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High Real estate prices? Don’t blame housing Supply

By: Loretta Phinney Team

High Real estate prices? Don’t blame housing Supply

Tags: Housing Market, Real Estate, Housing Supply, GTA, Detached home

The 2016 census shed some interesting light on Toronto’s housing market. Many analysts and commentators (including this blog) have suggested that the high prices of housing in the GTA real estate market are due to a low supply of housing. However, that may not be the case in reality.   Between 2011 and 2016, the Toronto population grew by 146,200 households, while 175,825 new homes were...Read More

Oakville Council Unanimously Approves Glen Abbey Heritage Status

By: Loretta Phinney Team

Oakville Council Unanimously Approves Glen Abbey Heritage Status

Tags: Oakville, Heritage Status, Glen Abbey, Canadian Open, Clublink

It’s official. Oakville Town Council unanimously voted in favour of giving Glen Abbey Golf Course Heritage Status late on Monday night, August 21. This decision highlights that Town Council has listened to Oakville residents who have made their opposition towards development loud and clear.   Although this is a major win for the Glen Abbey community, Mayor Rob Burton pointed out that th...Read More

Millennials seek home ownership despite high prices

By: Loretta Phinney Team

Millennials seek home ownership despite high prices

Tags: Millennials, Royal Lepage, Property Ladder, Investment

Home ownership is almost a rite of passage into adulthood, and a majority of millennials ages 25-30 are driven to achieve that within the next five years. Royal Lepage discovered these results from a survey to gauge how millennials view home ownership across the country.   Three quarters of Canadian millennials see home ownership as a good investment. However, in Ontario, 72% of those surveye...Read More

$100m in Opportunities for Municipalities to Reduce GHG Emissions

By: Loretta Phinney Team

$100m in Opportunities for Municipalities to Reduce GHG Emissions

Tags: Oakville, Taxpayer, GHG emissions, Infrastructure,

The Ontario Government announced new funding for municipal projects that reduce greenhouse gas emissions. Why should you care?   First of all, it is important for all levels of government to take action on climate change. The provincial funding will help finance municipal projects that might otherwise not have the upfront capital required.   A second reason to care is that these projects...Read More

Glen Abbey Golf Course moves closer towards Heritage Status

By: Loretta Phinney Team

Glen Abbey Golf Course moves closer towards Heritage Status

Tags: Oakville, Glen Abbey, Heritage, Development, OMB

The Heritage Oakville Advisory Committee voted unanimously to issue a notice of intention to designate Glen Abbey Golf Course as a heritage site under the Ontario Heritage Act. Although it is only a “notice of intention to designate” rather than an official designation, this news short be welcome to those opposed (such as saveglenabbey.ca) to Glen Abbey’s development into 3,222 r...Read More

AirBnB’s Impact on Canadian Real Estate

By: Loretta Phinney Team

AirBnB’s Impact on Canadian Real Estate

Tags: AirBnB, GTA Real Estate, Housing Supply, Investment Properties

AirBnB is one of those services that you love, but might also hate. AirBnB is a great option if you’re travelling. But if a real estate market is tight, AirBnB is likely cutting into the housing supply. That’s the case, at least in certain Canadian cities.   14,000 rental units are used for AirBnB in Toronto, Vancouver, and Montreal according to a recent report by McGill Universit...Read More

Oakville 2017 KerrFest: September 8 and 9

By: Loretta Phinney Team

Oakville 2017 KerrFest: September 8 and 9

Tags: Oakville, Kerr Street, Kerrfest, GTA

Building on the success of the past three years, Kerr Fest is returning for its fourth consecutive year on September 8 and 9. Thousands of people from Oakville and the surrounding GTA region will descend on Kerr Street to enjoy a variety of attractions.   Live Music David Wilcox, playing on September 8 from 9:30 to 11pm. Wilcox is a successful singer-songwriter with 5 gold and platinum albums...Read More

Multi-Generational Living is becoming the new Reality

By: Loretta Phinney Team

Multi-Generational Living is becoming the new Reality

Tags: Real Estate, Renovations, Family, Boomerang Generation

The expectation that couples, adult children, and grandparents will all end up living in a separate home is now being challenged. The traditional cycle was to move out after college or highschool, get married, start a family and buy a home, while parents and grandparents downsize.   The boomerang generation is now becoming more prominent in many population centres across North America. A grow...Read More

Housing Market Slowdown Good for the Economy?

By: Loretta Phinney Team

Housing Market Slowdown Good for the Economy?

Tags: GTA, Real Estate, Affordable Housing, Canada Economy

The housing market seems to have cooled off (for now), and people have come to their senses about the unsustainability of the housing price increases over the past few years. The market has clearly not crashed, as some predicted and is now working on more realistic levels. And this can be a good thing for Canada’s economy.   Despite home sales slowing down by around 40%, and lower selli...Read More

Upgrades announced for Dozens of GO Stations

By: Loretta Phinney Team

Upgrades announced for Dozens of GO Stations

Tags: Oakville GO Station, GO Transit, Commuting, Regional Express Rail Plan

Improving the reliability and convenience of public transit is critical for a healthy economy and sustainable future. That’s exactly what the Government of Ontario is doing, as it announced that 43 GO transit stations are planned for upgrades.   The upgrades will include Enhanced platform edges Digital signage to display service information New fare services Modifications to impro...Read More