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Blog by Linda M Linfoot

Market Commentary April 29

April 29th, 2016
Market Commentary

It was just a matter of time and it has finally happened. The average price of a new, detached home in the Greater Toronto Area has surpassed the $1 million mark.

The Building Industry and Land Development Association (BILD) -- the people who develop property and build new houses in the GTA -- reported last week that the average came in at a little less than $1,046,000 in Ma ...

The Condo Invester Menality

April 7th, 2016
The Condo Investor Mentality

CondominiumsIf you want to know how condo investors operate, CMHC has a new report for that.

It just released its 2015 Condominium Owners Survey (COS), and it’s stuffed with facts and insights on income property activity.

One key stat, for example, is the number of condo flippers (buyers who “anticipate holding their unit for less than 2 years”). CMHC estimates th ...

Market Commentary April 5, 2016

April 5th, 2016
Market Commentary

It looks like just about everyone has decided interest rates are going to remain low, longer. Ottawa appears to be betting on it and the latest comments from the U.S. Fed seem to support that expectation.

Recent comments by Finance Minister Bill Morneau, regarding government bonds, suggest the federal government is counting on interest rates remaining low for at least the ne ...