Royal LePage Real Estate Services Loretta Phinney, Brokerage

Why is Peel Region called Peel?

By: Loretta Phinney Team

Why is Peel Region called Peel?

Tags: Peel Region, Police, Mississauga, Brampton, Caledon

Peel Region, which consists of Mississauga, Brampton, Caledon is named after Robert Peel, who served twice as the Prime Minister of the United Kingdom from 1834-1835 and 1841-1846. So what kind of things did Robert Peel accomplish? What’s the connection to Canada?   Robert Peel is known as the father of modern policing. In 1829 he created the Metropolitan Police Act which established th...Read More

Taxing House Flippers: Could it work?

By: Loretta Phinney Team

Taxing House Flippers: Could it work?

Tags: Housing Speculation, Housing Supply, Taxes, GTA, Real Estate

We’ve argued before that a tax on foreign buyers wouldn’t be effective for cooling Toronto and GTA housing markets. But would a tax on house flippers work?   A house flipper is someone who converts a small, perhaps beater bungalow, into a larger more modern home. This is often a lucrative undertaking, but it requires a lot of investment and upfront capital. House flippers might no...Read More

Oakville Mansion Going for $65 million

By: Loretta Phinney Team

Oakville Mansion Going for $65 million

Tags: Oakville, Lakeshore, Luxury Home,

It’s such a big mansion that it has its own name – Chelster Hall. And if you have $65 million dollars, it could be yours. It’s right in the heart of Oakville, off the iconic Lakeshore Road, and of course, on the lake.   Chelster Hall was built by the CEO of Interbrew back in 2006, and he intended the building to last for centuries. The 47,000 square feet home is on 10.3 acre...Read More

Don’t Forget About Earth Hour: This Saturday

By: Loretta Phinney Team

Don’t Forget About Earth Hour: This Saturday

Tags: Earth Day, Climate Change, Energy Consumption, Oakville

It’s kind of strange to have one Earth hour. It’d be good if every hour could be earth hour. And that’s because Earth Hour greatly reduces energy consumption and greenhouse gas emissions that cause climate change.   This Saturday, March 25th, from 8:30 to 9:30pm, residents are encouraged to turn off all non-essential lights and unplug electronic devices. You could have ...Read More

How is the Federal Budget Addressing Housing Affordability?

By: Loretta Phinney Team

How is the Federal Budget Addressing Housing Affordability?

Tags: GTA, Housing Affordability, Government Spending

A little more than $1 billion per year is being spent on affordable housing for 11 years, according to the latest Canadian federal budget. But is this really enough to address the issue?   Many are criticizing the funding in new federal budget as inadequate to address housing needs. Some have even gone as far as calling the funding “symbolic”, meaning that the $11.2 billion in spe...Read More

Happy World Water Day, but not for the Great Lakes

By: Loretta Phinney Team

Happy World Water Day, but not for the Great Lakes

Tags: Water, Waste Water, Trump, Great Lakes

March 22nd marks World Water Day. The goal of the day is to raise awareness about the importance of freshwater and the sustainable management of freshwater resources. But the Trump Administration has recently announced cuts to the Great Lakes Restoration Initiative.   This year’s World Water Day theme is: Why Wastewater? 80% of wastewater from cities, industry and agriculture flows back...Read More

Laneway housing coming to Toronto

By: Loretta Phinney Team

Laneway housing coming to Toronto

Tags: University of Toronto, Housing Supply, Bylaws, Pilot Project

The University of Toronto is supporting a laneway housing pilot project that might just be the start of a new solution to provide more housing supply in already built up areas. Two Laneway houses will be built in the Annex neighbourhood and will be completed by 2018.   Laneway houses can be built on pre-existing plots of underutilized land. It’s a solution that optimizes space and fills...Read More

Oakville Arena Area plans are finalized

By: Loretta Phinney Team

Oakville Arena Area plans are finalized

Tags: Oakville, Arena, Hockey, Community Centre

The wooden trusses that criss-cross the Oakville Arena roof system will remain as an iconic feature of Oakville’s hockey history. The Oakville Arena was built in 1950 and has been a main feature of Oakville’s cultural history.   Last year, Oakville residents were consulted about what they thought the fate of the arena should be. Based on resident feedback, Oakville Arena will unde...Read More

The hidden costs of condos

By: Loretta Phinney Team

The hidden costs of condos

Tags: Condo, First Time buyer, Maintenance fees

Let’s be real. First time buyers are probably only going to be able to afford a condo. And that’s if they’re lucky. But even though condos seem to be relatively affordable, there are costs that may be unknown to buyers.   Buying a condo can be tricky. It’s best to go with an experienced real estate agent that is familiar with specific condo buildings. Some condos may b...Read More

How much do people make from Airbnb?

By: Loretta Phinney Team

How much do people make from Airbnb?

Tags: Airbnb, Mississauga, Regulation, Homeowner, Sharing economy

Airbnb is truly a 21st century idea. It’s the sharing economy. Allowing someone to stay in your home while you’re not there could seem like a daunting idea but it is becoming increasingly popular. Travellers find it can be a more novel experience than staying in a hotel.   Some concerns over Airbnb have been raised though. Some people may be purchasing homes and exclusively postin...Read More