WEEKLY REAL ESTATE NEWS ROUND-UP - WEEK ENDING 11TH AUGUST 2018

By SHAWN VENASSE - Sales Representative "I KNOW TORONTO"       Notwithstanding that its the middle of August and the dog days of Summer have just come & gone, it's still been a full week for real estate and real estate news. From Infographics comparing the real estate taxes of each province to calls from City Hall to the Premiere of Ontario to "pause" on his plan to rip City Hall up and recast it in his own image. Conflicting stories continue to dot the media landscape with some sources saying Toronto is still on the verge of it's bubble bursting while others are convinced that is no bubble and never has been. In fact, new data seems to be indicated that, if anything, prices will continue to soar -- especially those downtown where the new norm has become over $1,000/square foot! Crazy! All in all, it's been a quiet month for real estate, but then again it's August...so no surprises there! Thank you and enjoy, SHAWN VENASSE - Sales Representative The Elli Davis Team - Royal LePage RE Svcs Ltd, Brokerage 55 St Clair Avenue West, Toronto, ON  M4V 2Y7 416-921-1112 office 416-670-7042 mobile shawn@ellidavis.com Not intended to solicit anyone under contract. For a complete review of all caveats, disclaimers, terms of use, privacy policy etc., please refer to https://www.publishthis.email/caveats,-disclaimers,-terms-of-use-and-privacy-policy-rkbCEZFsz   snip.ly How Property Tax Differs Across Canada [REPORT] | Zoocasa VIEW MORE snip.ly The Average Mortgage and HELOC Payment Is Soaring In Toronto and Vancouver | Better Dwelli Canada's national housing agency crunched the numbers on the average debt payments, and they're soaring in Toronto, Vancouver, and Montreal. VIEW MORE   snip.ly Canada's Sudden Population 'Boomlet' Is Boosting Housing A faster-growing population could mean higher mortgage rates. VIEW MORE   snip.ly Canada's Sudden Population 'Boomlet' Is Boosting Housing A faster-growing population could mean higher mortgage rates. VIEW MORE   snip.ly Toronto mayor asks Ontario premier to ‘hit the pause button’ on cutting council seats The provincial government tabled legislation last month that would see the number of city council seats reduced by nearly half in the October municipal election. VIEW MORE   snip.ly Toronto infrastructure overwhelmed by rare storm, experts say | The Star More than 70 millimetres of rainfall was measured at Billy Bishop Airport in two hours on Tuesday night. The storm flooded basements, waterlogged streets and stalled public transportation. VIEW MORE   snip.ly Flash flooding has created sickening mess in Toronto Harbour, water-monitoring group says A local water-monitoring group found sky-high levels of E. coli along the city’s waterfront after this week’s heavy rainfall. VIEW MORE   snip.ly The key to affordable housing isn’t building more units — it’s better public transportatio Haider-Moranis Bulletin: Public-sector interventions seldom make a huge difference in housing markets, and neither do falling sales or prices VIEW MORE   snip.ly Half of Ontario boomers willing to downsize | The Star But 63 per cent say they can’t afford to retire in their current location: Leger survey. VIEW MORE   snip.ly How Property Tax Differs Across Canada [REPORT] | Zoocasa How does property tax differ across Canada? We compared the property tax rates of 25 major cities to see which municipalities pay the most and least taxes. VIEW MORE   snip.ly How Much Does It Cost To Move | Zoocasa How much does it cost to move? Spending on the items, distance, and company, moving fees can differ. Here's what you need to know before... VIEW MORE   snip.ly Toronto Real Estate - How long does it take for Millennials to save for a down payment?? - Toronto Real Estate - How long does it take for Millennials to save for a down payment?? Toronto Real Estate - As house prices in Toronto have increased dramatically over the past two decades, it has VIEW MORE   snip.ly Waterfront tower expected to fetch among city's highest rents Toronto has an ambitious plan for its waterfront, and no address will be more in-demand than the towers on the shore line VIEW MORE   snip.ly What Top Toronto Mayoral Candidates Are Saying About Housing Keesmaat has a proposal to build 100,000 affordable housing units; Tory boasts of the units he's already built. VIEW MORE   snip.ly Creative hoarding coming to Toronto's Mirvish Village construction site The hoarding that surrounds the site of Toronto's Mirvish Village development — on the site of the former Honest Ed's discout store — has been painted with the stories of the community. Local artists VIEW MORE   snip.ly Meet Jean Verville, Canada’s Most Experimental Architect Verville doesn’t design homes like the one you grew up in, unless you grew up on a spaceship in the distant future. VIEW MORE   snip.ly Baby boomers looking to re-enter housing market | CBC News More than half of Ontario baby boomers consider big cities unaffordable for retirement, according to a new survey from Royal LePage. So they're considering moving out, or downsizing. VIEW MORE   snip.ly Locals in Ontario’s cottage country prepare for battle with big-city home buyers Competition heats up as those shut out of big cities look north VIEW MORE   snip.ly From Toronto to Sydney, it's the end of the global housing boom - BNN Bloomberg After a years-long surge in global capitals, property prices are starting to head lower. From Sydney to Toronto, here’s a look at what’s ahead. VIEW MORE   snip.ly Toronto Housing Market Report | August 2018 Real Estate Trends & Stats | Zolo.ca Up-to-date real estate trends & stats for Toronto. Research sales history, average house & condo prices, current listing inventory, and total active listings. VIEW MORE   blog.remax.ca 75% of GTA neighbourhoods see detached housing values increase from Q1 to Q2 in 2018 Quiet comeback for detached housing bodes well for GTA housing market Price appreciation in the second quarter of 2018 showed a marked improvement over Q1 figures, with the average detached housing va VIEW MORE   snip.ly $5 million for a spacious suite in the Windsor Arms It's our Condo of the Week VIEW MORE   snip.ly Cost of Living in Toronto Average prices of more than 40 products and services in Toronto, CanadaAug 2018. Prices of restaurants, food, transportation, utilities and housing are included. VIEW MORE   snip.ly 5 Ways Millennials Can Become Homeowners If you’re a millennial, you’ll likely find what you’re about to read interesting and also irritating. According the the Urban Institute, the millennial generation has the lowest rate of homeownership VIEW MORE   snip.ly The Latest in Mortgage News – Is the Housing Market Turning a Corner? - Mortgage Rates & M Tweet Share 0 LinkedIn 0 While Vancouver area home sales are still posting year-over-year declines, signs are appearing in the Greater Toronto Area that the worst of the housing correction is now over VIEW MORE   snip.ly Opinion | Toronto can solve its affordable housing crisis. Here's how The city’s housing affordability crisis acts as a fundamental limit on our future progress. The talent needed to fuel our economy can no longer afford to comfortably live here. VIEW MORE   snip.ly Lack of homes on the market to drive Toronto real estate prices, realtors say TORONTO — A lack of homes for sale is expected to drive Toronto's sizzling housing market to another year of double-digit price increases, the city's real estate board said Tuesday. The Toronto Real E VIEW MORE   snip.ly How Much Does It Cost To Move | Zoocasa How much does it cost to move? Spending on the items, distance, and company, moving fees can differ. Here's what you need to know before... VIEW MORE