2019 Federal Budget Impact on Real Estate

By: Loretta Phinney Team

2019 Federal Budget Impact on Real Estate

Tags: Home Buyers, GTA Real Estate, Mortgage, Finance

The federal budget provides some much needed help to buyers in expensive real estate markets in Canada – namely the GTA and Vancouver regions.   The $1.25 billion-dollar program allows prospective real estate buyers that have a minimum down payment for a home to finance between a 5 and 10 percent of the mortgage through a shared equity program that is run by the Canadian Mortgage and Ho...Read More

Rental Properties: As Good as an Investment as Ever

By: Loretta Phinney Team

Rental Properties: As Good as an Investment as Ever

Tags: Real Estate Investing, Rental Income, Real Estate Purchase

For years now, rental properties have been a popular way for investors to enter the real estate market, and despite the continued increase in property values, they still remain a very attractive purchase. In fact, recent data has shown rental units to be as good of an investment as ever due to rising rental rates. Statistics Canada recently published that average rent increased by nearly 1% in th...Read More

Toronto's Google Sidewalk Labs Backlash

By: Loretta Phinney Team

Toronto's Google Sidewalk Labs Backlash

Tags: Real Estate, Development, Toronto,

Toronto has found itself in a controversy involving one of the world’s most powerful corporations; Alphabet, the parent of company of Google. In 2017 it was announced that the Google affiliate, Sidewalk Labs, would be partnering with local governments in Toronto to develop a portion of the eastern waterfront into a multi-use urban area. The area is planned to be a next-generation part of t...Read More

Municipal Outlook on Ontario’s Housing Supply Action Plan 

By: Loretta Phinney Team

Municipal Outlook on Ontario’s Housing Supply Action Plan 

Tags: Housing Supply, Real Estate, Oakville, Halton

In the midst of a continuous and steady rise in housing prices around the GTA, Ontario is putting forward a Housing Supply Action Plan to try and address some of the key issues at hand.   The Plan outlines five broad areas of improvement. They include: Increasing the speed at which new developments take place Reducing restrictions to the types of housing structures that can be built Redu...Read More

New Elementary School in North Oakville

By: Loretta Phinney Team

New Elementary School in North Oakville

Tags: Oakville Real Estate, Home Value, Halton, Housing

North Oakville is a hotspot for growth. Many new homes are being built in the areas north of Dundas Street and this will require more capacity for services – including schools. That’s why a new elementary school is being built at Sixth Line and Dundas.   The new school will be operated by the Halton District School Board and will have enough capacity for 776 students as well as 88...Read More

Should Government Reconsider the Mortgage Stress Test?

By: Loretta Phinney Team

Should Government Reconsider the Mortgage Stress Test?

Tags: Real Estate, Interest Rate, Mortgage Affordability, Home Sales

New homes in the GTA are not selling as fast as builders would like. Sales for new homes have hit a 20-year low and the overall sales of all homes fell by 11% in 2018.   The drop in sales has led the home building industry to put pressure on the Canadian government to reconsider the stress test for home-buyers. The stress test currently decreases affordability by requiring a homebuyer to show...Read More

10,000 new housing units for Toronto

By: Loretta Phinney Team

10,000 new housing units for Toronto

Tags: GTA Housing Market, Toronto Real Estate, Rental Units, Oakville

Housing supply continues to be a hot-button issue in Toronto and the GTA, despite a cooling housing market. To address high rental and listing prices, the city of Toronto recently announced a plan to develop eleven sites owned by the city.   The plan is welcomed by many as the land will not be sold to the highest bidder – helping to lower development prices and ensuring that high densit...Read More

Halton Region budget brings property tax increase

By: Loretta Phinney Team

Halton Region budget brings property tax increase

Tags: Halton Budget, Oakville, Infrastructure, Local

Halton has a good reputation as a well-managed region. And the latest $421.3 million budget should reflect good budgeting and planning. The new 2019 budget adds $13.1 million for various programs and services, and is accompanied by a property tax increase of 1.9%.   Despite these additional taxes, Halton Regional Chair Gary Carr reassured that the increase comes in below the rate of inflation...Read More

What is Conservation Halton doing with your old Christmas Tree?

By: Loretta Phinney Team

What is Conservation Halton doing with your old Christmas Tree?

Tags: Oakville, Conservation Halton, Bronte, Wildlife

In this day and age, out-of-sight usually means out-of-mind – especially for things we don’t want. But story is more exciting for your old Christmas tree!   Conservation Halton puts a high value on old Christmas trees for restoration efforts. Why is this? And how does it work?   First, Conservation Halton works with waste management authorities to divert Christmas trees that ...Read More

Pros and Cons of New Home Builds

By: Loretta Phinney Team

Pros and Cons of New Home Builds

Tags: Home Buyer, Real Estate, New homes, Customization

  What are the main pros and cons between purchasing an existing home or buying a brand new one. We’ve put together a list to highlight key considerations for home buyers.   Customization For a new home, you may be able to meet with the builder and lay out how you want it to look. You may not be able to get everything you want for various reasons, but the path for building what y...Read More