Halton Region Could Halt Housing Developments

By: Loretta Phinney Team

Halton Region Could Halt Housing Developments

Tags: Funding, Infrastructure, Revenue, Growth Plan

The question always comes down to funding. The Province of Ontario’s Places to Grow Act mandates that Halton Region will grow to about 1 million people by 2041. Except Regional Councillors are arguing that there is a lack of revenue tools necessary for this level of growth.   What happens when a region lacks revenue tools? Property taxes likely would go up to compensate. And no one want...Read More

GTA Home Builders among the best in North America

By: Loretta Phinney Team

GTA Home Builders among the best in North America

Tags: GTA, Home Builders, Stacked Townhomes, Development

The National Sales and Marketing Awards recently gave out 10 golds and 44 silvers to home builders in the GTA. So what makes GTA builders so great?   The Building Industry and Land Development Association (BILD) has a long history of winning awards at the Nationals in the building, design and marketing categories. This year, members of BILD did exceptionally well in the architectural design o...Read More

What was Southern Ontario’s Worst Winter Storm?

By: Loretta Phinney Team

What was Southern Ontario’s Worst Winter Storm?

Tags: Snow, Winter, Niagara Region, Blizzard

A 10-centimeter snowfall seems like a big weather event, especially this winter. It has been relatively warm. But what’s the worst storm ever? How bad can it get? The infamous blizzard of 1977 in the Niagara region created 9-meter snow drifts and snowmobiles were the only method of transportation for weeks in some places.    November and December of 1976 were 6 °C colder ...Read More

How does the expanded GO Transit Service Impact Home Values?

By: Loretta Phinney Team

How does the expanded GO Transit Service Impact Home Values?

Tags: Real Estate, Oakville, Mississauga, Housing Prices

Some people might think living close to a GO station or route might be noisy and busy. Others see an opportunity to live in more affordable regions outside of the pricey downtown core. And as GO transit is expanding its services of many of its routes, the access to Toronto is improving.   Some neighbourhoods in the GTA will see home values increase by 12% from GO Transit’s expanded 15-m...Read More

By: Loretta Phinney

Meet Loretta

Tags: #LONGESTNIGHTPEEL

Meet Loretta. People are left homeless for many reasons; loss of job, illness, and sometimes teenagers are being kicked out of their home because of their sexual orientation or because of a disagreement with family members. These kids can’t rent somewhere because of their lack of credit. People deserve better than this. I’m participating in #LongestNightPeel this year to draw atten...Read More

Would a foreign buyer tax work in the GTA?

By: Loretta Phinney Team

Would a foreign buyer tax work in the GTA?

Tags: GTA, Housing, Foreign Buyer, Tax

The short answer is no. A foreign buyer tax would work if foreign buyers significantly affect housing prices. But they don’t, despite what some media outlets would have you think.   The numbers tell the story. Just 4.9% of real estate transaction involve foreign buyers. In response, the Toronto Real Estate Board (TREB) has decided to release a press statement that says a foreign buyer t...Read More

A Dim January but Brighter Days for February

By: Loretta Phinney Team

A Dim January but Brighter Days for February

Tags: Seasonal defective disorder, Toronto, Vitamin D, Weather

Literal dimness. Toronto only had 48.8 hours of sunlight in all of January. That’s about half the usual amount of 85 hours. Fog and clouds have made the month remarkably dark and gloomy.   The sun has been peaking out a bit more in February though. If you felt blissfully happy to revel in the warmth of those rare sun rays, then you might have a vitamin D deficiency. Vitamin D isn’...Read More

January Housing Stats: Price gains compared to average income

By: Loretta Phinney Team

January Housing Stats: Price gains compared to average income

Tags: Average Selling price, Oakville, Housing sales, 905 Region

In just one year from January 2016 to January 2017, the average selling price for a home in the GTA increased by $140,552. That’s almost double of the average income in Toronto, which is $75,270.   The average condo now costs $442,598 up 14.5% compared to this time last year. Condos had the most activity in terms of sales. But outside the condo market, the 905 region experienced that ma...Read More