If the monthly cost of your rent is starting to take a toll on your wallet, it might be time to take a look at some of the cities in Canada where rent actually went down.
Read more: https://bit.ly/3fvjrhp
Category Archives: Canada
Tony Gioventu: Who is responsible for maintaining decks, balconies in strata?
Dear Tony: Can an owner be responsible for damages to the membrane and structure of a balcony if they have overloaded the space? Our strata is a four-level low rise in False Creek with extensive outdoor balconies and decks. Some are suspended off the building and others are rooftop areas over living spaces. With the significant snow falls, preceded by rains and then freezing, leaks have shown up in two separate units resulting from planters that are saturated and overloaded. The weight has stressed the seams in the decks and the resulting tears have caused leaks into living spaces below. Our strata council has never issued any advisories, but we do have a bylaw that stipulates owners are responsible for the maintenance and repair of decks and balconies.
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Burnaby man buys condo, sees scammer post it as a rental
A Burnaby resident is warning people that the place they see for rent online might not actually be real.
Read more: https://bit.ly/34JJZJy
Luxury sales have a banner year across Canada, Edmonton included
Luxury real estate in Canada is booming, a new report shows, and Edmonton is no exception, says a local realtor.
Read more: https://bit.ly/3fnBSV9
Crude reality: New report suggests gas prices will continue to rise in 2022
Gas prices have been a fickle passenger along the highs and lows of the pandemic ride.
Read more: https://bit.ly/3K8ZE5k
Alberta, Ontario and Manitoba lead the provinces in Canada’s ‘chronic’ housing shortage, says Scotiabank
A “chronic” national housing shortage that is most pronounced in Ontario is threatening to exacerbate Canada’s affordability crisis, at a time when home prices are already surging to record highs across the country.
Read more: https://bit.ly/323MPZ6
CMHC to review down payments on investment properties as part of federal strategy to tackle housing risks
The federal government is planning to review the rules surrounding down payments on investment properties in a bid to curb speculation in red hot housing markets, with increases in the downpayment or restriction on the source of funds the most likely measures it might pursue, according to industry experts.
Read more: https://bit.ly/3to4ndp
Mansion Sales Surge 240% in Vancouver, Canada’s Hottest Market
Even the ultra-wealthy are finding they’re not immune to Canada’s housing shortage, and nowhere is that truer than in the country’s most expensive major market, Vancouver.
Read more: https://bloom.bg/3feRFpd
How much is your street benefiting from rising property values? (maps)
Tucked away in a part of this week’s City Council agenda that attracted no attention, were two maps of interest to anyone following local real estate prices.
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Victoria Coun. Geoff Young advocates tying rent increases to property tax increases
Victoria Coun. Geoff Young is proposing a change to rules governing rent increases that would see them go up directly as a result of rising municipal property taxes.
Read more: https://bit.ly/3HWvhgx