Despite the slowdown, Canadian mortgage debt continues to rise Despite the housing market recession, Canadians still have a serious addiction to mortgage debt. According to Stat Can, the sum of outstanding mortgage loans reached a new high in December of 2022. Even while the rate of increase in mortgage credit has fallen to its lowest […]
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StatCan: Nearly Half of Canadians Worry About Shelter Costs Many Canadians worry that they are only a few dollars away from financial disaster. Canadian Social Survey Quality of Life and Cost of Living for Q3 2022 findings were recently released by Statistics Canada (Stat Can). Nearly a third of households struggle to make ends meet
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How does a home warranty differ from an insurance policy? During a storm, a large tree topples down onto your brand-new house, severely damaging the roof. Do you have a new house warranty or homeowners insurance that would cover this? But what if you discover a leak in your skylight when you get up in
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Inflation will slow Canada’s economy this summer. Canada’s hot economy necessitates pumping the brakes. According to RBC Economics’ recent study on inflation, that was the takeaway. Inflation is so high that the world’s central banks have no choice but to raise interest rates aggressively. The new strategy is to bring inflation (and the economy) down
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Five Ontario Cities that will Surprise you with their Low Property Tax Rates When it comes to buying real estate, people often emphasize the importance of the place, the location of the property and what you spend on property taxes each year is a part of that. Why are the properties so cheap? Well, the
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MADISON GROUP TO EXPAND EGLINTON ESTATE WITH NEW INNOVATIVE ADDITIONS 2018 saw the approval of a proposed tower at the site of Eglinton Avenue East in 150 Midtown Toronto. ABOUT MADISON GROUP Madison Group is the developer behind Capitol residences and Nobu residences in Toronto. They have recently expanded their landholdings on the East block
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PXL GALLERY IS CANADA’S FIRST PERMANENT ART INSTALLATION PXL GALLERY IS CANADA’S FIRST PERMANENT ART INSTALLATION Located in SmartVMC, SmartCentres’ revealed 100-acre city centre in Vaughan, the gallery adorns the facade of one of the apartment towers. Gallery PXL is one of the first larger-than-life art installations that was introduced in a new section of
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TORONTO’S WARDEN AVENUE IS NOW HOME TO NEW MULTI-TOWER PROJECT Location: 685 Warden Avenue, Scarborough, Toronto Developer: Choice Properties REIT Architect: Turner Fleischer Architects Due to a recently submitted development proposal, the vacant land around Birchmount Park in Scarborough could be improved. In early July, a revised official draft of a master plan, redevelopment and
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Diamond Schmitt group to transform Ontario place in Toronto into wellness resort Therme Group and Diamond Schmitt Architects had planned to add swimming pools, botanical gardens, and art experiences to Toronto’s waterfront Ontario Place. Besides that, the Grand Plan The entertainment park established in the 1970s, Therma Canada Ontario Place, has been transformed by merging
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Household mortgage debt just rises with a record number in Canada According to the third quarter, households in Canada spent an average of $1.71 for every dollar earned twice, according to Statistics Canada. In other words, according to Statistics Canada, household debt as a percentage of disposable income increased to 170.7 percent in the third
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