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This is the best example of the "not-only-in-my-dream" pricing of real estate in Toronto.

Remember that imposing complex of ultra-modern, modular, greenery-covered condos that have been slated for King Street West for some time now?
Well, the luxury development and architecture firms behind the community dubbed "King Toronto" threw a sumptuous party proving that the prospect of living in the building is absolutely out of reach for many normal people.

Problems with Airbnb

More than a year after Oakville, Ont. imposed North America’s steepest fees on short-term rental companies, The Logic has learned that industry giant Airbnb has continued to operate illegally in the Greater Toronto Area town—and Oakville is now revising its bylaw.

$51,518 M deal in Toronto

The property that’s home to Filmores Hotel, a downtown Toronto landmark best known for its downstairs strip club, has been sold to a developer for $31.5 million, property records show.
The same developer, Menkes Development, also bought the parking lot next to the building for an additional $20.018 million. The deal closed on Jan. 16.
Filmores has been in operation at 212 Dundas Street East since 1985. Prior to that, another strip club was operating in the building under the name Stage 212.

Rent-to-own ideas

Rent-to-own is becoming an increasingly attractive option for investors. While the practice isn’t as popular with our neighbours south of the border, here in Canada it is a great option to consider especially with tightening regulations, a complex market, and new mortgage rules.
With more than 11 billion people across the country renting, and housing prices becoming more unattainable, tenants are looking for more options and investor interest is brewing on what opportunities are out there.

Millennials, millennials ...

As Toronto home prices skyrocket, developers are betting they can lure millennials to a place they may have feared to tread: suburbia.
New projects in some of the city’s oldest suburbs are being pitched with walkable neighborhoods, condo towers, cafes, shops, and a hip city feel. The phenomenon has been dubbed “hipsturbia.”

Not only in BC - everywhere in Canada ...

The vast majority of all first-time homebuyers in B.C. now need help from the bank of mom and dad to get into the real estate market, a new survey has found.
According to a December survey of 193 notaries, 90 percent said their first-time buyer clients got financial help from their family.
That's up from a similar survey in 2015 when B.C. notaries said just 70 percent of first-time homebuyers needed help.

Montreal Airbnb ordered to pay $50K to condo syndicate

Tenants of a downtown Montreal condo complex have been ordered to pay more than $50,000 after an undercover investigation revealed they were renting out units on Airbnb against the building’s regulations.
After several attempts to curb the problem, the building’s management had hired private investigators last June to go undercover and rent the units online, proving tenants were using the short-term rental service.

An interesting alternative for housing

This eight-room home that cost $80,000 was designed and built for a family who had previously tested a 430-square-foot DublDom for one year before deciding they needed a larger version. Thanks to the large skylights, glass walls, and exposed beams, the home gets plenty of natural light, and the entire interior is made of whitewashed solid pine wood, making you feel like you're living in the great outdoors.

Signing with a sales rep/brokerage is a binding agreement

Real estate transactions in Ontario need a proper documentation.
I have attached the simple and concise explanation of some rule by Joe Richer, the RECO registrar.


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