Lakeshore Reconstruction Project in Downtown Oakville

Planning on travelling in the downtown Oakville area? Here are some recent street changes/closures the Town of Oakville has implemented as part of the Lakeshore Road Reconstruction and Streetscape project. Lakeshore_Notice

Posted in Living

Changes to Mortgage Rules & the Primary Residence Capital Gains Exemption

Tidbits on changes to mortgage rules and the primary residence capital gains exemption. In October, the federal government announced changes to the guidelines for borrowers of high-ratio mortgages. Let’s first look at the difference between a high ratio insured mortgage and conventional or low ratio non-insured mortgage. An ‘Insured Mortgage’ is one where a home …

Posted in Home Finance

Implications of the New Mortgage Regulations

In an announcement from TD Economist Diana Petramala, the implications for the Ontario market are less significant due to booming demand and tight inventories. Here’s a synopsis of her comments: With demand weakening, the national sales-to-listings ratio came down more than 3 points to 59.6 in the month, tipping the national market back into balanced territory. …

Posted in Home Finance

Landlord Licensing in Toronto?

A proposal to the Toronto City Council will be made regarding landlord licensing. It concerns approval of a new regulatory by-law for rental apartments, which would require that all buildings are registered with the city. Additionally, the proposal looks to have a process in place for tracking tenant repair requests, installation of a notification board, implementation of a …

Posted in Income Properties

LED Lights Are Here to Stay…

LED lights are here to stay and they offer many advantages. They guarantee a ‘greener’ future. So what is LED light? The acronym stands for light-emitting diode – a solid-state lighting that uses a semiconductor to convert electricity into light. Let’s look at their key features and benefits: LED bulbs are 6-7 times more efficient …

Posted in Home Maintenance, Rebates

Tips for Toronto Living

Check out this short and informative video from the Toronto Real Estate Board for some useful tips. Toronto Living – Homeowners Kit for Energy Ideas and Savings

Posted in Home Finance, Home Maintenance, Living