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Halifax & Surrounding Area | Sutton City Realty Inc., Brokerage

condo owners News and Articles | My Blog

Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook

10/2/2023 | Posted in Home Owners by Paul DeAdder

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With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain ... More


Five Things Every New Condo Buyer Should Know

1/3/2020 | Posted in Home Buyers by Paul DeAdder

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Have you decided to purchase a new condo? Consider these things to ensure you understand your rights as a new home buyer.

... More


GTA condo apartment sales up 3.2% in the second quarter

7/29/2019 | Posted in GTA Real Estate by Paul DeAdder

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The market for condo apartments remained strong in the Greater Toronto Area in the second quarter.

... More


1 in 10 new Toronto condos are owned by non-Canadian residents

4/16/2019 | Posted in Toronto Real Estate by Paul DeAdder

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A staggering new analysis of foreign-owned residential properties in Canada reveals that at least 10 per cent of all condos built in Toronto between 2016 ... More


Canadian homeownership rates still among highest globally

3/6/2019 | Posted in Canadian Housing Market by Paul DeAdder

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Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC).

... More


Strong returns for condo investors in tight GTA market

7/13/2018 | Posted in GTA Real Estate by Paul DeAdder

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Condo investors in the Greater Toronto Area are seeing strong gains in rents according to a new report.

... More


How not to get hammered by rising condo fees

5/17/2018 | Posted in Community by Paul DeAdder

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Condos can be a problem-solver in today’s real estate market. But there’s also a sense of dread associated with condos, specifically with the monthly maintenance ... More


Province to lift electric vehicle roadblocks for condo owners

4/23/2018 | Posted in Ontario Real Estate by Paul DeAdder

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Condo dwellers in Ontario will soon have an easier time charging their electric vehicles at home, part of a province-wide plan to reduce emissions and fight ... More


Foreign buyers a minuscule portion of housing market: CMHC

12/21/2017 | Posted in Foreign Buyers by Paul DeAdder

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Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More


Condo disputes can now be resolved online

11/8/2017 | Posted in Ontario Real Estate by Paul DeAdder

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Ontario's new condo tribunal is accessible but will only mediate and adjudicate one kind of dispute to begin.

... More


Ontario begins rolling out new condo-board regulations

8/1/2017 | Posted in Ontario Real Estate by Paul DeAdder

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Names of Ontario condominium directors will be listed in a public database under new regulations unveiled this month, as the province begins to implement a new law to protect ... More


GTA condo sales up more than 20 per cent

4/26/2017 | Posted in GTA Real Estate by Paul DeAdder

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The sale of condos in the Greater Toronto Area continues to surge with a 21.7 per cent in the first three months of 2017 compared to the same period of 2016.

... More


Impact of U.S. Fed rate hike - Warning

3/14/2017 | Posted in Mortgage Interest Rates by Paul DeAdder

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Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ... More


Foreign ownership of Canadian condos down from 2015: CMHC

12/7/2016 | Posted in Real Estate News by Paul DeAdder

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Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to ... More


Tax implications of selling a home

12/2/2016 | Posted in Home Sellers by Paul DeAdder

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For Canadians who are planning to release their homes to the highly competitive real estate market, they need to be aware of the tax implications of the recent regulatory ... More


Mississauga residents brace for tax bill

12/2/2016 | Posted in Community by Paul DeAdder

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This week the City of Mississauga began its budget deliberations in council chambers. Staff presented a proposed tax increase of 5.9 per cent on the city’s portion (34 ... More


Toronto condo builders still can't keep pace with demand

11/25/2016 | Posted in Toronto Real Estate by Paul DeAdder

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With Vancouver’s real estate market in retreat, industry pundits are wondering how long the Toronto market’s strength will perservere.

... More


Foreign buyers have limited power in GTA condo market as sales soar

10/28/2016 | Posted in GTA Real Estate by Paul DeAdder

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Foreign buyers play a limited part in condo sales activity in the Greater Toronto Area but investors play a key role in the market according to a new report from ... More


GTA high-rise sales breaking records

10/21/2016 | Posted in GTA Real Estate by Paul DeAdder

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Sales of high-rise homes in the GTA are set to break records in 2016 according to the Building Industry and Land Development Association (BILD).

... More


Housing market correction or 'a whole lot of nothing'?

10/18/2016 | Posted in Toronto Real Estate by Paul DeAdder

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As new mortgage rules come into effect that will limit the borrowing power of many buyers, there's uncertainty about the consequence this will have on Toronto's red-hot ... More


Where are the most expensive condominiums in downtown Toronto?

10/18/2016 | Posted in Toronto Real Estate by Paul DeAdder

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According to the just-released results of a recent survey, major intersections play host to the costliest condominium units in downtown Toronto.

... More


GTA on course for high-rise sales record

9/23/2016 | Posted in GTA Real Estate by Paul DeAdder

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Sales of high-rise homes in the Greater Toronto Area are on course to hit a whole-year record in 2016 with year-to-date sales already the highest ever.

... More


Condo supply slides to decade low

8/8/2016 | Posted in GTA Real Estate by Paul DeAdder

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The supply of new condos in the Greater Toronto Area hit the lowest level since 2010 in the second quarter of 2016.

... More


GTA condo sales overtake supply

7/4/2016 | Posted in GTA Real Estate by Paul DeAdder

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Condominiums are becoming an increasingly important part of the GTA’s housing market mix as development in the region grows more intense. January to April 2016 saw 6,229 ... More


Price hikes forcing rent increases

4/15/2016 | Posted in Toronto Real Estate by Paul DeAdder

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Investors in this market likely to enjoy even higher rents. Condo rents in Toronto have increased 6.8% year-over-year as vacancy rates fell to 0.5%, according to ... More


Toronto, Vancouver condo investment is long-term says report

4/6/2016 | Posted in Real Estate Investments by Paul DeAdder

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Most investments in condos in Toronto and Vancouver are for long-term gains rather than making a quick buck. That’s according to a report from the CMHC which says ... More


New condo rules will help 1.3M Ontarians

12/15/2015 | Posted in Real Estate News by Paul DeAdder

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Some 1.3 million Ontario condo dwellers will be better protected and have more rights under long-awaited new legislation.

... More


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