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'Why let one person in the States change your life?' For Canadian snowbirds, the stay or go dilemma gets complicated

‘Why let one person in the States change your life?’ For Canadian snowbirds, the stay or go dilemma gets complicated

Rick, a retired accountant from Vernon, B.C., has been coming to California for 17 years. But closing in on 80 years of age, he has been reconsidering that ritual. He doesn’t like the political climate in the United States and he also worries about how Canadians will be accepted. He would probably sell his place

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Trouble at The One shows your pre-sale condominium purchase isn't as locked in as you think

Trouble at The One shows your pre-sale condominium purchase isn’t as locked in as you think

Billed as the tallest residential tower in Canada, the 85-storey project at Yonge and Bloor in Toronto once known as the One , will probably be also famous for one of the longest construction runways to final completion, a time frame every condo buyer should worry about. Developer Sam Mizrahi bought the land in 2014,

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Garry Marr: Americans may soon get the option of 50-year mortgages. Here's why Canadians shouldn't be envious

Garry Marr: Americans may soon get the option of 50-year mortgages. Here’s why Canadians shouldn’t be envious

What’s five decades to pay off your mortgage ? Apparently, not much south of the border, where Americans may soon get the privilege of 50-year mortgages. Half a century before you own your home, assuming you live that long. U.S. President Donald Trump floated the idea on social media, pitching it as a way to

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Garry Marr: Here's the real reason the Canadian dream of home ownership won't die any time soon

Garry Marr: Here’s the real reason the Canadian dream of home ownership won’t die any time soon

Home ownership in Canada has never really been a great investment until you consider the alternatives for accommodation and saving. A panel hosted by the Veritas Group of Companies titled Is Home ownership Dead? passionately debated the topic last week, and the conclusions seem grim. Rightly so. For young Canadians , confidence in housing is

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Garry Marr: Why micro condos will survive the current downturn, even if they've lost their allure for now

Garry Marr: Why micro condos will survive the current downturn, even if they’ve lost their allure for now

Somehow, a high-rise condominium unit of approximately 300 square feet in downtown Toronto or Vancouver with en-suite laundry and a galley kitchen in a building with amenities, is now considered inhumane in this country. There are a variety of market and government factors that have led to micro-condos, but let’s start by addressing the fact

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Fixed or variable rate mortgage? There's a third option, but you'll always be 'half wrong'

Fixed or variable rate mortgage? There’s a third option, but you’ll always be ‘half wrong’

Every interest rate move by the Bank of Canada triggers the existential mortgage question of whether to go fixed or variable , but what if you didn’t have to choose? Of course, that would require a mindset in Canada that doesn’t exist, as homeowners generally have little to no appetite for splitting their mortgages into,

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Trade Wars Could Be What The Housing Market Needs To Heat Up

Trade Wars Could Be What The Housing Market Needs To Heat Up

As a stock market investor, I’m disappointed in the new tariffs President Trump has imposed—10% on imports from China and 25% on imports from Mexico and Canada, including a 10% duty on Canadian energy imports (oil, natural gas, electricity). If these tariffs persist all year without resolution, corporate earnings could take a 2%-3% hit, which means a similar drop in

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