small Toronto real estate sales data 2016

Analysis of 2016 real estate sales in Toronto show massive price gains

Toronto home seekers are in for a rough 2017 buying year Strong demand and extremely low inventory of re-sale houses and condos has to led to intense competition in the Greater Toronto Area’s housing market. Buyers are now facing multiple offer situations and record-setting prices even in the suburban neighbourhoods—areas that, at one time, offered[…]

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Can mortgages make you rich?

Investors I speak to these days aren’t too troubled by low interest rates or the inability to find safe, reliable income. That doesn’t mean they’ve parked their cash and let inflation erode their portfolios. Instead, they’re cashing in on the double-digit returns of Mortgage Investment Corporations, known as MICs (pronounced MIC as in Mick Jagger).[…]

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Tax profit as income or capital gains?

Recently, I chatted with a couple who, after seven years, sold their century-old row house in Toronto’s Trinity-Bellwoods neighbourhood. With grins plastered on their faces, they happily declared the best part was their sizeable profit—they sold for $300,000 more than they originally paid—was completely tax-free. This got me thinking. Every week we get questions from[…]

House and Keys in Female Hands

Should parents help kids buy a home?

Emma’s ex-husband gave their two twenty-something sons a $30,000 down payment. She thinks that was a big mistake. Four years ago, at the age of 24, Jonas Knight decided to buy his first house. Prices had been shooting up in his home town of Maple Ridge, a suburb of Vancouver, and he felt that if[…]