Exciting Housing Density Coming to South Mississauga

By: Loretta Phinney Team

Exciting Housing Density Coming to South Mississauga

Tags: Mississauga, Port Credit, Real Estate, Housing, GTA

Lakeview Village is a multibillion-dollar mixed use project planned for east of Port Credit on the former site of the decommissioned coal-fired Lakeview Generating Station.    The new massive development will be built by a team of multiple developers over the next ten to fifteen years. The development will include highrise condos, townhouse buildings, new commercial and retail space, an...Read More

New Design Finalized for Oakville Towne Square

By: Loretta Phinney Team

New Design Finalized for Oakville Towne Square

Tags: Oakville, Lakeshore Road, Downtown

Downtown Oakville is idyllic as it gets. The renovations to Oakville Towne Square will modernize Downtown Oakville while maintaining the quaint village feel of the area.   In June 2018, the town of Oakville consulted with the public to discuss rehabilitation plans and possible designs. The town of Oakville recently announced the winning design for Town Square called “Turning Leaves&rd...Read More

Saving for a downpayment vs. buying now

By: Loretta Phinney Team

Saving for a downpayment vs. buying now

Tags: Homebuyers, Real Estate, Mortgage, Interest Rates

?New home buyers, or parents helping with children's home purchases, might struggle with the tradeoff of whether it is better to wait and save for a larger down payment or buy a home with existing savings and begin saving for retirement.   Both approaches can work. A bigger down payment and smaller mortgage means less debt, but saving and investing earlier results in compound growth. So ...Read More

Impacts of New Ontario Housing Bill

By: Loretta Phinney Team

Impacts of New Ontario Housing Bill

Tags: Real Estate, Housing Bill, Ontario, Oakville

The Ontario government is proposing sweeping changes to laws that will impact housing development across the province.   Amendments to 15 different laws are meant to reduce barriers to housing development. Some real estate developers are supportive of the bill, Bill 108, because of the expectations around more housing supply. However, Bill 108 is facing significant opposition across Ontario...Read More

Mississauga Real Estate: More Healthy and Stable than GTA

By: Loretta Phinney Team

Mississauga Real Estate: More Healthy and Stable than GTA

Tags: Real Estate, Mississauga, Homebuyers, GTA Housing Markets

The health of real estate markets is an important consideration for homebuyers and sellers. Recent analysis suggests that Mississauga’s real estate markets are both healthy and stable.   Mississauga real estate sales have slowed since peaking in 2017. However, the average price of Mississauga homes has fared better than the rest of the GTA since that time.   Since 2017, Mississ...Read More

Downsizing Done Right: Tips from the experts

By: Loretta Phinney Team

Downsizing Done Right: Tips from the experts

Tags: Real Estate, Moving, Homeowners, Clutter

Real Estate trends are leading to many changes in buyer activity across the GTA market - including the growing popularity of smaller, simpler living spaces. But this often requires downsizing.   Downsizing and decluttering living spaces is gaining popularity. Shows like Tiny House Nation and Tidying Up with Marie Kondo are inspiring many home buyers.   So how can you downsize the rig...Read More

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