Aboozar Sheikhi - Your Realtor in Ottawa

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Canadians should ‘buy smaller’ homes in response to interest hike, Bank of Canada head says

As the Bank of Canada raised key interest rates to 1.5 per cent (up from 1.25 per cent) Wednesday morning, mortgage rates are already rising as</b> …

Canadian Real Estate

Canada's millennials still dream of home ownership – and make it happen

Both Toronto and Vancouver had frantic housing markets in 2017 — prices skyrocketed and many properties sold with bidding wars that pushed their …

Canadian Real Estate

Why aren’t home prices falling? Home sellers won’t have it

It’s been more than five months since the roll-out of new mortgage rules that forced even homebuyers with a larger downpayment to undergo a financial …

Western Cities Want to Slow Flood of Chinese Home Buying. Nothing Works

Crowds swept into the Beijing Exhibition Center on a recent morning for a real-estate expo that drew thousands of people interested in foreign property.<p>That kind of surging interest has created a flood of capital that is washing over cities throughout the globe, distorting home prices, irritating …

Real Estate

Even New Yorkers can’t afford an apartment in Toronto | The Star

There’s only a handful of cities in the world that make living in New York seem cheap for middle-income people, places such as London, Sydney and …

Hardwood vs. engineered flooring? Granite vs. quartz? The answer might surprise you.

We are in love with nature — but also with technology — so which is better when you build or remodel a home? Natural products such as wood or wool? Or a ­man-made substitute, such as laminate or nylon? To answer this question, I consulted dozens of design and DIY websites and checked in with my …

Home Improvement

Toronto home sales plunged 22% in May — and it shows the city's housing bubble is getting serious

Housing in the Greater Toronto Area is, let's say, retrenching. Canada's largest housing market has seen an enormous two-decade surge in prices that culminated in utter craziness in April 2017, when the Home Price Index had skyrocketed 32% from a year earlier. But now the hangover has set in and …

Canadian Real Estate

I've been investing in real estate since I was 22 — here's why it's one of the best ways to build wealth

At 22 years old, I accidentally started a business when I persuaded my boyfriend that we should buy a condo together. Little did I know, the small purchase would jump-start an entire real-estate career.<p>Throughout our 20s, we went on to acquire a couple of dozen rentals in the Boston area. Along the …

There's A New Threat Stalking Canada's Homebuyers

The slowdown was supposed to make housing more affordable. Then interest rates started rising.<p>It seems like Canadian homebuyers just can't catch a …

The World’s Hottest Luxury-Property Market Is a Sleepy Canadian City

The hottest market in the world for luxury real estate? Victoria, British Columbia.<p>Thanks to Chinese and U.S. buyers, the provincial capital of …

The One Major Drawback to Undermount Sinks

Undermount sinks are often a no-brainer decision when remodeling a kitchen. There's lots to love: they look nice, let you wipe water and crumbs …

It’s time to decelerate Canada’s property market

Real estate agents are primarily sales people. Since they work on commission, they want two things: to make as many sales as possible and at prices …

Bank of Canada's mortgage 'stress test' rate climbs higher

As mortgages get more expensive with interest rates rising in Canada, the hurdle that some borrowers must pass is also getting higher.<p>The interest …

Free Land Is Now Up for Grabs in Toronto and Vancouver

Jaxson Khan, 24, encountered the nightmare that is Toronto’s rental market when he moved to the city to join a small tech startup. He ended up …

Four Pot Plants Can Still Wreck Your House, Canadian Realtors Warn

Canada’s push to legalize pot is running into more opposition, this time from a realtor group that says home cultivation could cause property …

How to Calculate Your Home Equity—and Why It Matters

WE’VE ALL DONE IT—that mental calculation where you try to figure out how much you’d clear if you were to sell your house and pay off your mortgage. But it can be more than just an idle exercise. Even if you never sell your home, the equity you have in it can help you pursue important personal …

7 tips for picking a great real estate agent

Real-estate agents promote themselves with yard signs, online ads, direct-mail postcards and even sponsored public benches. So cutting through the …

Why did mortgage rates just surge?

Opinion: The mystery behind TD’s surprise mortgage rate hike—and what it means for consumers<p><i>Robert McLister is a mortgage planner at intelliMortgage,</i> …

Rental investors bought half of GTA condos last year, but rents fall short, CIBC report says

Nearly half of all new condos sales that were finalized last year in the Greater Toronto Area were for rental purposes, but income from them could be …

How To Port A Mortgage In Canada Successfully : The Saturday Weekend Review #230

SHOULD YOU BREAK YOUR MORTGAGE OR PORT IT WHEN SELLING AND BUYING A NEW HOME? Whether you can port a mortgage depends on a few factors but ultimately …

Who Is the Best Tenant for Your Rental Property?

When you’re renting property, it’s important to conduct thorough background checks in order to successfully vet a potential tenant. A background …

Housing

Damn Those Skeptics: Owning a Home DOES Build Wealth

Being back from my very brief holiday respite and having had the chance to recharge my battery, I have to tell you I was really infuriated by all of …

Home Ownership

Look We Love for Kitchen Remodels: Backsplash Windows

Everyone wants their kitchen to be sunny, right? But this often presents a bit of a challenge, since every bit of wall that you use for windows is a …

Canada introduces new asbestos rules

Canada is moving ahead with its promised asbestos ban by proposing the prohibition of the use, sale, import and export of asbestos and products …

Canada

Douglas Todd: Explosive B.C. court case details seven migration scams

A shocking B.C. Supreme Court case that pitted two rich families from China against each other provides grim revelations about the kind of migration, …

Heritage status sought for rare surviving example of Edwardian-era row housing in Calgary

At the turn of the 20th century, Calgary was facing a bit of a housing crunch.<p>One solution was to adopt low-maintenance, brick row-housing, like the …

Architecture

CMHC shuffles management as CFO Zielonka leaves

Canada Mortgage & Housing Corp. replaced Chief Financial Officer Wojo Zielonka and shuffled its leadership ranks to “better address current and …

Canadian Real Estate

Whitehorse affordable housing units flooded after pipe bursts

Some tenants of an affordable housing complex in Whitehorse have been displaced, after a pipe burst and flooded their units.<p>It happened Friday at 60 …

Vancouver remains Canada’s second priciest rental city: stats

It will come as little surprise to locals but Vancouver has hung on to its spot as the second most expensive city for apartment rentals.<p>In statistics …

Canadian home prices rise as Toronto sees first gain in 6 months

The Canadian real estate market got off to a good start this year with house prices rising in January, as Toronto saw its first gain in six months, …