Linda Nguyen
TorontoStar
Toronto, ON, Canada
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Past articles by Linda:
Retail and grocery magnate W. Galen Weston dead at 80 after ‘long illness’
TORONTO - Canadian retail kingpin and philanthropist W. Galen Weston has died at age 80, George Weston Ltd. announced Tuesday. → Read More
Canada’s housing market ‘vulnerable’ even as prices ease in Toronto
Housing watchdog CMHC says it has changed its overvaluation rating for Toronto and Victoria to ‘moderate’ from ‘high’ → Read More
Toronto real estate board calls on Ottawa to revisit mortgage stress test
TORONTO - Canada's largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto's once red-hot housing market. → Read More
Paying down debt should be priority for low income workers, say experts
TORONTO - Investment planning can often be seen as a luxury for the financially stable but advisers say that it's especially important for those who are starting out in their careers or are struggling with debt. → Read More
From iPads to charcuterie, how realtors woo buyers to an open house
From food trucks to iPad giveaways to private wine and cheese nights, realtors up their game to lure potential homebuyers inside → Read More
Luxury home sales fall in Toronto, Montreal and Calgary in 2018, according to Sotheby’s
The report released Wednesday found that Vancouver, Toronto and Calgary saw large drops in high-end real estate sales in 2018 as the markets dealt with a number of headwinds including tighter supply, higher foreign buyers taxes and strained economic conditions due to the falling price of crude. → Read More
Luxury home sales fall in Toronto, Montreal and Calgary in 2018, according to Sotheby’s
The report released Wednesday found that Vancouver, Toronto and Calgary saw large drops in high-end real estate sales in 2018 as the markets dealt with a number of headwinds including tighter supply, higher foreign buyers taxes and strained economic conditions due to the falling price of crude. → Read More
Annual pace of housing starts in Canada falls in December
CMHC reports says housing starts in Canada was 213,419 units in December, down from 224,349 in November. → Read More
GTA homes sales fell 16 per cent in 2018, figures show
The number of new listings also dropped as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules. → Read More
Toronto area home sales fall to 10-year low in 2018 as number of listings dip
The board, which represents more than 52,000 real estate agents in the region, says the total number of new listings was also lower, pulling back 12.7 per cent to 155,823 in 2018. → Read More
Real estate industry poised for a tech disruption in 2019
Proptech, which Frank Magliocco, a partner at PwC Canada who specializes in the housing market, called the cousin to the banking industry’s fintech, can refer to anything from online listings websites to smart buildings that use big data to automate heating and lighting to 3D printing homes. → Read More
National home sales forecasted to fall to nine-year-low next year, says CREA
The group is projecting that home sales across the country will decline to the lowest point in nine years but stay little changed from 2018, falling only by 0.5 per cent to 456,200 units. → Read More
Toronto and Vancouver most ‘vulnerable’ to interest rate hikes, says CMHC
The housing agency says the debt-to-income (DTI) ratio for those living in Vancouver climbed to 242 per cent in the second quarter, which ended June 30. → Read More
Total number of new mortgages slumped in second quarter, says CMHC
The federal housing agency says fewer Canadians opened new mortgages in the three-month period ending June 30, even though the total number of active mortgages and the value of those mortgages rose during the same quarter compared with a year ago. → Read More
Richmond Hill, Vancouver among Canadian cities taking a stand against real estate’s unlucky numbers
A few years ago, city officials in Vancouver began seeing a rise in special applications by commercial and residential developers asking for permission to skip any floor that contained the number four, in addition to the 13th floor. → Read More
Greater Toronto home sales drop nearly 15% in November, prices still climb
The Toronto Real Estate Board said Wednesday there were 6,251 residential transactions recorded last month through its Multiple Listing Service (MLS) system, down 14.7 per cent versus a year ago. → Read More
Alberta plans to buy 7,000 railcars to ease ‘crisis’ in oil price differentials
Alberta needs to buy as many as 7,000 railcars if it wants to be able to meet its goal of shipping an additional 120,000 barrels of oil a day, says Premier Rachel Notley. → Read More
Demand grows for vacation condos in Whistler, Mont-Tremblant
Pat Kelly, president and owner of Royal LePage Black Tusk, attributed the growth in condo prices to a boon in the tourism sector by buyers looking for short-term income rentals and investment properties. → Read More
Stagers, renovators and drones: Not everyone loses in a down housing market
Although housing markets may be off the price peaks seen in the spring of 2017, not all related industries stand to lose when property prices head lower. From staging services to renovation companies to drone operators, some industries that support the real estate market expect demand to remain strong. → Read More
October home sales down 1.6 per cent compared with September, according to CREA
The drop came as the average price for a home sold last month fell 1.5 per cent from October last year to $496,800. → Read More