How to cool a scorching hot real estate market + MORE Mar 29th

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Toronto’s current real estate boom has people thinking the same way they did in the 1980s, worried that homes were no longer affordable, says real estate veteran Karen Millar.

Continue Reading On cbc.ca »

Think of investment sectors as neighbourhoods. If you own the best house in the worst neighbourhood, the market will assign a discount on your home’s value. Own the worst house in the best neighbourhood and you’ll enjoy a premium valuation. That’s how Barometer Capital describes its approach to investing, and investors may want to follow suit, especially if your portfolio lives in the financial district.

When investing, copy what works »

“The vast majority of your return comes from being in the right sector,” says Diana Avigdor, vice-president head of trading and portfolio manager at Barometer Capital, a Toronto-based wealth management firm. With interest rates climbing in the U.S. this is an important time for investors to make sure they understand which neighbourhoods they’re in.
The current rise in rates in the U.S. Is more about a normalization, after a lot of intervention to boost the economy. It’s not about an expected surge in inflation. Regardless, investors have a good window to take stock of their portfolios…

Continue Reading On moneysense.ca »

How to cool a red-hot housing marketSold stickers on real estate signs along Beach Drive in the greater Victoria Municipality of Oak Bay, Victoria, BC. (Don Denton/CP)
When the federal budget landed last week, Ontario Finance Minister Charles Sousa was disappointed in at least one respect. Sousa had pressed the Liberal government to do something about the province’s overheated real estate market, specifically in the Greater Toronto Area, where the average selling price for homes soared 27.7 per cent compared to the year before, to $875,983. Sousa advocated higher capital gains taxes on the sale of homes that are not primary residences, arguing it would dissuade flippers and speculators, while helping first-time buyers get into the market. But the feds opted not to tinker with capital gains taxes. With the Ontario budget expected soon, Sousa is now promising to take action at the provincial level.
Toronto and Vancouver are by far the country’s most heated housing markets, but other cities are showing signs of strain, too…

Continue Reading On macleans.ca »

How to cool a scorching hot real estate marketSold stickers on real estate signs along Beach Drive in the greater Victoria Municipality of Oak Bay, Victoria, BC. (Don Denton/CP)
When the federal budget landed last week, Ontario Finance Minister Charles Sousa was disappointed in at least one respect. Sousa had pressed the Liberal government to do something about the province’s overheated real estate market, specifically in the Greater Toronto Area, where the average selling price for homes soared 27.7 per cent compared to the year before, to $875,983. Sousa advocated higher capital gains taxes on the sale of homes that are not primary residences, arguing it would dissuade flippers and speculators, while helping first-time buyers get into the market. But the feds opted not to tinker with capital gains taxes. With the Ontario budget expected soon, Sousa is now promising to take action at the provincial level.

Is Toronto real estate really in a bubble? »

Toronto and Vancouver are by far the country’s most heated housing markets, but other cities are showing signs of strain, too…

Continue Reading On moneysense.ca »

How to cool Canada’s burning-hot real estate market(Don Denton/CP)
When the federal budget landed last week, Ontario Finance Minister Charles Sousa was disappointed in at least one respect. Sousa had pressed the Liberal government to do something about the province’s overheated real estate market, specifically in the Greater Toronto Area, where the average selling price for homes soared 27.7 per cent compared to the year before, to $875,983. Sousa advocated higher capital gains taxes on the sale of homes that are not primary residences, arguing it would dissuade flippers and speculators, while helping first-time buyers get into the market. But the feds opted not to tinker with capital gains taxes. With the Ontario budget expected soon, Sousa is now promising to take action at the provincial level.
Toronto and Vancouver are by far the country’s most heated housing markets, but other cities are showing signs of strain, too. The latest Demographia International Housing Affordability Survey pegs Montreal, Calgary, Edmonton, Victoria, Kelowna, B…

Continue Reading On canadianbusiness.com »

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