What is mortgage stress test? The mortgage industry is currently undergoing a “stress test,” you may have heard about. It’s the guidelines that mortgage providers use to figure out whether a borrower is eligible for a loan, and if so, how much of a loan they can get. It’s still valid for purchasers with a […]
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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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A projected 50-story mixed-use tower with a conserved mid-century office building at Yonge and Bloor streets New improvements to the Toronto Bay Street Corridor could include a new, proposed 50-story tower. The district between Yonge Street and University Avenue, which extends from Bloor to Front Streets, is a hub for high-rise constructions for a condo.
MOST CANADIAN REAL ESTATE MARKET BEYOND AFFORDABILITY FOR MIDDLE CLASS You did it! Your family has an income comparable to the national average in Canada, and you have successfully persuaded your employer to let you work from home. The only thing left for you to do now is looking for an affordable place to live
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