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Are there too many condos in Toronto? Real estate wiz Brian Persaud takes on this contentious issue


The following is a guest post by Brian Persaud, a Toronto based real estate agent, investor, analyst, TV show host, producer and author of the forthcoming book "Investing in Condominiums". He is a provider of Toronto condominium information and a good friend to the folks of BuzzBuzzHome. Read more

A day at the Beach in November? You better believe it! Beach Club Lofts holding exclusive preview event this weekend [PICS]


Those temperatures won't be going back up any time soon, so a day at the beach might seem like a "strange" concept at the moment.But it's not too hard to imagine spending a day at the Beach Club Lofts, the boutique residence by Zen Homes that's only Read more

We're feeling like nobility just looking at these new renderings from The Royal Collection


When you're searching for homes in a place like King City, we're guessing you might be looking for something with a hint of royalty. Well, this project by Zancor Homes registers pretty high on the royalty scale, so high in fact, that they simply named it The Royal Read more

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MARKET

Have a family? New survey finds it’s the #1 motivator for home buyers

Posted on February 22, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

Coldwell Banker just surveyed over 600 of its real estate professionals in the US, and the results shed some surprising insight on the motivations of buyers and sellers.

When it comes to life events motivating potential purchasers, having a family trumps all, with 70 per cent of real estate professionals say a new baby or growing family is the “most common,” or a “very common” reason buyers search for a new home.

Other major life events include relocation for job reasons (69 per cent), marriage (59 per cent), and divorce (48 per cent). Read more

Buzz Talk with Jared Menkes [INTERVIEW]

Posted on February 22, 2012 | buzzhomeblog Posted in BUZZTALK, DEVELOPMENTS, MARKET, ONTARIO | Leave a comment

This week in BuzzTalk, we’re buzzing with Jared Menkes, a young development manager at the well-known and highly regarded Menkes Developments.

When it comes to the development industry in Toronto, it’s hard to think of a bigger name than Menkes. The family-owned company does everything, from condos to single family homes to commercial real estate.

The first Menkes residential project that Jared spearheaded was Pears on the Avenue, the 20 storey Yorkville meets Annex project that’s currently under construction on Avenue Road, north of Bloor. Jared is currently hard at work on Fabrik, the new condo development at Queen and Spadina. Read more

Bonus bonanza! New BC home buyers bonus announced for up to $10,000

Posted on February 22, 2012 | buzzhomeblog Posted in MARKET | 1 Comment

It seems like just the other day we announced a new perk for new home buyers in BC (it was!), and today we’re bringing you more great news, in the form of a New Home buyers bonus worth up to $10,000.

Here’s the rundown:

The B.C. government has announced plans to implement a temporary BC First-Time New Home Buyers’ Bonus, effective February 21, 2012, to March 31, 2013.

The bonus is a one-time refundable personal income tax credit, calculated at 5% of purchase price, worth up to $10,000.

So who qualifies as a first time new home buyer? Well you do if you fit these guidelines… Read more

New poll finds analysts agree that Canada’s housing market won’t crash

Posted on February 21, 2012 | buzzhomeblog Posted in MARKET | 1 Comment

Last week the news agency Reuters took a poll of 14 economists and strategists to get their views on the Canadian housing market.

The verdict? Prices will not suddenly crash, but the Canadian government will make it more difficult for many homebuyers to get mortgages this year.

Ten of the fourteen polled answered yes when asked whether Ottawa would tighten mortgage rules within the next 12 months.

Steps that the government could take include raising the minimum down payment to buy a home from the current 5 per cent or reduce the maximum amortization period from 30 years.

Such a move would likely come before the prime spring real estate season (read: sooner, rather than later).

In a Reuters article economist Benoit Durocher speculated that the action would occur “sometime between now and the next budget.” Read more

Home builders rejoice! HST rebate cap increased for new homes

Posted on February 20, 2012 | buzzhomeblog Posted in MARKET | 1 Comment

In a move that’s sure to spur the home building industry in BC, Finance Minister Kevin Falcon announced on Friday that the BC new housing rebate threshold will be increased to $850,000.

Right now, only homes up to $525,000 qualify for the rebate program, but the increase will make 90% of newly-built homes eligible.

The move is intended to ensure fairness and equity as BC transitions back to PST, so whether a newly constructed house is built fully or partially under HST people will pay an equal amount of tax.

Read more

Mississauga ranks in the top 10 in North America high-rise list

Posted on February 20, 2012 | buzzhomeblog Posted in DEVELOPMENTS, MARKET, ONTARIO | 2 Comments

A lot of fuss has been made over the fact that Toronto has the most high-rise buildings under construction in North America.

This has been an assumption for most Torontonians for awhile now and it was made official back in late September when the Hamburg-based Emporis released their data on high-rise construction in North America.

While Toronto deserves the attention — after all, it beats New York City 132 to 88 — we feel like the fact that Mississauga ranked in the Emporis top ten list was overlooked. Read more

Surrey is on track to eclipse Vancouver as BC’s largest city and it might happen soon

Posted on February 16, 2012 | buzzhomeblog Posted in BC, DEVELOPMENTS, MARKET, WATER COOLER | 1 Comment

In terms of population, Surrey is slated to overtake Vancouver in the next decade.

It’s already the 12th largest city in Canada, and the second largest in BC, with its growth accounting for 37 per cent of Metro Vancouver’s growth between 2006 and 2011. That’s a lot of people!

Of course with nearly three times the landmass of Vancouver, Surrey’s rapidly increasing population and expanding infrastructure isn’t terribly surprising.

But with such a quick transition from sleepy Vancouver suburb to bustling metropolis, the folks in charge have started to prepare for their time in the spotlight. Read more

Buzz Talk with Mark J. Stables [INTERVIEW]

Posted on February 15, 2012 | buzzhomeblog Posted in BUZZTALK, DESIGN, MARKET | Leave a comment

Today we welcome Mark J. Stables, the founder of Benchmark Group and Movement Haus, to the Buzz Talk hive.

Mark is a fitness and wellness expert with a vision. He founded Benchmark Group in 1999 with the goal of providing holistic fitness and lifestyle coaching to a growing number of clients.

More recently he’s created Movement Haus  – a Toronto-based project that provides “functional design” solutions for today’s urban condominium fitness amenity. Read more

Vancouver named North America’s most expensive city by Economist Intelligence Unit

Posted on February 15, 2012 | buzzhomeblog Posted in MARKET | 1 Comment

We knew waterfront views were expensive, but Vancouver has recently taken the unique honour of being North America’s most expensive city.

In a survey of 130 international cities, Vancouver ranked 37th most expensive when comparing over 400 individual prices across 160 products — including food, clothing, rent, and education.

The survey was conducted by the super meticulous Economist Intelligence Unit. Read more

Toronto developments clean-up at the National Sales and Marketing Awards

Posted on February 14, 2012 | buzzhomeblog Posted in MARKET | Leave a comment

A big congratulations is in order to quite a few Toronto developers and marketing companies.

Toronto developments cleaned up big at The Nationals, an annual awards ceremony that pays tribute to superior sales and marketing achievements by professionals, homebuilders and sales and marketing councils.

The National Sales and Marketing Council recognizes developments in Canada and the United States so these developers and marketing companies were up against some fierce competition.

The Gold Awards were announced on February 8th at a ceremony in Orlando. Winners received a trip to DisneyWorld… Just kidding. Read more

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