Identifying Dangerous Products in the Home

Thousands of new products are introduced for consumer use every year, providing convenience and recreation for every member of the household. But every now and then these new products present unexpected dangers. Last year, the Consumer Products Safety Program (CPSP), part of Health Canada, received 2,355 reports about dangerous products, of which 22 involved a…

Co-Living Projects “a Rising Trend in Canada”

Rental rates at new co-living developments will include roommate matching, utilities, high-speed wi-fi, shared kitchen and bathroom supplies, hospitality-grade amenities and weekly cleaning of shared spaces. Co-living is a rising trend in Canada, says the new Emerging Trends in Real Estate 2020 report by PwC and the Urban Land Institute. “Blending features of apartments, dorm…

Millennials Compete With Seniors for Prime Real Estate

The percentage of Toronto-area homes owned by seniors is rising, putting more pressure on an already tight real estate market. A recent report from Canada Mortgage and Housing Corp. (CMHC) says that rising homeownership rates among seniors in the Toronto area is making it tougher for younger generations to get into the market. Author Inna…

Tax Canadians’ Housing Wealth, Group Urges

Generation Squeeze is calling for Canadian politicians to address housing affordability in their platforms by taxing “housing lottery winners” who have benefited from home price appreciation. In the lead-up to the federal election this October, an advocacy organization for young people is calling for Canadian political parties to commit to taxing housing wealth. Generation Squeeze,…

What You Don’t Know About Power Lines Can Kill You

A survey by B.C. Hydro last year found that a surprising number of people don’t know the basic safety rules about doing yard work around power lines. What you don’t know can kill you. Every year, homeowners or contractors who are working on basic home maintenance chores ñ trimming trees, cleaning out gutters or washing…

Dealing with Bully Offers in a Hot Market

Bully offers are not illegal but they are controversial and stressful for sellers. Real estate professionals can get themselves into trouble if they don’t handle them correctly. Canadian real estate markets have generally cooled down during the last year, but there are always popular neighborhoods where bidding wars between buyers end up frustrating potential homeowners.…

Canada’s Emerging Tech Markets Attract Investors

Toronto has emerged as one of the five largest tech markets in North America, but real estate investors would be well advised to keep an eye on fast growing markets in Ottawa, Quebec City, Hamilton and Victoria. When CBRE released its annual Tech Talent Scorecard last year, Toronto got a lot of attention. It was…

Alarm Bells Sound as HELOC Loans Increase in Canada

With home equity lines of credit now accounting for 11.3 per cent of total household credit, there’s fear that consumers are taking on too much debt and are overly optimistic about being able to repay the loans. A recent survey found that many consumers don’t understand how home equity lines of credit (HELOCs) work and…

Going it Alone: The Single Homebuyer

More Canadians are living with their parents as high real estate prices and tough mortgage qualification rules make it difficult for young people, especially singles, to buy a home. Here’s how some young homeowners achieved their goal. Real estate affordability in Canada is a hot topic these days. Following a decade of house price appreciation…