Royal LePage Real Estate Services Loretta Phinney, Brokerage

What is Warren Buffet doing in Canadian Real Estate?

By: Loretta Phinney Team

What is Warren Buffet doing in Canadian Real Estate?

Tags: Toronto Real Estate, Investment, Borrowing Costs, Home Capital Group,

Warren Buffet is recognized as a very successful value investor and Canada’s real estate markets seem risky for investors. So what is Warren Buffet’s play?   Home Capital Group Inc. is a Toronto based company that provides lending services to the self-employed and the alternative market. Warren Buffet plans to invest $400 million in the company. Buffet’s investment decisions...Read More

OMB Sides with Clublink for Glen Abbey Development

By: Loretta Phinney Team

OMB Sides with Clublink for Glen Abbey Development

Tags: Ontario Municipal Board, Glen Abbey Development, Clublink, Oakville

The Ontario Municipal Board has ruled in favour of Clublink for the full development of the Glen Abbey Golf Course. The Town of Oakville has to make two significant time constrained decisions. Town staff have 120 days to consider and decide on the merits of the rezoning application and 180 days to consider and decide on the application to amend Oakville’s Official Plan.   If decisions a...Read More

Brand New State of the Art School announced for Oakville

By: Loretta Phinney Team

Brand New State of the Art School announced for Oakville

Tags: Real Estate, High Quality Schools, Oakville, Halton Region

Got kids? Or plans for kids in the future? If so, the recent announcement of a brand new state of the art elementary school in Oakville may incite you to reconsider your real estate options so your kids can attend. After all, kids are the most important investment.   Homes in neighbourhoods with good schools are also a good investment from a money side. There is higher demand for homes in nei...Read More

Real Estate: Facts > Predictions

By: Loretta Phinney Team

Real Estate: Facts > Predictions

Tags: Canadian Real Estate, Mortgage insurance, Lenders,

So there’s a new book out called When the Bubble Bursts. And as you’ve probably guessed, it is about Canadian Real Estate. The author makes some flashy claims, like his expectation that housing prices will fall 40-50%.     Throwing around surprising numbers and making dire predictions might just be a good way to get attention in order to sell a book. It is attention grabbing ...Read More

How many families can afford GTA Real Estate? Lots

By: Loretta Phinney Team

How many families can afford GTA Real Estate? Lots

Tags: GTA Real Estate, First Time Buyers, Household income, Real Estate Prices

Residential real estate markets are not in the best state of health. Many people have written (including us) that real estate prices have far exceeded the average family’s ability to pay. While this is true, a recent report points out that 11% of households in Toronto made over $150,000 per year. At this level of income, a mortgage for a $1 million home is realistic and manageable.   Th...Read More

Economic Impact of Developing Glen Abbey Golf Course

By: Loretta Phinney Team

Economic Impact of Developing Glen Abbey Golf Course

Tags: Oakville Real Estate, Glen Abbey Golf Course, Glen Abbey Development

Could Glen Abbey be good for Oakville economically? A lot of Oakville residents are opposed to the development of Glen Abbey Golf Course and would rather have the space be preserved as the iconic Golf Course that hosts the Canadian Open.   Oakville commissioned an economic analysis that compared the current golf course to the proposed development plans that was carried out by PwC. Here are th...Read More

How to control your green bin smells

By: Loretta Phinney Team

How to control your green bin smells

Tags: Green bin, green living, organic waste, Oakville, SciCorp

  Green bins are crucial for reducing the amount of organic waste that gets sent to landfills but they can create nasty smells, especially during the warm summer months. However, a trade-off between being green and not having the smell is not necessary. There are products that will control the smell of your green bin so you and your family can stay green.   One of these products is the ...Read More

Oakville Piloting Waterfront Restaurant

By: Loretta Phinney Team

Oakville Piloting Waterfront Restaurant

Tags: Oakville Restaurant, Local Dining, Pilot Project, Waterfront

Oakville doesn’t lack much in terms of amenities, but it lacking a restaurant with a view. There are very limited options for residents to enjoy food with a view of the lake. Other municipalities like Burlington, have more options for waterfront eating. Oakville has decided to give it a try with a pilot project.   Tannery Park, which is right on the lake on the west side of Sixteen Mile...Read More

Wi-Fi Coming to GO Transit

By: Loretta Phinney Team

Wi-Fi Coming to GO Transit

Tags: GO Train, Commute, GO Transit Wifi, Metrolinx,

Commuting is a necessary part of life that most people probably don’t look forward to. But the journey on the GO trains and buses might become a bit more enjoyable with free Wi-Fi services announced.   Last week, Metrolinx announced it was looking for “partners of interest” that could equip all the GO vehicles with Wi-Fi services. Interested partners can apply for the work u...Read More

May Real Estate Stats: What do the numbers say?

By: Loretta Phinney Team

May Real Estate Stats: What do the numbers say?

Tags: Housing Prices, GTA Real Estate, Homebuyers, Real Estate Sales

Spring real estate is usually robust. The nicer weather brings out buyers and sales numbers usually rise with the temperatures. But not this spring. Take a look at the following stats:   In the GTA sales dropped for every type of housing. Detached: –26.3 per cent. Semi-detached: –22.7 per cent. Townhouse: –18.1 per cent. Condo: –6.4&...Read More