Founder & President of Toronto Home Realty, AREAA Toronto President,AREAA Luxury Vice Chair,AREAA National Convention Chair, Certified Int’l Property Specialist
We’re entering a digital age where value is stored and easily accessible on blockchains and issued on ledgers. This is the future of how money will work. Buying & selling done instantly on smart contracts. Eventually everything will be tokenized right to how we trade & buy homes.
Tiff Macklem Runs Up The White Flag; Looks Like Rate Hikes Are Done
When a Bank of Canada Governor who has been called out for saying dumb stuff uses a phrase like "Interest Rates are high enough" bet the farm rate hikes are done
He may have suggested he could still hike
2/
1 Bloor ST W "The One" has been foreclosed and is now under receivership.
Some facts about the site:
1. The site was an assembly of 8 properties acquired starting in August 2014 and finishing in April 2016.
Total land value: $224,500,000 or $259 BSF
2. Development application was first submitted in March 2015 at 80 storeys.
Then re-submitted in April 2016 for slightly more density with changes to the retail core.
3. Condo sales commenced in October 2017 at an average of approximately $1550 PSF
4. In December 2020, there was another development application for an additional 9 storeys of residential.
922,079 SF of Gross Floor Area and 505 residential units.
The federal government is targeting record levels of immigration for the foreseeable future, but we have seen very little tangible progress in creating more ownership and rental housing to accommodate this growth, said #TRREB CEO @JohnDiMichele1. MORE➡️🔗https://t.co/DC9ERFDMex
Private landlords are faced with property tax increases beyond inflation as well as costly insurance increases not to mention higher interest rates. The NDP capping rents at 2% will drive more landlords out of the rental market at a time when rental housing is already scarce.
Following BoC rate hike, essentially every new mortgage borrower will have to qualify at a minimum of 7%.
If you’re on a variable rate your mortgage increases by about $40 for every $100k borrowed.
The Bank of Canada has increased its policy interest rate by 0.75% points to 3.25% on Wednesday, the highest level since 2008, and said that interest rates need to rise further to get surging consumer prices under control. https://t.co/Z443AYUJaz
🇨🇦Oh (hey) Canada! We’re opening our first Canadian office – a key engineering hub – in Toronto!
We're looking to hire 50 new employees in the area, eventually expanding to 100s of technical positions.
Check out our open roles: https://t.co/aHXO5QhG2Q
🍁 https://t.co/vm34Bz1lmD
@DC55450681@AntonyRobart@tamaracherry@TorontoStar@nadineyousif_ This should never be normalized. Back in the day, kids delivered papers and these papers also sat on family coffee tables. Can you imagine a child seeing this and thinking this must be acceptable since it's on the front page of the paper? The Star really crossed that line today.
Luxuriate your career! Register here: https://t.co/sXMjo54Frv Join us in NYC March 15-16 for AREAA’s Luxury Real Estate Designation course in partnership w/The Institute of Luxury Home Marketing @ilhm. Learn from experts Bill Hensley & best selling author Terri Morrison! #luxury