The Yorkville area that already boasts some of the finest restaurants and cafes has just got another great addition by way of the newly opened Estia. The Mediterranean style restaurant that focusses on traditional cooking techniques and fresh in-house cheese, breads and meats has replaced Asian-inspired steakhouse, Nao that received mixed reviews when it opened a…
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Why the Canadian Mortgage Market Is Healthier than You Think – The Changes in Mortgage Rules Make it Even Better
Seeing that the real-estate prices were spiraling out of control and could lead to an imbalanced market, the Ottawa government put in place several new mortgage rules last October. The new rules were spelled out amid fears that many home buyers were taking on huge mortgages that they may not be able to pay if…
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House Prices in Toronto are Steady – With Still Some Room for Growth
Shortly after the Ontario government introduced a foreign tax levy, Toronto and the GTA area did see an increase in listings in April and May this year. The sales also saw a cooling off, sparking speculation of a sharp decline in home prices in the days to come. So is the Toronto housing market going…
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Toronto’s Five Decades of Condo Growth
It was half a century ago – in 1967 – that the first condo was constructed in the city. It was a fairly unknown idea then, but the government at the time encouraged the development, seeing it as a solution to the crisis in affordable housing. The concept did not click. Yet, spurred by government…
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