Our project, The Residences of The Hotel McGibbon has captured a silver award for Best Presentation Centre in the National Sales and Marketing Council’s (USA) annual awards event.
Read MoreThe newest measure by Vancouver’s policymakers – to match down payments by first time home buyers with interest free loans up to $37,500 is another example of the tail wagging the dog. Giving potential first time buyers help to buy overpriced real estate that they can barely afford is setting them up to take on… Read more
We just received word from NAHB’s (The National Association of Home Builders) that our project, The Residences of The Hotel McGibbon has captured a silver award for Best Presentation Centre in the National Sales and Marketing Council’s (USA) annual awards event. The Presentation Center created for The Residences of the Hotel McGibbon acknowledges the historic… Read more
(excerpted from cbc.ca Oct 5/2016) “As of Oct. 17, more mortgage applications will undergo a “stress test” to evaluate a borrower’s ability to make mortgage payments at a higher interest rate. The requirement was already in place for some types of mortgages. It will now apply to all insured mortgages, including fixed-rate ones with terms of… Read more
According many industry insiders, there’s no cooling in sight for Toronto’s sizzling housing market. Using stats from the Toronto Real Estate Board, July showed the highest recorded number of sales ever in Toronto – almost 10,000 homes were sold at an average price of $1.2 million (detached homes in the City of Toronto) – just… Read more
According to a new report from Urbanation Inc., there were 7,731 new condominium apartments sold across the GTA during the second quarter of this year, a 26 per cent increase year-over-year. This represents the second-highest level of quarterly activity on record following the 8,548 condo sales in Q2-2011. The report suggests the number of sales… Read more
One week ago (August 2), British Columbia implemented a new Property Transfer Tax on foreign investors purchasing homes in Metro Vancouver. Not surprisingly, an implosion of real estate deals resulted immediately. According to the Financial Post (Aug. 8, 2016), “At least 427 deals are likely to collapse due to the new measure, [says] Dan Morrison,… Read more
