It happened to Susan Lawrence. While going through proceedings to sell her home earlier this year, the area woman learned that she had become the victim of fraud, joining a growing number of Canadians who have been victimized by real estate title fraud.”I went to the bank to discuss my mortgage because of the pending sale,” [...]
It’s no surprise that many businesses stand to cash in on the wave of boomers about to turn 65. Homebuilders are especially well positioned. Mature homebuyers–the retired or semi-retired–will drive three-quarters of the housing growth in Canada over the next decade, according to Clayton Research, a real estate economics consulting firm in Toronto. For developers [...]
Actress Sharon Stone has put a Beverly Hills, Calif., home she bought just four months ago on sale — at a $1.5 million markup.
Ms. Stone bought the seven-bedroom home for about $11 million in March, but never moved in. According to listing agent Susan Smith of Westside Estate Agency, Ms. Stone changed her mind about [...]
The Bank of Canada held steady on interest rates Tuesday, keeping its key lending rate at 4.25 per cent, saying that a weaker U.S. economy and a stronger loonie will moderate domestic growth.
It was the first pause after seven consecutive quarter-point rate hikes that began last September.
“The current level of the target for the overnight [...]
Dublin residents Theresa and James Hayes picked up a downtown Toronto condo last November without ever setting foot inside the project’s sales office or taking a look at the Yonge and Carleton neighbourhood where it will be located.
When they made the purchase, they joined a teeming pool of foreign buyers enjoying the financial rewards of [...]
Michael Douglas and Catherine Zeta-Jones are searching for the latest addition to their substantial property portfolio.
The celebrity couple already own homes in New York, Los Angeles, Bermuda, Mallorca, Aspen and Wales, but are now on the look-out for another luxury pad in Montenegro.
“Like people collect art, we collect homes. We love architecture. It’s like a [...]
If you had purchased a Toronto area home at the beginning of the year, what neighbourhood would have given you the best return on your investment?
While prices for detached houses rose on average 5 per cent in the first half of the year, some neighbourhoods have seen a much more significant appreciation. In contrast to [...]
If anyone has a concern about the height of several new condos planned for Toronto’s railway lands — including 50- and 54-storey towers slated for the Air Canada Centre — it’s too late, that issue has already been settled.
The best city councillors can do now is try to ensure things like pedestrian walkways, parks, schools [...]
A controversial decision by Canada Mortgage and Housing Corp. to provide insurance to lenders for interest-only mortgages won’t drive up house prices as the Bank of Canada fears, the agency says.
Karen Kinsley, president of Canada Mortgage and Housing Corp. says potential home buyers who apply for interest-only mortgages won’t face any less stringent criteria for [...]
Strong demand for residential real estate across the Greater Toronto Area continues to place serious upward pressure on housing values, according to RE/MAX-Ontario-Atlantic Canada.
Despite a modest five per cent year-to-date increase in overall average price, detached homes in 17 per cent, or 11 of the 63 Toronto Real Estate Board (TREB) districts examined, reported [...]
