millennials. Traditional expectations for housing are changing. Affordable housing is just not a reality for many people entering the workforce, and living with parents is not an option after some point. And neither is a high priced shoebox rental packed away in a skyscraper condo. Leave it to the millennial generation to find alternatives. &nbs...Read More

Happy World Water Day

By: Case Feenstra Team

Happy World Water Day

Tags: World Water Day, Oakville, Halton, Jobs

March 22nd marks the internationally recognized World Water Day where the goal is to make a difference for those for people in the world who suffer from water related issues. The theme of 2016 is Water and Jobs. The idea is that when we have better water we have better jobs.   Much of Canada is blessed with an abundance of water including Halton Region and the Town of Oakville. But this canno...Read More

Oakville Receives Federal Investment for Clean Technology

By: Case Feenstra Team

Oakville Receives Federal Investment for Clean Technology

Tags: Oakville, Local Business, Clean Tech, Investment

Economies that invest in clean technology will be at an advantage in the future. That is exactly what is happening in Canada and Oakville, specifically. The Federal government recently announced funding for clean tech projects across the country. $7.1 million is ending up right here in Oakville.   Three companies are receiving investment capital: Terrestrial Energy, Pyrowave and ARDA Power. T...Read More

Top 10 Real Estate Luxury Markets in the World

By: Case Feenstra Team

Top 10 Real Estate Luxury Markets in the World

Tags: Vancouver, Toronto, Home Prices, Finance, Housing Supply

When you think about luxury real estate what comes to mind? Ocean views, penthouses, custom homes, immense landscaping, square footage, warm weather, grand staircases… The top 10 list may surprise you.   The top cities are: 1. Vancouver: 24.5 percent 2. Sydney: 14.8 percent 3. Shanghai: 14.1 percent 4. Istanbul: 13 percent 5. Munich: 12 percent 6. Melbourne: 11.9 percent  7. San F...Read More

New Legislation Expected to transform Affordable Housing

By: Case Feenstra Team

New Legislation Expected to transform Affordable Housing

Tags: Real Estate, Housing, Development, Zoning, Affordable Housing

Developers are not happy with the legislation that the Ontario Legislature recently passed. But others are calling it a breakthrough and transformational. New legislation gives power to municipalities to force developers to build low income housing units.   The change is called “inclusionary zoning” which will set aside a certain percentage of units for lower income residents. Thi...Read More

National Home Show – This Weekend

By: Case Feenstra Team

National Home Show – This Weekend

Tags: Real Estate, Toronto, Home Value, Home Design

Don’t miss out on this year’s National Home Show at the Enercare Centre in Toronto. The 9 day long show ends this weekend on March 20th. It is an opportunity for homeowners to connect with the home improvement industry. The Home show is also coinciding with the Canada Blooms show which focuses on flower and vegetable gardening, landscape design, outdoor life and more.   A large ra...Read More

How Other Countries limit Foreign Home Buyers

By: Case Feenstra Team

How Other Countries limit Foreign Home Buyers

Tags: Real Estate, Affordability, Mortgage, Foreign Money, Taxes

Canada’s housing supply is in a pinch. New housing and condo construction cannot supply the surging demand – part of which is coming from foreign buyers. The Canadian Housing and Mortgage Corporation is coming under fire for not limiting foreign money coming into the country which is arguably increasing home prices.   There are many countries around the world that have much more s...Read More